I'm working directly off their 4C report and updated projections following the recent capital raise.They're in serious trouble.They only managed to raise under $400,000, well short of the $5 million they were targeting. That's a massive shortfall.At this rate, without an urgent capital injection, they'll struggle to keep the lights on by the end of the quarter. If they don't sell their IDSB business, then their only option might be high-risk, high-cost funding. Basically loan-shark territory.
OVT’s Progress: Why Shareholders Should Be Watching Very Closely, page-5
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $25.64M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $11.40K | 1.632M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 48223431 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 5420437 | 6 |
View Market Depth
| Last trade - 10.53am 29/07/2025 (20 minute delay) ? |
| OVT (ASX) Chart |