CVT 0.00% 1.5¢ covata limited

Ann: Q4 FY2016 Conference Call - Transcript-CVT.AX, page-31

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  1. 1,673 Posts.
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    Ahhh yee have little faith.....

    The share price is out of our control. If TT and the team can deliver on the 'short term' milestones they have mentioned, value will be created for the company and the market will ascribe a higher value. I honestly think the 'Prime Tender' contract will be a game changer for CVT and will break the back in the share price. It's not a matter of if, but when this will be signed off and details will come to market.

    I think it's a positive for TT to relocate back to Sydney. The local insto funds will appreciate having better access to him and we should see great awareness domestically for CVT as a result.

    In the short term it is a little perplexing as to who is sitting on the stock at these levels with circa 2mil shares on the offer from here to 23c.

    As to the post earlier from @burstj in regards to management and board not supporting the stock, do you actually know how much equity TT, senior management and the board actually own? As to them stepping in the market and buying at current levels, that's a matter for them personally and the restrictions around insider information.
 
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