OVT 14.3% 0.6¢ ovanti limited

Ann: Trading Halt, page-99

  1. 1,254 Posts.
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    The people on here claiming a capital raising is good should wait until the purposes is released.

    If they are raising capital to stay afloat (i.e. fund day-to-day operations), well the stock is going to get hammered.

    If they use the funds towards an acquisition or expansion/advertising, well it will still cop a beating, but not as bad.

    The problem is these business are cash burners, so we will see.
 
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