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
    would not be surprised that merger MAYBE a fake news..
    the natural worth of TRCH was like $1.30 I think, and you saying after merger the price gonna jump to $9.00. at most give you 1:7 or better deal
    • CIA76
      It was more of an RTO than a merger. But its completed as of last friday.
    • newbietrader
      i mean you have to take into consideration the natural worth of meta since they are the one holding 75% entity of the new ticker tho o.o
  • 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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