I won't pretend I have a source - just my own opinion.TEE has...

I won't pretend I have a source - just my own opinion.

TEE has been found out - Investors realise there's no concrete long-term plan... its all wait and see at the moment. The business as it stands can't continue to exist - TEE needs to expand to generate the kinds of revenue that will see the company grow.

Yes we've all heard about acquisitions - who are they going to acquire? TEE currently has an $8.5 million market cap. They'll need to target companies worth a few million in a similar industry with clients where they can generate cross-market revenue streams. To do that they'll need to rely on the few Million Gesaf have provided to fund the purchases, and to fund the intergratation costs - will take between 6 & 24 months before the positives of any integration will be seen.

The biggest problem with this scenario is TEE have been around for years - they are in debt up to their ears (on top of the GESAF loan) and continue to generate multi million dollare losses year on year - they only have approx $3 Million left of funding to continue to run this costly business AND fund their 'intended' acquisitions. It's unfathomable they could do both these with only $3 million dollars.

Now you understand why everyone's selling.