"Potential POC with a large utility was already announced and it ran to its best ability."
That's if you believe in an efficient market. But we all know the share market is not that efficient.
Delayed re-ratings are common, especially when sentiment is as broken as in ZYB.
Companies can come out with seemingly good news and nothing happens. Then suddenly a few days after they start running and can keep running for a week or more.
I reckon ZYB's re-rating had just started. It'd be above 2c next week. Management could have been more patient, there should be enough cash left.
Unless they paid another $400k for some legal advice.
Side note: How Directors approved spending more than 20% of total cash on hand on legal advice which did nothing is beyond comprehension. Oh how ZYB could use that $400k now
ZYB Price at posting:
1.1¢ Sentiment: Sell Disclosure: Held
