Selling a company down the river, banking profits and moving on may or may not satisfy fiduciary duty to shareholders. Might have to read some more on it.
Pretty sure the board would need an expert independent valuation to be able to even make such a recommendation.
The last valuation was done by Lonergan & Edwards in the lead up to the 2009 AGM and was done so on the sniff of an oil rag in terms of historical data and their assessment of situation/operations at that point in time and a largely unknown future in terms of even forecasting a budget for the foreseeable future 3-5 years. It was also done to justify the Rescue Plan.
To put it mildly, things have VASTLY changed since then.
I repeat, why would our current board previously sales pitch each TZ division as having the potential to earn gross sales into the hundreds of millions and then trade sale us off at $3 ?
I am not going to look at CXS goldstandard, I only care about TZL.
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Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $5.901M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $2.572K | 108.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41873 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 125000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41873 | 0.023 |
1 | 588000 | 0.008 |
1 | 100000 | 0.005 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 125000 | 1 |
0.028 | 211025 | 2 |
0.029 | 4080 | 1 |
0.030 | 166667 | 1 |
0.033 | 24575 | 1 |
Last trade - 14.13pm 06/09/2024 (20 minute delay) ? |
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