I am disappointed. 199 K revenue in 6 months. My own forecast (or assumption)was 1.5 million for the full year. At this rate they will not achieve that! Will sit tight for now and see what happens in 2020
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Good news indeed, bought a few more today!
Another runup today
https://hotcopper.com.au/attachments...019162f323a202
own
One of a very few of my stocks to run up today.
https://dentalsleeppractice.com/product-reviews/the-oventus-o2vent-optima-nylon-appliance
Ann: Oventus $4.65m Share Placement and $2m SPP
Sold half in my big selldown of stocks on 4th feb. ATM im leaning to taking up my SPP.Carrot is a one for two option. They do have a genuine alternative to CPAP and CPAP thought to be a possible spreader of Covid atm although im not putting much store in that one myself. Qrtly disappointing but Covid hasn't helped.
Ann: Oventus Investor Presentation
As a snorer I like the Oventus concept, as an investor I will take up the SPP. I am looking past Covid.
I'm not convinced many will shift from CPAP spreading covid either. But the issue is generating great publicity for OVN, and that's crucial for them at this stage.
https://us02web.zoom.us/rec/play/uME...6lKBXjR8oAhwYI
20 min presentation by Chris Hart
Financials - Receipts from customers for the last 3 months was only 78K (he said covid crisis delayed payments!). Staff cost 5-6 million per year. Cash burn is 2 million per quarter. The next few quarters will be crucial
I will be taking part in the SPP
Yes it will .The lead time to revenue and meeting quotas is pretty lengthy and its not that clear to me what will land when.Also im bearish about mkts so have applied for a lesser amount then i would otherwise.
Thanks for that 4th may announcement
heres a real fresh one sent to me by a friend. Very good marketing by our man.
https://www.proactiveinvestors.com.a...nt-921394.html
Hi Joshua, I just sent off my Bpay application yesterday. If OVN can succeed or even go cash flow positive in the next year? Meanwhile I am happy to wait.
I'll send mine off tomorrow. I have a small holding and don't want to send off much more than I'll be allocated. They prospectus mentions that if it's overscribed it will be scaled "on a pro-rata basis" - would that mean relative to shares applied for or shares held - it's not specified in the document - does anyone know?
It is encouraging that the SP is holding above $.30 while the new shares will be issued at $.24. It may well be oversubscribed.
Not really in these insane mkt "rising tide lifts all boats" to use peats analogy yet again. Im applying for a minimal amount as between now and profitability when/if the mkts drop big again i may be offered a cheaper top up . I may miss the boat but thats what im comfortable with atm,protecting my asset gains is my main strategy atp. Im pretty risk averse and gun-shy atm and OVN is still in a pretty high risk race atm until its more accepted and takeup is consistent. Im no longer a young gun whose into risk/reward situs and dont want to end up with an old fool moniker.:)