Thursday, June 14, 2018 7:21:59 PM
What we need to know is the value of the new company. It would almost be a forgone conclusion that the purchasing company will have a substantially higher value than the current company (mPhase). That means that the stock price should rise. We just don't know by how much.
We also should be aware that there will be a reverse stock split immediately. As a general rule, reverse splits are miserable. In a reverse merger, it carries much less stigma. In fact, if the company is profitable and they can offer a compelling story, a relatively small reverse split 50 or 100:1 could realistically bring them in range for moving to the Amex.
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