$Torchlight Energy Resources Inc (TRCH.US)$ manage get 350 l...
$Torchlight Energy Resources Inc (TRCH.US)$ manage get 350 last min!
so my 350 now worth only 175 after merger?
so my 350 now worth only 175 after merger?
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顶风买菜真难啊 : The invoicing price on Monday is 9.9. Your quantity will be cut in half. The price is a little higher, but it can actually attract institutions. After all, it's a new stock, mmaft. They got 1 to 1.85, and we got 0.5. According to what they said before, 1 to 3, they should be 1.5, but now they have 0.35 more, which means they have a premium, so they have a good deal.
OldNormanBates : overall amount of money will be the same. Number of shares will divide by two as your number shows 175,but price will be x2 of price close tonight, so approx 4.650x2=9.3
三也九日 : I still don't understand what's going on
三也九日 : Did we directly double on Monday?
三也九日 : Oh, the total amount hasn't changed; the stock has been cut in half.
Kuo董 OldNormanBates : Monday???but I haven't buy at the dip. Sob
Kuo董 : U r so lucky.. I woke up.. Look at the price. Thgt can go down further. So I went back to sleep lol
小小刀锯大树 : but u got it at a good deal, because 2 trch only cost 9ish-10, 1mmat alone cost 13ish
OldNormanBates 三也九日 : Your overall amount of money for the position will be the same.
Example of the Split-If You Own 2sh of TRCH becomes 1share of MMAT Monday Morning.If Your Price was Same as Of Close Today of TRCH was 4.950 per sh, so open price on Monday should be 9.90.
顶风买菜真难啊 OldNormanBates : 4.95x2
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