RE:Down almost 1$ from high, still worth buying before merger?Honestly, you should want it to drop as much as possible for your share buy These shares will open the day after the merger at essentially 3 times the TRCH price (really you will have 3 shares for every one you currently have). This is a great opportunity to get in. I If meta is trading at 10 cents, it doesn't matter. TRCH is CAD 2.39 right now, if the merger were to happen tonight, each meta share would be worth $7.17 in the morning........ I like the mystery dividend play on TRCH but I have honestly been thinking of moving all of those shares to Meta. I also think TRCH will get squeezed in the days preceding the merger, because there is no mechanism for the shorts to cover the special dividend as it won't have an initial dollar value or be puclicly traded.
I have 100k MMATF shares and 26k TRCH.
PennyQueen