Ann: Share Purchase Plan - Offer Letter, page-19

SPP hopefully gets some interest. Good price at 7c. Unfortunate market price below that.

Doubt Tesserent will run out of cash. Glennan and Langford to much skin in the game and too experienced for that to happen.

Cyberbiz could be scaled right back if necessary.

I think I actually wrote a letter to Glennan a while back suggesting that a free trial be offered. Might be impractical.

Products of TNT are great. Price ok. Still think SMBs will be a hard sell at any price for managed security.

Distribution is the big issue.