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RIP Zaio - Maybe (I hope)

Discussion of the condition of the general economy. Post links to articles of interest, but do not post copyrighted material which violates fair use.

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RIP Zaio - Maybe (I hope)

Postby Otis on Sun Jul 13, 2008 10:54 pm

http://www.tsx.com/HttpController?GetPa ... o&x=15&y=7
Zaio Corporation (ZAO)

Instrument Name: Zaio Corporation
Zaio Corporation

* Quote
* Company Information

Symbol Last Trade $ Change % Change Volume Exchange*
ZAO 0.170 -0.160 -48.48 8,424,303 V

ZAO

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News | Company Snapshot | Price History

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I'm not buying. :roll: :roll:
Don't believe everything you think ;)

What are they SMOKING?<<Link
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Otis
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Postby Steve Owen on Mon Jul 14, 2008 9:10 am

Zaio is not a bet I ever would have made in the first place. I didn't even have enough confidence in them to buy a zone (and neither did anyone else in my area, so far as I know).
I haven't a particle of confidence in a man who has no redeeming petty vices.
- Mark Twain, a Biography
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Postby Pina Colada on Thu Jul 17, 2008 5:32 pm

I thought they might run out of money last year, but they found an investor to buy $15 mil worth of stock from them. They burned through most of that at the close of the second quarter. I think they need another $10 million investor pretty quick.
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Postby TC on Thu Jul 17, 2008 8:20 pm

They sold just about all of the zones here in Pgh, mostly to AI members. I just couldn't see how they would be profitable. Who knows, down the road it might be the wave of the future.

TC
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