Most reverse mergers have a reverse split, crazy thing is they pulled this too early, most people can't afford to buy a minimal of 500 or 1000 shares per hit, especially if the transaction cost is + $20
The thousands of folks waiting to get in with $100 - $1000 had not even a chance to place a bid. This is just the way of TSX, at the same time it sucks for the regular Joe Doe trying to invest.
I had a large amount on canadian dollars ready for this play, L2 running that by the way was blind for the first 30 minutes and even before the bell I saw this would be a bad choice to get in on Friday.
Tweed did really well for themselves, they sold high and created longs on the first day, who in their right state of mind is going to sell at 65% that they paid for?
Flippers did ok but only those who got in under 2.40.
TWD had the highest volume in the TSX that day.
Will this stock be worth $ 10.00? Most defenetely, when? Who knows
Have they started the sell out at 1.15 they would have had 4 times the buyers and the stock price would be + $ 3.80 right now people would have gone crazy about it seeing it fly on the board, this would have created value, please remember that most people don't understand the complicated valuations and mathematics of a company, all they see is, " is this going up or down"
" why so expensive" " I can't even buy unless I have etrade global account " " and the minimal purchase is about $1200 bucks"
I'm sorry for the long note.
I will buy, but I'm paying less than 1.90. That's me.
Good luck bro.
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