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Saturday, October 28, 2023 3:50:21 PM
First, the stock symbol will be changed. That takes about 3 days. During that time, you can't trade the stock. The new symbol will have a 'd' on the end of it for about 30 days. What actually happens is that the TA recalls all shares, then assigns them the new symbol, along with the 'd'. After 3 days trading will commence, but it is anyone's guess what the share price will do. Many people steer clear of RM's because it can lose value fast. I've been through them, holding half my shares and selling the other half. In my case the ones I held lost value. This time, I'm holding them all, and hoping the stock turns positive. I assume with the election of new directors, and the ability to start fulfilling the order, there will be filings to that effect, which should be good for the stock. But I have doubts, and will continue to have until we see which way things go.
Recent NHMD News
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