TZL 0.00% 2.1¢ tz limited

once again not a bad performance, page-19

  1. 16,288 Posts.
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    glyco

    Just a comment on your mate's email. My reading is that CS accepted shares at 59 cents and options exercisable at 75 cents (now $3.75 in the consolidation proposal) ... not shares at 75 cents. So anything over A$0.75 is profit for them (on 3 million shares)...so you can be sure they will be looking to get TZ away at $1.27 or above!!

    From Half Yearly:
    The Company issued 847,458 ordinary fully paid shares at 59 cent per share as part of
    final payment to external advisors in respect of capital raisings.
    − The Company issued 3 million unlisted options exercisable at 75 cents as part of final
    payment to external advisors in respect of capital raisings and the acquisition of Intevia®
    business unit.

    H
 
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