Paper profit. And then what? $1m at 0.8c = 125 million shares. How you gonna move so many shares? ZYB is not liquid enough.
Why would Pattos bother. The fee is not worth burning all your clients.
Plus ZYB does not need any money. They are not actually doing anything. With the current cash balance they can pay their meagre staff for another 12 months easily.
However, a shell type raising plus consolidation I can see. Sentiment is very poor but if they consolidate 20-1 then the selling pressure after re-listing won't be very high as current angry holders will have been diluted to nothing anyway.
Hence Ben Daly was not appointed to the board and I doubt he has any power anyway. Seems to be just a puppet CEO. Hence he has barely done anything since being appointed since no point. He won't be around once ZYB relists as whatever else
ZYB Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
