Whilst I sold out during the Cyber divestment, I did take the...

Whilst I sold out during the Cyber divestment, I did take the time recently to meet with one of the new directors here to better understand what the business is doing and where the Indian ATM opportunity could go.

I think the new board members have a great vision for the business. I think the India factor is holding many back.

I recall when I first invested here and had a large position on the register I set up multiple meetings for Gary and even the 2 Indian managers when they were here in Sydney with institutional investors and fund managers.

We just couldn't get the professional money interested in any meaningful way at all.

Whilst I burnt a fair amount of cash here and time as well, I did learn a lot about investing and about myself.

You need to regularly test your own thesis and really understand what you believe about the business case and whether the management team has the ability and skill set to deliver.

10x