I just posted about another reverse merger a few weeks ago. Can't remember the symbol? Saying it takes time for any stock price action after a merger is done.
It's the whole OTC game thing. Private companies reverse merge as an inexpensive way to become market listed. And gain other funding options for their company. Shell shifting is actually the preferred way, over all the paperwork, fees, expense and time require to create tradable stock.
The thing is once they have tradable stock, it takes time to find and secure the funding they are in search of. Thus it takes time before any new listed companies stock has a VC with their tradable stock to manipulate a run for.
My personal opinion is one can place new merged companies on a monthly watch list. As the new OTC game has just begun.
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