Ok so I have to chime in here before Schocor has a stroke and causes others here to have one too lol.
While he does bring up some points to examine, one major point is that I believe he's mixing up market cap with market value. The company does have 147mil shares and a share price today of 0.075 which makes the Market Cap roughly $11mil. One cannot state that they are not worth that because they don't generate that revenue or have assets equivalent to that because market cap is often used to help define the value of a company when analyzing potential trade opportunities. Zone's agreements with Yardi, etc, are these exact potential opportunities. Market value however, is determined by valuations or multiple accorded by investors to companies, such as price-to-sales, price-to-earnings, enterprise value-to-EBITDA, etc.
A great example is Tesla. They have a market cap of $670 billion lol yes I said BILLION! But Tesla does not generate anywhere near that revenue. In fact they generated $31.5 billion of total revenue last year. Their assets don't even come close to reaching that market cap of $670 billion yet that's what Wall Street gives them as a market cap evaluation.
So while you think Zonetail does not generate $11 million to match their market value, that does not mean their market cap isn't worth that or more based on their current and future agreements.
That loan from BLGV is still valid but interest is accruing and in my opinion, is such a small amount. The lawsuit from BLGV to Zone was thrown out in the Ontario courts. BLGV currently holds over 1 mil shares of Zone.
I had to create this account today here just to chime in and give my insight but you can find me on CEO.ca under the same username. Oh and I am a current shareholder of Zone and have been trading successfully for over 10 years. If you are or are not a shareholder one piece of advice is to share info that helps each other make independent decisions. GLTA