Weird day on the ASX as Zoono closes as the top gainer for the day. Up 42.50% on pretty high volume. Still way down on share prices from 12-18 months ago.
No ASX announcements, no news articles... I wonder what news will come out in the coming weeks, if any?
@Noddy74 it’s depressing and hilarious at the same time!
My personal favourite, $2.4m in Cost of Sales, but they are sitting on $12m of Inventory…. From memory they own some of the manufacturing facilities too, so the fixed costs will just eat into the margins.
Don’t worry, Paul is only paid a modest $480k yearly salary for his expertise as CEO. Not including the $40m~ he made selling most of his shares last year.
Buyers beware!!!
@Maaxweell - don't beat yourself up :)
I made them same mistake and it is a powerful listen for both of us. It is a great reminder to do thorough due dilligence on management before investing in stocks. We are learning more each day.