OVT ovanti limited

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kevin103

18,568 Posts.

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28/12/21

15:09

Post #: 58536042
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Originally posted by Ryzie: ↑

How can you honestly think that?

What's the alternative then? Money received today is worth more than money in the future BUT $40m sitting in the bank is wasted. The money will get spent on something. It should be put to work at the highest rate of return otherwise it loses value through inflation anyway and it's returning next to nothing in a bank account. The IDSB investment returns 12%, BNPL returns 9.6% and a term deposit returns 1%-2%.

At least the investment in IDSB returns cash as a diversified income stream and provides BNPL customers with higher quality credit profiles. The investment returns on two different fronts.

I'm really getting tired of the same argument about IOU losing out big without providing a better alternative. Do you expect the company to just sit on $40m cash forever? IOU can raise equity at any time through the market and I'm certain there would be plenty of investors that would be willing. I see money pumped into less desirable companies all the time.

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You sound like a broken record there matey... % this and % that WAHAH

Keep living in your fantasy world - so juvenile

LOL

When did I say IOU should sit on their cash forever?

I said to use the $50mil as they had said when they did the CR - for expansion into SEA.

NOT lock themselves up in Malaysia by buying a one man owner malaysian company.

Last edited by kevin103: 28/12/21

IOU Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.001(12.5%)		Mkt cap ! $42.71M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$236.8K	26.84M

Buyers (Bids)

No.	Vol.	Price($)
23	17660485	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	618536	1

View Market Depth

No.	Vol.	Price($)
23	17660485	0.008
72	43649397	0.007
42	18525962	0.006
18	9369438	0.005
10	4365000	0.004

Price($)	Vol.	No.
0.009	618536	1
0.010	10569255	18
0.011	8372081	18
0.012	15305390	14
0.013	11813247	14

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