You highlighted that people are making assumptions and immediately created your own. The point is no shareholder has an idea what Goody will do, but the fact he is suing the company at the risk of his own equity value tells you that he doesn’t hold much faith in it at all.
This is someone who not only believes they have a legal case, they’re also prepared to go public and put their reputation and ego at risk. If Goody loses this litigation do you really believe he’s going to be subservient to the board? He will be humiliated and likely cause all sorts of havoc in the market, none of which will benefit shareholders.
While the litigation is afoot you have everything to lose and nothing to gain IMO. You can bury your head in the sand, but that will not remove the significant risk of this legal action to the viability of the company. The term “cannon fodder” comes to mind and I suspect there are some very nervous top 20 holders considering how they get out in such a low volume stock.
The risk, reward proposition is diabolical IMO.
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ZEO
zeotech limited
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
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Last
7.0¢ |
Change
-0.011(13.6%) |
Mkt cap ! $131.2M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 6.0¢ | $719.4K | 9.867M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 105487 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.069 |
1 | 100000 | 0.068 |
2 | 160000 | 0.067 |
2 | 2008319 | 0.066 |
4 | 1318923 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 105487 | 1 |
0.073 | 2100 | 1 |
0.075 | 1000000 | 1 |
0.077 | 11700 | 1 |
0.080 | 270906 | 2 |
Last trade - 15.58pm 24/06/2025 (20 minute delay) ? |
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ZEO (ASX) Chart |