20M cap raise is peanuts and if you wanted 21c it was that level 2 weeks ago. I hope this is just institutional raising as stated rarlier more likely to hold than to dump like retail would.
We dont know much yet but give it time, TNT hasnt done a CR for any of its recent acquisitions, they have cash in hand and more script will probably be handed out in the acquisition. This will most likely be one of its largest acquisitions to date, maybe bigger than airloom.
We will find out more soon, there are plenty of possible targets that i dont think anyone will be able to guess what it is, and as other have stated SOI isnt as bad as people make out, plenty of other small caps with higher market caps with more SOI.
Enjoy the weekend, and lets judge management decisions once we know what it is they are actually doing.
p.s. shaws doing a report before handling the CR i assume would be standard practice.