Moving Forwardwith the Strathcona merger and calculating to the best of my ability, I expect I will receive Strathcona shares with an estimated opening market value of $28.32 per share on Thursday representing roughtly a 14.7 to 1 Reverse split ratio while using $1.92 for PIPE as an estimated closing value on October 3rd..
A positive is the stock will now be marginable.
A negative is that In order to recover to my PIPE investment as of January 2023 the Strathcona stock will need to rise to $44.73
The plan - I bought a "few more shares" today to average down, and I'm hoping that by Christmas this will look like a good idea.
Cheers