Ann: Security Purchase Plan, page-86

$1.70 - $1.80 will not be the bottom. If it gets down there, it will be on the way down. It will likely fall below $2 tomorrow, and then a lot of the remaining retail holders will bail out, pushing it further down, possibly even below the float price.
I've said this many times: the market doesn't like the cash burn and bad debts of OPY at present, and it is this reason it has run down from $4.70 in August last year to where it is now. To make matters worse, this capital raising is at a price well below the last one, and management must be panicking, especially now that investors can get in below the SPP.
Until this is adressed, OPY will continue to slide. OPY is not just facing a medium term capital crisis, but a confidence one. Management is currently a disgrace.