OTCPK:TRPXY - Post by User
Comment by
Fundy13on Nov 20, 2018 11:48am
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Post# 29000004
RE:RE:RE:RE:RE:30 days
RE:RE:RE:RE:RE:30 daysYou are correct, 20 day moving average prior to the actual closing date which is expected to be sometiem in Jan according to HUGE. That would mean todays share price woudl not even factor into that equation and probably will not until Mid Dec. We will know for sure when/if then release the definitive agreement.
But I could see HUGE being concerned that they may have to issue about 40% more shares to TRPX shareholder then they would have at the higher share price. However for a comapny that has already issued over a billion shares they do not seem too concerned about dilution and they had to know this was possible given how high they market cap was sitting.
I still feel good about this closing and TRPX share prices running up to $10-$12 relatively quickly.