TS03 Inc Trust Units TSTIF

Grow it or get bought out

[ElanS2]

After the close of the AGM Rumble stated to me that, for the moment, the intention is to grow the company in terms of production offering and inovation without giving any explaination as to how other than the 80L for the operating room. His view is that as long as TSO3 is inovating and presenting new products resellers such as Geting will be happy to grow the business relationship and to encourage the developement of new stuff for them to sell. He believes that if TSO3 remains a one trick poney (my expression) the resellers will go into cost control mode by buying the company and reducing costs to that of a production plant.
IMHO we are looking at 5 years with Geting at a minimum as long as production meets what Geting can sell. The contract includes escape clauses so it could end early if either side is not satisfied. A contract renewal would probably not be accompagnied by another infusion of $7.5 million. Rumble stated that that is something you do only once. If TSO3 has only two products in 5 years expect to be bought out. If new stuff is being generated, whatever it may be, he expects to remain independent. He made many references to ETO and the lack of inovation since its introduction by 3M.
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