RE:Zena Financialsmydogchach - (5/14/2020 9:06:42 AM)
Zena Financials Has anyone seen an actual press release or notice of some kind that Zena will actually release it's financials tomorrow - like most companies would do prior to the fact? (I mean beside the goof poster who said he had talked to his team)
Strikes me that A) the numbers must be bad, because if they were good - they would issue a release or B) that they'll wait and use the 45 day Covid rule.
I hope they don't take the BS route of releasing them at 5:00pm on a Friday because the numbers a rebad - but that seems it would be something they'd do.
If you have good numbers you want them out to take advantage of shareholder momemtum and buying. Like ACB just experienced.
If you have bad numbers, you take the greasy, sleazy route and insult your current investors by releasing them after close on a Friday, long weekend - you don't even post on your website - and hope that things will be all qiuet by open on Tuesday.
So, I don't know how many of the pumping cheerleaders on this board actually own Zena - but numbers aside, this release is another reflection of the really sleazy management and Board this company has and lack of courtesy and respect it has for the shareholders. Just no class and how can anyone think this group is capable of a turnaround.
As for the numbers - yes operating expenses show a huge improvement (they'd have to, wouldn't they) and revenues are progressing - BUT the remaining problem is the ability to service the debt in the short term.
I'm afraid that a positive turn around is later rather than sooner - and it seems unlikely they have the luxury of time needed. Like I said, this looks like dead money for two years - at best, lost money at worst
My guess is back to .055 or lower by mid morning on Tuesday.