To have TZ stock revalued, TZ needs to exorcise ALL ghosts of the past and TOGETHER. This must be what TZ are working on and hence the 'delay'.
If we resumed trading based on just drip fed updates, then the sp might move up but just as easily move down due to lingering doubts on other areas.
Now imagine what the share price would open at if we had ALL of the following announced TOGETHER prior to resumption of trading:
1)ASIC launches investigation into former board AND GG group
2)Previous board's assets frozen (including shares)
3)Cancellation of Mooncorp shares/options
3)QVT repayment plan (hopefully fair renegotiation of $24mill convertible note ($1.50 @ 15%interest?)and option for TZ to pay in half in cash)
4)Details of Anixter deal including other developed applications
5)Forecast of future earnings
6)LOI resulting in substantial order from large pc manufacturer
7)Details of order from Hartwell
8)Details of order from BAE
9)New major customer interest
10)Some direct sales figures - eg home automation
11)Details of new broker coverage
12)Media coverage of all of this.
13)Realistic target of NASDAQ listing
Did I miss anything?
Okay, we may well not hit all of the above, but a majority (especially the key issues) should mean that the share price within a few days of trading would have to be many multiples of 96c.
After the above, the board will be allowed to purchase. If they do so, combined with details of successful end user uptake of Intevia + repeat business, the upward trajectory of TZ will be secure.
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Price($) | Vol. | No. |
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