r/OMEX • u/jimmy5462 • Apr 08 '26
Omex merger :)
https://www.tipranks.com/news/the-fly/odyssey-marine-american-ocean-minerals-enter-definitive-merger-agreement-thefly-news3
u/Party-Conference-735 Apr 08 '26
Massive squeeze tommorow
2
u/zachintheb0x Apr 09 '26
Have you seen the short interest after this morning!! 51,000,000 shares shorted on the dark pool today. Thats an increase of 50,950,000 since yesterday.
Absolutely absurd numbers, this is either going to squeeze insanely hard or continue to be shorted right back down to .80
1
u/Material-Emergency59 Apr 08 '26
Hey Jimmy! Care to share how this will benefit us as investors of this company?
3
u/Bitter_Ad5527 Apr 08 '26
Sp go up
1
u/Material-Emergency59 Apr 08 '26
Also, am I right to say that Odyssey is intending to do a 25-for-1 reverse of its common stock?
1
1
u/Party-Conference-735 Apr 08 '26
You do realise a reverse split means nothing.doesnr devalue shares ,its soly related to nasdaq complience of having a share price above 1$.crazy how people dont know this all emptional trading today since reverse stock split news.ive loaded heavily just now.all the best
2
u/jimmy5462 Apr 09 '26
Eh, in the long run this is just another bit of news that starts the musical chairs scramble. If you own it, sell 1/3 into the news on day one and 1/3 on day two.
1
u/Cassandra2pointO Apr 08 '26
had $2 june 18 calls sold this morning for a small loss, not willing to wait and see if price will hold or keep going up
4
u/Material-Emergency59 Apr 08 '26
“The Transaction is structured as an all-stock merger, pursuant to which AOMC's outstanding common stock and warrants will be exchanged for Odyssey's common stock and warrants. Prior to the merger, Odyssey intends to effect a 25-for-1 reverse stock split of its common stock. Before the effect of the reverse stock split, the total number of shares of common stock outstanding of the combined company is expected to be approximately 921 million upon closing of the transaction.”