It's clear that there's a lot of frustration and differing opinions about the company's current situation. I understand why some shareholders might feel disillusioned, especially after witnessing the prolonged struggles. However, it's important to remember that business turnarounds, particularly in challenging environments, don't happen overnight. They require strategic planning, patience, and sometimes, tough decisions that might not yield immediate results.
As for the investment from Clee, the fact that he has put his own money into the company suggests confidence in the long-term potential. While it's easy to focus on the current share price, we should also consider the broader picture—asset value, ongoing litigation, and the potential for future gains. Legal proceedings, particularly in complex cases, take time and resources. If the company is investing in litigation, it likely indicates they see a strong chance of a favorable outcome, which could positively impact the share price in the long run.
Yes, the journey has been challenging, and the communication from the BOD could certainly be more transparent. But dismissing all efforts and assuming the worst might prevent us from seeing the potential upside. It’s essential to stay informed, critically assess the situation, and remain open to the possibility that the company could still recover.
Let’s keep the discussion constructive and focused on the facts as we navigate these turbulent times together.
OVT Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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