Such is the naivity of this management!
Why do we have a regional relationship with PB for "Smartlocker" when the contract doesn't even work for us!! Please explain TZ!!! This is school kids stuff. The fact that we ignored the financial hurdle that we set for them was an indicator I guess.
TZ will not get to cash flow neutral in 1 year, not a chance in hell! Remember just two months ago they said we could be profitable by the end of June (4 weeks away!).
I'm sorry but they have no idea how to run a tech company. I imagine QVT are assessing options right now - I expect management to be gone soonish and a push for a trade sale. QVT are ruthless they will be fuming from this complete incompetence.
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