Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-123

Hi tntbagwhale, I recently wrote my first substack and I covered the topic of how cybersecurity spending works in Australia and why it doesn't necessarily flow towards shareholders. One of the common things I've seen among desperate (and malicious) shareholders is the routine pumping of news articles. Aside from potentially drumming up some "greater fool" business, these news articles do not herald any meaningful changes in the state of affairs for Tesserent or other ASX-listed cybersecurity companies. I go through this in more detail here, apologies for cross-posting:
https://neke86.substack.com/p/the-spice-does-not-always-flow

Hope it helps any reader understanding what you've bought into.