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5.66%

5.6¢ novatti group limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-28

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flashlover

424 Posts.

48

08/02/22

16:07

Post #: 59435734
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Originally posted by Tradingasx: ↑

the costs are associated with the employment of 64 more team members to the Novatti business.
They’ve increased from 64 to 132 currently- this also includes new banking executives from multiple different banking companies.
The difference is we know what the costs are associated too rather than guess work. I’d rather have a bigger team to increase the TTV than have the same team squeezing a smaller footprint on expansion.

In addition there have been licensing fees and COB with new markets in Malaysia, Thailand & others.
Acquisition costs of acquiring a business comes at an expense and is time consuming in the process. This would have been in this also.

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I am saying "cash burn ratio is actually reducing" is not correct and not foresee cash flow could be positive in a few more quarters.

Your explanation strongly proves and supports my points. Thank you.

NOV Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.6¢		Change 0.003(5.66%)		Mkt cap ! $19.92M

Open	High	Low	Value	Volume
5.3¢	5.7¢	5.3¢	$4.848K	88.41K

Buyers (Bids)

No.	Vol.	Price($)
1	1102	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	39961	1

View Market Depth

No.	Vol.	Price($)
1	1102	0.054
1	12000	0.053
1	4801	0.052
1	20018	0.050
1	50000	0.049

Price($)	Vol.	No.
0.057	39961	1
0.060	136837	2
0.070	100000	1
0.076	72036	1
0.079	38325	1

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