I just would like to throw it back to you, but do you think that it is possible that everybody viewing TZL posts are in fact current shareholders who have already spent all that they can or are willing to - especially considering that the performance of the stock price and lack of investor promotion is warding away any investment? Is it possible? Think about how many new posters you have seen over the past 2 years. Not many eh?
On the point that Para 'eluded' to, damn right there is a strategy behind this, and I think you should give it just a little thought about what that strategy is before you assume shareholders' interests are aligned with QVTs and the boards. Yes the board want to make money out of this just like we do. However that doesn't mean that they will only make money if ALL shareholders do.
Consider a change of control scenario. It was written into the options resolutions (the ones we were 'whipped' into approving at the AGM 1 year ago) that a change in control (trade sale) means that ALL of the board's options can be exercised at the point of sale rather than the exercise dates up to 2013. So a trade sale tomorrow at $3 will see MB make $15m and QVT make about $250m. Yes $250m! Are you really betting that these parties will not bank such profits?
YR, as you are a long time holder, please tell me how much you will make at $3. I'm betting it will be close to zero if not a loss.
There would probably be no vocal complaints at a $3 sale as those who didn't have the foresight to average down below the sale price, will be those very people who will think that they have come out on top by recouping some of their investment. They will live their lives none the wiser and I guess thats no bad thing.
At the end of the day, we can only blame ourselves if we don't come out of this with a profit, especially if we are not asking the board the hard questions now. Good luck with whatever you decide.
TZL Price at posting:
25.9¢ Sentiment: None Disclosure: Held
