Quite disgustedThis potential delisting of Tranzeo from the TSX market is, rather it should in fact be considered by all concerned Tranzeo shareholders to be representative of “the final straw”, if you will.
One could certainly support an obvious want for a change in senior management.
To this end, James A. Tocher, the current Tranzeo Wireless Technologies Inc CEO, should be handed his hat and should be unceremoniously escorted out the front door, if you will.
A Cantech Letter representative wrote the immediately following brief notation.
“Wireless network equipment maker Tranzeo, whose shares have been in an eighteen month freefall attracted some bottom fishers this past week, reaching $.22 cents. But that's a long way from the company's recent high of $1.67 in late-March of last year.”
https://www.cantechletter.com/2011/07/top-tsx-techs-july-18-22nd/
Tranzeo shares close at a price of 16.5 cents, down approximately 17.5%.
Hmm; one does at times ask oneself what a certain equities analysts named Greg MacDonald, formerly employed by National Bank Financial and presently employed by Macquarie Capital Markets Canada, could have to say about current senior Tranzeo Wireless Technologies Inc management and the very performance displayed thus far by James A. Tocher et al.?
And here we were waiting for Mr. Patrick N. Smith, the recently appointed “Independent” Chairman of the Board of Directors, to actually go about assisting current management in the production of and presentation of some sort of negotiated deal which could somehow serve in providing common “peasant class” Tranzeo shareholders with a greater sense of “shareholder appreciation.”
Sherbet2