OPY 0.00% 19.5¢ openpay group ltd

Ann: Successful $67.5m funding package to accelerate OPY growth, page-41

  1. 9,252 Posts.
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    Management doesn't care for us. Who does a deal at a 16% discount when it can be done for a 45% premium? Any shareholder that approves the issue to directors doesn't understand the implications:
    - adds more shares on issue (dilutes your existing holding by 16%)
    - adds overhang for a long period of time
    - gives OPY more runway to survive, but it is funding a black hole that always needs funds as the model is unprofitable
    - they can pay more staff at our expense and sell a dream to brainwashed shareholders
    Last edited by prosperity: 04/04/21
 
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