OVT had $1.617M at 31 March.It repaid $944k in notes and raised...

OVT had $1.617M at 31 March.

It repaid $944k in notes and raised $368k in the entitlement offer.

That leaves ~$1.04M cash on hand.

(Source: ASX 4C – 30 Apr, Entitlement Completion – 6 May)

Burn rate last quarter: $3.95M

That’s ~$1.32M/month, so runway = just over 5 weeks from early May.

Which takes us to mid-to-late June.

Now, the part you and Ollie conveniently skip:

1. Keast and Greg are gone.
   CEO is now the Executive Chair — on zero extra pay.
   So yes, costs are already down.
   (Source: ASX 26 Feb)
2. 1.26 billion shortfall shares remain.
   That’s up to $5M they can place any time before 2 August.
   (Source: ASX 10 Apr)
3. BNPLPay deal gives them 50% revenue share on protocol activity — and access to low-cost funding with no first-loss capital required.
   (Source: ASX 12 Mar, 30 Apr)
4. IDSB sale still live — $14.3M to $15M expected.
   If that buyer drags their feet, Clee Capital steps in to sell it elsewhere.
   (Source: ASX 30 Apr)