I assume some surprise at ZEO closing at 5c today (around 1m...

I assume some surprise at ZEO closing at 5c today (around 1m traded), after announcing a successful 4.6c raising ($3m) and of course, the threads resident non-holder that only posts on ZEO, has 'privy' info on ZEO trades (I think that’s what it was called) and passed up all the stock one could take in recent placement (having been called twice by the lead broker just to be sure), is calling the stock lower, suggesting that placement participants are all waiting to get stock issued, so they can sell it down under 4c. LOL

IMO not sure why those that participated in the raise at 4.6c would want to be parting with stock, sub-raise price (15-20% lower which is being suggested) when ZEO has just been recapitalised, with $3m + existing cash, offering runway into 2024 – today’s ASX release tabled as much.

Let’s hope ZEO’s management can land more than just collaboration on the methane control project underway, within the runaway, shored up by the placement.

IMHO the methane control opportunity must have been a drawcard to the capital raise,and most probably the majority of placement participants are thinking the same,rather than a quick flip, on what our resident naysayer has described as clearlyan illiquid stock.

Sure,the ZEO may trade lower, but that would only further improve the risk/rewardequation, which is what the speculative end of the market is all about. The keyis ZEO’s management needs to get busy progressing its diversified project portfolioand hopefully something tangible surfaces before the end of the year. GLTA & DYOR