I've been busy but good news I've got good liquidity ready for when OLI relists. Knowing than 1% of Mcap is a 50k AUD buy, it'll be fun times for those with liquidity.
Now we can guess some things that we didn't know before.Here is what I think.
There are 2 scenarios:
a- Previous management really stuffed up.
-Previous management have made so many mistakes, the truck, opening stores that are not viable, and probably more than we don't know about, OLI would have indeed skeletons in the closet, which are problematic. We can deduct that as a possibility from the fact the yearly took a lot more time to come out. That'd include the new management having to clean out the accounts, make sure it's squeaky clean.
-Because of that all new activity is profitable, and OLI is safe, however, the market won't like those new bad news, and extra debt or whatever could be discovered.
-Depending on the amount that needs to be written off, it'll drive the price down. This may be the catalyst to fill the gap to 2.2c.
b -The second scenario : current management is struggling
-They could struggle because there was too much of a mess, or struggle for other reasons, but the delay is on them.
I think the way the announcement is written, it's clear that they are very competent, found stuff that is bad news, and needed to clean it up, because that's what you do.
I read in there, like many here, that there are things of the past, that will not be good news.
So the question is - How much are those bad news? - And can OLI keep the cash flow positive momentum in order to get a year in profit in 2020.
I believe so, but that uncertainty will be punished at re-listing, and that's when I'll load up again, because I believe with current management and vision OLI is a profitable business, and the previous teams stuffed up. It's my opinion I could be wrong.
So long term holder. Be ready, don't panic. Unless it's a business threatening issue being announced. For the other people, sending their wives to troll the AGM with their "scary questions" so scary that "a reporter once wrote about it", it shows a lot about the trauma that some have experienced during this downswing. You can't make this stuff up, however, they are useful: in a market, we need people selling when we are buying.
So concerning news, probably not good news, probably will be sanctioned, this shows how close we've been to the edge and explains the urgency and tone used in all new management communications.
Let's see. For experienced traders/ investors only. I'll be down there waiting in case it drops.
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I've been busy but good news I've got good liquidity ready for...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.866M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 599982 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 261222 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 599982 | 0.008 |
1 | 1282465 | 0.007 |
1 | 2000000 | 0.006 |
2 | 900000 | 0.005 |
2 | 3250000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 261222 | 2 |
0.011 | 1300000 | 2 |
0.015 | 300000 | 1 |
0.017 | 11105 | 1 |
0.019 | 52684 | 1 |
Last trade - 16.21pm 16/09/2025 (20 minute delay) ? |
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