Psychedelic investing and trading

[cdnsir]

Nice! And they didn't use the approved stock consolidation to do it.

A $3 share price requirement for AMEX. Pat on the back for all us $1.xx HODLers.

[Tik-Tok]

As an investing noob. What exactly does this mean? They say they are maintaining their current NEO listing, so does that mean the NYSE one will be like an IPO? If not, does our stock holdings move over to NYSE? Does the price just convert to USD?

[mr2mike]

More exposure and more Americans can easily buy this.

[Tik-Tok]

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More exposure and more Americans can easily buy this.

So the NYSE listing is directly linked to the NEO one? It's not a "move" but just a door opening?

[mr2mike]

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So the NYSE listing is directly linked to the NEO one? It's not a "move" but just a door opening?

I would say so.

The company’s over-the-counter shares will uplist into the NYSE American’s Small Cap Equity Market. Cybin shares listed on Canada’s NEO Exchange will remain listed there. The Company has reserved the ticker CYBN for the NYSE.

Drysdale said the company expects “expanded access to investors to further fuel our mission to develop revolutionary psychedelic therapeutics for patients suffering from mental health conditions."

Approval remains conditional and is still subject to final NYSE approval and the satisfaction of regulatory requirements.

[BavarianBeast]

Nice to see Cybin hit $4 today. Look forward to $20. I’m diamond hands until then.

https://hcwco.bluematrix.com/sellsid...df&co=Hcwco&id

$8 target and report from HC Wrainwright

[ExtraSlow]

Yep, nice.

[nzwasp]

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Nice to see Cybin hit $4 today. Look forward to $20. I’m diamond hands until then.

https://hcwco.bluematrix.com/sellsid...df&co=Hcwco&id

$8 target and report from HC Wrainwright

Do you believe it will get to $20?

[BavarianBeast]

Hell yeah I do.

https://www.businesswire.com/news/ho...-Common-Shares

Hopefully the new offering is @ $4.00 or something or like that. Cannacord likes to pay high $ for psychedelics so let’s hope for the best! I imagine a bit of a dip tomorrow anyways.

[ExtraSlow]

Issuing more shares is smart, but dilutes existing shares.

[mr2mike]

Picked up some more of cybin @ $3.36

[Tik-Tok]

https://www.businesswire.com/news/ho...0728006105/en/

Cybin Receives Final Approval to Commence Trading on the NYSE American on or About August 5.

[ExtraSlow]

[nzwasp]

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https://www.businesswire.com/news/ho...0728006105/en/

Cybin Receives Final Approval to Commence Trading on the NYSE American on or About August 5.

Should I buy more shares? Currently have 900.

[ExtraSlow]

My financial advice is not to take financial advice from anyone on the internet.

But shroom shares are good.

[mr2mike]

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Should I buy more shares? Currently have 900.

Speaking from past up listings, there is a euphoria on the rise and listing.

But look at the mind Med stock. It dropped immediately.
Now it has to fight past all those bag holders to get an upward trajectory.

Weedstocks kept rising after uplisting as it gained exposure.

My best advice, only buy what would allow you to sleep at night if it went to zero.

[BavarianBeast]

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Should I buy more shares? Currently have 900.

If it makes you feel any better, I’ve only got 50k shares

[BavarianBeast]

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Issuing more shares is smart, but dilutes existing shares.

Just happy they didn’t throw a bunch of silly warrants into the mix

[nzwasp]

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If it makes you feel any better, I’ve only got 50k shares

I bought an extra 5000

[ExtraSlow]

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I bought an extra 5000

Approved.
I don't have 50k shares.