CIA76
2021-06-23

$Torchlight Energy Resources(TRCH)$Ok. The market doesn’t make sense for this shareat the moment. 

If I’m not mistaken, TRCH will cease to existafter the merger and all our share will be transferred as MMAT. 

If that’s the case, TRCH should be worth thesame as MMAT. But right now TRCH is trading at a discount to MMAT.

What the hell is going on?

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Comments

  • SugarUAENA
    2021-06-23
    SugarUAENA
    对合并可能是假新闻不会感到惊讶…
    我想TRCH的自然价值是1.30美元,你说合并后价格会涨到9.00美元。最多给你1:7或者更好的交易
    • CIA76
      与其说是合并,不如说是RTO。但它已于上周五完成。
    • newbietrader
      我的意思是,你必须考虑到meta的自然价值,因为他们是一个持有75%的实体的新股票
  • breezywind
    2021-06-23
    breezywind
    there is alot speculation gg around. the new share take on trch trading price and not mmat price. correct me if wrong and refer your source if any. i cant see from anywhere except comments.
  • newbietrader
    2021-06-23
    newbietrader
    welp panic selling xD one sell all sell. one jump all jump
  • joeboh
    2021-06-23
    joeboh
    is it the hf still shorting it and shake out the papers hands so that they dun need to pay dividends?
  • EugeneJD
    2021-06-23
    EugeneJD
    TRCH will not worth the same as MMAT. nobody know what will be the price after merge
  • joeboh
    2021-06-23
    joeboh
    it's becos of the dividends I guess
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