posted
On the chart, volume is the ammount of stock traded on the day right? If so how can you tell how much was sold and how much was bought?
Posts: 10 | From: California | Registered: Jun 2007
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posted
If you're asking how many are traded at bid vs how many traded at ask, I THINK there are screeners that do that for you, but I may be wrong. watching T&S is one way to at least approximate it otherwise.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I suspect further...I remember quite vividly thinking somewhere one could find *something* that distinguished Joe Retail buys/sells from MM action...
posted
Hi,I have a question about mergers. When a private company merges into a public company already trading on an exchange, what happens to the public companies shares ? ex: If you own 10,000 shares of the public companies stock, does that mean after a merger do you still own those shares? Does the private company who is merging use the existing shares of the public company to start selling on the stock market? Any help would be greatly appreciated.
Posts: 79 | From: ny | Registered: Sep 2005
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posted
If you're talking about pennyworld, you're probably talking about a reverse merger, in which case, yes. If you don't sell, you'll still be a stockholder, but probably fewer shares, according to whatever ratio re the reverse split...
Do you have a particular case to use as an example?
posted
Thank you for responding. Ex: If a profitable private company wants to go public, can they merge into a already existing clean shell and if they do, do you as a shareholder keep all of your existing shares or, are you bought out by the new company?
Posts: 79 | From: ny | Registered: Sep 2005
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posted
Sorry about that post, hit the wrong button. Can the new company set the selling price of the existing shares or does the existing shares start at the closing price of the old company. ex: If ABC company closed at 1.00 can XYZ company who merged into ABC, start selling shares at 3.00. In other words an IPO through a merger.
Posts: 79 | From: ny | Registered: Sep 2005
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XYZ reverse merges in ABC via a 10:1 reverse split. ABC's OS common stock is now ten times less, but XYZ emerges with 10 x greater pps...if the market like the news, the pps will increase, perhaps going on a nice run. If the market does not like the news, the new pps will fall...maybe as low or even lower than pre-reverse...
Reverse-merger shell plays can be much more lucrative than the typical big-board IPO...
posted
no, the "reverse" in reverse merger pertains to the smaller public "shell" acquiring the larger private corporation.
Personally, I think the term is confusing, because it is the private company that will emerge in control. But, it's not like a traditional marger, either... Think of it as a "Hermit Crab" merger...the private company "backs into" the public shell. Usually the former officers split the dough and hidy-ho, silver...
The reverse splits are part and parcel with cleaning up the share structure (or presenting that appearance)... cuz most likely the shell at one point was a bloated POS, pumping machine...
btw, google search will yield lottsa stuff on reverse mergers...
and for the record? There *is* a price-reset mechanism, but it involves so-called "tax-free" reorgs, and they're quite complex, and you hardly ever see them...
Also, another item to research re shell plays is a filing called "15-12g"...
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