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BREAKING: The fraud Zoetic – how soon before the cash runs out and the company crashes in tits up alley? Weeks?

By Tom Winnifrith | Friday 12 February 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Having established, beyond any doubt, 9 days ago that the £143 million capitalised Zoetic International (ZOE) has lied to investors, regulators and its, very few, customers HERE, yesterday I showed how it was trying to cover up its crimes and, in doing so, was revealing that it had been using fake customer reviews, HERE.  Quote why anyone would hold the shares now defies belief so let’s now turn to how soon the company will go bankrupt. Because, to misquote Britain’s greatest ever Prime Minister, “the trouble with frauds is that eventually they run out of other people’s money”.  So how close to the precipice is Zoetic and can it be saved?

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