I blew out my position when they announced the merger and it took some time to do it.Sold roughly 475,000 from 74 cents to 1 dollar. Went back in and bought 20k at 4.50 average and sold it at 3.10 to complete my transactions here.The r/s and the deal with GX was almost a given that this was going to be a near term failure especially after GX could not bring money into the surviving entity. When Mark took the reins, I believe this was going to be a huge win for shareholders but after May 2020, I had a feeling we were in trouble.
Basically you had two days to sell your position out and that was the Fox Business interview and then the Stellantis news. Still have friends who are long this and I hope they can get back their losses. If NB has to do another r/s, the money is gone. Jury is still out on whether that happens.
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