Short Term Trading Week Starting: 12 August, page-39

Hi all,

Some of you may have seen this before but I wanted a bit of insight from the STT brain trust on what I may be missing and things that could bite me on this - e.g. opportunity cost of having money held up in the same position for 6 months with no movement. Some crucial research that I am missing etc.

Here's the situation
Larry Diamond

Peter Los

Philip Crutchfield

Paul Chapman

Notice of initial Substantial Holder notice x 5

https://www.asx.com.au/asxpdf/20190417/pdf/444cqqwk971zhr.pdf

All of these guys brought into the mining shell company (RRE) that became ZIP Money (approx 1 billion mc)

Nvoi (ASX:NVO) is basically a tech shell company market cap of around $12million – they threw out the old board members and the Zip guys came in and acquired approx. 30% of the company between them. I can’t see why they would all be buying in to this company if it wasn’t for a good reason i.e. they plan to announce an acquisition in the next few months.

Everything is pointing to them doing it again with this company.

FYI: the charts below are by @jap356 - big thank you to him.

Just so you are all aware, I have been building a holding in this stock for the past few months. Not sprucing it here, i'm sure a few $1,000 parcels from the STT threads won't move the price much... I am just hoping to get some feedback on this investment. Thanks all!