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The lack of volume or interest in a Pink Sheet reverse merger is whats causing the PPS to stay relative. If and we all hope the transaction is legit then we will be more than ok.
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The traders that have been using there money for other things will get in for this today or tomorrow.. either for the flip or the hold... We see upward movement all today and tomorrow IMO.
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Are we eexpecting any news? I thought the merger was all the news there was. I don't see it doing much today, but we can all hope it moves on up.
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The agreement is for TWOG shareholders to get .085 per share in ILGY. TWOG could tank today but when the dust settles your ILGY shares will still be worth at least that. The only way the shareholder loses is if ILGY tanks totally and I dont see that happening.
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Am I getting this right? Our TWOG shares are REPLACED by ILGY shares? Or do we get the ILGY shares in the form of a dividend, that's what's still confusing me.
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dmort, I think you are looking at an old PR. ILGY is trading and there is no guarantee that ILGY will be trading at 85 cents. ILGY is currently trading at 60 cents. Thus making the current value of TWOG .06. Which is subject to change minute by minute.
Still got a little and hoping for the best.
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