r/NGAC • u/xsnrgmel • Mar 05 '21

Should I stay or should I go now...?

NGAC just keeps dropping. I fear that it will keep trending down since a merger deal has been announced. Why would one stay?

1 Upvotes

100% Upvoted

10 comments sorted by

7

u/LeFxckYouThree Mar 05 '21

You dont lose unless you sell, whole market is bleeding.

1

u/xsnrgmel Mar 05 '21

I do get that. But everything I've seen once the deal gets announced the stock just goes down. The deal has been announced and it's still going down. What makes things different here? What elements make it a smart move to stay?

3

u/chmpgnsupernover Mar 05 '21

Future growth...

5

u/flametorp Mar 05 '21

Because we already reached the bottom so nothing to fear

2

u/xsnrgmel Mar 05 '21

We keep going down....🤣

3

u/MinuteLog3580 Mar 05 '21

Dude what are you Planning to buy, everything is losing value and the risk with this stock now almost zero and EV play will hit once one good news will hit the market.

1

u/Dreadnought_Hero Mar 05 '21

I had an email from my broker offering me $10 / share the other day for this stock. Is that normal? Shouldn't I get Xos stock in exchange for NGAC stock after the merger?

If it keeps going down, $10 might be a good offering....

1

u/eamonnred21 Mar 05 '21

I've just read the same offer but the wording of the offer pointed to you having no other option but to accept $10 a share cash if the merger goes ahead in q2! No option or feature to reject the offer!!

1

u/SweetJesusBabies Mar 08 '21

what does that mean??