OVT ovanti limited

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Ann: Change of Director's Interest Notice x 2, page-23

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kevin103

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29/10/24

10:58

Post #: 76349698
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Originally posted by DanMachine: ↑

It's really not. If both Finran entities are proxies for the directors interest, transferring shares between them would not require an announcement.

Also, the shares held by Finran as of 21/10 would have been purchased at 1 cent. Explain the rationale for transferring at a higher price. They just enjoy paying tax? Seems unlikely.

It does say purchased off market, so one of the other large holders perhaps sold? Or then again, perhaps my original point a) was correct. The dates are 21, 25 and 28 of October but the announcement doesn't detail on which dates the transactions happened.

21/10 price opened at 4 cents, certainly possible that 45m shares were disposed of on that day especially given that the price closed at 2c on the following day.
22/10 the shortfall shares were issued
25/10 the price remained around 4 cents, so likely this would be the day that the 50m were purchased off market
28/10 the price had dipped, this would then be the day that 15m were purchased on market.

Kind of a positive for the company if shortfall shares were purchased at a higher price. If ALL shortfall shares were issued at this 2 cent price that makes it approximately an 8 million dollar cash injection. You'd think that would warrant an announcement? Who knows.

Also kind of a positive if the director is buying back in on the 28/10 at market rate.

Expand

LOL open your eyes.

Finran Pty Ltd -30,000,000 shares (198,303,816 shares down to 148,303,816 and then purchased 20,000,000 for ~3.5c to end at 168,303,816)

Finran Capital Management Pty Ltd +50,000,000 off market transfer from Finran Pty Ltd

And it is just really Daler and Josh is a nominee director of Finran and also a director of OVT

Last edited by kevin103: 29/10/24

OVT Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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Ann: Change of Director's Interest Notice x 2, page-23

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Ann: Change of Director's Interest Notice x 2, page-23

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