How about "flogging a dead horse" then. ( There are some that believe if you flog a dead horse hard enough it will miraculously move)
You have summed up the position well.
1. The largest shareholders are in control.
2. Little liquidity.
3. Expensive debt .
4. Management is working to service debt.
5. The SP is going nowhere. ( though history would suggest down ).
Follow the money - check out management salaries and lenders of the expensive debt.
I guess they have been the only ones making money.
If someone who still has shares in this wants out and sells for the 1/10th of a cent per share on offer it could be the final nail?
News: IVT Inventis Says Ivt Company Sales To 31 March 24 Ytd -12.5% YoY, page-4
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.063M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 322550 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 489044 | 1 |
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| Last trade - 16.12pm 03/10/2024 (20 minute delay) ? |
| IVT (ASX) Chart |
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