Maybe the ASX has determined that the company wanted to totally destroy the current shareholders in their quest to RTO again just 1 year since telling everyone that they had a product that was better than Dropbox.
Maybe the ASX no longer trust ZYB after the disaster that was DUO/ZYB. They probably think they were fooled last time in letting ZYB list after the obvious lack of proper due diligence undertaken by the board previously.
ZYB is now sitting close to where it should be, which is at the previous raising price.
I'm glad the ASX has put a stop to the latest attempts to RTO this, as they did last year also, before Clay left the building. Make them work harder at getting the product marketable as they originally spruiked to those who put their trust in them. Don't let them off the hook lightly by burying their stuff ups and burning shareholders.
Just my opinion.
ZYB Price at posting:
0.6¢ Sentiment: None Disclosure: Held
