Time to breakout, page-1621

Whilst I appreciate that the shares have not hit the market, the shares have been allocated.

In this case, the CR was carried out with existing shareholders, who in truth probably already had their desired holdings of TMT. Therefore, whilst these large shareholders do have the long term interests of TMT at heart, they have still been presented with 'free money'. They had an extremely easy opportunity to sell their existing shares on the market at 60 cents in the knowledge that they have been allocated new shares at 50 cents. They may have lost a small proportion of their relative ownership in TMT, but their monetary exposure would have decreased whilst keeping the number of shares that they own constant. Unfortunately, it doesn't matter whether these guys are brokers, short term investors or long term investors, if an easy opportunity presents itself to lock in easy profits, it shall be taken.