Bought at 43 today having spent a lot of time researching ZNO.
The highlights is cash held $7.6 mln and no big deal they will spend 900,000 over the next Q especially launching this game changing deal in China with RBCGO (70% Gov'owned). Their CEO saying "we are very pleased with the product and we will promote it vigorously". Roll on Feb Chinese NY.
If successful in Beijing (30 mln homes) then we hit China's 300 mln homes.
Tightly held with Paul Hyslop holding over 51% and talking of which his video was compelling.
Funny how 2 SMSF, bought 14% on that Chinese ann' paying 45 cents. They are your average Mum and Dad investor only much richer.
What's more impressive is since their listing in Feb' at 24 cents they have practically totally defied every other "back door" listing, so many need years of a long track record before taking off.
The product itself has been well covered although I'll say I tried to buy some on Sunday at Woolies but they had sold out., nice problem to have.
Only slight concern and I mean slight, is dealing with Chines and their strict regulations and high standards regarding any new products. But having said that once approved they go ballistic just look at A2M et al.
Only regret is watching them since 36 cents and doing zilch.
Now I'm own a substantial amount and looking to add on any weakness.
ZNO Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
