OPY 0.00% 19.5¢ openpay group ltd

IPO - Openpay Group Ltd, page-333

  1. 1,922 Posts.
    lightbulb Created with Sketch. 396
    @Dutchie9191 you are right P146 of the prospectus sets out the table of escrows. I read that but got sucked into thinking the "other shareholders" were still escrowed because their holding of 5m shares is listed under the heading "escrowed shares" the trick is they do not show any term for the escrow - thats a bit cryptic!! I need to slow my reading down to pick up that sort of thing. I think you are right those "others" appear to be a few early angel friends who helped get it to this point. I notice another earlier poster mentioned that Openpay is targeting a more established financially responsible group of buyers - true - they are but you do need to take note of the already existing bad debt rate. I am an ex-financier and was involved with personal loans and hire purchase and if our company bad debts were that high I would have lost my managerial position very quickly. IMO maybe its acceptable in todays world - maybe I am a Luddite when I say that i am not happy with that.
 
watchlist Created with Sketch. Add OPY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.