You might be right. The way the sell side is being stacked on TM and CXA, looks like the pros are deliberately taking it down. This normally they are onto 'a rumour' of upcoming.
Going to sit on the sidelines again and watch them destroy value further. Could be for another dilution/acquisition or more management incentives? Or a leading up to a big crossing to get a managed fund out at the lows.
Always liked this specific project but it looks like it will be caught up in all the other shenanigans. So probably still uninvestable.
Always a red flag when I become positive about a company's prospects. They normally come under instant heavy pressure and fall 70% or so.
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