I don't think this means anything. They need to keep it ratified or they would have to call an EGM, which would worry people even more.
This GM announcement is just a copy and paste job from the last GM announcement on the 8th of March. Exact same wording. They didn't even bother to change the part about an acquisition.
Have a look
http://www.stocknessmonster.com/news-item?S=ZYB&E=ASX&N=755531
But sentiment in this stock is so so low that anything will spook holders. Just look at the immediate reaction from people here. Easy to jump at shadows when hope is almost gone. With such low sentiment they have no chance of raising a single dollar
I reckon they can easily survive another 6 months on the current cash balance and if they can't win contracts then it's just a shell anyway
End April they had 2.1 million. Even if it's down to 1.5m they'd have to have 15 staff on $100k each and they still would not have to raise anything for the remainder of the year.
We all know they do not have 15 staff on $100k each.
However, gotta win contracts, it's the only way. Sentiment in this is shot. Hope Ben Daly has something up his sleeve before 17th August
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