Exactly insto's generally wanted blood for this end of town and they got it.... too many times I've seen placements followed by selling pressure just above placement price till insto's have churned out the risk from the deal(and many times taken a profit) .. they will sit on the opts that will be their risk-free play ...
But on another hand, if TMT mgmt can turn these funds into results that drive SP longer term then we S/H that have added at these levels will do very well aka we also do well out of the pressure selling from insto's etc ....
I ended up purchasing more ... bringing the average down
TMT Price at posting:
26.3¢ Sentiment: Buy Disclosure: Held
