Zenyatta managment falls short, again. Here we go again.
If what all the pumpers are pretending to believe regarding grades, reserves, quality of ore, predicting the so called 'future' of graphite, graphene, graph this, graph that and graph the other thing then that only leaves one thing left to point to:
Yesterdays news, volume and price collapse merging with today's further decline clearly points to a market that does not believe that management has done what is necessary to provide this enterprize with what it takes to succeed.
Indeed, the track record of Aubrey Eveleigh over the last five years is a train wreck of the sort usually depicted in Hollywood blockbusters. Metalcorp five cents, Abbastar five cents and now Zenyatta.
The company is in trouble. The poor results, combined with a treasury perilously low on funds, exploration for the year now completed, first nations issues unresolved, lack of any substantive news forthcoming no clear business plan for the future, a fifty million share float in messy hands, and a long list of other glaring flaws spells disaster.
Management is unable to raise money even at these prices. I've read that Eveleigh refused money at much higher prices. That would have been an error fatal to the interests of shareholders.
If you were a broker and Eveleigh approached you for, let's say $1Million dollars and then he tells you that he's going to put $250,000 dollars into his own pocket what would you say?
If it were me I would have to say, 'well Mr Eveleigh, the stock is trading at .20cents. Five million shares dilution in addition to what is already a great big cow pie and you are blowing out 25% of that into your own pocket is one thing i don't enjoy knowing plus the fact that the last broker you talked to gave you sixty cents a share and you are giving his clients back maybe .20cents and that's if they can even sell it doesn't excite me about what you might end up doing to my clients, so let's just say go somewhere else, ok?'
This is the reality.