scoobyroo
I didn't sell...and won't be selling...this is a long-term play for me.
About the $1.27 per share that PE ascribe to their 19.6m shares in TZL .. one wonders what motivation they would have to pay double the current price in Oz?? The only reason I can see is that if they had valued their shares at the price in Oz at the time of 59 cents they would have been taking over a 20% interest for Intevia. they must also know that deals to be announced will see TZL go much higher than their $1.27 nominal price .. as will the NASDAQ float.
I reckon we will see more announcements in coming weeks. There were supposedly many client relationships developing during the protracted TFS sale period that had to be kept quiet at the time .. but we should be able to hear about them now that TZL has Intevia back. CH said in an interview last week that Intevia products were already in use in car engines, to secure first class seats in planes as well as in car dashboards. I haven't been able to find any ASX releases that revealed the details of any deals with car makers (only a UK aircraft interior fitout company) ... so we should hear about other deals/contracts/sales soon IMHO.
H
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