OVT 0.00% 4.1¢ ovanti limited

Ovanti Limited

  1. 34 Posts.
    lightbulb Created with Sketch. 45
    Ovanti Group
    Shares on issue - 1,118,325,484
    Share price - 4.1c
    Market Cap - $45M
    Cash on hand - $697k (as per last quarterly) + $830k from raise + $500k from most recent raise

    ABOUT
    Ovanti specializes in providing fintech and digital commerce software solutions and services to institutional customers. Their core technology platform facilitates secure authentication of end-usercustomers and processing of banking, purchase, and payment transactions.

    They offer services in Mobile Banking, Digital Payments, and Digital Services, catering to prominent banks in Malaysia and telecom companies and corporates in Malaysia and Indonesia. Their solutions enable large customer communities to connect with end-users via mobile devices and seamlessly integrate mobile technology into their existing business and customer offerings.

    They serve leading banks, insurers, telcos, and corporates in Malaysia and Indonesia through specialized divisions for Mobile Banking, Digital Payments, and Digital Services.

    The board continues to vigorously pursue any alleged misappropriation of shareholder funds prior to the current board appointment, with over $19M in funds still missing and currently being pursued.

    They are also in close engagement with the ASX and other regulators for the reinstatement of the company on the ASX in the short term, with all quarterlies and associated financial reportsup to date.

    https://hotcopper.com.au/data/attachments/6039/6039635-8c61c27df687adaeebdfa64aeaf52f3f.jpg
    https://hotcopper.com.au/data/attachments/6039/6039638-57b4b434769bafa00dc0354478107eb5.jpg

    - Efforts to recover misappropriated funds continue
    - Request for the lifting of suspension submitted in January, with re-listing imminent
    - Finran loan paid off previous quarter
    - All quarterlies + financial statements lodged
    - Board restructure complete
 
watchlist Created with Sketch. Add OVT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.