Dec. 9 at 11:55 PM
$MHUA I'm still watching this one closely, the delisting makes no sense. Why did they do a massive private placement and a 1 for 100 reverse split only to let it die?
It makes no sense, the company just IPO'd in 2022 and looking at their admittedly un-audited financials, they are not in dire straits financially, and actually have plenty of cash on hand.
It's very fishy. I was expecting this to tank today but the price ended basically flat. Had I not sold last night I'd be solidly in the green today, no liquidity to sell, but green nonetheless.
So strange to IPO then not even fight to stay on the exchange, when by all accounts the company is in fine shape. I'm going to put in a bid tomorrow and roll the dice, not a huge amount, just some fun money.