More board changes at rumoured blockchain play Zyber as directors swap seats
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The man who bought a big chunk of tech shell company Zyber yesterday is now on the Board.
George Hatzipapas bought 5.25 per cent of the business on February 15, a day after Zyber (ASX:ZYB) went into a trading halt.
Mr Hatzipapas will replace Bernard Crawford on the Board.
Mr Crawford, an executive from the mining sector, only joined the Board in January.
Zyber said Mr Hatzipapas had been a shareholder in the company since 2016.
The move comes just after director Scott Mison spent $25,491 of his super fund’s money on 1.5 million shares in Zyber.
Zyber was one of the hottest stocks rumoured to be looking for a blockchain deal over Christmas.
Although the board never explicitly mentioned this field, its shares surged from around 0.7c to a peak of 4.4c in January.
The crash came on January 22 when Peter Wall, a partner at Perth law firm Steinepreis Paganin, stepped down to be replaced by Mr Crawford.
Zyber last traded at 2.6c, and this morning extended its trading suspension until February 28.
Stockhead is seeking comment from the company.