To be fair, I think Tesserent have improved communications recently.
I accept that Tesserent are trying to grow the business, and that involves spending money up front, and then waiting for increased sales etc. You spend the money first, and then wait for increased sales to flow later on.
But without explanation, and some guidance about when Tesserent is expected to be cash flow positive, it is hard to get people to invest in a company burning close to 1 million in cash each quarter. The company has been in business for 10 years and was profitable before listing on the ASX.
I believe some solid guidance is needed on when Tesserent can expect to be cash flow positive. That is likely to get investors interested.
TNT Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held