At 14:1, theyll end up with 8.5 billion SOI, and almost certainly a large fraction of disgruntled ex-TMT holders looking to liquidate at the earliest possible opportunity. Im tipping a bloodbath with SP on the first day, if this take over goes through. This is the consequence of forcing holders to take script with no cash option. It could get real ugly.
all imho, dyor
TMT Price at posting:
24.0¢ Sentiment: Sell Disclosure: Not Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.