As a TMTO holder I also question the need to hand out free oppies, 26c was quite a big discount/incentive anyway. Listed oppies going from ~6,000,000 to ~15,000,000, diluting my holding quite a bit (and apparently worth zilch!).
Sigh, it is what it is, they needed they cash, it wasn't that large etc etc I just wish we got to have a hand in the bargain bin.
Current share structure will now be ~88,000,000 shares and ~35,000,000 oppies, still quite amazing for a listed company in our position.
The key will be delivering targets over the next 6-12 months. Will they or won't they secure funding with favourable terms? That is the $1 question
TMT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
