TZL 4.55% 2.1¢ tz limited

capital raising, page-12

  1. 426 Posts.
    http://www.asx.com.au/ListingRules/chapters/Chapter01.pdf

    See condition 8, which refers to profits test or assets test.

    Dont pass profits test do we?!.

    So, look at assets test- then look at our half yearly

    http://investor.tzlimited.com/irm/Company/ShowPage.aspx?CPID=1337&EID=10000000

    Note the requirement for 'net tangible assets' and note working capital requirement.


    p.s. I am not an asx expert, merely doing some surface scratching and trying to interpret in a purely amatuer way.

    Your Thoughts?
 
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