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A look at the balance sheet of Tranzeo (TSX:TZT)

Canadian Stock News Cantech

/>1. Price to sales: 5.56

As of November 12, 2009 (Q32009) Tranzeo had 38.07 million shares
outstanding. The price as of January 22, 2009 was $1.63. However, after the Q3, 2009 numbers were reported on November 12, 2009, Tranzeo closed a financing with Canaccord Financial Ltd. and Dundee Securities Corp. Through this financing (on December 24th, 2009) Tranzeo issued 6.9 million shares at a price of $1 per share for total gross proceeds of $6.9-million. We have added these 6.9 million shares to the amount reported in the Q3 2009 financial statements. This gives The Company 44.97 million shares outstanding. Therefore Tranzeo’s market cap is 73.3 million ($1.63 x 44.97). Trailing four quarter sales were 13.19 million.

2. Cash to Market Cap: 9.4%

As of Q3 2009, Tranzeo’s reported cash and short term investments was zero. However, after the Q3, 2009 numbers were reported on November 12, 2009, Tranzeo closed a financing with Canaccord Financial Ltd. and Dundee Securities Corp. Through this financing (on December 24th, 2009) Tranzeo issued 6.9 million shares at a price of $1 per share for total gross proceeds of $6.9-million. We have added this 6.9 million to The Company’s cash and short term investments. The Company’s market cap, as of Jan 22nd, 2010 was $73.3 million ($1.63 x 44.97 million shares outstanding)

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3. Debt to market Cap: 0.013

As of Q3 2009 reported long term debt was $100,000

4. Trailing Three year growth rate: 10.5%

Tranzeo’s sales were $14.56 Million in 2005. Sales grew to $19.41 Million
in 2008.

5. Enterprise Value to Sales: 503%

Enterprise Value as of FY end 2009 is $66.3 million, based on a
market
cap of $73.3 million plus $100,000 long term debt, minus cash
and short term investments of of $6.9 million. Sales for the trailing four quarters totaled $13.19 million.

All financial information about Tranzeo is gleaned from
their filings with the System for Electronic Document Analysis and
Retrieval (SEDAR)
All calculations are based on The Company’s closing share price as of
close January 22th, 2009: $1.63
Sales from trailing four quarters: $13.19 million
Cash and short term investments as of December 24th, 2009: $6.9 million
Shares outstanding: 44.97 million.

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About The Author /

Nick Waddell
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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