The reason I agree is because I know from experience that organizational changes -- whether FS or RS or Ticker Change or Name Change -- TRADE SO THIN out of the gate!
"Thin" trading is REALLY BAD for PPS... if combined with scarce buying and/or dilution.
But REALLY GOOD for PPS... of tickers with no dilution and ANY AMOUNT OF BUYING PRESSURE.
Do you think this mega-merger called LCLP will be able to find ANY "BUYING" PRESSURE to speak of, after the RS (assuming it even happens)?
What I'm saying is I think LCLP is going to trade like a true low floater and we shall see "shock and awe" OUT OF THE GATE as soon as RS is completed.
Just my opinion.
(And almost makes me hope the RS happens.)
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BONUS INSIGHT:
Along the same lines, dream with me a moment.
WHAT IF after merger is complete we undergo ANOTHER organizational change leading to yet ANOTHER low float situation due to a name/symbol change to "Belfrics" with a ticker like BFRC? Mic drop. Not out of the question. Kind of expect it actually. I mean, how could we acquire a legend of a company as large, successful and honorable as Belfrics, yet "not" honor them by taking on their name? Again, just a thought.
Good day.
And good chasing.
