The raise at $1.90 was more than likely the hedge funds closing their shorts from the previous raise and delta hedge having banked over a billion dollars in short profits facilitated by LD lending his shares out.
They are obliged to return shares to LD before end of March so much simpler than buying in market.
Zip has been a cash cow for short sellers so it's in their interest to keep the lights on so they can reshort if they believe it's going bust.
No one in their right mind would "invest" $150 million in a company with such a disastrous balance sheet, bad debt ratio and escalation of losses.
Daily Price Movement / General Discussion, page-45768
-
- There are more pages in this discussion • 790 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.58 |
Change
-0.120(7.08%) |
Mkt cap ! $1.774B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.57 | $42.26M | 26.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19469 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 33400 | 3 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |