Anyone want to speculate what bad news Ron & Co is keeping from the market and how they will attempt to spin it? LSE OEX share price appears to be heading for 1 pence which means ASX on that logic should be trading in the 2 cent range or lower. Zeta on current valuations looking at a loss of between 25% - 50% if this rot continues unless they are shorting at the same time.
A few scenarios could be playing out that the cash flow neutral or positive situation that they have been harping on about for months won't happen and the market is bracing for a negative cash flow situation. Zeta looking to renege on their investment that appears to have gone horribly wrong in the markets eyes? I am sure these and other questions are running through investors minds when there is absolute silence. Most companies that raise money have a positive works program announced so the lack of detail IMO is scaring investors.
I think when most investors heard him talk about this latest tranche of funding and program being "transformational" would never have thought that it go so wrong quickly on no news.
