I spoke to a few people who attended the meeting in Amsterdam. It was quite austere. no forward looking statements were made and I think this will be repeated in Sydney during the AGM. Vote for the resolutions or you have lost your money. There is nothing wrong with that and I also think that voting for QVT and Mark is necessary. There was also a QVT legal representative attending the meeting. He was questioned by one of the attendants asking why QVT after having done a proper due dilligence decided to pay 24 mln dlrs. Good question because I took that into consideration after I was asked to buy the leftover Oasis stock that was being converted at a bit higher than the 3 dollar mark. 3.12 I thought it was. This is history but yesterday the answer was that 24 mln dlrs was too small for QVT. They were managing 7 mln bln dlrs bla bla and had a staff of 11 people and could not spend that much time on TZ. If this is the major TZ shareholder: A hedge fund controlling 7 bln dlrs who is in control on Feb 27 I am not enamored. Spending 24mln dlrs by only looking into Andrew Sigalla's blue eyes is not enough. I think nobody at QVT would have thought to get their money back if they would have pulled the plug. Right now they have a controlling interest in what I think could be a major high teck company.
TZL Price at posting:
91.3¢ Sentiment: LT Buy Disclosure: Held
