After an R.S is announced the share price tends to fall, however some companies have announced R.S merelt to scare weak hands away and shore up (and find) its real stock price.
We can assume one of two things, either the company has plans to rebuild the stock price *why else would they NOT have commenced the R.S, which would've been an easier way to sell shares quickly*
Or the deal fell through and they had no ability or desire to follow through with it (this of course leads to other scenarios; what of the app, what of their media assets, etc) we can assume as well that ttcm is still sitting on the media assets and app, and that *something* is happening.
Im putting faith in the company recovering, and i think there are a lot of people out there who agree
