Does Choo-Choo want to reconsider statements he made in this article on April 24, 2018? Message 31585460
Dubé is confident that the company will be able to attract new financing under different direction.
“Since we started this movement to replace them, we’ve been approached by a few large shareholders, several brokerage houses and a company in Europe that are all interested in funding Zenyatta as long as there’s a new board.”
And yet after 6 long weeks ZEN was only able to source $583,000 of a $1,000,000 (minimum) $0.45/share ARRANGED PP. The PP is still open. Do they expect takers now that ZEN is trading in the $0.37 range?
From the same article:
"The languishing share price, unmet milestones and the failure of management and board members to respond to shareholder questions on several occasions led the dissidents to take action, said Dubé".
Also from that article:
"The slide in the company’s share price from a high of $4.87 in July 2013 to a low of 0.42 cents April 20th “is a pretty good indication of the performance of the current board of directors and management,” said Dubé,..".
If those were valid reasons for the "dissidents to take action" I presume that ZEN shareholders will soon be forming their own dissident group (Team Red??) and mounting a proxy battle to unseat Team Yellow.
AE failed in his last $1,000,000 PP - But it was at $0.65/share and he raised almost half million dollars in 3 and a half weeks.
Choo-Choo and friends takeover of the BOD devalued ZEN to the point that they priced their own $1,000,000 PP at $045/share and STILL-THEY FAILED!!
How in God's name can Choo-Choo blame AE for the April 20,2018 Share Price? ZEN held an average closing SP of $1.00 or $1.01 in each of the first 3 quarters of 2017.
Then on Sep 27, 2017 Team Yellow mounted a hostile takeover of the BOD. That is when the downward SP slide began.
Zen closed at an average of $0.74 in Q4, 2017... In Q1, 2018 the avg close was $0.65 ... In Q2, it was $0.55. ...In Q3 it was $0.51... In Q4 to date the average closing price is under $0.43 - Lets Blame AE
And it is not done yet - ZEN traded at a 6+ year low of $0.365 today.
Get ready for ZEN to repeat some familiar news . Remember when Team Yellow blamed everything on AE's inability to raise money. That was the only reason for the delay of the MET Report, the PFS, the EA, etc.
Do any of the flock still believe that ZEN will be drilling a 990 tonne bulk extraction sample this winter? Is a new White Knight saddling up to save ZEN? I think NOT!! It is going to be "deja vu all over again".
OMG - what if the actual reason ZEN can't raise money is The Property, The Process or The Product? ...(the real reasons projects are unable to raise anything more than Lifestyle funding)
If only someone had warned the flock! |
