Ah...the Dog Days of Winter.Not much going on with CNZ. Team working on gold. Getting ready for spring.
Many casual investors were caught off guard that Zeo didn't gave a Sales Division, or a Customer Service Division, until they hired someone the other day. Result was a big sell-off. (Funny, how people think these micro caps have more than 3 or 4 people working in the office)
No worries for us longs. Company had no staff, just working on hiring a couple of sales people now, more hires will come. They are in the early stages of building out the product, and getting approvals for it. They will move on, to building out sales/marketing/customer service teams, once the gold play move has played out. People forget how early days this company is. Don't forget, as a gold play up until this year, they had no need for any staff, because nothing was going on.
Company has taken a bath since the gold play news. As it absolutely should have. A complete wash-out was needed. Soon, we will be near huge support of 49/50 cents. Not much further to fall now. Even with market correction, where all small cap stocks (good and bad) will get smacked, CNZ should hold around the 50 cent level, at worst, JMO of course. Unless Trudeau adds a Capital Gains Tax Hike to the budget, then all bets are off.
Until the correction is over, and the spring is in full bloom, everyone take care,
Infirst