Hi All,
I posted the below on the STT thread:
******
Hi All,
Medical Marijuana end of day wrap-up per below.
We have a
new entrant onto the list - by popular demand (
400m+ volume in 2 days) =
ZYB.
Reminds me exactly of the
QBL run (
best cannabis performer out of the lot to date) -
both QBL & ZYB
started their run around 0.008c, on
massive volumes, with
cannabis fever!
Lets see how it goes and if they can pull off a similar deal like QBL and avoid the temporary suspension.
Difference between ZYB & QBL is that a lot of people were put off
QBL due to its
bad history (I'm told).
The
other difference is that
ZYB has half the amount of shares on issue that QBL has meaning that when/if ZYB reaches the same peak market cap (so far) that
QBL hit at
3c,
ZYB share price would be 6c per share due to having half the amount of shares on issue that QBL has.
I'm sure everyone knows
Peter Wall (one of the
biggest deal makers around) who is a
Partner at the Deal Factory that is
Steinepreis Paganin - he is the
Chairman of ZYB and is also the
Chairman of MMJ (one of the ASX cannabis leaders).
I'm hoping that they don't announce a Cannabis deal which means it'll go straight to $180m market cap (SCU style lol).
Or if they do announce a deal, hopefully it's a QBL type, where they can have an interest of up to 75% without getting into temporary suspension.
Peter Wall is a smart operator and so hopefully he gets around the BS ASX rules (
currently discussing with ASX on "how to get around the rules").
I am guessing that
ZYB will get the same confirmation/advice from the ASX that QBL received re;
no suspension (see QBL ann below) -
at which point ZYB will pounce onto one of the Cannabis deals that
they have on the table.
Let's see how she goes.
Cheers,
GB.
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