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0.7¢ ovanti limited

DanMachine you are spot on! no CR required and the Co are too...

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Zingy

493 Posts.

75

25/08/22

12:31

Post #: 63317818
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Originally posted by DanMachine: ↑

Why do they need to do a CR?

They are in a good position to get a commercial funding source now.
Loaned 23 million, only lost 200k. They have 12 months of loan book performance data now for potential lenders to look at.

I doubt they will try to do another cap raise, they have already diluted enough.

If they actually wanted to do this they would have focused on growth - TTV- rather than bothering with IDSB.

So, if they eg wanted to just take BNPL to its limits they would have taken the entirety of the previous cap raise and maximised their TTV. Which we saw they could have done, look at their performance December/ January. Demand was there and they scaled back.

I know people here are personally invested in IOUs share price, obviously, but you can see - they don't answer to shareholders *at all*. They tell us what they think we need to know, but ultimately, it doesn't really appear they're trying to pump.

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DanMachine you are spot on!

no CR required and the Co are too busy building the runway to worry about the SP with all this rubbish spread around as a pump stock.

IOU are building a strong foundation for long term growth.

It’s that simple.

IOU Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $8.680M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$57.89K	8.270M

Buyers (Bids)

No.	Vol.	Price($)
1	57799	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	5255163	11

View Market Depth

No.	Vol.	Price($)
1	57799	0.007
21	6043477	0.006
19	17944906	0.005
6	3291870	0.004
5	6700000	0.003

Price($)	Vol.	No.
0.008	5255163	11
0.009	2195000	8
0.010	1732681	5
0.011	1090111	4
0.012	1914130	8

Last trade - 12.36pm 11/07/2024 (20 minute delay)

OVT (ASX) Chart