"OVT has up to 12 months cash runway having raised $6m"
Think about all the people they need to hire to get a US BNPL company started. Think about all the costs to get customers and sign up merchants. They need people to do this.
Are current management going to do it all themselves in the US? They need A LOT of people in the US if they are going to do this. (and I don't think they will).
How many US staff members can share that $6M? Nobody works for free.
They are going to run out of cash and I doubt shareholders are going to cough up more.
IDSB should have happened already. Something is wrong.
OVT Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
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