Anyone, is this stock finished because of the merger?
I've noticed that it hasn't done very much and the stock volume is way down and less volume everyday. Is everyone finished trading this stock because there won't be any appreciation since the reverse merger? I ask this because no one is talking about this position any longer, GLTA and TIA for answering.
I too have a question on SFES & TransEnterix. Once the merger is completed end of 3rd Q, will the POS go up or go down based on holders of the original SFES. I ask this like the above poster who's concerned on where the POS will go when completed merger takes place. Thanks all
The merger was already completed on September 4. I think the stock will stay where it's at pending future news. A huge portion of the stock is tied up with insiders and big funds (prob more than 50%). The day traders are gone. What's interesting is that the employment agreement with the new CFO seems to contemplate that they will be raising at least another $20m sometime in the future. I expect an uplisting as well. Nothing I have seen so far to make me sell.