until an 8k merger SEC filing occurs, then it will fly to the moon! So often now adays one hears that phrase- but in this case it is true!
Ok then, how come?
When people spam go to the moon with a stock that has an OS of 5,000,000,000 shares - LOL - it takes quite a bit of buying for the stock to move.
On the other hand, with an OS of 392,000 - and a likely forward split in conjunction with a merger, one could easily see huge gains.
For instance, review what RCVR did! In fact many bought the last 30 minutes of the day (they tried sneaking it in on the last daily listing) at .25 cents. The next day it opened at .75 x squat with an instant 30 banger since they had a 10 to 1 FS. Their OS was like 1.2M with a float of around 600K. That is about three times the size going on here!!
Hi knot. ESYG was RCVR (Russiancaviar.com) prior to its split. It also didn't trade much prior to the split, but these no traders pre split have been huge once as well and worth mentioning IMO. It started out @ about .25 the day prior to the split and ended up near 1.50 COB the day prior to the split. Opened up the next day at around .20 and within 10 days was pushing over $3 post split. (This IMO shows what can occur post split where actually in many cases, the largest gains are made)
COBB, same story. Traded about 46K shares the day prior to the split, but it started @ around 2 and ended the day at about 6. Opened the next day at around .30, and actually drifted down to about .25 the first day. Within 3 days, it was $1 post split.
I didn't think COOX traded much pre split either (about 3 days) Each of these did not really begin trading until the split announcement. With COBB and ESYG, those announcements were the day prior.
I like your summary. For newbies, whenever needing examples, there they are rather than having to explain them time and time again.