Post by
schocor on Jul 19, 2024 10:53am
Raising $1M - Why would anybody participate in that
Zonetail is back to the market trying to raise $1m at .02.
This is after their failed PP in Janruary where they raise $200k out of $2m planned. NOBODY wants to give this company money......and for good reason.
#1> They dont have any actual business. They dont do anything, have no product, no revenues and no commercial plan to get any.
#2> This company is insolvent. They have $800k more current debt than they have assets, there is a $2m note due in 2024. Any PP money will just be used to repay debt......you gona invest in that?
#3> Mangement are jokers. The stock was halted for 2 months becaseu zonetatil couldnt file finanial reports on time.......unserious
#4> Management are greasy; in order to rtade again they were required to put out a subsequent disclosure to their fianncials (usually no big dea). WELL, the subsequent disclosure revealed the management of zonetail has give $50k to a marketing company, THEN that contract can cancelled on Jan 1st 2024 (outside reporting period). WHAT did zonetial get for htis money????
#5> The share float - its emormous. AT .015/share this assetless, revenuless debacle of a company is worth $3.84m in market cap....how?
I would be a schocker (schocr) is tihs company can raise $200k; and if they do they will still be broke.
Pleae dont invest money in thie Pretty Dangerous (P&D) "company"; it existed for one purpose, from several years ago (Pretty Dangerous), and that was not to make YOU rich.
P.S - I do have an axe to grind and it is with Pretty Dangerous (P&D) companies like this; nothing agaiunst zonetial per see. I iwll be going to the AGM to let managamenet know that I knwo what they are doing and I own 100 shares for the reason that it gets me into the AGM room. If you own shares, I am sorry, but come to the AGM for some entertainment. Thast all this stock will provide you.