There are numerous who have mid 5 figures or more invested with averages of 10 cents plus, right here in this here HC thread. It could be worse.
Realise that there are two things here. First, the ASX listed company and its shares, currently being.. finagled? By big boys. They can do big transactions and so they can shift sentiment.
However, it is also the case that there appears to be something actually legitimate going on. It doesn't seem particularly likely to me that people of Keasts caliber sign up for something without due diligence. There are too many actually talented people and players involved. They have more money in hand currently than most fintech startups.
With that in mind, if there is an announcement that these players have exited, sell immediately. Not financial advise DYOR etc etc. But, ultimately, chill for now.
Buy volume has dropped recently IMO because the register has run out of shares that can sell at a profit for 2 cents. That's good news. Next time we get positive news and therefore buy volume, the price will increase.
(Purely speculative, but the finagling action especially the way it appears the price is kept at this level to me indicates a high degree of confidence from the top end of town in this stock. They don't play to lose, do they?)
OVT Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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