Why 2months YR?
TZ have just immediately maxed out their $4.1m credit card before the ink is even dry on the signature strip. They will therefore be incurring 10% interest to QVT immediately. To do this would be highly irresponsible if they didn't need the money. Its like taking cash out on your credit card to put it in your current account. Remember in the US, bank accounts pay next to nothing.
So if TZ have to spend the money, then how can they possibly wait 2 months to raise more? Where will the share price be in 2 months? What price will brokers' clients be offered? It won't be as high as 37cents in the absence of any news/publicity.
So to summarize
1. TZ had no money
2. TZ were loaned $4.3m
3. TZ have to spend this immediately
4. TZ will have no money again very soon.
5. TZ need to raise money in the next few weeks.
6. To do so with current shareholders in mind, then they need to get a wriggle on with the publicity thing.
7. To do so with QVT in mind, they should keep on smoking their cigars.
For better or worse, we will find out very soon as to who the real Mark Bouris really is.
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.157M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16688 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 112869 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16688 | 0.025 |
1 | 20229 | 0.023 |
1 | 588000 | 0.008 |
1 | 100000 | 0.005 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 112869 | 1 |
0.027 | 125000 | 1 |
0.028 | 211025 | 2 |
0.029 | 4080 | 1 |
0.030 | 166667 | 1 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
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