The drop were just people speculating on the business combination leaving the door after the termination. And in todays OTC markets they can drop it a fast 50% on nothing more than a view sell orders.
Curious to see what they will do now. They mentioned "back to acquisition strategy", which is great. I hope to see some kind of non dilutive funding for that, but now the chance for a multibagger is much bigger than before.
The business combination called for 16 cents assuming $ 10 starting price. Yes, there was a chance to get quite some more, as MEOA traded around 26, but some brokers dont allow selling on the first day of trading after the combination, and it would have dropped like a stone probably. So the risk was quite big in my view.
Now it will take longer, but chances are bigger to get more out of it. Especially at these prices down here.
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