Under the arrangement with Pitney Bowes, TZI receives 50% of the...

Under the arrangement with Pitney Bowes, TZI receives 50% of the sale proceeds on order placement, with the balance on delivery. This significantly reduces working capital requirements.

If only all shareholders were aware of this, fears of TZ's non-ability to fund a roll-out/further capital raisings, could have been alleviated.

We would expect TZI to move to cash flow positive during the 2H FY2012

Interesting. Combined with the expectation that PDT will be very profitable during the same period, it means could be about to, or if not already running an operating profit. Of course we would need further periods to confirm this as some revenue recognized is from H1 backlog.