Australia's largest stock trading and investment forum Australia's #1 stock forum

OVT

Click for more information

14.3%

0.3¢ ovanti limited

Ann: March Quarterly Activities Report, page-80

First 80 Last

Share
Profile

Follow
kevin103

17,049 Posts.

3251

29/04/22

16:43

Post #: 61108872
Share

Originally posted by mondyinvest: ↑

Emotional? I don’t hold: no skin in the game, no emotion. But that doesn’t remove a sense of disbelief.

If you want ‘rational’, and think ASX don’t get involved in the day-to-day cash levels of a company, perhaps you could read chapter 12 of the ASX listing rules:

https://www.asx.com.au/documents/rules/Chapter12.pdf

Look at the TTV numbers - they almost halted BNPL payments to merchants in the second half of the quarter to protect their cash. A cash balance that was close to $50M before they blew a big chunk on IDSB. There’s just no point sugarcoating it. People kept thinking there was some mystery bank in the background, but there’s nothing; they were just using their cash. The wholesale funding decision mentioned in the June 2021 quarterly just went quiet. Why leave it this late, and only now tell holders that the book is too small to attract debt finance interest? Unbelievable.

Expand

Either this is the greatest stuff up by management OR something else is brewing in the background.

Hopefully we see a pump soon

Yes BNPL is terrible - sooner we move away from it the better imo I have ignored BNPL since June 2021 way back when everyone was hyping about IOU's bnpl launch back then.

Last edited by kevin103: 29/04/22

IOU Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

RCE

Recce progresses testing of gel to treat bacterial skin infections

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

AHK

Ark Mines provides strategic update following mining lease submission

There are more pages in this discussion • 322 more messages in this thread...

First 80 Last

Add OVT (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(14.3%)		Mkt cap ! $4.669M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$6.802K	2.100M

Buyers (Bids)

No.	Vol.	Price($)
37	32371953	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	14481514	4

View Market Depth

No.	Vol.	Price($)
37	32371953	0.003
31	22148636	0.002
16	46752300	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	14481514	4
0.005	11522053	15
0.006	5854703	12
0.007	2482506	7
0.008	1175000	3

Last trade - 16.10pm 09/10/2024 (20 minute delay)

OVT (ASX) Chart

SPONSORED BY