Not sure how to digest this merger/takeover news. It could be...

Not sure how to digest this merger/takeover news. It could be great or it could be terrible depending on the details. If the merger is on good terms we would have a more powerful company that could list on the NASDAQ and fetch more than what it is valued here on the ASX.

If rumours are right and it's a takeover at a 50% premium, that is disastrous for SZL shareholders. 50% premium wouldn't even equate into 10% for those those that got in at the top, and it also represents a very small share of the 80% its lost.

This could very well happen because Charlie et al will get cash in the bank and probably some great new deal vested into Zip to make them whole. I said months ago this was because of bad management and arrogance. Arrogance in thinking a good product will suffice for poor management and financial decisions. Someone that knows what they are doing should have been at the helm. Their IR is horrific, and their mismanagement of the NASDAQ listing wad worse. I won't go over it as I covered it months ago, but strike when the iron is hot and they could have been on a market where they had value and more capital available to them, now they are desperate. You have to wonder if it was a hoax, that's why they never talked about it so they couldn't be sued.

So much for taking care of their long term shareholders as Charlie always used to say. Regardless he walks away with billions and like with so many companies the poor retail shareholders that kept it a float are holding the bag.