Wednesday, July 17, 2019 8:40:50 PM
I can see where Lazerking was thinking that a R/M could be in CYTR's future not only because of SOON's past, but also because of my experience in a stock I still hold that R/M'ed with a private company. Because GTXI had a low Market Cap at the time, like CYTR, and the private company had a much greater "valuation" (Oncternal Therapeutics), like ImmunityBio, GTXI SH's took a 1:7 haircut in the deal and got CVR's after the R/S in the same amount of shares after the R/S, that expire after a year, worthless. Meanwhile, GTXI's new ticker ONCT, has dropped significantly since the R/M because the shorts have jumped on the stock with all fours because of the much higher pps after the R/S and NO NEWS from ONCT since the R/M. I've flipped the stock for small gains a couple of times already (like NK), but I'm not holding anything like I am CYTR. That's why I fear and would be VERY MUCH opposed to a R/M between CYTR and IB. I've attached a link that explains "CVR's" in case you're wondering. ;p
https://www.investopedia.com/terms/c/cvr.asp
IMO, if CYTR gets R/M'ed into IB or any other SOON entity, CYTR SH's will get screwed yet again, so I hope and pray that's not our fate.
I'm not even going to bother voting my proxy for the upcoming SHM which is only missing the "a" to be a complete SHaM! lol! I'll continue adding CYTR shares as I feel the need. Looks like the .30's are going to be available until other news dictates a change in direction in our pps.
Yes indeed, these are very "boring days", and like you, I hope "we'll have the chance to see the other side SOON"! I'm still keeping an eye on NK for another chance to buy back in. I almost pulled the "buy" trigger today but said I'd wait and see what happens tomorrow! Tomorrow, tomorrow, I love you tomorrow....LOL!
All IMO. GL 2 US & CYTR!
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