Ha..Light volume after short pullback. ASX & Chi-x, 215k and 143k, hardly a sign of a trend reversal more like a pause in the upward trend IMO. There was not much to buy as it appears a lot of holders prepared to hang on for more consolidating news. The value add of the acquisition of CipherPoint introduced to market mid month with CVT shares offered at the higher of 4.5c or 5 days Vwap whichever was the higher which was accepted at 8.18c value for each CVT Ordinary share with a voluntary escrow for a period of 12 months. The increased price may well be in some part because of the value placed on the CipherPoint addition itself.
In any case as @13th has said a higher price helps decrease dilution at each stage. Someone else said the next stage contribution at say and I would agree with @whatdot, 15c+would a more valuable contribution for the future if the upward trend can continue moving forward with the method improvement of the core Data Security Platform SafeShare and the acquisition US based CipherPoint to give it a good crack in the Industry with global government interest.
I don't want to appear up-ramping just trying to bring some facts to the table. Personally I would rather see slow increases at present rather than a gung-ho charge as we wait for the build up of news so we can nut it out. Microsoft is mentioned a bit, interesting but hard to get a handle on things at the moment. Anyway, Morning star have upped there rating on Nabtrade again after short pull-back with an undervalued rating over 10c. Still charts well so see what happens and Friday's sells were very low on ASX and Chi-x so may see a pick up this week. GLAH
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CVT Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
