HI GOP I have to respectfully disagree with your comment. If i could use a point in case, lets look at KGN. Its not a direct comparison but rather an example of how the share price did become the direct responsibility of the management managing both the success story and the share price at the same time.
During the Covid year, KGN was going to rise no doubt about that. However the way that they took it from 4 dollars to 22 was due to ongoing good news story's, acquisition and any good media Ann. This was not market manipulation, this is what the stake holders wanted to see and hear. Granted he sold 750,000 of shares at 22 dollars and the price since has crashed by 40% and some may argue other wise.
ZIP has so much news to share but they wish to be quite eg : europe, usa, Aus, NZ etc. So why take this approach. ?
The other factor with KGN was, he did not have any insto trading going on that would decimated his stock in such a quick time frame
There is a direct conflict in the marketing strategy and at some point you would have to reconcile your share price with the success of your business that you are promoting.
50% drop in share price in one month is not a good look for them at the moment. IMO
Chart - Z1P, page-7567
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Last
$3.14 |
Change
0.190(6.44%) |
Mkt cap ! $4.099B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.20 | $3.02 | $54.05M | 17.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 27580 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.14 | 137294 | 3 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |