With RCF's investment sitting well into the red, it could be said that they've screwed themselves. For them, they are effectively trapped in TMT due to the size of their shareholding, no chance of getting out due to the lack of liquidity. For them, TMT is a lobster pot. Maybe they could plan an exit strategy from the merged company, if the liquidity turns out to be higher. I would think this has to be on their minds right now, hence the push to merge.
All IMHO, DYOR
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