Money will always be found. Its in directors best interests.
1.Tz stays quiet 2. Share price falls 3. Capital raising announced while Tz pumps stock but only to potential investors. 4. Tz pumps companya little longer 5. Benefactors exit while price rises 6. Go to step 1 and repeat.
The only problem now is that the price is so low that the 15% annual capital raising allowance generates very little money as we are seeing. Tz circumvents this by requesting approval to issue above the 15% annual allowance, as we have just seen.
Do not be surprised to see similar resolutions repeated. It's the only way a company can survive under inadequate management.
Ps... Our CEO is busy filming the apprentice for the next few weeks. Would only be morally right if he refused his TZ salary during such times, seeing we wont have a captain during this time.
TZL Price at posting:
15.0¢ Sentiment: None Disclosure: Held
