Post by
Continuityiskey on Apr 30, 2024 11:52am
Financing
Zen has filed to raise money. It's burned through over $20,000,000 virtually no revenue with bloated burn salaries etc. Seems like they've been using treasury to buy back stock which is very unusual. Big salaries coming back to bite shareholders with a raise being telegraphed.
Comment by
pikeroo_007 on Apr 30, 2024 7:21pm
Dilutions are never good. Companies like SNA do it all tge time, get to a bloated sharefloat and then reverse split on tge back of retail investors. I hope Zen have a better management and make good use of money spent.