tamz - I couldn't resist buying either when the SP hit 5c in mid May, after watching their client list grow fairly impressively. I posted about it too, and included the big brand names (# 67830926). There wasn't much activity here on HC a month ago, I think most people had lost faith in TNT and its declining SP. But TNT just looked too cheap to me for what was on offer. I only grabbed 300k shares, nothing like your 4M, and was waiting to see if it hit 4c before grabbing more. Of course it never eventuated. I have no regrets, still a tidy profit to 12c. I think TNT was the definition of "oversold". I will be very interested to see if they release a 4C for the FY23Q4, to find out if they made a profit. It appears the debt level that has now blown out to ~$57m, should be a stark reminder that the company's finances have been their achilles heel.
All IMHO, DYOR
TNT Price at posting:
12.5¢ Sentiment: Sell Disclosure: Not Held
