Ann: Non-Renounceable Rights Issue Offer, page-24

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Freedom8

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30/07/24

13:17

Post #: 74981551
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Originally posted by electrishman: ↑

I feel the board should cut ties with all connections prior to administration if they wish to uphold their reputation.

Clee should be dropped as the broker and a new firm should be approached to be a broker for any future capital raises.

As he was the one who raised the large amount for the previous board, it must be humiliating to see what has transpired. He and the other investors who put the money in, must've lost a fair bit and also how does it affect his reputation to those investors.

And to see the potential dumping of shares , as the share price goes down, becomes the broker again gets paid a percentage, and possibly more shares only to potentially dump them again and continually rinse repeat. Nice way for him to recoup his losses. What about the rest of the shareholders?

Also nice to have some form of inside knowledge of the financial goings of a company when a potential need of funds is going to happen. With that knowledge,know when to buy shares and when to sell them before any share price drop to get more for cheap.

It's not really in the best interest of the board or investors to have a broker who may do this. If he believed in the company and apparently fought to get the company out of administration, then maybe he would hold the shares long-term instead of using OVT as a play thing to buy and sell and raise capital and get paid and recoup his own losses if this actually happening.

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Once you are a scorpion forever u r scorpion....the saying goes...
.just like poker player will think..high risk high returns

OVT Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
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Ann: Non-Renounceable Rights Issue Offer, page-24

IRIS shows high purity spodumene can be produced from South Dakota's Beecher project

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

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Riversgold has rockchips boasting a holy trinity: gold, copper, and antimony. Can it move to drill?

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Ann: Non-Renounceable Rights Issue Offer, page-24

Top Stories

IRIS shows high purity spodumene can be produced from South Dakota's Beecher project

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

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Ark Mines provides strategic update following mining lease submission

Riversgold has rockchips boasting a holy trinity: gold, copper, and antimony. Can it move to drill?

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Featured News