Well it should be an interesting AGM, its not acceptable. The company has limited cash reserves and shareholders aren't making money and now all three members of the board have been recipients of non recourse loans.
Zardo's was the best of all of them. Back on the 30th August 2021 he sold 30,500,000 shares for consideration of $2,745,000 which equates to 9 cents per share. Then on the 28th October (so 2 months later) the Notice of Annual General Meeting went out with the resolution granting him 12m shares at 5 cents per share through a non recourse loan of $600,000.
Good if you can get it, sell stock, bank real money and then get reset at almost half the price using shareholders money with no downside. I wouldn't think many shareholders during their DD could tick the box relating to "directors having the same interests as shareholders" with this sort of behaviour. IMO This is a two speed economy for the have's and the have nots.
ZEO Price at posting:
4.5¢ Sentiment: Sell Disclosure: Held
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