Ann: Net Tangible Asset Backing - March 2022, page-3

Great update. Held steady in spite of market volatility hence why having some money in unlisted assets is a good idea now.

Sendle's value hasn't changed, I suspect, because they may not have conducted a new round of funding - which is sometimes used to update the fair value of the unlisted investment.

I said this yesterday and I'll say it again, the cash holdings and Sendle investment alone covers the entire market value of TVL, everything else you get for 'free' (and those other investments are not worthless).

Long term holders should be rewarded. You should draw some confidence in the director just buying 1 million shares at an average of about 16c per share.