It will be the ending $TRCH price, so in your example $5.

airman1 - I'm also trying to figure out if receiving 3.6X shares is more valuable than the future dividend payout. Both companies share price fate is in the hands of the $TRCH share price. Both are a 100% participant in any short squeeze appreciation, and conversely any large share price decline. Right now $MMATF share price is irrelevant except for those buying it prior to the merger. It just seems like the div has to be pretty substantial to be worth 3.6 to 1 shares. Thoughts?

I am long, but late to the game and trying to understand dynamics the next few days. Is there a reverse split in the works? Those w more $TRCH history please help...

Per 12/21/2020 TRCH 10K...


Under the Arrangement Agreement, Torchlight will also submit to its stockholders a proposal to approve the issuance of stock under the Arrangement Agreement and amend Torchlight’s articles of incorporation to effect a reverse split (the “Reverse Split”), to maintain compliance with the listing standards of Nasdaq. In connection therewith, on February 4, 2021, we filed a preliminary proxy statement (the “Proxy”), with the SEC.

From 6/21

https://pulse2.com/trch-stock-price-increases-over-40-pre-market-why-it-happened/

...Torchlight had also announced a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on June 24, 2021 (subject to adjustment for any reverse split of Torchlight’s common stock after the record date but before the dividend is paid).


DO THE TWO OF THESE SEEM TO INDICATE THAT A REVERSE SPLIT OF $TRCH SHARES WILL OCCUR BETWEEN NOW AND 6/25?

Can the 3.6 to 1 share exchange ratio be reduced following the issuance of new shares, or was that number locked in regardless of outstanding shares?

Nomis position and reported sales…

https://stocktwits.com/Newsfilter/message/347125614

Big sale by Dale. 742,389 @$18.86. Woof.

Interesting thread on Stocktwits about how options are killing share price. I know little to nothing about options, but am curious as to what others think…

https://stocktwits.com/realjrobinson86/message/346103906

That was an ideological battle waged by millions of buyers. I was even hitting the ask for $5 at a time just to help out the cause. If $HGEN starts to plummet there’s no army of people to hold the line. Those people were willing to go big or go home, many with few regrets either way. Some did very well, some held bags. My belief is that the HGEN investment community is a much different group, with different objectives. Most of us have an investment thesis, rather than investment thesis fueled by the prospect of sticking it to Wall Street. MWM lived it, but that’s my take from the outside.

There are a plenty of retail shares being flipped for short term gains. There will always be shares available for shorts to close. To think otherwise is naive in my opinion.

Scotter - Etrade Mobile seems to be working. I just made a purchase of $HGEN to test the system. Went thru just fine.

Sounds like we are on a slow boat to China. I don’t personally expect any announcements in the short term that will reduce the angst associated with downward share price pressure. Just my take on the call.

Been that way for a while w Etrade. No explanation from them really. Makes it a pain in the a$$ to trade. I don't have the same issue in my TD Ameritrade account however.

The grind continues. It's a game of attrition. Don't let them wear you out. I managed to increase my position by about 7% today, on what I'll call "risk-adjusted" information. Will continue to be a "hold and buy" owner of $HGEN. I was a little surprised by today's dump, but its also good intel on how this may trade going forward. Thx to all for the great info posted here. Have a great, long weekend!

Nope, I just got $20.15

10nis anyone?

Thx

I've had plenty of powder the last several months and have diligently bought $HGEN on dips. I still have cash, but feel like the dips might be a thing of the past. Don't know if I should just deploy it in this price range, or try to time it a little lower. I'd hate to miss a big run up, but I'm torn. This price is very high relative to my average. Thoughts from the board? Thx in advance!

Engineering - was this a quick run-up to then turn around and drive it back down under $20? Thoughts?

The $HGEN ticker has more bets on it than a hot Vegas craps table.

I agree completely. Today's action is unfortunately fool's gold, IMO. This price will most likely go lower before our anticipated liquidity event.

Eversana still posting for $HGEN related positions on LinkedIn. Most of the territories are no longer listed, and hopefully have been filled. Here's a description of the job...

https://www.linkedin.com/jobs/search/?currentJobId=2472777758&f_C=33295877%2C3841712%2C64530387&geoId=92000000&start=50

Engineering - Did you notice any signals on the run up to the $18.40s?

More like fairly predictable.

Now I’ll try to get back in around $18.40. I just have to take what they’re currently willing to give. Some may call it trading dimes for dollars, but that’s only the case if you miss the really big upswing.

When they drove our price down I was more than happy to buy and buy and buy. Everyday I would buy if they dropped the price. I told myself I’d be an incremental seller if it got to $19. That’s what I did today. I peeled off small amounts at $19.15, $19.30, $19.50, $19.80 and $20.00. If there’s no am press release I’m not too worried about missing out on the big run. Plus always pre and post market opportunities to make moves. I honestly believe the only relief from the manipulation is to play their game by trading a small portion of my portfolio. Not enough to get hurt, but enough for a few personal portfolio victories prior to the next huge uptick (like 3/29). Don’t need technical data, just try to apply the obvious daily swings that occur repeatedly and somewhat predictably.

Study: https://doi.org/10.1016/j.immuni.2021.05.002

Thx, I appreciate the thorough explanation and the safe advice. I’ll get a sell order fir my stocks in ASAP. I’m probably better suited bartering for antiques at the local flea market.

10s - please let us know how the FDA does in fact work so that we all stop making foolish statements.

Its certainly been an easy trade the last week.

M - Is that a good thing?

And almost as big as someone's overblown ego.

TY to whoever sold me shares this am at $17.25. They’ll be worth a lot more sometime down the road.

Word around the club is that somebody’s got a small racquet and no (10nis) balls. Just sayin’.

10nisman - grow up and act like you’ve been there before.

I got impatient. Let's see if $0.04195 was prudent.

I am hoping to re-enter at $0.033.

Jay - Worded poorly. Hope it wasn’t taken as a back handed compliment. Lots of time good info is shared, not commented upon, but appreciated none the less.

10nis is apparently well versed. Maybe he can provide stats on how often new drugs come from the mothership’s pipeline vs how often they acquire the IP from smaller companies like $HGEN. He’s pretty good at substantiating his claims. LOL.

How would you know. Prove what you state to be fact.

Just took me 49 minutes wait on E*TRADE to get to a trader.