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14/06/23
15:57
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Originally posted by Wellconsidered:
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Shouldn’t this statement be looked into by the ACCC? Hansen and co took bloated salaries and share entitlements from the money provided by the shares bought by we who invested in good faith that he was on our side - we didn’t ask TNT to list on the ASX (yes, I know, we didn’t have to invest, however we were certainly asked to). This deprecating statement clearly suggests the failure in share price was due to (and perhaps facilitated by) a leader who hated the people he should have respected most (he didn’t have to like us) - the investors. This suggests a distinct disinclination to act in our best interests? Also amused at the statement in the overview on Tesserent website: “We start by listening.” (!!!!!!!!) Judging by stories of the unlistened to (not even acknowledged) communications from many of us who could see failures in communication from the benefit of experience in our various backgrounds, it really does seem that this man deciLittlded some time ago he hated being beholden to shareholders and was doing whatever was required to leave with his millions and forget the stupid idiots who ever bought shares in his company. Little companies are going to depend on the interest of little investors such as ourselves. If you list a company like this you do so knowing the type of investor you’re going to need to deal with, if you happily take their money. Between that and shifting round of Geoff Lord’s money while negotiations were underway, is there something to be investigated?
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It makes you wonder whether the TNT board are trying to remove the shareholders from the picture with this deal, before the shareholders have a chance to vote on their performance at the next AGM. Or quite possibly, before the shareholders might vote for a spill of the board ? All IMHO, DYOR