Post by
thedave2006 on Jun 26, 2021 4:12pm
all the best monday
i bought TRCH at 2.58 US.
Those buying TRCH closer to yesterday's close or less are sitting in the driver seat. This chasing TRCH from $7-$10 US may have a ST problem of sorts. Closing at $4.95 US for TRCH with a 1 for 2 r/s, puts the stock at $9.90 US. MMAT closing at $17.12 puts the Nasdaq version of MMAT at $13.93 US. Sonthing has to give, either MMAT (new listingfor them in US) has to go up towards the CDN listing or through the ups and downs settle in between $9.90 US to $13.93 US or about $12-$15 CDN??? Plus, taking into account much is shorted of TRCH before this conversion happens, it is anyone's guess as to next week's action and in LT, vs. how it fairs on Monday...until we get the conversion done. Oh yah, if bought and held through June 24, TRCH shareholders get a divvy of which needs TRCH to sell its previous business of oil and gas assets of some sorts of divestiture of which a placeholder is in accounts of investors that qualify should monies be made theough the selling of old company TRCH's o&g assets.
not much to do now but wait it all out, having bought pretty cheap and didnt know of the MMAT merger.
all the best, good luck to all.
Comment by
Baratheon on Jun 26, 2021 6:17pm
Good points thedave. How soon do you think you'll receive the new MMAT.Q shares in your account? Also, would you be able to trade (from the quantity you think you should receive) without them being officially there (yet)?