I didn't leave. I haven't any windows open to count all 3 exchanges but the one TD platform I do have open showed 1 mill shares transacted(><) with pretty steady buying from noon on. I suspect panic selling with LOI showing share exchange 1.8 ratio in the merger LOI.
Fwiw, there was a unexpected situation that caused the halt 2 days ago, to get the insert of news about the LOI yesterday and restart, to comply with regs concerning disclosure of relevant/material changes.
The Halt, the news, the 'relevant'... were a response to 'unexpected situation' so there was no preparing stock holders in any form of presentation- imo- leading to over reaction...almost even now few traders have looked at the issues, assets or companies involved. Any, in what one could call a kind of reverse merge, having less than majority company position is seen as bad situation, and 'seeing' doesn't seem to have even counted any thing but the '1.8.'.
Blogosphere results were pushing MOTA sp as guidance, MOTO holders didn't like a 45%??... loss in dilutive LOI so they sold off some in a even more thinly traded issue than Stil… which had bashers calling for ever lower prices, back and forth, back and forth with calls for Stil to be valued by Mota sp.
Then today another voluntary halt, might be regulatory agency requests for additional info on LOI as it wasn't exactly planned to be presented as it was, it maybe just more info to be presented by Stil and MOTA as to the LOI... BELATIDLY!!
It may be a rescind of LOI entirely considering the nature of the response by share holders to, lolol.
Which would be sort of ironic wouldn't it, a withdrawn LOI based on market reaction due to poor presentation!
