The reported Deed of Release either exists as a properly executed document with valid signatures for which the former directors who signed it will vouch; or it is invalid. Time will tell.
Can we assume that the Deed of Release is but one document amongst a complete, accurate, impeccably maintained record of properly executed TZ Board documents and accounts?
If so, we will soon know:
1. What constitutes the mysterious $6.5M sundry debtors to the parent entity.
2. What the $2.4m financing cost in the March-09 cash flow statement covers.
3. Where the cash reserve reported in March has gone.
4. The mystery surrounding Sigalla’s on-again off-again 1.28M share placement.
5. What has happened to the $1M paid by Moon Corp around 11-Jun-09?
6. … and lots of other interesting things.
Heaven forbid that there might be some deficiency in TZ’s record keeping - which might just cast some doubt on the authenticity and validity of the Deed of Release.
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