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$Torchlight Energy Resources Inc (TRCH.US)$ Newbie here [Smi...
$Torchlight Energy Resources Inc (TRCH.US)$ Newbie here ![]()
I would like to ask, why is there a sudden jump of pre market bidding price? Is it because of the dividends thats going to be paid out soon?
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被割的韭菜 : Special Dividends + Merger
70156966 被割的韭菜 : Special dividend worth for how much?
Shadow_Walker 70156966 : Still dk yet
Quasars42 OP 被割的韭菜 : Is it wise to get more at this price?
silentcyfer : Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date (subject to adjustment for any reverse split of Torchlight's common stock after the record date but before the dividend is paid).
Holders of Series A Preferred Stock will be entitled, on a pro rata basis, to any future net proceeds or other potential benefits derived from the disposition of the oil and gas assets of Torchlight, subject to certain holdbacks.
The Arrangement with Metamaterial, Inc. is expected to close before the end of June.
70719266 : Yes. Even though the shorts are only at 3 to 4 % they have to cover.
JHJJ8 : Stock goes up when there are more buy than sell. Everyone buys and sells for different reasons. Some buy for the special dividends, some buy because they think there will be a short squeeze, some buy because they think there will be more buying actions these few days... so on.. Do you know why you want to buy this stock?
被割的韭菜 Quasars42 OP : Better now than later when the price is higher after market opens.
Violets : yes...they also think there is a potential squeeze