Cash holdings are ~$9M less 2 months cash burn.- they can't stay...

Cash holdings are ~$9M less 2 months cash burn.
- they can't stay with negative net assets as covenants will be breached. The fact that debt funding is prohibitive suggests Openpay is on its last legs. The Sep22 quarterly will show you how dire the situation is. They had to take every cent in the SPP as they knew funds were too low to survive.
- cash received post balance sheet date was used to pay down some facilities
- I reckon the audit opinion will be qualified as there is no way a reasonable person can see this business survive for 12 months with current cash holdings
- the only shining light is OpyPro with $0.8M revenue (1% of FY22 losses)