Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-48

Great post.

I previously said the acquisition strategy hadn't created shareholder value. References to "partner conflict" concerning as a shareholder. If I was a partner and the share price was at 5c, and I had sold my business for TNT shares valued at 20c per share, there would be conflict for sure.

Moving forward, the Tesserent Board need to put future acquisitions on ice. Bed down the existing acquisitions before acquiring more businesses. Focus on organic growth. The work is out there. Keep it simple Kurt. We are running a business, not trying to put someone on the moon. And don't forget the magic work....PROFIT. It's what a business is all about.

Common sense really. But you know what they say about common sense.