OVT ovanti limited

0.00%

0.7¢

$1 Club, page-27170

First 27170 Last

Share
Profile

Follow
kevin103

18,226 Posts.

3399

28/12/21

15:09

Post #: 58536042
Share

Originally posted by Ryzie: ↑

How can you honestly think that?

What's the alternative then? Money received today is worth more than money in the future BUT $40m sitting in the bank is wasted. The money will get spent on something. It should be put to work at the highest rate of return otherwise it loses value through inflation anyway and it's returning next to nothing in a bank account. The IDSB investment returns 12%, BNPL returns 9.6% and a term deposit returns 1%-2%.

At least the investment in IDSB returns cash as a diversified income stream and provides BNPL customers with higher quality credit profiles. The investment returns on two different fronts.

I'm really getting tired of the same argument about IOU losing out big without providing a better alternative. Do you expect the company to just sit on $40m cash forever? IOU can raise equity at any time through the market and I'm certain there would be plenty of investors that would be willing. I see money pumped into less desirable companies all the time.

Expand

You sound like a broken record there matey... % this and % that WAHAH

Keep living in your fantasy world - so juvenile

LOL

When did I say IOU should sit on their cash forever?

I said to use the $50mil as they had said when they did the CR - for expansion into SEA.

NOT lock themselves up in Malaysia by buying a one man owner malaysian company.

Last edited by kevin103: 28/12/21

IOU Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

FBU

Fletcher Building 'exploring options' around construction division sale

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

RML

Resolution Minerals appoints industry experts to fast-track US growth strategy

ASX Market Close: How a megadam in Tibet pushed us into the red

First 27170 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $29.92M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$36.86K	5.088M

Buyers (Bids)

No.	Vol.	Price($)
31	27188164	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	33900628	37

View Market Depth

No.	Vol.	Price($)
31	27188164	0.007
39	31039146	0.006
40	24426000	0.005
31	21083889	0.004
30	34592440	0.003

Price($)	Vol.	No.
0.008	33900628	37
0.009	16015615	23
0.010	26645772	21
0.011	10899620	18
0.012	7395520	26

Last trade - 16.10pm 22/07/2025 (20 minute delay)

OVT (ASX) Chart

$1 Club, page-27170

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

Fletcher Building 'exploring options' around construction division sale

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Resolution Minerals appoints industry experts to fast-track US growth strategy

ASX Market Close: How a megadam in Tibet pushed us into the red

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

$1 Club, page-27170

Top Stories

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

Fletcher Building 'exploring options' around construction division sale

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Resolution Minerals appoints industry experts to fast-track US growth strategy

ASX Market Close: How a megadam in Tibet pushed us into the red

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News