This share is at 35.5 cents after seeing highs of $4.98 some time ago. That is over a 90% fall from grace. I can't see how Openpay would avoid administration? - How much money is saved from removing its UK presence? - The big issue with the UK is bad debts and they are massive. Why would you pay 3% to a finance company when you lose 6% of TTV? I need to understand how savings will be realised in this market. - The US launch at scale is taking way too long. How can you trust such business talk when there is no profit to report. - Say Openpay survives and raises $50M at 25 cents per share. That's another 200 million shares on issue and massive dilution to the register. Think about the shareholders that bought at $4 and their chances of ever making a profit with 330 million shares on the register. It would be suicide raising any capital below $2 per share.
OPY Price at posting:
35.5¢ Sentiment: Sell Disclosure: Held
