Not sure where to start with your question - the shell game has changed since the new rules implemented recently
I'm not buying shells anymore - but waiting to see the acquisition and terms - from there a number of stages take place to get to full RTO - including a capital raise / the completion of paperwork / and some clarity of the business, clients, revenue outlook...
2 main strategies for new listings:
1) trade the trade - follow the trend - TA
2) hold for bigger moves - only possible if life changing revenue is afoot - FA
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