Who would be paying Andrew Sigalla’s accommodation bills while he lives in Chicago during the working week? is it the company or does this come out of Andrew Sigalla’s US$10,000 per month, living out of the country allowance?
Is travel between Andrew Sigalla’s weekend home and his weekday home paid for by the company or does that expense get paid for by Andrew Sigalla?
As has been stated you expect the company to be cash flow positive “by the third quarter 2009”. We have seen many deadlines come and go with unfulfilled promises and further to this. On what framework of customers would cash flow positive be built, what are the bread and butter contracts? What quantity of fasteners needs to be sold to achieve this milestone?
“TZ has signed a LOI with a major player in the computing industry to include TZ Intevia® technology into a new computer that will launch in 2009.”
(For some reason I would expect that if a new computer were to be launched in this year with our technology in it we would be needing to get the fasteners to them pretty fast so that production could begin for the Major Player’s launch hmmm where is the reality of this statement? Where is the PO? When is our production cycle gearing up after all we’re not just making buttons on a string are we?).
How many units are expected to be in the first production run? Surely that information is in the discussions that led to a letter of intent. Are we talking 1,000 _ 10,000 perhaps 100,000 units? When would we be expecting the first Purchase Order? Or does management think this is not material information that shareholders would use to base investment decisions on. For that matter where are any orders?
In fact is the computer deal another bus seat belt, another storm door lock, another aerospace deal, another convertible latching device, perhaps it’s the same as the glove box lock. Continual Promises and no delivery seems to be the standard set by this axis of evil.
Why were we not told of the disintegration of the Malaysian deal until it could be used by the directors to attack Patrick Chew?
AND WHAT SORT OF CLEAR AUDIT TRAIL IS THERE TO ACSERTAIN WHERE ALL THE DISAPEARING FUNDS HAVE GONE
There seems to be a rather large increase in other expenses as well how can this be explained with no sales?
__________ Half-year ended 31 Dec 2008______Half-year ended 31 Dec 2007
Other expenses _(1,366,353)________________(269,628)
As for this
BAE After extensive planning on three separate programs by BAE, they are now looking to integrate TZ technology into existing funded projects.
BAE York are currently preparing a “proposal” to the Armor Group based around the successfully tested and proven high temperature TZ IRAM fastener.
(THIS SHOULD BE A BIG MONEY SPINNER after all In 2007, Armor Group posted a US$9.2 million profit, reporting $295 million turnover for that year).
Once this program is established a second project based around Line Replacement Unit security will be “proposed” into the electronics group.
(Is the “electronics group” part of the Armor Group)?
Finally, the third program, which is not yet publicly defined, will follow.
(What the hell does that mean)?
Now Andrew told me that he believed there would be ORDERS from BAE by the end of March. NOT a “proposal”. Perhaps March next year!!!
POTENTIAL POTENTIAL POTENTIAL
Of course without the actual privilege of reviewing the Books no one knows whether an audit is in order or Criminal Prosecution.
The above assets are not subject to interest and the full amounts are expected to be received in the ordinary course of business and usually within 60 days.
OF COURSE SIXTY DAYS MUST BE A RELATIVE TERM!!!!! Which relative though I’m not sure.
TZL Price at posting:
$1.14 Sentiment: None Disclosure: Held
(20min delay)