I don't see the problem.The AR said, to paraphrase, "cf+ by...

I don't see the problem.

The AR said, to paraphrase, "cf+ by early fy2001" i.e 01/07/10 to lets say 01/09/10.

Now they are saying by 30June2011 with a proviso that they raise capital and successfully commercialise.

To me it sounds a little like they don't want to be held account for matters which may be out of their hands and are just stretching out the deadline, which is what it was after demands for when TZ would be cf+.

Like I said, whats the big deal about cf+? As long as shareholders are given a regular account of where the cash is going then it is fine by me as long as it is going to develop deals. Remember it takes a good year+ to turn a deal into revenue which takes us to next year anyway.

Personally, I think TZ are scaling up, hence stretching out the breakeven deadline.