Technically he is right, it is not a shell. This has already been discussed. Otherwise they have 6 months to do something or get suspended. Saying they are working on Zyber keeps the ASX at bay.
But we all know it really is a shell. They have no CEO and no staff and are hardly spending money on Zyber. The money they raised end of last year is largely still there and I think was raised for an acquisition.
Forget MM. I agree with chan. They really need to go tech. Cyber security or something else like space tech. Would not require re-compliance and ASX cannot do anything.
If PW does nothing this quarter then I can see this falling much further.
Should be almost due for a pump one might think.
ZYB Price at posting:
0.6¢ Sentiment: None Disclosure: Held