Correct...but this current quarter should be cash positive.
Geoff Lord didn't invest in Tesserent to make 20c a share. The blokes worth $150 million or more. Would think he'd be looking for 50c a share minimum. He has form via his UXC investment, where he made a killing.
In addition, Mr Lord is the former Founder and Chairman of UXC Limited, one of Australia’s largest IT services businesses. After being founded in 2002 as a $5m business, UXC grew under Mr Lord’s leadership to be acquired in 2016 by NYSE-listed Computer Sciences Corporation (now DXC Technology) in a deal valued at A$427.6m.
TNT Chart, page-83
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