$148m will keep Z1p going for 15 minutes at the rate they lose money. Their losses reported in other markets is mind blowing.
I expect a manipulated 'rally' on open tomorrow, as is the case every CR season with Z1P. When you have a bunch of slimy banks and instos on your side, somehow, magically the SP peaks on such announcements (and magically Larry manages to sell within a few cents of the peak. TOTALLY just luck). After the fake rally, Z1P will dump bad. This is the nail in the coffin everyone was fearing.
Expect another CR very soon after this one. Z1P is the ASX' community service announcement on dilution education.
This company sells shares and flashy investor presentations. That's their business model.
SP to fall below 1.90 CR offer, page-13
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Last
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |