Selling at $1.50 does not make sense to me. Why? Lets think rational. I am a new investor and may not have too much knowledge but want to think rational.
First, lets make up your mind whether this is a legitimate company (not trying to take your money and run) with good business plans or not. I think its legitimate based on all the DD everyone posted. I don't think retired top military folks, ex-Lockheed Martin president, top expert with association to Lockheed Martin, NASA etc would not be associating themselves with non-credible business. What's the current market value of this combined company now? - (probably $180 Million)? Are they trying to run away with $180 MM ?
I think everyone is worried about whether the stock is going to fall when it is opened after merger at $15. Lets say, it falls down to $2 bucks. As a FHAL share holder, did we lose anything? All that we lost is our dream of making $15 or more per share. But, remember, if the stock plummets to $2 and the float is 23 million, a credible company would buy almost all the float if it realizes that market is not believing them. They are not going to lose anything. A company that is setting its mind on $1 Billion market cap would jump in a heart-beat to buy back almost all the float.
I think it all comes down to whether you would believe them or not. I think the company and the CEO are trying their best to counter all the fear the investors has. Ofcourse, if you are sitting on a ton of profit that you made on this stock, you don't want that profit vanish in front of your eyes if this turns out to be a scam. Guys/Gals - Decide first whether its a scam or an opportunity.
The tough decision would be whether to lock the profit or take further risks. Its each individual's decision. I debated myself (having been sitting on a good profit so far) whether I should sell some or not. Everytime, I get emotional with the stock, I get back to fundamentals and DD.
Just my opinion and you decide what is good for you.