ZIP has now printed so many shares, that to get back to $14 a share, they'd be as big as Origin Energy (who pay lovely divvies).. Which aint gonna happen for a company that is trapped in a debt cycle and which basically funds itself by diluting shareholders.
I feel like people don't understand dilution very well, they look at BLOCK (only 33m shares compared to zip's 1 billion shares) and think the price can simply just go miles up. This share cannot possibly go back to where it was at the rate they're printing shares.
There's only one wine bottle, and they've added maaaaaaaaaany more wine glasses in the past few years. Even a huge bottle of wine is only going to put a few drips in each glass. This is penny stock territory now, and there's no going back.
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$1.70 |
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Mkt cap ! $1.909B |
Open | High | Low | Value | Volume |
$1.68 | $1.71 | $1.63 | $41.23M | 24.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52 | $1.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 125754 | 4 |
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No. | Vol. | Price($) |
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1 | 52 | 1.690 |
2 | 79150 | 1.685 |
3 | 36860 | 1.680 |
6 | 127995 | 1.675 |
4 | 25072 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 125754 | 4 |
1.710 | 196398 | 6 |
1.715 | 95159 | 2 |
1.720 | 37000 | 5 |
1.725 | 120054 | 4 |
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