Agree with this - I just posted on another thread that all my micro caps have been hammered over the past month or two.
I topped up ZNO at $0.27 - and then it promptly fell to around $0.24 the next day.
ZNO is profitable, it has a point of difference, it is growing strongly (albeit from a very low base), and it is trading at a P/E of around 30 from memory - so there is plenty to like with this business.
The market is probably waiting on some further confirmed sales in the new distribution markets (so hopefully we get some good news soon).
ZNO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
