China Growth Stocks

[Rames]

TSTC - you can see this in a positive way. They had this shelf open since the beginning of March. There was never any doubt that they plan to do an equity raise. Also that the one and only reason for this is working capital needs related to the always exploding A/R balance.

It's positive that TSTC did not sell shares around the $10 level where the stock was trading for about six months this year. The price is not that terrible if you consider the average of the year.