ZNO 0.00% 2.7¢ zoono group limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-14

  1. JoR
    305 Posts.
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    This is a disgrace. I have no words.

    I reconciled myself with this being a write off long ago and as my parcel is only worth $1300 now not worth selling. I could see this happening for a long time and thought it was criminal that Paul could sell his shares at 70c and pocket the money when institutions last wanted a position when it was clear that the company was going to require the funds. He is still milking the company, by lending money to it and charging 10% interest.

    They still seem to be doing more trials than sales and no new business is coming from the trials even though they are sucesful and customer is happy. There is something wrong here. Maybe they should start looking at reducing their prices to create more demand. I always thought that it was a high margin product.

    If we are lucky, one of these large companies Zoono has an agreement with will see value and buy out the company
 
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