I wonder what time period CX Partners had in mind when they took majority control of TSi. Do you reckon they are in for the slow burn as well?
I reckon most Private Equity companies are in it to make money as fast as possible and if thats the case here they will be looking for the highest return as soon as possible.
As for the price, indeed the price could fall back to 0.003 it wouldnt surprise me at all but TSN does have money in the bank, its debt free and if it can conclude the deal with Salt then maybe there is hope down the track but if it doesnt work out then thats life sometimes in the market.
Sometimes we win and sometimes not. Hopefully this one comes good for all of us.
TSN Price at posting:
0.5¢ Sentiment: None Disclosure: Held
