Agree the valuation was affected by the decisions of the ex ceo. He had grand ideas of 400,000 KG's of capacity before the market was ready. Fortunately he was removed before more money was spent on unneeded capacity construction.
Now ZENA is focused on getting their 100,000 KG's of licensed capacity profitable. I'd rather invest in a rightsized company that can sellout what they produce, than a overbuilt behemoth taking product back from the retailers. But that's just me :) gl
Posts are my opinion only, and not advice of any kind. glta