correct me if I'm wrong, to my knowledge they have till year...
$Torchlight Energy Resources Inc(TRCH.US$ correct me if I'm wrong, to my knowledge they have till year end to give us our dividend so I do not think that on 25th they will pay us the dividend. they need time to sell their asset too. And yes, you can sell it off at 25th and also collect dividend but why the rush? I know vast majority buy at a high price and some buy in more when it dip to average down but still end of the day we are at the losing end due to influx of shares and being shorted. my point is simple, either way is still a loss why not give a pity bit of hope or chance and see what this stock can do in the coming weeks or month. you can see it if you really need the cash to do something else but why want to make a real loss?. This game is simple. who quit first who lose first. Any minute it can fly up to the moon(whatever you want to call it) or dip down further more. But I rather wait and regret then sell and still regret. Just my 5 cents opinion.
All the best!
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Mcpotato : On 25th you can choose to sell off or hold until merger. Anyway please do alittle more digging around.
Mcpotato : Yes by end this year they need to settle the special dividends.
moontakers168 OP : share with us, what you know and how you think about it
Mcpotato moontakers168 OP : Logically we all know that we are being shorted at the moment.
If all of us hold they will just be fighting themself left pass to right and right pass to left.
There will be 2 type of scene on friday large volume will sell due to recent pressure from shorties and there will people waiting to buy in as MMATF cant be brought through mooml moo... and their standing firm on the price if you have notices.
Is cheaper to buy from trch now and hold until merger.
aside that the risk of squeeze is higher now due to the volume that need to hd us at $5 you can read the post below.
ErnieVoltz Mcpotato : we share the same view, probably leaving at 5 kinda dumb move after taking the dividend.
Violets : this is what I don't understand? on Monday it was trending to hit like $15 a share. and then at open it drops and it was shorted. was this stock pumped by the shorts.? or is it that there was that much of an interest and then the shorts just bought in and have been ladder attacking ever since? because over the weekend and last week everyone was so excited about this stock. all I can say is I hope shorts have to cover tomorrow
ErnieVoltz Violets : they offer another 250m share to the market. short seller took this opportunity to short the share price down... trigger a few stop loses on the way down. Paper hand continue sell trigger share to go down even more. Then since its the last day to qualify for dividend, buying stop because momentum and fomo stop. Short took this period to short it down another 30% today.
Friday dividend holding period ended, more will sell thus create another opportunity for short to push price down even more. Doubt they care anymore to cover those dividend or share till last minute on 30th.
usually when buying stop and volume is low easy to manipulate the price down... they manage to short from 11ish till now 5 (massive profit for them for 2 days work)