This is what I was talking about yesterday. The company has a 10% allocation without shareholder approval. 45m shares at 56c is $25m added to the balance. This is what I would expect and I imagine this would be oversubscribed. This was a very smart move by management to capitalize on the interest. Any sophs or institutional investors would see the possibility for big returns. You could quite easily price this over $1 if revenues continue to grow over 100% per quarter.
If the soft launch is going well then this data would aid in raising at such prices.
Anyone thinking they got played or are now trapped I would ask you to consider the number of merchants that can be onboarded for BNPL with $25m on the balance sheet if that's what they were to secure. In a business at this phase, the scale phase, every dollar you put in to generating revenue will have a return. As revenue grows the value of the company will grow. Again, I reiterate my price target of $1.80 this calendar year even with dilution. Opinion only, not financial advice.
Good Luck Holders.
- Forums
- ASX - By Stock
- OVT
- Ann: Trading Halt
Ann: Trading Halt, page-73
-
- There are more pages in this discussion • 385 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OVT (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $1.416K | 291.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 5682096 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6147115 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 5557096 | 0.004 |
54 | 32852947 | 0.003 |
17 | 20185000 | 0.002 |
16 | 35990073 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5147115 | 10 |
0.006 | 5015416 | 8 |
0.007 | 2729198 | 11 |
0.008 | 5499024 | 12 |
0.009 | 2467112 | 6 |
Last trade - 13.01pm 09/08/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |