Don't worry, they'll all go bankrupt at this rate. Lack of transparency is killing investors in this space. They have taken innocent shareholders for a ride for too long. 1. Payment Assist acquisition will lead to more dilution at these basement prices. Existing placement participants can nurse losses for years. 2. US launch appears to be a dud. Not a word from management on take up or expansion at scale. 3. All the business partnerships don't make OPY jack squat. They probably add to their net losses. I would like to see the profitability of Opy business being reported to the market. But management won't tell us.
The acceleration downwards has been fast and is gaining momentum. Management seem to have nothing to derail an increasing confident consortium of shorters.
OPY Price at posting:
83.0¢ Sentiment: Sell Disclosure: Held
