The actual risk of having lost control of the share registry is that if management don’t accept an offer, the shorts could potentially push this down to $6 and pin it there for pretty much as long as they like - then what happens in a year when it’s cap raise time? Zip is forced to to undertake a dreadful cap raise at $6 a share, causing even bigger dilution, more ammo for shorts, and the stock becomes even less attractive as a long-term hold. With so many shares loose on the market, and the company wholly reliant on cap raises for survival, Zip Execs are not in a particularly powerful position here. Take a look at what happened to Bellamy’s - they were never going to get major access to Chinese market without agreeing to TO - which was preceded by a combined delay in reg approvals and short attack. The result? TO at well below it’s previous ATH.
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Last
$2.55 |
Change
-0.070(2.67%) |
Mkt cap ! $3.329B |
Open | High | Low | Value | Volume |
$2.58 | $2.62 | $2.53 | $15.52M | 6.058M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9615 | $2.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.56 | 58215 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9615 | 2.550 |
9 | 37470 | 2.540 |
25 | 312715 | 2.530 |
15 | 130126 | 2.520 |
12 | 160267 | 2.510 |
Price($) | Vol. | No. |
---|---|---|
2.560 | 58215 | 6 |
2.570 | 118642 | 6 |
2.580 | 298108 | 7 |
2.590 | 173101 | 6 |
2.600 | 300214 | 11 |
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