TNT has no real monetisable IP. No patents. They show no inclination to build an enforceable IP portfolio (this takes a certain investment strategy and internal structure and time). It seems nobody in the company is experienced in this space.
TNT does have smart, experienced people. Without IP, they can only generate revenue by consulting and services. In this light, the ASTA reverse takeover makes sense. For the principals of both companies, this arrangement provides an exit strategy. This is not a bad thing... everyone retires eventually.
Shareholders now need to reassess their position in a tightly held, competent, general IT services play. There is good business here, but it is not highly scalable. My recommendation to the board is to consider declaring regular dividends ASAP. This will support the share price.
