General Chat, page-3305

What about NVA facts for the lazy?

Please demonstrate where I have lied.

In fact, let me prove to you how i didn't lie (you know, seeing as you are lazy).

Referring to Exhibit A, the NVA announcements for the cancellation of the share buy back the the issuance of new shares due to option conversion.

You were see, I was actually wrong, both happened on the same date - 22/06/2021



Now referring to Exhibit B, the details for the final buy back.



And then referring to Exhibit C, the details for the buy back

And finally, refer to Exhibit D, the details for the Capital raise

Now, because I am going to assume you are too lazy to vailidate anything I have posted, I am going to do the math for you.

As per https://www.timeanddate.com/date/durationresult.html?d1=22&m1=06&y1=2021&d2=07&m2=10&y2=2021 there actually 107 days, which means I was admittedly wrong, but by a regrettable margin of about 16%


Now, if we look at the highest and lowest price paid for shares during the buy back, we will see

High price of $0.15c and a raise price of $0.11c represents a 26% discount on the buy back price.

and a

Low price of $0.135 and a raise price of $0.11d represents a 18.5% discount on the buy back price.

Now whilst I was wrong by a margin of 16% for the number of days between the cancelling of the buy back / issuing of shares from the option conversion to the number of days until the recent capital raise, you will see it is actually less than the lowest amount the company paid as a premium from the raise to the buy back.

Again, I welcome anyone to validate, or more importantly invalidate the information I have provided. I will happily correct any errors I have made.

As an FYI, I have also decided to some some shares in order to invest in another company that I think has much better prospects.

I intend on maintaining enough shares to entitle me to continue to be critical of the board and management where justified.