Financials
TZL - Cash raised $180m, current on hand 500k
Profits - zero, >$100m accumulated losses
Cash Flow B/E - no
Debt - yes, several million
Outlook - large loss for current year c$6m
Team
Chair - Track record with TZ poor, paid $400k plus for many years as part timer, share price from 90c to 2.8c under tenure
CEO - stood down years ago when lost major tender (share price halved), reappointed
CTO - who knows
Product
Postal Locker - no margin, now moving away from this sector due to losses
Data Centre - YOY business decline
Uni/Bdlg Lockers - showing growth
New tech - nothing of consequence
Cost Structure
Grown every year, high salaries
BE Point
Need 40m turnover to cover cost structure (currently at c$20m)
Market Cap
a paltry $15m, down from $200m+
TZL Price at posting:
2.8¢ Sentiment: Sell Disclosure: Held
