Thanks for your thoughts Writer. About the 'deluge of sellers', they can only really appear if buyers show their buy orders which is not happening. Unfortunately I do not see any upside in the share price until we have SIGNIFICANT news. A little more revenue will only serve to tease out more sellers. A MAJOR deal or two, combined with publicity, should swing things in our favour.
Until then, buying shares in TZ is a trap ie once in, very difficult to leave with any profit especially in the short term. Historical evidence shows this. Take Sydcomp investors for example - 40% down in 6 months, or Right Issue investors - 25% down in 6 weeks! Such evidence only serves to deter other potential investors.
As for a takeover, I think any offer will leave some shareholders asking a lot more questions than are already being asked.
TZL Price at posting:
25.9¢ Sentiment: None Disclosure: Held
