They literally answered all those questions through their presentation:
They had 14m sitting in the bank with no future forseeable cash drain. A question was also asked about potentially hiring more BDM managers, and PH's feels its a massive expense on the company. He would rather preserve the margins.
All COVID related stocks which include ZNO are on a watchlist by the ASX which means all their announcements are thoroughly screened. Which means not all announcements make it through. Also, a lot of their clients either want to be first to annouce (American Airlines) or they just dont want it announced to market. PH is just respecting the wishes of the client
Chart, page-7084
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Last
2.9¢ |
Change
-0.003(9.38%) |
Mkt cap ! $6.198M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 2.7¢ | $42.45K | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 230394 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 303402 | 2 |
View Market Depth
| Last trade - 13.40pm 10/05/2024 (20 minute delay) ? |
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Last
2.9¢ |
Change
-0.003 ( 9.38 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.1¢ | 2.7¢ | 708822 | ||
| Last updated 14.27pm 10/05/2024 ? | |||||
| ZNO (ASX) Chart |