For those that don't understand the market: 1. Share price hit $4.98 and many thought this was undervalued. 2. Ever since the SP has tanked. Big corporations contributed large sums of money at $2.03. 3. Now their investment has lost 2/3, as we sit at $0.655. You can bet these companies won't tip more funds in unless they get a massive discount and they'll dump on market to recover any losses they've made. This makes OPY a disastrous investment for the long-termers, even if the business turns around. 4. Cash position is key and it looks like they're desperate for funds as they couldn't afford Payment Assist and have been extending their facilities. This quarterly won't help alleviate these concerns.
The question will be WHAT IS THE COST OF SURVIVAL?
OPY Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
