TNT 0.00% 13.0¢ tesserent limited

TNT - Vote Against Scheme / Class action law suit

  1. 275 Posts.
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    As most of us long time investors probably feel, the sell out at 13c is an absolute disgrace.

    - the share price has been manipulated downwards
    - they have just turned the corner with profitability and cashflow
    - the weighted average method is for too short of a period
    - trading has been during a period of historical inflation rates
    - trading has been during multiple interest rate rises which hammers tech share prices and not reflective of its value particularly with deflation on the horizon
    - many long term investors are around 20c average entry and an average price should be taken back further before the inflationary environment
    - further trading would improve business value as they continue on their positive trajectory

    surely this is a massive breach of their directors duties. I hold a huge amount of this stock and I truely believe that the scheme should be voted against.

    to make this fraudulent act even worse, they haven’t sent me a scheme booklet with my id numbers. Even after I’ve spoken to them I didn’t receive it.
 
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