TZL - TZ Limited

[YELNATS]

Anyone get the news today? TZ sign a global distribution deal with global leader - Anixter.

Very good news. When will TZL complete their Nasdaq listing which has been on their agenda for ages, or isn't it a priority for them any more?

 

[UBIQUITOUS]

Very good news. When will TZL complete their Nasdaq listing which has been on their agenda for ages, or isn't it a priority for them any more?

I'm sure it is on the agenda. TZ will definitly want to leave this tech backwater called the ASX.

However, it will be a result of more stable market conditions and revenue growth.

Both of these are very much happening.

 

[UBIQUITOUS]

Very interesting development today - A 'vigilante' group of the share registry has called for a meeting requesting a replacement of the current 3 board members.

MO and JF imo don't do much and I would happily see them go. As for AS, I'm not so sure that removing him is such a good move, especially considering the progress which TZ has been making recently.

The timing of this is shocking and very suspicious.

Fortunately, it is the managmenent team (CK, DR, BP, MS) where we have the real brains behind the technology.

 

[UBIQUITOUS]

Very interesting development today - A 'vigilante' group of the share registry has called for a meeting requesting a replacement of the current 3 board members.

MO and JF imo don't do much and I would happily see them go. As for AS, I'm not so sure that removing him is such a good move, especially considering the progress which TZ has been making recently.

The timing of this is shocking and very suspicious.

Fortunately, it is the managmenent team (CK, DR, BP, MS) where we have the real brains behind the technology.

Well theres a poll going on http://www.tzinvestors.com/

Not many votes yet, but 64% want the board replaced ASAP!

 

[prawn_86]

Response from TZL management today saying that none of the holders mentioned in the vigilante group are even on the registry Then they go off tlaking about problems with the guy they were dealing with in Malaysia

Its this sort of crap that makes them loook unprofessional and that they dont know whats going on. Perhaps thats the plan from the 'others' but how can you lodge a notcie if your not on the registry?

 

[UBIQUITOUS]

Response from TZL management today saying that none of the holders mentioned in the vigilante group are even on the registry Then they go off tlaking about problems with the guy they were dealing with in Malaysia

Its this sort of crap that makes them loook unprofessional and that they dont know whats going on. Perhaps thats the plan from the 'others' but how can you lodge a notcie if your not on the registry?

Prawn, the response was from the board of TZ ltd (the holding company), represented by 3 board members. Not TZ inc management (CEO,CTO,CFO etc) who have been doing a sterling job.

Yes, I agree, it was nothing short of pathetic. It was also very surprising. Before today, I was willing to see both sides of the story before making a decision. However, now I don't care who comes onboard - these muppets must go. Its not as though TZ inc need them,

They're all fighting over rewards before the i's have been dotted and t's have been crossed.

A plus was that Mark Bouris (Wizard founder) was mentioned in the release as having been spoken to about joing TZ. What a coup that would be!!

 

[jackcrimson]

Who are all these Dutch people and what on earth is their agenda? Are they simply trying to de-rail this stock or alternatively is this move anyway beneficial? Can anyone shed some light here?

 

[prawn_86]

Who are all these Dutch people and what on earth is their agenda? Are they simply trying to de-rail this stock or alternatively is this move anyway beneficial? Can anyone shed some light here?

I have asked all the same questions and have no idea. All i know is that Mr Market does not like it at all, with the stock having given back all of its recent gains. Markets hate conflict and uncertainty, and now there is yet another big question mark over this firm.

 

[prawn_86]

CEO Chris Kelliher resigned today without giving a reason.

Just one more big question mark over to company and the conflict within it. They have a great product but have not being able to actually be focused on what they want to achieve and how to get there.

The way things are going it looks to me as though they are on the road to bankruptcy. Not because of the product, but due to lack of leadership etc.

 

[UBIQUITOUS]

The way things are going it looks to me as though they are on the road to bankruptcy. Not because of the product, but due to lack of leadership etc.

All I see is a storm in a teacup.

The way it looks to me is that the board's hand has been forced and resolution is near. I have been buying as well as other believers. What we end up with is a more loyal registry which will serve the share price well.

Lets see what happens over the next few days.

 

[Santoro]

All I see is a storm in a teacup.

The way it looks to me is that the board's hand has been forced and resolution is near. I have been buying as well as other believers. What we end up with is a more loyal registry which will serve the share price well.

Lets see what happens over the next few days.

Agree, a loss but it depends who comes in to replace Chris, this could be toward the positive side of things, represents an opportunity. Although volume is up, sales represent a small portion of shares on market, those tired of waiting....

Holding............and waiting some more like the other 98+ %

 

[UBIQUITOUS]

Agree, a loss but it depends who comes in to replace Chris, this could be toward the positive side of things, represents an opportunity. Although volume is up, sales represent a small portion of shares on market, those tired of waiting....

