RE:RE:Somebody wants out. Over 1.8 million traded today.I see it as simple as this. The price spread between the two stocks...
Based on today's closing prices of SGNL ($0.075) and NEXG ($0.72)
Say you buy 10,000 shares of SGNL today at $0.075
SGNL $0.075 x 10,000 shares = value of $750
10,000 shares of Signal converted to Nexg (rate .1244)
10,000 x .1244 = 1244 shares of Nexg post merger of two companies.
NEXG $0.72 x 1244 shares = value of $895.68
That is almost a 20% value difference...so folks are buying all the SGNL shares they can get at these prices.
It is odd that the two companies are not trading at parallel prices keeping the pre and post merger values mostly at par values.
I see over 3.5 million shares traded on all platforms today