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Tuesday, June 22, 2021 1:04:50 AM
Here is what you will get on 6/25.
For every 1 share of
$TRCH
you will receive 1 share preferred class A stock…which is what entitles you to the dividend. (For some who are wondering, that is why the shorts have to cover by end of day 6/22…they can’t reproduce the preferred class A shares. They must cover.) For example, if you have 200 shares of TRCH, you will receive 200 preferred class A shares. If the dividend is $10 then you get $10 for every preferred share. Simple. (The dividend amount is currently unknown and will be determined upon sale of TRCH assets which may or may not already be sold.)
You will ALSO receive 1 share of MMAT stock for every share of TRCH you own. For example, if you have 200 shares of TRCH, you will get 200 shares of MMAT.
Hope this helps!"
If you sell tomorrow before the end of the day, you are chit out of luck, if you sell on the 25th, you are taking your chances, if you sell on or before the merger date, then you are clueless.
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