rubbish stock, page-24

In terms of folding, OPY has a little bit of runway.
- They have some significant facilities particularly in the US that can be used to prop up the business. Sometimes it's better to pay the interest rather than dilute the register.
- I can imagine the $32M cash will dwindle slowly as management uses their facilities to pay their operating expenditure.
- If bad debts stay under control, then the company will have revenue to run its Opex. At $1B TTV, revenue could be $70M and bad debts $20M. That is $50M to pay its costs and it would be on the path to a profitable future. I still think they need $2B TTV to make a profit and would need revenue margin of about 8%.