Daily Price Movement / General Discussion, page-34502

You more or less confirmed what I have been saying.

When you are running a loss making company you don't aquire more loss making companies and create a bottomless pit to continually throw shareholder funds into it.

They now are going to have to raise more cash but the problem they have is the registry is now controlled by the hedge funds who own the convertible notes.

Any new lender is not going to be able to rank ahead or even Pari passu with these hedge funds.

Blind Freddy can see these note holders are shorting the shares and any new lender would not be comfortable with this.

Remember on face value the existing note holders have a theoretical conversion price of circa $12....are they going to agree to further dilution.

All those hedge funds have to do is increase the shorting activity making it next to impossible for Zip to raise further and watch the share price collapse

Zip balance sheet is horrendous so what lender is going to find it as an attractive proposition.