Agreed. People all have different motivations for what they do, you can make an argument to do either at any given time, dependent on your timeframe. I like the product, own the shares, but have put some money in the tin. I will buy again at some stage. $20m less costs less overheads less tax ( they do have some accrued losses so maybe no tax for a year or 2) but for this exercise tax paid. Back of envelope npat 7ish, use a decent p/e, market cap based on next years sales that have been announced somewhere around current levels. Cumulatively the deals add up, and as we are aware there will be more, but that one on its own doesn't justify a change in mkt cap of $50 or $60m. my opinion only of course, DYOR.
ZNO Price at posting:
$1.21 Sentiment: Hold Disclosure: Held
