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19.5¢ openpay group ltd

wow war has started in Europe, ten of billions have been wipe...

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trick248

149 Posts.

21

24/02/22

18:25

Post #: 59801552
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Originally posted by prosperity: ↑

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.

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wow war has started in Europe, ten of billions have been wipe off the markets and your still at it down ramping and attacking OPY with gusto

OPY Price at posting: 35.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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