ZIP 1.45% $1.70 zip co limited..

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  1. 13,085 Posts.
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    Don’t worry -

    they have the delta hedge -

    fueled by the directors remaining shares loaned out for shorting after permission to indulge in a big sale at great prices

    lucky the owners had the support of the sub committee they appointed that rubber stamped the deal- to sell out and loan out remaining shares to manage the —— delta hedge

    what a croc -

    can’t understand why no legal action hasn’t begun -

    the share price has gone exactly as expected after that deal ——delta down

    the ability to come up with such a ridiculous deal imo should also be closed - regulators should be questioned about something that was obviously going to pretty much destroy value imo
 
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