I bought NMAX at $10 before it was listed on NYSE with the promise it would be transferred to my brokerage account on day one. All paperwork has been done on my end, but the transfer still has not happened, so I wasn’t able to cash in when the price was high and now stock is crashing. Has anyone one else experienced this situation?
NMAX This is following the exact same Boom and Bust Cycle as HKD, TOP, DWAC, FRZA, GCT and RCBX... Here's the typical time line rundown... Blowoff Top in first 2 - 4 days then a Volatility chop typically in days 5 - 7 and then momentum reversal days 8 -10 and then the Waterfall Collapse in days 10-14 and then capitulation low (often near IPO price) in weeks 2 -3. This isn't a prediction but more probability based on the fact that this is not an AI or cloud company with scalable future potential, it's a traditional media business which cable is in a structural decline, they have 1/10 of the viewers of FOX it has no breakout products, no tech moat, no global expansion angle or anything else. There is absolutely no justifiable valuation for a $25B market cap. Bottom line, this is not revolutionary tech... it's as low float, emotional meme pump that's almost or likely to deflate once the music stops.