Imagine the investment company getting 100 million shares at 20 cents per share to inject $20M to keep the lights on. Existing shareholders diluted and then the $20M consumed in the matter of months.
The dilution spiral never ends. It's simply accept a dud deal like that or turn the lights off.
Perfect day to short today.
Ann: Openpay Q3 FY22 Trading Update, page-15
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