necessary dilution

i think that dilution will be necessary whether its via convertible notes or the issuance of shares.

initially we shall require funds to possibly pay QVT interest and then some of the creditors.

legal action against former directors will be hard and is not the immediate priority.

the cash burn rate of $500k per month is probably the ball park until things can be ramped up.

so overall maybe $10m - $15m needs to be raised in some form or another.

the main thing is having MB and KT committed to this, forge relationships with funding sources and customers and then get the right technical and sales people driving TZL hard. it could be a long year but 2011 could be profitable.

mm and others are right, Anixter is a good contract, they just want to know that TZ is going to be in existence and have the confidence.

it was nice of JF to leave f8ck all trail for the new board - absolutely disgusting and at some stage this will come back to bite him - maybe the salad tossing clip, although he does not even deserve that.

testing times ahead for TZ but MB seems to try and do the right thing, just hope the task is not too large.

good that QVT are actively involved, hopefully they know that a big pay day could come, albeit a bit longer time frame.

Aerospace would have probably gotten traction by now if it was not for the Global financial fisting.

Maybe licensing Asia is the quick win the collaboration have been considering?