Toro is now a sitting duck post consolidation and severely prone to shorting. MUFG is known for tactical shorting. There is a significant way to decline from here. Much easier to do than from 1c pre consolidation. These companies know the government policy issue is ongoing and they know that the only newsflow to come any time soon is recycled studies. Easy to sell down in that environment Imo. Meanwhile management continue to get paid crazy salaries for basically being in a holding pattern. Easy money! Board are happy, institutions are happy too. They got a low entry for capital raise and now they can short out more parcels. The only ones getting screwed are us retail as usual.
Management really have cooked it here and imo it’s totally deliberate since the onset! Everything perfectly timed to occur at the best possible time to prevent share price appreciation. I did warn everybody that a consolidation was a HORRIBLE idea but most people in these threads seemed to support it. Maybe there are people in here working for the institutions.
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