Would be interesting to know there idea of the 'underlying value of the companies assets' and what price they would buy up to. Share price now starting to challenge 50c - although only 10k through this morning.
Bit like PEB which is holding well above 50c as well!
Almost as much silence as this thread!
(funny that...)
there are actually alot of similarities between NZO-and PEB (as odd as that may seem) They have both been darlings of the share market at one point--both probably the most popular thread at a point.
They are both highly speculative.
NZO has had what many would consider management problems for a long time--PEB is still unproven in that area(juries still out)but it would be a stretch to say they have been great)
They have both gone to lofty heights and crashed down.
Cant write either off but large doses of faith are required. Low debt is a saving grace for both.
Heres a useless bit of info--I once made $18000 on one sale of NZO shares(but in the end came out about even) Learned alot (I was out fortunately by the time Pike disaster came along.
there are actually alot of similarities between NZO-and PEB (as odd as that may seem) They have both been darlings of the share market at one point..........
The share buy back might give the market price a bit of a boost - especially if they buy the 64million (19%) they're permitted to do.
"The opposite of courage is conformity" - Rollo May
“Those who make peaceful change impossible, make violent change inevitable.” - John F. Kennedy
""especially if they buy the 64million (19%) they're permitted to do. ""
which puts zeta closer and closer to control of the company.......
funded by the "rest" of the loyal shareholders.
a divi or cashback would of been fairer for ALL of the shareholders.
a sad state of affairs here..... all above board though........ DOH i said board.... which board is that.... our board or big shareholder board.... or takeover board?
The share buy back might give the market price a bit of a boost - especially if they buy the 64million (19%) they're permitted to do.
If you were intending to buy so many surely buying now when the market is so depressed and sentiment is still negative-but first signs of light at the end of a tunnel appearing-it would be prudent to start the buyback.
American production is starting to fall and this is what caused the crash.
There are a lot of holders like Digger who will never sell at these prices.
Zeta might already have more control of decision making than their holding indicates-its not in their interests for the sp to rise and i wonder if they are delaying the start of the buyback.
Originally Posted by Andrew
Reply With Quote
Bookmarks