Marathon Digital Holdings Inc (MARA)

[Patentinvestor]

What I feared in this merger announcement seems to be coming true. Even though Doug said all the right things about 1+1=3 on the merger, it seems the market is not reacting to his words.

The market sees the doubling of outstanding shares so its dropping the share price in half to maintain the same market cap pre-merger. I have seen this happen many times before.

If $3.00 was pre-merger, that would say $1.50 is the landing pad. As of the writing of this post we are right at the apex or middle between $3.00 and $1.50 at $2.26 price per share.

Hope I'm wrong.