SESN -38% on reverse-merger announcement. This is odd insofar as SESN shareholders are getting a bigger slice of post-merger equity (~42%) than you typically see in a reverse-merger where the publicly listed company is effectively a shell.
p.s. SESN’s CEO said there were 42 bidders who wanted to reverse-merge with the company.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”