XREE & XTRN - Keep in mind... You need to be able
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Posted On: 05/31/2017 11:33:16 AM
XREE & XTRN - Keep in mind...
You need to be able to sell 3,333 shares of XREE @ $3.90/share. XREE is extremely thinly traded (since 1/1/2016 somewhere between 1 and a couple thousand shares traded per week! and only ~150k shares total since then). Prior to 2016 it was trading for pennies so for the stock to have risen so drastically on such thin trading "should" raise red flags. So first the shares have to stay at $3.90 for the 30 days and then you need to actually find a buyer at that price (see level II where there are only 325 shares bid above $2.25 and 10k bid @ .06). Of course this is not to say there won't be action with all the new share holders coming in from XTRN, however, since there does not yet exist a train track between LA and Vegas, my guess is that XREE shares are worth closer to the .06 than 3.90.
You need to be able to sell 3,333 shares of XREE @ $3.90/share. XREE is extremely thinly traded (since 1/1/2016 somewhere between 1 and a couple thousand shares traded per week! and only ~150k shares total since then). Prior to 2016 it was trading for pennies so for the stock to have risen so drastically on such thin trading "should" raise red flags. So first the shares have to stay at $3.90 for the 30 days and then you need to actually find a buyer at that price (see level II where there are only 325 shares bid above $2.25 and 10k bid @ .06). Of course this is not to say there won't be action with all the new share holders coming in from XTRN, however, since there does not yet exist a train track between LA and Vegas, my guess is that XREE shares are worth closer to the .06 than 3.90.
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