Actually, the current price action is to be expected before a merger closing. Usually, the share price is volatile and all over the place right before major changes. I’m making assumptions here, but I’d bet most of the selling is from retail that expected overnight riches and have no patience to see the merger thru.
Let’s see what happens Friday thru next week. I think I’ll hold on a while as new management takes over.
Yea, I saw a similar preferred share structure with HMBL when they did the split, and the scum at the helm lined their pockets and took it all the way back down to where it sits now. Hope that’s not the case here, I’m still green but don’t like the way this is trading.
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