Ovanti GroupShares on issue - 1,118,325,484
Share price - 2.9c
Market Cap - $32m
Cash on hand - ~$1m
Management/Shareholders- Mr David Halliday, non exec chairman
- Mr Daler Fayziev, exec director
- Mr Mohammad Shahruddin, exec director
- Mr Joshua Quinn, non exec director
- Mr Gregory Woszczalski, non exec director
Largest Shareholders- Finran, 198.3m (17.5%)
- Brett Partridge, 116.3m (10.2%)
- Beyaz Holdings, 50m (4.5%)
- Mavi Holdings, 45m (4%)
Info- Re listing completed
- No debt
- The Malaysian business hadpositive cash flow during the prior quarter and is intended to generatepositive cash flow in the next two quarters
- Efforts to recover misappropriated funds continue, assisted by Malaysian Police
- Plans for a buy-back/register clean up mentioned @ the AGM
- Congratulations to shareholders and a massive thank you to Clee Capital and co on delivering what they set out to do. The % of companies to escape the claws of VA and return to trading again, particularly in the precarious position that OVT was in, is practically 0.
- Whether holders are now able to sell for a CGL, accumulate off the back of this or the mere fact that liquidity is now an option is to be commended
- Directors/Management remuneration significantly reduced for the next 12+ months
- Steady pipeline of news over coming weeks/months
Onwards and upwards for OVT
(20min delay)