Issue of shares 24 May 2011 4,613,333 $1.00 $4,613,000 QVT must be crazy considering that the share price closed at 28 cents this day. Thought they would have negotiated so they were receiving shares at VWAP, nice job management!
"TZI has shown significant revenue growth in the last quarter of the fiscal year and currently has a very healthy pipeline of revenue generating trials with major customers globally which, if successful, will translate into significant sales in the short to medium term. The Board believes that this will place the business unit in a strong position to meet shareholder?s revenue growth expectations during the 2012 financial year"
"In the last year, we have grown from an organization with only one full-time sales resource to a dedicated team of nine regional sales managers and four technical service managers." - how the hell did a company of this size only have 1 full timer for sales just a year ago? any wonder its taken this length of time for it to start to get traction.
The fat man definitely had no clue on how to run this ship.
TZL Price at posting:
38.3¢ Sentiment: LT Buy Disclosure: Held
