Australia's largest stock trading and investment forum Australia's #1 stock forum

OVT

Click for more information

14.3%

0.3¢ ovanti limited

Ann: March Quarterly Activities Report, page-245

First 245 Last

Share
Profile

Follow
Ryzie

3,795 Posts.

1980

03/05/22

11:27

Post #: 61168106
Share

Originally posted by Ryzie: ↑

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?

Expand

This is listing rule 12.2 under the section, "Ongoing Requirements".

It's fair to say that the liabilities are outweighing the current cash on the balance sheet. I'm wondering how long it's going to take the ASX to ask some questions of management.

IOU Price at posting: 11.3¢ Sentiment: Hold Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

RCE

Recce progresses testing of gel to treat bacterial skin infections

AHK

Ark Mines provides strategic update following mining lease submission

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

There are more pages in this discussion • 157 more messages in this thread...

First 245 Last

Add OVT (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(14.3%)		Mkt cap ! $4.669M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$6.802K	2.100M

Buyers (Bids)

No.	Vol.	Price($)
37	32371953	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	14481514	4

View Market Depth

No.	Vol.	Price($)
37	32371953	0.003
31	22148636	0.002
16	46752300	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	14481514	4
0.005	11522053	15
0.006	5854703	12
0.007	2482506	7
0.008	1175000	3

Last trade - 16.10pm 09/10/2024 (20 minute delay)

OVT (ASX) Chart

SPONSORED BY