All you’ve done is prove my point, the stock is likely to go lower.
Evolution have a well earned reputation and you’re either naive or deliberately avoiding the hazards of raising capital with this group. ZEO barely held 5c today, and there was no volume relative to the stock that is yet to be issued.
Have a look at the poor attempt to improve the price on extremely low volume. ZEO traded at 4.8c and then a very, very, small quantity of shares is immediately bought at 5.2c in a poor attempt to fix the price. Only a novice would be fooled by this behaviour and it tells you there is no genuine buying support.
ZEO will trade lower IMO, and you even agreed in your post. Frankly, I think it’s likely to trade at 4.6c prior to the placement stock being issued, and then we will really see how sticky the participants are from Evolution. And if history is a guide then it won’t be pretty.
Add to My Watchlist
What is My Watchlist?
