I'm expecting some more selling once the shares free up with brokers. Then those profit takers will re-buy around supports and the cycle continues with an upward trend like before.
Agreed. IMO bigger acquisitions will happen very soon for tax purposes.
Reverse mergers allow a private company to become public without raising capital, which considerably simplifies the process. While conventional IPOs can take months (even over a calendar year) to materialize, reverse mergers can take only a few weeks to complete (in some cases, in as little as 30 days).[/i]
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