I wouldn't call it a disaster. Sophos pumped a solid $8m into TMT and that's all that was needed. SPP was a necessary PR evil to include existing shareholders. Coulda/Shoulda/Woulda... it was done with good intentions IMO.
I personally don't expect many news in the short term so I think the price stall reflects that. DFS won't be out until late Q3 2021, I expect a bit of a lull year ahead and the recent market interest was correctly capitalised on at the opportune time.
There was plenty of time to buy earlier this year for those who believed and be comfortably in the green now. From that vantage point, fair for some to take profits, moderate their holding and take advantage of more immediate opportunities elsewhere. It will move up and down and I am happy to pay more than current levels when that's needed, I just can't see anything on the horizon that will make the price double in a short period so I am not surprised if this drifts for a bit.
TMT Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
