tsi flounder for 5 years or accelerate now?

Firstly, for those that don't know, do the work on CX Partners (below) - all ex-bankers, Ajay Relan headed CitiGroup's PE in India since 1995.

http://www.peimedia.com/Product.aspx?cID=5496&pID=176084&contType=11&spkID=1247

Second, if anyone can drive the ATM business in India, it is these guys. Now the question is, do you want TSN to flounder for 5 years with 100% of TSi and slowly, slowly grow with obvious potential for a cap-raising in TSN (might need up to $10-15m), or, give up 75% for all the money required to grow TSi to potentially 5,00 - 6,000 ATM's over the next 2-3 years?

I know what I would prefer. If CX can expand the ATM network quickly, the upside to the business could be +500% and would put TSN well ahead of where it would be if it still had 100% of TSi. TSN is already undervalued at 0.04c, I put it at $12m with $4m cash and 25% of TSi (current value $32m) which is 0.07c at the lower end, not factoring in growth/upside.

TSN is cheap, whether you like it or not at current levels and given I own more than 15m shares, will be putting my vote in for a yay.