the stock price of zincq is down over 95% since friday septer 2nd...on sept 2nd it was trading at 52 cents a share,,,now it is trading at 2 cents a share. putting it down 96% in 7 trading days...thats a huge decline for a 7 day period....the market cap for zincq is a measely $112,000 dollars...56 million shares o/s times two cents a share...this company should liquidate...pay off all the debtors and noteholders and there will be alot more than $112,000 dollars left for shareholders....the shareholders should of been given a proxy questioning if they wanted zincq liquidated,,,most would of said yes...because the the note holders and lenders are going to own 100% of the company...which is not right. if a buyer still wants to buy zincq, can they,,,,,???? that will screw up the notholders and lenders of zincq. that happensif zincq get down to 1/2 cent a share....56 million shares times a 1/2 cent is a measely 28,000 bucks...unheard of...someone could technically take over 51 percent of zincq shares and force the courts to re-examine this reorganization,,,,zincq management has a resonsibility to the stock holdrs of zincs equity valuation....sell parts of zincq and pay off the debt...any company management would look at that option...i hope its not to late for zincq management to save the company,,,in conclusion, it will take 28,000 bucks to buy up all the shares of zincq when zincq sinks to 1/2 of a penny....and finally, i cant figure out who has shares of zincq to sell at 2 cents a share,,,they buy shares of zincq at 52 cents a share and then sell zincq shares at 2 cents a share.....bad hedge fund decision. full disclosure, your investment in zincq could loose value.
