Unfortunately (for them) it simply boils down to the fact they have a poor business for the business model they are pursuing.
Times and markets have changed.
Their announcement highlights a total failure to understand their plight with no references to the clump of items that prosperity rightly flagged.
There is no way out of the mess.
News: OPY Openpay Upsizes Existing A$25 Mln Corporate Debt Facility, page-100
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