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In the early years when Zenith IPO'd there was a investor (can't remember his name?) who used to call out AC on a regular basis as the share price was collapsing. He was proven correct. I think he also invested in ARGO/GGP at the same time and became an millionaire I presume. The share price has continued to collapse.
Management have been taking huge salaries over the years,so of course their in positions to buy millions of shares. The company icould ntroduce performance related pay and save a fortune imho. If somebody totalled up AC's salaries over the years and compared it to profits made it would be shocking I think? As for the interview released yesterday was just more hope to get this, that and the other.
MG+TYB and a few others were dismissing early investors who were wiped out nearly as wingers. Now those like the aforementioned who thought that they after buying at lows are being taught a lesson as the share price tumbles. Lepord/spots comes to mind.
Another fundraising,dilute, dilute, dilute.
Tyb the $15 in is a pipe dream since if very lucky might get a small percentage of it? Doubt even that!
If Zen are so profitable, why does AC keep rasing money in one form or other?
Share price should drop to placing price if nothing else.
I think the Benin,Yemen and Tilapia cash will drag on for months/years and eventually be forgotten.
The share price will continue to be under pressure and if/when loss of the above is announced a further drop will occur.
Most people who were invested since IPO and a year or two after have probably been diluted to oblivion. Think AC once mentioned 20p a few years back and now share price dwindling away and AC nowhere to be seen?
Just re read the posts after the half year report released in November. caml's posts at the time are especially informative of Zen is(has) performed. Post dated 30/11/22 says it all. Even in high oil prices the company couldn't flourish.