More than validated posing this now...
Mark,
I know you openly read hotcopper from time to time. You've confirmed on the MB Show. Yes I'm hiding behind a pseudonym but happy to discuss this in person. I'm using this as a forum as I feel more traction will be gained rather than just an email response which won't be seen by anyone else.
TZ is at or around 3.5c-4c right now. Can you look yourself in the mirror and say you have given all you have? And if you have, are you the right person for the role given we are where we are with many investors 90% down since your entry to the board? Your time is split between YBR, the MBS, speaking engagements, and other board roles. Yet all this when TZ is struggling to remain afloat. No, the share price isn't everything but in this case it's a direct diagnosis of where the market sees TZ. Struggling.
I've been a shareholder for approximately 5 years now. I'm not 90% down but I am significantly down on my investment. No one likes a paper loss and I am not immune to that. Do I feel I have made a mistake on my investment? Yes. But I don't feel this mistake is purely mine to own. I feel I have been misled over the years. From board meetings to shareholder announcements constantly portraying that the future is bright. But it's not is it? The company continues to lose money despite resuscitating claims that opportunities are there for further growth. But they are always coming and never here. And when they are here, they are significantly reduced conversions from the potential promised.
Where is the direction now to make this a commercial reality and within the best interest of shareholders? Realistically, the next announcement is a further capital raising. This means further dilution for no other apparent reason than working capital? What about the CR from 2 years ago, that 'wasn't required' but was necessary to drive new markets? Clearly that didn't work out. Where is the ownership to recognise these mistakes? The board continues to draw salaries and third party revenues despite shareholders losing more money every year.
We have been promised so much and been delivered so little. "Tremendous rewards to shareholders" ring a bell anyone?
I write this as a incredibly disillusioned and frustrated shareholder. Where are we going next? What is the business plan? All we get now is incredibly vague quarterly updates? How are these supposed to give confidence to prospective investors? It's a slow painful decline to 0c in anyone's eyes.
Please address your loyal shareholders. Hold a extraordinary meeting. Release a business plan with foundations. Change the direction this company is heading. Get someone suitable to fill the right strategic roles (you're not immune). Anything to direct life back in to this company to unleash the great potential this little tech company once held. Continuing to make the same mistakes is dooming to lead this company to the ultimate failure.
YS
LD
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Open letter to Mark Bouris
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.05M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.3¢ | $1.061K | 24.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 131279 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.040 |
1 | 30303 | 0.033 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 131279 | 1 |
0.047 | 105943 | 1 |
0.048 | 48000 | 1 |
0.049 | 500000 | 1 |
0.050 | 15000 | 1 |
Last trade - 11.09am 08/09/2025 (20 minute delay) ? |
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TZL (ASX) Chart |