Just for context I was 45 miles out in the Gulf of Mexico when the NUGX symbol appeared. Several hours later as we approached the dock, I checked my phone and saw NUGX trading around $4.50. I also saw the HOD was $5.80. My account was up around $50K
Reading your phone on a fast moving boat is not easy, so I incorrectly assumed that NGIO's symbol had been changed to NGUX and had opened for trading. All that being said, given Joe's announcement that NGIO had been assessed at more than $500M, would it have been reasonable to sell some of those shares at $5+?
I believe it was. We paid $0 for the dividend shares and the $500M assessment would put NGIO at an opening price of $4-$5 per share. In hindsight NGUX shares could have been repurchased later at $1 per share, give or take .10. I did buy a few hundred shares and they are all lumped together in my account. Unless the NGUX are separated from the NGIO shares when NGIO becomes public, trading those shares seems to be prudent.
What do you guys think?
Reading your phone on a fast moving boat is not easy, so I incorrectly assumed that NGIO's symbol had been changed to NGUX and had opened for trading. All that being said, given Joe's announcement that NGIO had been assessed at more than $500M, would it have been reasonable to sell some of those shares at $5+?
I believe it was. We paid $0 for the dividend shares and the $500M assessment would put NGIO at an opening price of $4-$5 per share. In hindsight NGUX shares could have been repurchased later at $1 per share, give or take .10. I did buy a few hundred shares and they are all lumped together in my account. Unless the NGUX are separated from the NGIO shares when NGIO becomes public, trading those shares seems to be prudent.
What do you guys think?