for the first time tz mentioned by pdt, page-10

TB,

Realise that I want to hop out from under my umbrella but words are cheap and you produced the same stuff when Sigalla and his cronies allegedly were raping the company.

Quotes:

"1. The board CANNOT buy any stock until the financials have been released."

Irrelevant comment. Even if they could, the board wouldn't put any cash in until they have bottomed out the financials and are completely confident it is going in the right direction. Sigalla putting our money (sic) into the company to support the share was viewed favourably by most but was pie in the sky. Mark Bouris didn't get 200million by going to Lindsay's races and will not put anything in until the risk reaches a tolerable level. Lets hope he will

"2. The board would have seen the near empty bank accounts back in June, prior to Ernst and Young going to work.

Since then, look at what has happened:
1. Resurgence fund

Good, thank god for that team

2. QVT kept on board (plan to be announced by Monday)

Breathing space but at what terms will be interesting to see, I will be happy to eat humble pie if we are then recapitalised properly.

3.Products launched, more on the way

No widgets sold and 2 million Larson doors flapping around a warehouse somewhere and I remember you thought a blinking door with a combo was going to make us billionaires by Tuesday.

4. Numerous trade shows booked by TZ and Anixter.

So what, we have won yacht awards etc etc, talk is cheap.

5.ASIC+freeze on former director assets.

Great maybe we'll get some money back"

Somebody please answer the question. Have you been to Chicago and seen TZ? Does it have an office, a lab and a production facility or is it a desk in a hotel room with a drop box? I actually don't know. I haven't been and there have never been any worthwhile pictures. I assume it has as Ken Ting has been to visit but have you been? Do we have the capability to deliver to Anixter and if not how much investment is needed? Is the LOI real?

The actual reality is that we are back where we were 18 months ago but 24 million poorer. Yes we have got the odd product in our catalogue, but how many have we got to sell and how many customers do we have?

On a personal level, I have just about managed to let go of my cash so I will sink or swim with the company. But for about 2 months of this year every morning I have woken up, the first thing on my mind has been the theft of 120k and how I will make it back. The new board have let me sleep more easily but Sigalla's alleged deeds have real effects on real people, it isn't just a fat boy stealing a couple of doughnuts on the corner. Yes the image makes me laugh but not when I know I could have a bloody house built out of the things.

"TZ's light is shining the brightest ever. Just look under the lamp shade."

Potentially it might, if we look under the lamp shade we have an energy efficient bulb but the plug is not yet in the socket. As for product acceptance we will shortly find out whether it is an Aussie socket and a Spark plug, the only comfort is that SIgalla, Falconer and Otten might find out about socket compatibility from Leroy soon. If they don't get banged up I might have to take up embezzelment as a future career.



Schnowzer