The man who bought a big chunk of tech shell company Zyber yesterday is now on the Board.
George Hatzipapas bought 5.25 per cent of the business on February 15, a day after Zyber (ASX:ZYB) went into a trading halt.
Mr Hatzipapas will replace Bernard Crawford on the Board.
Mr Crawford, an executive from the mining sector, only joined the Board in January.
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Zyber shares shot up on a sniff of a blockchain rumour that spread through online forums.
Zyber said Mr Hatzipapas had been a shareholder in the company since 2016.
The move comes just after director Scott Mison spent $25,491 of his super fund’s money on 1.5 million shares in Zyber.
Zyber was one of the hottest stocks rumoured to be looking for a blockchain deal over Christmas.
Although the board never explicitly mentioned this field, its shares surged from around 0.7c to a peak of 4.4c.
The crash came on January 22 when Peter Wall, a partner at Perth law firm Steinepreis Paganin, stepped down to be replaced by Mr Crawford.
Zyber last traded at 2.6c, and this morning extended its trading suspension until February 28.
* is seeking comment from the company.
ZYB Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
