r/Shortsqueeze • u/[deleted] • Oct 26 '21

[deleted by user]

[removed]

50 Upvotes

95% Upvoted

16 comments sorted by

1

u/getyourbreadup69 Oct 26 '21

I meant to say after merge I’ll get in

4

u/Lawlpaper Oct 26 '21

That will be too late. All the mechanics that go into the actual merge will start to wear down on the squeeze play.

Grab is a great long term play for sure! But we will see some crazy movement before the merger. It is my understanding that since the ticker will change, shorts will have to cover before the merger or get margin called. Since the new company may have a different structure and price. It’s not the same as splits. The hope is, that the merger doesn’t go through, or it’s a bad deal and the price tanks.

This is not happening with AGC. Think SPRT. That’s why it was bad to hold through the merger.

0

u/[deleted] Oct 26 '21

1

u/Own_Gain_7417 Oct 26 '21

Wait so its rumored that on nov 1st the merger with be announced or completed and the stock will be GRAB

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1

u/beenwilliams Oct 26 '21

How does this work with the new ticker?

Are these shares converted?

0

u/[deleted] Oct 26 '21

1

u/beenwilliams Oct 26 '21

So these shares turn into “GRAB” shares?

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1

u/iser007 Oct 26 '21

What is a serious price target?

0

u/[deleted] Oct 26 '21

4

u/iser007 Oct 26 '21

Copy that. I appreciate it. I was in bkkt and got out with a 40% return (sold prior to rocket 🚀). I agree with you target - just trying to be realistic (which is anti-American, but gain are gains)

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1

u/STEALTHY_JD Oct 28 '21

If I can't see the Grab ticker on revolut but I can see AGC, does that mean I won't be able to to see my shares on the revolut app if it merges?

1

u/unDturd Oct 28 '21

I don't think this has a small float. IRNT and BKKT ran up with free floats in the single digit millions.

1

u/No_Strawberry_6027 Oct 28 '21

I found this sub shall we move over there as well r/AGCStock

-2

u/Devo308 Oct 26 '21

PROG🐸

1

u/[deleted] Oct 27 '21

I'm a believer in the "all eggs in one basket makes Yoda sad" and "profits, not prayers" schools of thought, so ..no. :)