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The Australian - Multiple suitors circling Z1P - DataRoom 7.40PM, page-115

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AJ7

15,695 Posts.

1142

19/07/21

23:32

Post #: 54615582
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Originally posted by SebbyV: ↑

The actual risk of having lost control of the share registry is that if management don’t accept an offer, the shorts could potentially push this down to $6 and pin it there for pretty much as long as they like - then what happens in a year when it’s cap raise time? Zip is forced to to undertake a dreadful cap raise at $6 a share, causing even bigger dilution, more ammo for shorts, and the stock becomes even less attractive as a long-term hold. With so many shares loose on the market, and the company wholly reliant on cap raises for survival, Zip Execs are not in a particularly powerful position here. Take a look at what happened to Bellamy’s - they were never going to get major access to Chinese market without agreeing to TO - which was preceded by a combined delay in reg approvals and short attack. The result? TO at well below it’s previous ATH.

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surely you would want to sell the news, Won’t ya?

Z1P Price at posting: $7.03 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.69		Change 0.165(10.8%)		Mkt cap ! $1.904B

Open	High	Low	Value	Volume
$1.55	$1.69	$1.54	$34.28M	20.88M

Buyers (Bids)

No.	Vol.	Price($)
1	107872	$1.69

Sellers (Offers)

Price($)	Vol.	No.
$1.69	87594	9

View Market Depth

No.	Vol.	Price($)
1	107872	1.685
4	24285	1.680
2	1572	1.675
4	43883	1.670
3	126035	1.665

Price($)	Vol.	No.
1.690	87594	9
1.695	17300	3
1.700	863471	39
1.705	54422	1
1.710	106270	6

Last trade - 16.10pm 04/07/2024 (20 minute delay)

ZIP (ASX) Chart