Ann: Appendix 4C - June 2018 quarter, page-9

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loaner007

711 Posts.

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25/07/18

22:10

Post #: 34564824
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Originally posted by Pumping ↑

Long termer you are! You've, we've, invested in a struggling business plan that is slowly transitioning to a profitable business with a huge potential. We might hold $10k of shares or $100k. Some might be underwater by more than 50%. It's a difficult hold because we are missing out on opportunity. $ need to make $.
On the other side of the coin our directors have dug a hole for themselves in that they have invested potentially nearly $2M of their own money, plus huge % shareholdings. I think the salient point is this group of directors/investors must corporately decide as a group to continue re-financing this business. And they do! They KNOW what the day to day business is doing. We don't, we only see the website and the appendix C every qtr. If this was just one investor I would be concerned that pride and too much money was influencing their investment descion.
The next 3 month period is difficult for long term holders though. I can't envisage any short term catalyst that will turn the trend around. Added to this is OLV is not prominent IMO on peoples watchlist. People who bought in the IPO at 20c got burnt bad, leaving our company tainted. This IMO is why the company has refrained from further cap raisings, and put their own funds in. It's also total illiquid.
I notice today that there's quite a number of shares for sale, but know they could be fake in this game we play. You decide.
I'm staying with what I have, but am continually troubled by the opportunity loss, when eyeing greener pastures. The ASX is full of miners waiting to find that strike, which for me, having no knowledge of the industry is just gambling. People say "follow the money" I am.
Good luck to us all. Pumping

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Yep put 10% of what l put into OLV into A2M the same day of their IPO go figure, HINDSIGHT a fantastic thing

OLV Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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