Besides RCF I wouldn’t read to much into that commentary. We went to the well for more money and got what we came for.
institutional investors look after number one first. RCF do so by getting in early and playing the long game. Most will sell out of a position for a small margin if another opportunity presents itself.
whilst nobody likes dilution a few more shares on the register probably loosens things up a little from a liquidity point of view because we all know how tightly held these shares are
I still see a day where the sell side disappears off the back of a green light. Doesn’t happen often but when it does it’s great to have already booked a ticket on the train. All in my opinion of course
Ann: TMT Strengthens Cornerstone Support - $11.5M Placement, page-64
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