It seems to me that the pursuit of the old board should be undertaken by ASIC (and ASX) and not paid for by TZ. Surely ASIC should have started on that by now, with the evidence and complaints given to them by the Chew/Pool group and other shareholders. TZ should only be providing other information rather than further significant legal work.
Hopefully the shareholders will be kept informed of progress in this regard, and the board concentrating on getting the company back on an even keel (to use another nautical simile). I would like to think it is not on the bottom of the ocean though.
The new board needs to sort out the finances, appoint a CEO (not sure what to believe about DF and CK in the circumstances) and ensure all aspects of the company are running smoothly.
I was a sucker for the NASDAQ story and I would also like to think that can be resurrected in the not too distant future.
R
It seems to me that the pursuit of the old board should be...
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