They were spending $1M per week on team and trying to evolve their tech, that amount isn’t sustainable. Also trying to cap raise in this environment to the amount they requested didn’t work.
Difference with NOV is- they have an established base with an existing client base, 360 degree payments model, acquiring platforms and international exposure, also the team is already employed and the total business doesn’t burn remotely close to that. In fact, removing the bank team would almost put Nov cash flow positive, we’re already paying for banking staff for no return.
all the heavy lifting is complete, Volt were building from scratch and not existing.
- Forums
- ASX - By Stock
- NOV
- Novatti - The $1 party
Novatti - The $1 party, page-3374
-
-
- There are more pages in this discussion • 1,182 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NOV (ASX) to my watchlist
|
|||||
Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $13.51M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.7¢ | $1.152K | 30.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 103287 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 532 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 103287 | 0.038 |
2 | 57437 | 0.037 |
1 | 52125 | 0.036 |
1 | 400000 | 0.035 |
2 | 38411 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 532 | 1 |
0.040 | 12430 | 2 |
0.041 | 75853 | 3 |
0.042 | 15919 | 1 |
0.043 | 20000 | 1 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
Featured News
NOV (ASX) Chart |