This petition is on behalf of $TRIT retail shareholders. During this year, shareholders experienced a lot of ups and downs. We have been kept in the dark and have no clue what is going on with the company, receiving very limited press releases and updates. Still a lot of us stayed loyal and believers of the business model and also rooting for the long-term success of the company. We think it’s time that company starts to demonstrate more care and empathy for minority shareholders. And we are asking Triterras Inc to start a new “Share BuyBack” or “Stock Repurchase” program, similar to what was announced in early January and completed in April. We can see a lot of examples in the market wherein companies buying back their shares from the market resulted in increasing shareholder value in the long run.

Even if we own a minority percentage of the company, we have the right to request the company to take action, discuss with the board and authorize a new program after the 20-F if filed. We have been Patiently waiting for the ER report since the original November 1st deadline. Now is the time for the CEO and the company to demonstrate they care, are financially astute, hear and heed our voices.
Another stock $50M buy back program authorized will demonstrate the following:

Triterras is in excellent financial shape, which is good optics for stakeholders and the investing public
Triterras cares about its shareholders and employees (stock options program)
Triterras will not bend over to the shorts and Hedge Funds that have pummeled it share price
Triterras has excess cash (beyond required for smart acquisitions) that purchases of shares between $3-5 will provide a reasonable return to the company when it’s time to use these treasury shares for acquisitions in 2022 and beyond
A buy back is not a signal that acquisitions are few and far between but that a combination of buy back and acquisitions make the most financial sense at this juncture.