The BOD may have changed but the smoke and mirrors viewed through the purple haze of Zip presentation style remains the same.
It was interesting that they announced a snippet of CF and EBTDA positive a few short weeks before the official results were due promting a significant rally and when the official results are released any positives are simply due to accounting treatment.
The corporate debt raising is truly in lender of last resort territory and with new receivables facility due to ve refinanced soon there is simply no way this company cam ever be profitable without a massive and I would expect heavily discounted capital raising.
ZIP Price at posting:
80.0¢ Sentiment: None Disclosure: Held
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