$Kintara Therapeutics (KTRA.US)$ i personally feel like its ...
$Kintara Therapeutics(KTRA.US$ i personally feel like its going to get sorse before it gets better.
*****just my crappy opinion*******
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Youngbuffet : if u have experienced biotech mergers before almost the same pattern for all of them, before of the delay in final conclusion of the merger it will be trading like this with shorties doing whatever they like with the stock. The day the merger is finalized it will gain 25-40 to close the deal. Biotech mergers not for the impatient.
Mr Krabs OP Youngbuffet : Definitely being patient. Ive waiting for the drop. Just bought in at .22. Just saying this may not be finished dropping before it goes back up. Also if I remember correctly their extension deadline isn’t until Oct 28th, and the merger won’t go through till after the rs. Which means end of October at the soonest, but I think if the feds lower the interest rate in sept that will have a nice impact on it as well.
Mr Krabs OP Youngbuffet : I am a little concerned it’s still showing divergence off the mfi, this thing looks like an a dinosaur getting ready to eat up everyone’s money.
Youngbuffet Mr Krabs OP : it seems there is bottom at .20 and I don't think it will fall further because they can announce the conclusion of the merger any time from now. Have witnessed 2 mergers before same pattern.
Youngbuffet Mr Krabs OP : the dead line of October is immaterial against since they are merging they will announce the RS the day they announce the merger conclusion.
Youngbuffet Mr Krabs OP : u are still a newbie in biotech mergers, FREQ/Korro Bio merger, when the news came out FREQ gained 77% since it was merging with private entity korro Bio. I enter at 0.65 then and I thought it would hold gain then down it was shorted down. from 0.70 to 0.19 I average down till 0.41 when I had no money again and it kept going down to 0.19 at that level I was on a 50% paper loss on my portfolio. The day the finer merger was concluded it closed at almost 50% from .19 to 0.0.298 they did RS of 1:50 then it open at $14+ then did 541% from that level u can check the new ticker symbol chart (krro) though is currently 46+ so am not new here
Marliana : You’re right it can get worse before it goes up. The report will be on 25th Sep. If u need money urgently, u can buy later should it drop to less than 20 cents.
Marliana : By the way, ur opinion isn’t crappy. Just depends on ur risk level and also if you’re willing to spend knowing this stock is very bullish.
Mr Krabs OP Youngbuffet : I don’t believe we will see the split till at least after the fed announcement. At least I hope we don’t. If they wait till after rates go down people should be willing to spend more freely. It also gives more time for this already bullish stock to continue growing organically before the split.
When I say it looks like it’s going to go down a bit, I’m speaking the very short term. I’m looking for proper buy in levels, and I don’t need to look at the other charts, I completely understand how big this merger is. It’s a reverse merger actually. The smaller public company is bringing the larger private company to the market. The new share price will be valued at the cost of both companies. The larger company will add great value to that.
They are also bring the cancer vaccine to market through the accelerated fda approval process. I believe they are going to try and time merger, rs, and vaccine all together after the rate cut. So my prediction for merger stands strong for late Oct.
******just my crappy opinion********
Mr Krabs OP : ….also I think today is looking like a good day
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