Always good to see management participate on market. At a minimum it tells the market that they are willing to put their capital at risk on market along side those shareholders that support the business.
Encouraged by the pick up in volume and willingness to take out the offer. Looks as though one of the larger positions is being taken out on market. Next stop technically is 4.5c at the 200 day MA. Once this is cleared, it should start to open up back to the 6.5c level. With circa $8k of stock on the offer back to the 200 day MA, it's not going to take much for the share price to get going from here.
Iam looking forward to the quarterly being released and i doubt it will be released at the end of next month. My guess is if the story to tell is a continuation of last quarter and the half yearly results, the business will want to come to market sooner rather than later to show that the business momentum + revenue uplift is continuing.
CVT Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
