My Thoughts for the weeks ahead, page-8

The most important announcement was made on 21/10/16 to acquire the remaining balance in TSI.We are told they have a run rate of $55 million but we don't know what the profit is.I suspect last financial year they were around a break even situation.If this is the case they will need very good forward projections to sell to the banks/fund managers to raise the $47 million.We are also moving into the holiday period where many parties won't be available to negotiate so this could cut the time down.Its a see the wood for the trees type situation because it does not matter how big the Indian market may be unless they get the deal over the line how would the market react.