They’ll possibly blame macro economic factors. Most boards often do.
The truth is that shareholders’ losses are only down to themselves.
Those who accept this have a chance of learning from it and recovering losses elsewhere during the next bull market.
Having said that, looking at the state of many economies, it could be a very very long wait. The stockmarket is full of richly priced zombie companies.
I can see a 95%-98% peak to trough pullback for unprofitable speculative ventures. That would put Z1P at 20c to 50c if a recapitalisation doesn’t occur before hand.
20c party anybody? (Don’t shoot the messenger bearing gifts)
$1 party, page-147
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Last
$1.83 |
Change
0.025(1.39%) |
Mkt cap ! $2.310B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.84 | $1.76 | $34.05M | 18.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6757 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 480347 | 4 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |