I’m holding out of desperation. I’m one of the 100+k, praying...

First 32 Last

Share
Profile

Follow
orejon

133 Posts.

13

15/03/22

21:26

Post #: 60210835
Share

Originally posted by mrspeculator: ↑

Good question. From the very start, very few posters were downrampers and I believed in the business model. At the time, Prosperity was even gung-ho on it. I became suspicious when the August 2020 report came out detailing high costs. I ignored it and piled more in.
It continued falling and I thought the market was wrong and I was right. Little changed and bad debts stayed too high as well as overheads.
When the US announcement came, I thought a turn-around was due, but I should have sold then. I didn't. The Pay Assist announcement came after that... and that was it. It just continued in its unrelenting slide.
We all laughed and taunted Prosperity, but what he predicted came to pass.
A pro BNPL YouTuber said there would be a turn around, but it hasn't come. I commented (at $1.20) to him that OPY would sink back to 0.32. I was only joking, but that punchline was real.
So now? It's nothing short of a disaster. There is nothing concrete coming out of the US venture and the CEO is getting a hefty salary... say no more. They're running out of cash and another cap raise is almost impossible. You only need to look at Z1P & SZL to see how desperate things are.
My next prediction is OPY will be where LBY is. Sub 10c. Instos and retail investors jumped in at $2.04 and have seen their investment evaporate, and many are already out.
Hit 31c today. These jokes just aren't funny anymore.
I'm cooked a little over $10K on this, but many others are out of pocket $100K+

So, same question reversed, why are you still holding?

Expand

I’m holding out of desperation. I’m one of the 100+k, praying that will reverse. With interest rates getting higher to content increase inflation, I just can’t see a good ending in short/medium term. I’m selling short portions of stocks to gain some liquidity and pay some bills but holding as much I can and hope for the reverse to happen. That’s all my arguments mate

OPY Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Failure to report prompts ASX to impose multiple company suspensions

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

LU7

Strong PFS numbers solidify Lithium Universe's big plans for Québec

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

IRE

Iress runs 'hot' for Wealth Within's stock tips