ZEO 2.94% 3.3¢ zeotech limited

Why LCR?, page-6

  1. 3,104 Posts.
    I can help you with that. However please do your own research prior to buying.

    Firstly the new directors are the ones who forced the old director out and sold all the assessts and turned this into a pure shell play awaiting a new business.

    Secondly the directors loaded up shares on the cheap at 0.001 and 0.002.

    Thirdly the share price has been at 0.001 -0004 for about a good 2 year maybe more.

    Fourthly the recent buying action. Has broken the 0.004 resistance making 0.005 support or a good entry level.

    And lastly extract from last qtrly report

    1. The Company is actively seeking potential new project opportunities, including possible investment opportunities outside of the Company’s existing principal activity of mineral exploration. Dependant on the nature and scale of any investment, the Company may be required, pursuant to ASX Listing Rules, to obtain shareholder approval to any transaction and to re-comply with the admission requirements set out in Chapters 1 and 2 of the ASX Listing Rules.

      As part of this process of reviewing new project opportunities, the Company has been in ongoing discussion with a group in the health and nutrition sector which has the potential for worldwide distribution, including sales distribution into China.

      These discussions are incomplete and subject to final negotiation and agreement on terms and consideration, including preliminary due diligence.

      With the resurgence of interest in the resource sector, the Company is also entertaining potential mineral exploration transactions.
    Last edited by TTTTiger: 10/05/16
 
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3.3¢
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3.4¢ 3.4¢ 3.3¢ $12.38K 374.9K

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2 358590 3.3¢
 

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Price($) Vol. No.
3.5¢ 546322 2
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