How an Activist Investor Rationalizes Buying More Shares in a Flailing Software Company

Apparently, amid the cluttered chaos of SEC filings, Manatuck Hill decided that piling more money into Zeta was a wise move-adding 415,000 shares to their existing 290,000, bringing their total to a staggering 705,000. As of September 30, those shares were valued at $14 million, which, when you think about it, is a lot of money to sink into a company whose shares now languish at $19.05, battered down by a relentless 26% slide over the last year. It’s like investing in a sinking ship, then somehow deciding to buy more life jackets.




