Ann: Appendix 4C - quarterly, page-57

Some good points and food for thought for AR9 shareholders.

Archtis are developing, marketing and deploying a cybersecurity software product, which requires a lot of upfront capital. You would then hope that once they get the contracts then their operating costs wouldnt increase at a rate anywhere near the rate of their revenue increases.

I don't think Tesserent is a competitor of AR9. Tesserent provide more employee-based security services, with higher operating costs/lower margins?

I would think barriers to entry into Tesserent's market would be lower than Archtis's market also.

~$40m revenue run-rate sounds good for TNT, and they've acquired a few companies to make it happen. But to put it into perspective, they will be incurring ~$30m run-rate in employee and administrative costs, with a $15m loan at 8.9% pa ($130k/yr interest).

What is TNT's forward strategy looking like? What is their IP? (Not rhetorical questions... im actually not sure)