re: movement at the station Reading the annual report last night...

re: movement at the station Reading the annual report last night and thinking about funding over the next year - certainly apears to me that they will need a fistful of cash from somewhere very soon to continue to execute their business plan. Lots of big fat salaries to pay as well as a high capital cost production facility to operate. Also, the $10m licence fees from TXT aren't going to happen again this year right ???

Makes sense then that a placement is done in the near future to a friendly party (TXT). I'd imagine TXT would want to acquire a strategic stake (10.1%) that allowed them to keep some control against a t/over. This would probably give TZL about $9m cash and timing wise would fit nicely with TXT announcing the results of their strategic review and confirming that Intevia is the way of the future.

Also - liked the comments about future product releases and the potential of these products being compared to Intevia. TZL is no one trick pony.

All speculation from an ill informed punter

Cheers
Zinc