Something tells me the next announcement will be a trading update to the effect that sales have picked up since the US launch and seasonal Black Friday and Christmas activity, however bad debts have risen, since they decided to take on risky customers for market share.
As a result of these decisions, they regrettably may need to ask for more capital, sending OpenPay into a dilution spiral.
Shareholders will take the apology and let management off in my opinion.
Let's see how good my clairvoyance skills are!
52 week lows at 74 cents as I speak.
News: OPY Openpay Upsizes Existing A$25 Mln Corporate Debt Facility, page-32
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