RE: Up 40 % today
The stock was available for everyone at 40 cents but only the intelligent investor took advantage of this. 3 institutional investors were anxious to unload close to 1.80 million shares at 40 cents for the past 6 to 8 weeks. We were more than willing to get our check book out and scoop up the majority of the shares from these victims of market fear. My guess is the institutional investors were freaking out having a micro cap Chinese e-bike manufacturer sitting on their books with an ACB in the $ 3.00 range. How do they explain that one to their intolerant clients? Given the fact these fools have not even had enough common sense to get on a plane and see what kind of business operation ZPP is running in China to see how impressive this organization.
No wonder institutional investors underperform the benchmark at least 75 % of the time. They fall victim to Mr. Market and fear for their employment.
We bought 80 % of their shares at 40 cents and plan to harvest the gains over the next few years.