IVO 0.00% 0.9¢ invigor group limited

I'm not sure what your posts were, but pointing to facts which...

  1. 214 Posts.
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    I'm not sure what your posts were, but pointing to facts which are in the public domain should keep you within the guidelines. Some of those key facts as they relate to IVO are:

    1. They have accumulated losses of $22.3 million, even after eliminating all the previous losses of the companies previously operating under this ASX entity (https://www.invigorgroup.com/wp-content/uploads/2021/08/2021.08.31-HY2021-Financial-Report-Invigor-Group-Limted.pdf Page 12)
    2. They have invested $15 million into their technology over the years (https://www.invigorgroup.com/wp-content/uploads/2021/09/2021.09.09-Amended-Investor-Presentation.pdf Page 12) which only generated $1 million of gross revenue in the first six months of this calendar year (Page 15 same document)
    3. Despite being touted as a subscription business, their monthly cash receipts in their Appendix 4Cs are small and variable, in some months equating to $0.
    4. From their latest 4C, their cash receipts for August barely covered their interest bill, let alone their significant cost base
    5. In 2019 and 2020, their R&D tax credits have been larger than their operating revenues (https://www.invigorgroup.com/wp-content/uploads/2021/04/2021.04.30-31-December-2020-Annual-Report.pdf). But this is not a new start-up developing pre-revenue technology, this business has been trying to find a viable business model for the best part of a decade.
    6. Trading in their shares has been suspended for over one fifth of a decade.
    7. They are now seeking a fresh injection of $8 million (https://www.invigorgroup.com/wp-content/uploads/2021/10/2021.10.08-Capital-Raising-Term-Sheet.pdf) of which less than a quarter will actually be retained for "growth capital". How this growth will now eventuate after years of operating losses is summarised on page 17 with terms such as "extensive pipeline" and "expansion by data analytics extension / sector / geography" (https://www.invigorgroup.com/wp-content/uploads/2021/09/2021.09.09-Amended-Investor-Presentation.pdf)
    8. The balance will largely go to make whole creditors or lenders and staff who have been lending money to keep the business afloat.
    9. Existing shareholders will be diluted down to one seventh of the company, but the new investors providing cash will not even have a majority stake because of the conversion of debt and convertible notes into equity.
    10. Between the Investor Presentation released on 9 September (Page 18) and the Key Terms released on 8 October (Page 2), the Offer Price of the Placement has already dropped from 20 cents to 16 cents.
    11. The placement is not underwritten, and the announcement of the placement has now slipped beyond the date announced on 8 October

    The CEO seems like a genuine guy from the investor video but I struggle to see a genuine business growth opportunity here worth $8 million especially when saddled with the corporate entity.
 
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Currently unlisted public company.

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