The truth will be revealed by end of July when next quarterly has to be presented. They need the accountants to sign off on it. To do that they must have money in the bank for forward commitments. Based on last quarterly and what they have raised, they will have nothing by end of June, so something has to happen between now and when the quarterly is presented. What will that be? I have no idea.
Uptake of rights issue? Doubt it with current SP. Sale of IDSB? Current buyer looks like they don't have the money. Anyone new would not be buying before end of July. Court Cases? Court case being held early June, but even if they in their favour and no appeal, would there be money coming before end of July?
Big dumping of late - can only be a large shareholder - and over 100M there are only 2 that I know of - so it kind of narrows the field.
I'll continue to watch and eat my popcorn and wait for the Netflix movie about OVT - should be a ripper!
OVT Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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