OVT 6.25% 1.5¢ ovanti limited

Doesn't explain why they didn't attempt to raise capital at 12c...

  1. 3,795 Posts.
    lightbulb Created with Sketch. 1980
    Doesn't explain why they didn't attempt to raise capital at 12c before the share price tanked. I don't have an issue with not being able to secure a funding facility. That's understandable, more customers needed to make it worthwhile for a funder, makes sense. I also don't particularly dislike the IDSB acquisition. I think there's merits for and against it. What I do have an issue with is, if you're going to make big moves like this you've gotta execute. Have a plan b.

    This is actually what I was expecting, a plan b. The quarterly activities statement left a lot unexplained. Doesn't mean that it's the end of the road but there's a big question mark over what's happening particularly when there's no wiggle room, cash has been used. What now?
 
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