QS Research · Michael Burry's Scion Capital analyst template · 2006
OpenPayd Global Holdings Ltd (OP)
As of 2026-11-09 · 4/15 boxes filled from SEC filings and market data
Conclusion: WATCH
Conviction low · base case none · downside 0% · upside 0%
The file has no current TTM revenue, net income, operating cash flow, net cash/debt or share count, so under SECULAR mode there is no defensible base, downside or upside value; the only price is a stale $1.38 close on 2025-11-14. The operating record present is weak at the common level (Q1 2024 net loss $1.3m; net loss to common $1.7m) and the July 2025 $18.0m unit offering at $1.64 adds warrant overhang above the last price. The 2024 Sphinx/Economou support agreement and Baltimore charter are dated positives, but they are old, and Baltimore was simultaneously being sold. This is a watch: potentially interesting if current financials show earnings power and the overhang clears, but not a long or short without a valuation base.
Key numbers
- Share price: $1.38
The 15 boxes
- ○ 1. Long-form business notes
- ○ 2. Competitive advantage
- ○ 3. 10-Q takeaways
- ○ 4. Corporate governance
- ○ 5. Overview of the prior 3 years of 8-K filings
- ✓ 6. Other significant filings
Filled; members read this box.
- ○ 7. Chronology of significant news and events
- ○ 8. Comparables valuation interpretation
- ○ 9. Insider trading interpretation
- ○ 10. Earnings-call notes
- ○ 11. Impression of the shareholder letter
- ○ 12. Scuttlebutt overview
- ✓ 13. Valuation and risk/reward summary
Filled; members read this box.
- ✓ 14. Current price suppression and potential catalysts
Filled; members read this box.
- ✓ 15. Conclusions
The call above.
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