Holding............and waiting some more like the other 98+ %

I wouldn't at all be surprised if he is back as President. CKs been President before. He loves TZ. He'll be back

 

[prawn_86]

Once again a lack of leaderships has shone through and the uncertainty has translated into big falls in the price.

Will this company ever actually get it together?

 

[prawn_86]

Appendix out with holdings of the new director. They want to grant him 3m options with a 3 year expiry and a strike price of $1.

No incentive there. Even more signs that the company doesnt seem to actually care about its holders or think that it will be worth much in the future.

 

[UBIQUITOUS]

Prawn, the battle is heating up. Have you read the email exhange between Bouris and Sigalla and the TZ lawyers?:

http://www.tzinvestors.com/?p=314&cpage=1#comment-433


This has to end soon. 5 weeks left.

 

[prawn_86]

Prawn, the battle is heating up. Have you read the email exhange between Bouris and Sigalla and the TZ lawyers?:

http://www.tzinvestors.com/?p=314&cpage=1#comment-433


This has to end soon. 5 weeks left.

Standard TZL innuendo and opaque disclosure to me.

No one actually knows whats going on and its all just conjecture, much the same as it has been for the last three or so years. Even the company anns seem like they dont actually know whats going on.

I can see these guys going broke, purely because they dont disclose what is actually happening.

With the amount of time and money some holders have spent on this, i would hate to think of the opportunity cost.

 

[UBIQUITOUS]

I can see these guys going broke, purely because they dont disclose what is actually happening.

Former seniors and a founder has been speaking out against the board on tzinvestors.

July 14 will either be d-day or the start of a trasparent era for TZ. Even more reason for shareholders to get their votes in for July 14.

 

[Santoro]

Former seniors and a founder has been speaking out against the board on tzinvestors.

July 14 will either be d-day or the start of a trasparent era for TZ. Even more reason for shareholders to get their votes in for July 14.

Mr Bouris is the founder and Chairman of Yellow Brick Road, a financial advisory firm. The primary function of YBR is in its accounting division. Yellow Brick Road (YBR) owns a number of accountancy practices and legal practices. In addition, it owns financial planning businesses and insurance broking businesses. YBR advises a range of clients from small business to large business in most aspects of finance, tax, fund raising, accounting standards, audit, forensic research, equity and share market activity. Mr Bouris is a fellow of the Institute of Chartered Accountants and YBR has 40 professionally qualified staff in its Sydney Head Office.

Mr Kenneth Ting – Mr Ting has a background in accounting, law and investment banking with a focus on the commercialization of technology and public and private equity raisings. Mr Ting joined Deutsche Bank in 1997 after 4 years at PricewaterhouseCoopers Corporate Finance and Tax division. He was Vice President of Technology Investment Banking at Deutsche Bank and worked in Deutsche Bank’s Sydney, San Francisco and London Office. Mr Ting has a passion for technology and has worked with technology companies throughout his working career. He has been involved in the completion of over $5 Billion in M&A, private equity and IPO assignments in Australia, USA and Europe. His industry specialization is in the electronics manufacturing, software, IT Services, telecom and internet sector. Mr Ting holds a Bachelor of Commerce and Bachelor of Laws with First Class Honors from Adelaide University and is a member of the Institute of Chartered Accountants. Mr Ting is currently an Associate Director of Nextec Strategic Capital, a Technology Investment Banking firm based in Sydney. He is also a Director of an international telecoms company which he founded in 2002.

Mr Willemde Vlugt – Mr de Vlugt is an experienced Industrialist. Apart from a few years at Akzo Nobel, he worked most of his life for Royal Packaging Industries Van Leer N.V (17,000 people and 42 countries), which he listed on the Amsterdam Stock Exchange in 1996. For 17 years he worked in the USA, France, Argentina and Brazil. In 1988 he was promoted to the Executive Board and in 1991 to Chairman and CEO.
Mr de Vlugt took early retirement in 1999 and with some friends started Linx Telecom, a small data transfer and co-location company which - after an initial difficult start, is now very successful and has expanded all over Eastern Europe. Customers include Boeing, Microsoft, Deutsche Bank, and HP.
Mr de Vlugt is the Chairman of Holland Venture BV and Chairman of ICT Automation NV, a public company which is listed on the Amsterdam Stock Exchange. He graduated in Law from Free University Amsterdam and attended various courses in Corporate Strategy at INSEAD and the Advanced Management Program at Harvard University

This should be a simple decision by shareholders, the nominations for the board by Klass Pool leave the current board wanting. I know where my votes will go.

 

[UBIQUITOUS]

This should be a simple decision by shareholders, the nominations for the board by Klass Pool leave the current board wanting. I know where my votes will go.

I wholeheartedley agree Santoro.

I don't know if any of you have today's AFR. There is a piece on Mark Bouris and his thoughts on TZ. Let's just say that he is very excited by TZ.

 

[Judd]

Well somebody is not overly excited since the Chairman, appointed on 2 June, has resigned.

And there is the possible breach of bond covenants as per the today's ASX announcement.

Trust all is OK but it is not a good look.