OTCQX:MRVFF - Post by User
Post by
consultant99on Mar 07, 2016 9:54am
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Post# 24629279
And the answer is...
And the answer is...The recombined Nuvo Research bid (4.00 + 1.60) $5.60 and ask (4.89 + 2.00) $6.89
SO it is early days but despite a couple of PRs this morning the net impact of the split has been to transfer $35 million to a questionable business, burn through $3 million in expenses and provide compensation payout for the BOD and management. Interest in the two stocks is being driven by uncertainty and a whole wack of CTX shares haven't found their way to shareholders which is probably the only thing keeping the stock from crumbling.
Bad news for me - TD will not let me sell any shares until the stock is in my accont and they do not expect the stock to hit the accounts until March 11th. I pleaded with them - even for a 1,000 so I could take out the bid but nota. Good news is the stock can't go negative.