Short Term Trading Weekend Lounge : 20 -22 Jan, page-125

  1. 257 Posts.
    lightbulb Created with Sketch. 9
    Hi Dazzle,

    Zyber seems to have been proven unsaleable and so now it is just a shell play. DUO vended in Zyber, along with a new highly spruiked CEO, an expensive sales team and a share consolidation. It then lost it's CEO and recruited a newer and supposedly more vibrant CEO who liked to talk the talk on social media and said the product was ready to sell. Still no sales though and he moved on, yet to be replaced. All through this they burned cash and the SP dived continually.

    Recently they announced that they have divested the sales experts and so now they are set up perfectly as a clean shell again. One of the quickest transformations I've seen from shell to vend in and back to shell.

    Good luck with the tip, I've nabbed a small parcel of the oppies - ZYBOA with strike price of 1.2c and exp of 31st Oct 2019, seems good leverage if the move continues. Hoping for a better RTO this time around.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.