I usually avoid r/s. Ski. Niocorp needs access to the capital markets. I get that. Long term shareholders give up as much as 90% of their shares to be listed. I would rather take my chances on another means of financing than this one. There is zero guarantee that the stock will trade higher post merger. Can you tell me who will support the share price on day one.
In the end it will not matter to me as I will be out of my shares and others before that date. I chose the wrong company but I do like the management guys who run the company. Sometimes things do not work out.
You should be worried. That last 10-1 reverse split that Mark engineered in May of 2016 for IBC Advanced Alloys has been a financial disaster for investors. The stock has went from .60 at the time of the reverse split to less than .09 today, over 85% loss. Yet you wonder why anyone should have concern?