I think all of your suggestions are possible and there's no way to know for sure. I think it's unlikely that a big player has stepped up and remains in the shadows. I just don't see that happening. A big name would put it's brand behind IOU to drive the success thus securing a good return on investment.
There's no way for sure to know and to be completely honest whether CS are acting on behalf of a big name or they are playing with the stock it really doesn't change the fundamentals of the business. The reasons I bought in have nothing to do with CS or anyone that they may represent. I bought because I see the opportunity, I understand the business model and I have faith that the execution will be handled really well by an experienced management team.
Not sure if you've read the book, "The startup j-curve" by Howard Love? It's a great read which helps understand the phases that a startup like IOU goes through. Love has a saying when a business gets to the scale phase which is right about where IOU is approaching. The saying is a counter to the maxim, "No one ever went broke taking a profit". He says, "While it's true no one ever went broke, no one ever got rich selling early either". I'm currently sitting on between 350%-450% return at the moment and I still think it's way to early to sell yet. Only my opinion mixed with the wise words of Howard Love.
- Forums
- ASX - By Stock
- OVT
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-109
-
- There are more pages in this discussion • 179 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
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.104K | 276.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2839912 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7032552 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2839912 | 0.004 |
38 | 18647379 | 0.003 |
11 | 15815000 | 0.002 |
9 | 24649999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7032552 | 17 |
0.006 | 3466638 | 9 |
0.007 | 1853165 | 6 |
0.008 | 1685714 | 4 |
0.009 | 1100000 | 2 |
Last trade - 13.47pm 06/09/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |