RE: AGM Resolutions11 Mar 2023 15:51
The only reason Zen are doing it is to appear more attractive to raise capital
Their exact words:
“ In practice, however, many investors consider lower-priced shares as unduly speculative in nature and, as a matter of policy, avoid investment in such shares. The presence of these negative perceptions may adversely affect not only the pricing of the Common Shares but also future investor opportunities. These perceptions may affect the Corporation’s commercial business and the Corporation’s ability to raise additional capital through equity and debt financings.”