vlugt resigns, page-33

Just for you Brian: This is from the February investor presentation (ops update section - page 50):

Current TZ Praetorian Installs
*Variety of market verticals:
*Government - State of Nebraska (shown below)
*Religion - Church of Latter Day Saints
*Education - Washington University (Genome)
*200+ more in the pipeline including Financials, Healthcare, Telecommunications, Media and
others

The last bullet point instantly brings back memories of the infamous early adopter program. Who can forget all of those imaginary companies beating down TZ's door trying to hand them suitcases stuffed with c-notes?

This time, is it for real? What constitutes a pipeline? (is it just a list of companies to call or is it a group of companies who have placed deposits?). Looking at the facilities already fitted out, I'm a believer...again.

I am really very keen to find out how Praetorian is selling by the way of increased revenue figures and actual projections.

Ok, now back to the cake fight.