OPY 0.00% 19.5¢ openpay group ltd

Ann: S&P DJI Announces March 2022 Quarterly Rebalance, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,254 Posts.
    lightbulb Created with Sketch. 893
    Problem with holders is they can't see the likely reality:
    - no US progress is probably due to failure to utilise facilities due to market capitalisation concerns
    - the only way to raise more capital is with further dilution and lack of proactive planning could see the end for Openpay. Cash will run dry in a few months from now and silence is killing shareholders.
    - substantial holders see the writing on the wall and are exiting with say 20 cents in the dollar rather than wait for a possible suspension of trading
    - a merger will further dilute shareholders and will compound the current survival problem

    I'm sorry if I can't see any positives, but mismanagement is the key reason we're here.
    Last edited by prosperity: 11/03/22
 
watchlist Created with Sketch. Add OPY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.