Roznov,My skeptical view is that the funds were a struggle to...

Roznov,

My skeptical view is that the funds were a struggle to get, hence cheap options were required as a sweetener, just to get them interested. I also fear that they wanted more $$$ but this was all they could get. Now, I cannot substantiate those comments, but fear this is the situation.

With respect to overall funding, yes, i agree that they are confident with selling Tz. But we are left in an difficult situation if they cannot sell before commitment to Tz funding is required. They better be on top of this issue.

I am quite annoyed, yet not entirely surprised that they mentioned 'working capital' as a use for some of the raising, I just think that stinks.

Im all for the idea of forcing management to come clean and actually spell out what their plans are for the next 2-3yrs. Trust is what we lack, and what is required to get the necessary funds for their future cash commitments. They better start building some, quick smart

Cheers,
Split