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19.5¢ openpay group ltd

Trading unlikely to resume.Shareholders will see...

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9,207 Posts.

862

06/02/23

09:28

Post #: 66086445
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Originally posted by mrspeculator: ↑

The timing is suspiciously telling of an impending disaster.
The ink had hardly dried on the latest quarterly figures when the trading halt was issued, followed immediately by the suspension in trading, albeit voluntary.
One can draw the irrefutable conclusion that Meydan had his people look over the figures and saw mostly dead horses. He's thus pulled out, and obviously by the wording of the suspension, trying to get him to turn the money tap back on.
My guess is Meydan will either pull out, in which case OPY will sputter along for a while before dying on the side of the road, or he'll attach conditions to further funding.
There's little chance of a take over I think because nobody wants this dead duck. If Meydan takes it private, forget you own the stock. Either way, I believe a massive sell off may occur IF it ever resumes trading.

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Trading unlikely to resume.
Shareholders will see nothing.
Write-off time.

Lies after lies have been perpetuated.
This will soon be a shell worth nothing.

OPY Price at posting: 19.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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