TZL 23.8% 2.6¢ tz limited

dutch presentation update?, page-5

  1. 1,039 Posts.
    lightbulb Created with Sketch. 16
    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.
 
watchlist Created with Sketch. Add TZL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.