ZEST buy cheaper than insidersThe CEO and the CFO bough ZEST shares at $2.77 - $2.85 thinking they were a bargain.
Not the stock is $2.37, close to all time low, with a 52 Week Range: $2.00 - 17.00.
Beside the food and oil, Ecoark owns a crypto company that was registered for an IPO.
In the DEFY IPO filing is mentioned that Ecoark`s shareholders will receive 80% of the new company!
Last year ZEST Ecoark had a $20 Million Registered Direct Offering Priced at a Premium to Market of 3,478,261 shares of its common stock at a purchase price of $5.75 and the warrants have an exercise price of $5.75 per share.
And the stock was down ever since.
But the upside is still there, if an institutional investor agreed for that premium to market private placement.
For sure they did an extensive due diligence.
Successful oil well in LA announced.
Huge volume last week, 18M shares traded in two days.
Deloitte's request to dismiss the lawsuit ZEST vs Deloitte dismissed.
11 months post Ecoark vs WMT trial.
Ecoark Holdings engages in oil and gas, financial services, and food freshness management solution businesses in the United States.
I think this stock can easily double or triple at some point in the pre-market.
Keep an eye on it, it`s a premium call!
