Coming from a large managed service provider... work out how many tech staff you need to provide 24 x 7 support alone. There are 168 hours in a week and you will always want at least 2 on every shift with many more during the day doing the non critical work. In addition those staff that work after hours get paid loading and are subject to 5 weeks annual leave a year. Security analysts are not cheap staff. So I would estimate just covering the roster would possibly require in the vicinity of 20 staff. You add onto that securty consultants, management, HR, admin and sales and you are quickly hitting 35 staff or so.
Staffing costs were 4.1 million so the average fully loaded cost of an employee would be close to around $110k (base salary, super, leave, loading, overheads).
As for the sale of blue reef refer to the below. Gain on IP was 571k... also likely those FZO shares are now worth more. I am happy to hold a this stage and see what growth they get for this quarter.
TNT Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held