Thanks for the summary on all the current NOV options - as there is obviously quite a few different options that have been issued over the past few years!!
As a long term NOV holder that is (and remains) bullish on this business, I have generally been OK with the high number of different options that have been issued over the years.
Except for the last 15 million x 20 cent options that were issued a month or so ago - which have now decreased to 13 million x 20 cent options with Abigails resignation from the NOV board.
Whilst they have done a good job to this point, I felt that NOV management (& Peter Cook) have taken advantage of some extreme negative macro conditions around the world - to issue themselves a massive amount of low priced (20 cent) options.
IMO this was really opportunistic & greedy (as they are already being remunerated well for a company with a market cap of only around $70m), and it certainly dented some of the confidence that I have in this management team.
Whilst these options will put some further funds into the NOV account, IMO there is no way that a 20 cent strike price can be justified by PC & his team?
Especially as they must have known at the time just how close the RADI was to being issued.
Still think NOV will be a cash flow positive & highly profitable & much bigger market cap company at some point, but was definitely not happy with this massive amount of low priced options being issued to management a month or so ago![]()
Hopefully this quarterly shows the resumption of strong revenue growth, and I am really hoping that it also continues with the progress towards this business being cash flow positive.
Taking the approximately $3m in annual costs of the "banking team / business" out of the quarterly expenses should definitely assist this business to get to cash flow positive sooner.
Hope 2023 is a great year for everyone![]()
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5.2¢ |
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Mkt cap ! $18.49M |
Open | High | Low | Value | Volume |
5.1¢ | 5.2¢ | 5.0¢ | $27.15K | 531.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17841 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 72501 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17841 | 0.052 |
1 | 52950 | 0.049 |
1 | 63829 | 0.047 |
4 | 138700 | 0.045 |
1 | 11627 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 72501 | 4 |
0.060 | 146837 | 3 |
0.063 | 27000 | 1 |
0.070 | 100000 | 1 |
0.079 | 38325 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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