there is the possibility it will not shoot up monday. If I understand correctly MMAT shareholders get 1 for 3 so realistically MMAT should open at 4.65 making our 2 for 1 worth 2.32. The benefit is with the preferred shares TRCH can offer dividends forever forcing the shorts to match the dividend. That is a possibility unless management pocketed the 100-250million raised through dilution. Then we know they were not concerned for the shareholders.
Next 12 months will show us
as of close yesterday short interest was just under 13%