MC of 15m (NZD) with 6.5m (NZD) cash on hand. Projected cash out flow for next quarter of 1m (NZD) with 850k (NZD) due plus upside from sales during the quarter.
The quarterly is not as favourable as previous reports but I think this is largely due to the Stayzon situation which IMO in the long run should be very beneficial for ZNO as they gain more control and increase profit margins. Australian online sales portal due in the coming weeks...
The dip is SP today is disappointing but I think it is indicative of a strong management team setting the foundation for growth. Some short term pain in order to achieve long term objectives.
ZNO Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
