Gotta love perspective. 2c is cheap, but when compared to 0.004 it’s expensive lol.
On a side note, a new CEO can demand a higher SP simply by their presence alone if their credentials are top notch.
IMO this company ain’t worth 0.004 anymore due to the appointment of the new CEO given his ZIP US CFO experience.
Perfect example is the Starbucks SP. It was trading at $77 SP on the 12th AUG 2024. The new CEO got announced on the 13th AUG 2024 and the SP rose to a $95 SP and since then it’s been trading at around that range.
Reason why the SP rose is because their new CEO is well known for his transformative work at Chipotle.
Same concept can be applied here given the industry experience of the new CEO. This could still drop, but imo OVT Is now simply worth more due to who is at the helm. Results speak for themselves in the end, but given the news this isn’t the same company as it was 2 weeks ago, it’s borderline game changing.
They have a lot of work ahead of them, with many challenges to overcome, but if The Beast can’t do it then no one can.
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