I never said you did. I was referring to the actions that contributed to the scenario.
What did Peter bring to the company in the time he was there? What value did he unlock? A name? Maybe just a party of pump and dumpees in the end? Just wondering - I personally didnt see him successfully execute anything while on the board at ZYB and he had no skin in the company.... Maybe I am missing something?
Yes you are missing quite a bit. Peter Wall has been involved in many of these tech plays. There are investors who follow him. He turned DUO from a miner into a tech play, Zyber. He attempted another acquisition, rumoured to be medical marijuana, which ASX knocked back. He would have been integral in these current board appointments and undoubtedly whatever new acquisition they have conjured up. What did he get out of it? It's a good question as he had no shares and that was always a question I pondered, why not? It led me to believe that this wasn't his preferred vehicle for his backdoor listings and that has proven to be correct as a number of other plays occurred in other stocks he is involved in . But his lawyer firm did earn a lot of cash from ZYB in fees. Look at the historical financials to count how much, so there was some financial benefit plus his modest director fees.
I now think his resignation was an impetus for the mass exodus. As I said there are many who follow him and insiders would have known. Another massive pump and dump, it's a hallmark. Where was ASX?
I agree with you that an acquisition is still in the picture. It won't have the same rapturous following now the Peter Wall is out. May yet turn out to be good, who really knows.
ZYB Price at posting:
2.0¢ Sentiment: None Disclosure: Held