open letter to tz, page-43

No worries Buny. Just writing what we all feel as evidenced by a record 45 TUs, as well as only about 15 shareholders attending the last AGM. Yes... 15!!!

In regards to raising capital, in Sep TZs cashflow forecast would have shown that they'd be out of money by Feb. So why didn't they conduct a rights issue or spp to us back when the price was above 50c? Why did they wait for the last possible minute and allow themselves to be squeezed on price? They even could have gone back to the proven strong hands of Resurgence or Sydcomp. These companies were not approached either. At least they would have held onto stock as they have still done since 2010. No, Veritas were the chosen ones at whatever cost to the rest of us.

Whatever pressure the board has been under to deliver could have been alleviated by some openness. They chose not to take this option/requirement.

Somebody pointed out to me that the number of announcements and brrs in the 4.5m period upto the AGM and voting on resolutions such as remuneration and Ken Ting's reelection, was more than double the number than in the same period since. If we look back at other periods prior to and after AGMs, is there a similar trend, and if so, why?

The quarterly had better not disappoint.