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Pastimes : Zenyatta Free Speech Board
ZEN 77.480.0%Nov 21 4:00 PM EST
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To: Fact Czecher who wrote (22637)11/20/2018 4:29:45 PM
From: stuffbug   of 22811
 
FC, share price weakness likely has something to do with the recently announced shares for debt agreement. Small business owners have bills and mortgages to pay and monthly expenses. Don't think they are interested in being long term Zenyatta investors.
Shares for Debt Agreements

Zenyatta also announces that, subject to approval of the TSX Venture Exchange ("TSXV"), it has entered into agreements to issue shares to settle an aggregate amount of $214,989.53 owed to certain trade creditors. The Company will be issuing 477,755 Common Shares at a deemed price of $0.45 per common share in settlement of the above-noted amount.

I suggest Zenyatt investors read the last 2 sets of financial statements, the March 31st 2018 annual audited and the 2019 Q1 interim. In particular, review the section on Commitments and Contingencies, subsection c, Employee Agreements.

Annual Statement - why does the paragraph referring to AE not include the terms of the new agreement, as noted by the company in an April press release?

Q1: zippo on the AE contract - what's the status, is there a dispute or is Zenyatta just going to pay AE $825k ($75k every 6 months for the next 5 1/2 years)? The contract value is material information and is required to be included in the financial statements.
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