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:
- 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) - 1.26 billion shortfall shares remain.
That’s up to $5M they can place any time before 2 August.
(Source: ASX 10 Apr) - 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) - 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)
(20min delay)