$Torchlight Energy Resources(TRCH)$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?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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