TZL 11.8% 8.5¢ tz limited

coments on todays gm, page-16

  1. 1,784 Posts.
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    Re: reading between the lines.
    Surely TZ's duty of disclosure is to allow investors to make informed decisions. Reading between the lines does not provide the necessary information to make an informed decision as reading between the lines we can make at least 2 assumptions:
    1. the SP is going more than double
    2. 1:5 consolidation now....with a conversion on the nasdaq listing 1:2 is a possibility

    Given that AS implied at the meeting that “there were many good reasons to think this would be easily achieved for the sp to reach US$5 by the time of the float”, would suggest that there will be no conversion, but if TZ’s & CS’s plans don’t come together then whose to say there won’t be of consolidation of some level.

    Given the current sp, it is quite obvious that the Australian investors are not comfortable or trusting with reading between the lines. A simple, there will be no conversion of Aust shares to US shares ie will be 1:1 on transferring to NASDAQ would provide a clearer picture, allowing investors to make a more informed decision or are they keeping this the possibility of a conversion up their sleeve just in case???

    To me it’s quite arrogant of AS to expect us to read between the lines.

    I went to TZ’s website an asked, in their Contact Us section, whether there was to be a conversion on transferring to nasdaq, however it seemed to fail. Is there another way of contacting the company, e-mail address?
    GB
 
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