the big conundrum

It needs to be sorted out and soon or I fear a rush for the exits will continue until there are no buyers left. Yep you guessed it, I'm getting an earful from quite a few people who I got into this, and cannot bear to tell that they should get out.

Here's the massive problem that I see. With QVT and co having the right to have their $1.20 notes converted at the lower of any future cap raising, then that means that if Tz have to raise $20 and it's at what is on offer eg 50c, then that would mean 70m more shares including all noteholders! This is only IF noteholders decide to convert. If they don't...well I think we all get the picture.

Tz need to raise money but they just can't at these prices. It makes me sick to think that Sigalla and co might have the last laugh.

Any thoughts on this matter?