News: TFC TFS undertakes $60 mln institutional share placement, page-5

This announcement reaffirms my very positive long term view on TFC.

I wonder if TFC will disclose the current market price of the sandalwood in the offer documents and advise MIS growers they could earn substantially more at harvest. If not, I will be slightly dissapointed with TFC's business ethics. It will demonstrate a willingess to exploit their stakeholders: in this case the MIS growers.

Also, capping the retail offer at $5m is demonstrating a lack of loyalty to its shareholders (other than the large shareholders).