NOV 0.00% 5.1¢ novatti group limited

Ann: AGM Presentation, page-56

  1. 419 Posts.
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    I wish you all the best with this stock.

    I sold out yesterday on the open because of Peter's change in tone at the AGM from 'i'm 99% sure we' ll get the license' to 'it doesn't matter if we get it or not'.

    Of course this was a speculative decision based on no real substance, but there was another stock I was itching to increase my position in and the opportunity cost of waiting longer for the bank license was just too much.

    I thought to myself, even with the bank license, Novatti would have to take a long time to prove itself that it can run a bank entity successfully.

    Again, no hard feelings and i still believe that if Novatti does get the bank license, it has the potential to create a unique type of bank here in Australia to serve migrants
 
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