Looking at broker flows in FTT, unsurprisingly Taylor Collison...

Looking at broker flows in FTT, unsurprisingly Taylor Collison were the large sellers in May, selling 32m shares for the month. Given they underwrote the raise this was to be expected. June to date TC have only sold 400k shares (and bought an equal number) and so the overhang from the raise is now effectively over. Current selling comes from Morgan's and CommSec. Morgan's were around in the Tissue days so likely reflect the last stale Tissue holders selling into the bounce. CommSec likely the HC posters on this forum. With the overhang from the raise removed I think the stock is primed for it's move up. I've been buying more post the excellent recruitment results in May and disclosure that June is off to a great start. $40m for a company so close to phase 2 read out with good recruitment momentum just seems way too cheap to me.