Convertible note offerings tend to do that - was ZIP's only option to continue to fund operations at the time, otherwise would have gone defunct by now.
The 'growth at all costs' strategy was poorly timed and compounded by being overdone in the wake of shifting macros and APT establishing first move advantage.
Recovery opportunity is still there but management have got to pull something out of the bag in these next 6 months.
Convertible note offerings tend to do that - was ZIP's only...
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Last
$3.35 |
Change
0.100(3.08%) |
Mkt cap ! $4.373B | |||
| Open | High | Low | Value | Volume |
| $3.29 | $3.44 | $3.29 | $51.45M | 15.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 207994 | $3.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 215122 | 5 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |