I just hope Tesserent can execute this growth strategy (acquisitions).
Hopefully Asta will be confirmed shortly. Add some nice revenue to the bottom line. Rather be diluted than for TNT to take on debt.
2 years of misery for shareholders so far.
The last thing we need is for TNT to make more dumb decisions regarding the business (ie load up on too much debt, acquire shitty businesses at high prices slater & gordon style).
At least Geoff Lord seems to know wtf he is doing. My advice, run everything regarding TNT past Geoff. Everything. Don't buy paperclips unless Geoff is ok with it.
Not overly happy that shortly after raising capital at 7c, TNT turned around and gave Geoff Lord a heap of stock and options at 5c. But overall, having him with skin in the Tesserent game is a good thing.
TNT Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held