The company has almost exhausted its cash reserves, doesn’t have a permanent CEO, and is yet to get its business up and running, which will likely require significant additional capital and lead to further dilution. There are currently 2.7 billion shares on issue and 1.3 billion deferred, totalling 4 billion fully diluted. On that basis, a 5c share price implies a $200 million market cap, and a 10c share price implies a $400 million market cap. What is your justification for such valuation?
OVT Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
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