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2.0¢ oventus medical limited

You might be stuck in a time warp - the clarification came out...

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Vegantacos

1,513 Posts.

437

27/02/20

13:57

Post #: 43189811
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Originally posted by Blommer: ↑

I’m actually kind of lucky this clarification was only released today as I sold half my holdings yesterday partly because of the confusion it caused me over their business model.

I think with fears of recession growing there are some financing risks during this initial cash burn phase. Even assuming execution continues to carry out well, in a credit crunch environment the necessary future financing might come demanding higher returns - ie lower cap raise prices. So until it’s CFN this remains more highly leveraged to the general health of the economy. Not such a risk of failure imo, but risk of valuation. I’m kind of expecting continued subdued prices now until clarity emerges over the damage the virus has caused

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You might be stuck in a time warp - the clarification came out yesterday... They’ve built enough distribution with minimum commitments now to easily hit break even. Don’t see cash being an issue from this point forward.

OVN Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
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