Ann: Acquires Ludus Cybersecurity, page-65

Why on earth would TNT want to acquire a loss making company
at this stage ? Last year FY20, AR9 had revenues of only $0.8M, and posted
an annual net loss of -$2.87M. How would that be a great combination ?
Answer - it wouldn't. TNT would then be subsidising a loss making
business to the tune of nearly ~$3M a year. Sounds like it would be a really
bad deal for TNT. AR9 are one of the most overvalued stocks on ASX trading
with an astronomically high MC of 100x annual revenue, a completely
unsustainable situation IMO. A "global force" - where TNT brings in $80M
annual revenue and AR9 contributes $0.8M and negative earnings to boot ?
No thank you. End of rant.

All IMO, DYOR