RE Reverse splitThe stock price should be well over a dollar , merger or no merger. When FCU posts an excellent PEA report and a string of drill reports that other explorers can only dream about ,and the stock price drops ????
It is very clear that somebody who has lots of cash wants the price where it is or lower. Offer will show up before the merger closes.
NXE stock price moves much more like a normal stock on news releases. The problem with that stock right now is traders sucking cash out every time they issue a drill report. They have done the same with FCU stock for more than a year. Merger will help with this but not eliminate it. It will just take more money to do it and most traders in these small cap stocks will just go find another victim.
Look at the NXE board and you will notice all the traders have moved over there as nothing happening with the price here where they can make a buck.