What do the IPO registration mean?
$Pasithea Therapeutics(KTTA.US$ @Mcsnacks H Tupack Sir, need your help to provide your view on this. What do the IPO registration mean and what will happen to the stock?
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Noob MooerOP : I mean I just saw the announcement of this company did IPO registration
Mcsnacks H Tupack Noob MooerOP: Means they are probably going to release news. And when people buy in they will add shares when it gets to whatever the price they have picked. So if it goes on a run it will be stopped.
Noob MooerOP Mcsnacks H Tupack: Means the current price will not run too high since it will be stopped?
Even thou it run, the price maybe maintain around 3.50 only since the private placement was just done, am I right in that sense?
Mcsnacks H Tupack Noob MooerOP: It’s a constant private placement they filed. They will keep feeding shares into it until it collapses.
Noob MooerOP Mcsnacks H Tupack: Does that mean I cannot hold this stock for long term?
And I may need to sell whenever there’s sudden run up on share price?
Mcsnacks H Tupack Noob MooerOP: It’s fine long term. Just don’t get discouraged when it goes way up then pulls back. You can buy 80% of the stocks on the market right now and if you hold them for 6 months or less you will make at least 10-20% profit
102235596 Mcsnacks H Tupack: Hello @Mcsnacks H TupackI’m holding this at $5.1 and based on what you’ve shared - seems like it won’t go up to these levels anytime soon?
Mcsnacks H Tupack 102235596: No it won’t. The company is using its one time surge to sell more shares and take that money from the investors. On their paperwork they refused to disclose how many shares they were selling. They are POS.
102235596 Mcsnacks H Tupack: Thank u! Sold off earlier today at 2.4 - Should have doNe so earlier, sigh.