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Zoo Digital Technology with a market set to grow strongly
Still Learning - Wed, 21 Dec 05 :
I haven't posted anything lately because I didn't think anything was worth saying. However, now I just want to get my worries about Zoo into the open irrespective that I'll get shot down.
I am a holder from the 3.5p days 3 years ago but am now losing on them very significantly because of my many additional purchases at 9p, 10p, 11p, 12p, 13p, 14p, 15p when we all thought they were going places. For all Zoo's talk of profitability round the corner and all the products out there and being supposedly sold in large numbers, we as shareholders are in a very dicey position - the risk of commercial failure and losing our shares just as bad as now as when I first invested. That prospect is fairly imminent in my opinion.
Then, the risk/reward ratio seemed acceptable - now with all the adding to positions, others must feel like me that we've become too emotionally involved and the next results announcement could be dire for the shareprice. Even a wiff of uncertainty during the next few weeks could really shake the shareprice in my opinion.
It's not about whether the Financial PR is good or not as some posters are saying, it's the fact that financial forecasts have been missed and there is too great a cash burn. Zoo can have the best products in the world, but if they're not making some serious money now, it's not likely to happen - is it ?
I want the answers to be excitingly positive just as I thought they would be 3 years ago but I surely can't be the only one, of the many silent ones that follow Zoo's fortunes, to be seriously worried that it's all going to come to nothing ?
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