First thing, Read the Filings and company PRs before shooting off your mouth here with misleading info.
Because of the 2-1 Reverse Split of TRCH going into Merger, and because it is a 1-1 Exchange of TRCH to new company Common 'MMAT' shares, MMAT willopen at around $10.00, ie.,2 x Closing price of TRCH yesterday.
AND, because of this 2-1 R/S of TRCH,they already changed the 'Exchange Ratio' for old MMATF-MMAT shares. Instead of 1 - 3.6+ Shares, Old MMATF will only get 1.8+ of new 'MMAT' shares for each 1 share of 'MMATF' that they held yesterday, going into Merger. You need to keep up your DD and with the company announcements...