$Torchlight Energy Resources Inc (TRCH.US)$ TRCH will merge with META at the end of the month. The merger price is calculated based on TRCH's closing price on the day before the merger. TRCH shareholders will exchange at a ratio of 1:1, while META shareholders will exchange at a ratio of 1:3 for the new company's shares. So at this point, don't just focus on TRCH's stock price, also pay attention to META's current price on the OTC market MMATF or google META's stock price in Canada. If TRCH is dropping so much today, but META's stock price is still rising, why worry about holding TRCH's stocks! The only ones worried are the market manipulators, thinking even after dropping like this, you still haven't handed over your chips! Let me give you a simple pricing formula, MMATF price * 2 should be approximately equal to TRCH price * 3, that would be a reasonable price level. On Monday, TRCH's stock price is basically in line with MMATF's price, which is definitely not favorable for us TRCH shareholders. After the merger, the dumping on META's side will undoubtedly be very fierce. Only after the stock price drops these days, there can be a reasonable pricing, reducing the resistance to the new stock's surge after the merger. META worked hard to backdoor list, and this price is definitely not what they wanted. Additionally, the high price on Monday certainly comes with short-selling hedge funds pressure, if it weren't for the dividend issue, I would have definitely sold everything on Monday, already earning over 10 times, of course, I have only sold a little bit, took out my cost, so now my cost is negative, just watching the market manipulators jumping around, I treat everything as a show! So everyone dealing with this stock, must watch the prices of MMATF or META in Canada together. This way, you will have a better idea. Having followed this stock for most the year, the market manipulators are definitely in full control, when the price drops deep, catching a bid for DT will surely yield results, of course, those trapped just have to wait for the manipulators to rescue them! Take a look at the trends of TRCH and MMATF in the attached image, and you'll realize, the current pricing is basically within a reasonable range, it's not possible to keep seeing TRCH fall while MMATF is rising. Everyone, please don't mess around in there! Don't think about squeezing the short sellers, go observe OSTK, also after the merger, its trend is not much better than squeezing the short sellers, right? META claims to be the number one stock of superconducting materials listed on the Nasdaq, there is still room for speculation, giving me the impression that it's definitely not weaker than NNDM in terms of content. Let's wait and see.
GreenBee : Thanks for the explanation! Very detailed!
顶风买菜真难啊 : This handsome guy has worked hard, has a visual inspection of 200 words, and also sends pictures. Whether it's holding back or the one that just came in, take interest on the ones with interest, wait for take-off without interest, would the first superconducting materials company be worse than the one linked to number one? You don't even watch TV. First thief, first caretaker, first celebrity or whatever? Don't let interest be taken away by institutions; price pressure will cut you off; in the end, there's nothing
无心看风景xyz OP 顶风买菜真难啊 : In fact, let's roughly estimate that TRCH's dividends should probably be around 5 yuan. It's not likely to reach more than 10. Even if you count the current price at the top of the mountain, you won't lose much
顶风买菜真难啊 无心看风景xyz OP : Are you saying 5 yuan a share?
顶风买菜真难啊 无心看风景xyz OP : You have to hold this until the end of the 24th; you can't get it until the 25th pre-sale
Viito_小威 : If I buy on the 22nd and sell on the same day, is there still a dividend for buying today?
劳皇 : The dividends seem like they have to wait until the end of the year. In two more days, preferred shares are given. Normally, 1 share is given priority, then they sell assets at the end of the year before they send money, and they pay preferred shares. So I don't know how much it costs. If assets can't be sold at the end of the year, it seems like they can be exchanged for common stocks, and if something isn't right, everyone can correct it.
无心看风景xyz OP Viito_小威 : You must buy on the 22nd and then hold it until the end of the 24th. You can sell on the 25th before the preferred stock arrives.
无心看风景xyz OP 顶风买菜真难啊 : It's a drop, but I don't know why Futu is showing it in the account. But for the sake of insurance, let's just keep it on hold. I think the stock price has dropped so much that it doesn't make much sense to sell on the 25th; use cheap chips as the main force. The bottom cards of the main players have to be turned over at any cost. Basically, both META and TRCH's Zhuang should have a high level of control. Such a large amount can control stock prices.
无心看风景xyz OP 劳皇 : I think I can sell it no matter what, it's just a question of how much it can be sold
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