Australia's largest stock trading and investment forum Australia's #1 stock forum

OVT

Click for more information

11.1%

0.8¢ ovanti limited

IOU Chart, page-2111

First 2111 Last

Share
Profile

Follow
DanMachine

2,653 Posts.

267

31/05/22

11:35

Post #: 61723887
Share

Originally posted by The Stig: ↑

There is a positive outcome via the delays in closing off Tranche 2 payment, especially if they drag it out for another 2 months. That would put iou in the position of maybe not paying anything more for Tranche 2. Yet get 42% of the company.
Example
$21m paid for original 21% of idsb
Upon audited accounts, using the discounted method, payment 2 equates to approx $7m.
Total cost for 42% =$28m of which 75% was already paid.
Now, reminder, we were allocated dividends based on 21% ownership, however it might need adjustment to 31.5% for Dec, March and June Q's.
That would equate to a 50% increase in dividends, add them against the balance less refundable deposit.
Might be very close to net zero

Maybe just my musings though.

Expand

Ah hah, looks like you see my point now

So, is that bad management, negotiating a ripper deal?

IOU Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

There are more pages in this discussion • 5 more messages in this thread...

First 2111 Last

Add OVT (ASX) to my watchlist

(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $9.920M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.8¢	$95.87K	11.68M

Buyers (Bids)

No.	Vol.	Price($)
4	1162531	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	2258000	9

View Market Depth

No.	Vol.	Price($)
4	1162531	0.008
23	4906113	0.007
16	8404229	0.006
13	4758100	0.005
5	1536128	0.004

Price($)	Vol.	No.
0.009	2258000	9
0.010	2767681	10
0.011	1250367	4
0.012	1914130	8
0.013	561417	3

Last trade - 16.10pm 09/07/2024 (20 minute delay)

OVT (ASX) Chart