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13.0¢ tesserent limited

TNT - Vote Against Scheme / Class action law suit, page-2

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dbd25

6,244 Posts.

2275

08/09/23

15:26

Post #: 69787910
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Originally posted by Speculation: ↑

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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I agree with your sentiments. A class action sounds like a good idea too, especially if the vote goes against them.

All IMHO, DYOR

TNT Price at posting: 12.5¢ Sentiment: Sell Disclosure: Not Held
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