Ann: Appendix 4C - quarterly, page-20

Not sure I understand the point you are making...

Based on anticipated outflow next quarter , if revenue increases by 1% - yes 1% - Tesserent is OPERATIONALLY cash flow positive.

Revenue has been increasing.

Not sure how you can mount an argument for change at Board or Executive level.

We are almost operationally cash positive. This was apparently what investors on the previous broker roadshow wanted to hear (that TNT operationally cash positive) before investing.