Money in the bank could could be used for R&D as you said. Also means they have a good cash position for potential acquisition that aligns with the business.
The business may have also been pursued by an institution to perform a cap raise as well. Give them a chance to take up a position in the company. I'm not a holder yet but would be interested to look into who managed the cap raise.
ZNO Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
