NOV 4.08% 4.7¢ novatti group limited

By all means, but can I pose this to you. If the SP is 6c on the...

  1. 342 Posts.
    lightbulb Created with Sketch. 30
    By all means, but can I pose this to you. If the SP is 6c on the open market or less would you take up the spp? Imo you will essentially be giving your $$$ to Nov Direct. Do you think they are worth giving your $$ to, considering their history? For what purpose, as they have indicated, working capital! Please elaborate Nov!

    90 percent down should tell you something, I know it certainly does for me.

    secondly if they thought they would be cashflow positive by June and sustain some working capital from that date then what's the need for a cap raise? They know even if cash flow positive they will need $$ to pay for salaries etc after June as it won't self sustain due to the bod's digging a hole, that cannot be filled, which attributes to nothing more than greed to a point imo. Tell me what have they done for you since owning a slice? additionally look at the options strike price. Their confidence is doughnuts as a reflection of their own conviction on this stock going anywhere but south.
 
watchlist Created with Sketch. Add NOV (ASX) to my watchlist
(20min delay)
Last
4.7¢
Change
-0.002(4.08%)
Mkt cap ! $16.72M
Open High Low Value Volume
4.9¢ 4.9¢ 4.7¢ $7.198K 149.2K

Buyers (Bids)

No. Vol. Price($)
2 132138 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 80446 1
View Market Depth
Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
Last
4.8¢
  Change
-0.002 ( 4.00 %)
Open High Low Volume
4.8¢ 4.8¢ 4.7¢ 102556
Last updated 15.49pm 27/05/2024 ?
NOV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.