Another bit of a bounce today. At least they confirmed there is nothing to see here. Still exiting the UK. How many million $$ was wasted on that adventure??!!
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No, its just part of the BNPL sector that have all risen this week, ZIP, OPY, HUM, LBY, SZL. Could of bought ZIP at 45c last week and OPY at 12c.
what happens when the guts drops out of the sector again ? :)
I think I'll wait until some of these players become low priced roadkill again before looking ;)
Trading halt
Exit UK? / announcing a profit?
Where else are they listed apart from on ASX ?
Nowhere.
Most likely delisting in order to reduce costs in which case this is a precursor to a shareholder vote announcement. Other possibility is that there's a take private offer, but you wouldn't announce the de-listing first, you'd announce the offer after which a de-listing is a consequence. Even if they'd hit the wall it would be appointment of receivers following which a de-listing would be a potential outcome.
Where this leaves holders though ¯\_(ツ)_/¯.
truly outrageous
Next step .. how about sell the job off to friends & family around a small table at a discount ? ;)
Vendor Finance available on request .. ;)
That's happened before on ASX - the small Sex Toy Retailing outfit that morphed into US Uranium prospector :)
ASX: DLC - Delecta from memory it was :)