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12:06
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Originally posted by Ollie3039:
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Fair question. I like discussing finances, especially when the numbers tell a clear story. OVT’s latest 4C shows heavy cash burn with just 0.41 quarters of funding left. Even after a $5 million capital raise that fell short by $4.6 million, the runway only extended by 0.10 of a quarter. At the current burn rate, they’re on track to run out of cash within a week or two. That’s not an opinion, it’s what the data shows. This isn’t about holding the stock, it’s about highlighting real financial risk and the market’s lack of confidence. If there’s a solid counterpoint, make it. But don’t get caught up in personal attacks just because the facts are uncomfortable.
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Aussie and Jubs want to sell off their stock to unaware punters, sucking them in with chatGPT slop which has no relevance to OVT.@AussieHopper
(20min delay)