Larry Diamond selling $100 million worth of Zip is a glaring red flag, raising questions about insider confidence in ZIP’s future. If the former CEO doesn’t see long-term upside, why should retail investors?Using excess capital to pay dividends seems reckless given ZIP’s track record of poor capital management and frequent capital raises. With 1.3 billion shares on issue, the dilution alone highlights how far the company has stretched itself to stay afloat. Prioritising dividends at this stage would signal short-term appeasement rather than a sustainable long-term strategy. Shouldn’t management focus on stabilising operations and restoring profitability before entertaining such ideas?
ZIP Price at posting:
$3.20 Sentiment: Sell Disclosure: Not Held
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