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72.0¢ advance zinctek limited

Ann: Annual Report to shareholders, page-32

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muppet100

337 Posts.

38

01/09/23

11:07

Post #: 69684159
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Originally posted by flobob: ↑

I would say that's not uncommon.
they have a single main product and have no clue about the demand.
they lost market share last year, had almost no growth (I think volume growth is negative) and still claim there is growth.
of course distributors say there is growth ahead in order to have supply on hand.
it was visible 2-3 years ago that growth is missing and that management doesn't know how to react. they kept blaming it on covid.
I still haven't seen any reasonable response by management on what they intend to do besides waiting for better times.
they simply hide and come up with the same nonsense over and over.

please stop with the interest free loans.
they paid a dividend and raised money shortly after.
now a dividend again and more dilution at a sub 50 million market cap.
the company gave Acton almost a million $ to buy shares at 3% interest to buy shares. that's ridiculous

PS: I still believe there is value. but it won't be realized until there is a new CEO. the bar is not high. we just need one that can write

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To much related party crap. Aren't they also doing business with Lev's sons company as well which also has no rev.

So many red flags but all ignored, bit annoyed, but didn't have a lot in this and exited today

ANO Price at posting: 81.0¢ Sentiment: Sell Disclosure: Not Held
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Last 72.0¢		Change 0.000(0.00%)		Mkt cap ! $44.96M

Open	High	Low	Value	Volume
72.0¢	72.0¢	72.0¢	$396	550

Buyers (Bids)

No.	Vol.	Price($)
1	15322	72.0¢

Sellers (Offers)

Price($)	Vol.	No.
76.0¢	480	1

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No.	Vol.	Price($)
1	15322	0.720
1	425	0.705
1	455	0.655
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.760	480	1
0.790	500	1
0.800	26001	1
1.050	15000	1
0.000	0	0

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