They did not want to many shares to issue because the distribution proceeds will effect all existing shareholders. I think they would have been out in a corner due to Asx listing rules.
MTC Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)