OVT 13.9% 4.1¢ ovanti limited

Ann: March Quarterly Activities Report, page-276

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,795 Posts.
    lightbulb Created with Sketch. 1980
    I think it's fair to say that the share price has never really been a motivating factor. They were just fortunate to stumble into the $50m raise. I don't think they went looking for it and unfortunately it seems that management perhaps weren't capable of allocating this amount of capital effectively.

    Much like the person that wins lottery, it's not long before they use up the winnings and return back to the way they were living before they won. I guess the difference here is that they have made some lasting impact in terms of building the business out. They just need to figure out how to make it sustainable from here.

    It's generally in failure that the best lessons are learned however it's not ideal when it's also at the expense of share holders.
 
watchlist Created with Sketch. Add OVT (ASX) to my watchlist
(20min delay)
Last
4.1¢
Change
0.005(13.9%)
Mkt cap ! $83.23M
Open High Low Value Volume
3.5¢ 4.4¢ 3.4¢ $4.062M 104.3M

Buyers (Bids)

No. Vol. Price($)
8 1562346 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 390000 2
View Market Depth
Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
OVT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.