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0.5¢ ovanti limited

$1 Club, page-19881

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SebbyV

1,010 Posts.

586

05/04/21

15:24

Post #: 52253025
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Originally posted by gimmegimme: ↑

OK, lets look at those three business components.

1. The software development division is essentially a contracting company. Much like mining services businesses which are forever dependent on the next contract coming. I don't like them because inevitably, one day, the next contract doesn't come. They are good while things are good but they can turn bad really quickly.

2. As explained by your CEO, pre-paid inventory trading is a break even business. It doesn't matter how much they turnover, 0.5% gross margin is still only 0.5% gross margin. Even if IOU turnover $1.5m per week that's still only $360k gross profit per annum and then they have to deduct all those other below-the-line costs.

3. BNPL in Malaysia is about to be taken over by Pine Labs who have 95% of the BNPL market in India. BNPL is the kind of business where winners takes all and there is no room for multiple participants.

IOU is not currently making a profit and I don't foresee it ever doing so.

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Quite literally everything you wrote there is incorrect. Also, as someone that speculates in microcaps with a track record in material trading suspensions, people should be very wary of your ‘analysis’.

IOU Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $7.781M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$24.31K	5.662M

Buyers (Bids)

No.	Vol.	Price($)
6	4668934	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	3726187	12

View Market Depth

No.	Vol.	Price($)
6	4668934	0.004
21	34624663	0.003
31	26688636	0.002
16	36762300	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	3726187	12
0.006	3090179	8
0.007	2655819	8
0.008	1685714	4
0.009	1900000	4

Last trade - 16.10pm 01/10/2024 (20 minute delay)

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