Ann: Trading Halt, page-15

That’s what concerns me. As a significant shareholder John Goody is putting his own shareholding at risk with this action, which means he’s either got a very good case and/or it’s personal. He’s got all the cards, legal action and a majority shareholder.

None of the above is good for shareholders and looking at the chart I think ZEO is heading back to 2 cents or lower.

I’ve completed some research over the weekend and I can’t understand why shareholders have allowed the board to take millions of dollars in unsecured, non recourse loans so they obtain all the upside exposure on equity with zero risk. Do you understand what this means?

The more I investigate the worse it gets.