On February 29, 2024 Opyl announced an interim loss of $1.28m, up 106%.
Two weeks later, chairman Mark Ziirsen announced he was quitting.
Then, last Friday, Opyl revealed plans to divest the Opin division.
Given the dreadful interim result - and disclosure that Opin's cash burn is at least $70k a month - directors were obliged to take drastic action...either shutter the operation or find a buyer.
It seems that Dr Hugo Stephenson was the only one to put his hand up.
The more I think about the Opin dilemma, the more I understand the board decision to sell to Stephenson.
I don't want Opyl to announce a full year loss of $2m plus. And I don't want it to announce inevitable and on-going CRs.
No, the sooner it focusses on TrialKey, the sooner it can stem group losses and move towards profitability.
On February 29, 2024 Opyl announced an interim loss of $1.28m,...
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Last
2.6¢ |
Change
-0.004(13.3%) |
Mkt cap ! $4.439M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.6¢ | $5.694K | 212.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1611 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
2.6¢ |
Change
-0.004 ( 13.3 %) |
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| Open | High | Low | Volume | ||
| 2.7¢ | 2.7¢ | 2.6¢ | 158016 | ||
| Last updated 15.44pm 14/06/2024 ? | |||||
| OPL (ASX) Chart |