Re: Zen Graphene Solutions Ltd announces an offering of units of the company on a non-brokered private placement.
posted on
Jun 15, 2020 03:40PM
Hydrothermal Graphite Deposit Ammenable for Commercial Graphene Applications
Fluffy notices that some of the boys and girls are unhappy that Zen has recorded no sales. Shake your heads. Good Lord Mother and Jesus. Entire industries have been shut down since March and continue to be shut down. What companies are buying during a pandemic? Zen has been focused on research since the Covid crisis. They have announced partnerships/research projects with the DND. They have announced research/partnerships with the University of Ottawa on a potential test for Covid 19. They have announced partnerships with the University of Western Ontario on developing a new mask to fight Covid 19. They are continuing to do more research at the Guelph Lab. They most likely own the IP for everything they are working on.
Is Fluffy happy that they needed to go to the market for more funding? The answer is no. We have staff at Guelph plus our regular Zen staff that needs needs to be paid. New equipment needed to be purchased and paid for. Some of us are forgetting that less than 6 months ago the stock was trading at .28/share. Today its trading at .60/share. In the world of Cats this is good. Oh, Fluffy forgot to mention that DND, Ottawa University and Western University all specified only one Graphene for their projects. Zen Graphene.
Cheers, Fluffy the Cat