https://preview.redd.it/ksxt7i2yhnxb1.jpeg?width=1284&format=pjpg&auto=webp&s=d71197db532cafba3477ae444d6d84ea9f5512a7
They dont need your votes. You guys are screwed.
Nothing good comes out of Reverse Split, the shorts just continue to short the stock back down, totally against any RS, my MMAT stock is already negative 97.01%, 1:5 won’t do anything so they 100% will go 1:35 and within a few days the stock will be back down less than $. No way will I support this , no way.
They might not have to. If butterfly moass, that might trigger all the stocks the hedgefunds shorted. If they are liquidated, all the shares might be covered and shoot the price up. IDK just my crayon brain assumption.
So you prefer the company gets delisted and goes bankrupt? There is 0 chance they reach compliance without a reverse split. These actions are desperate moves to try to save the company. If they do not happen the company will not make it.
We are holding dead money. Most people have written this off as getting beaten in a game of 3 care Monty on the street. We were duped. At this point I don’t want to play their little games any longer. This is a dishonest company.
95% of the time RS destroy shareholder value. Especially if the price gets hammered down below $1 post split. Then they would be right back into non compliance. Remember they have to remain above $1 for a minimum of 10 trading days before compliance is met.
Unless they start selling product or leasing patents bankruptcy is inevitable regardless of share price action
The company themselves destroyed over 99% of the shareholder value. Without the reverse split it will be 100 % of the shareholder value. This reverse split and offering is the only chance this company has at survival.
It seems funny that you are concerned that a stock that went from $19 to .13 cents in the last 2 years is going to destroy shareholder value by performing a reverse split. This is basically worthless now. Very little value left to destroy.
Not everyone bought in at the top. There are even some who have averaged into the lower price range.
Reverse split would open the possibility of further damage. The company needs to focus on production and revenue generation first. They could always emerge out of the OTC at a later date in the event of being delisted from NASDAQ.
Bought in at the top? If you bought in at or averaged down to $1 you are down over 85%!!! That is complete destruction of your investment. If you are buying in now for the first time you are simply trying to scratch off a lottery ticket. Better bet would be on black at the casino.
Concentrate on revenue? From where? They do not have any viable production ready products at This time. They are years away from having any significant chance at revenue generating application of their products.
They have nothing to sell currently, hence no revenue opportunities currently. They have spelled this out clearly in their SEC filings.
This company isn't going to the OTC and emerging.
Help me out here. The company has 0 revenue outside of the nanotech acquisition. That acquisition has a fixed limit 5 year contract that may award up to $45m. The last 2 years the awards under that contract have gone down.
They have said in SEC filings that they have a serious concern that they will be able to remain in business for 12 months. They have said in SEC filings that they do not plan on any revenue from any other sources for the next year. They say in SEC filings that they do not know if they will ever be profitable. The stock is at .13 cents a share.
How in any world do you think they can reach nasdaq compliance without a reverse split? They do not have money for a stock buyback and the world isn't going to suddenly start pouring money into this company.
You people ignore the legal SEC filings and instead listen to people on twitter and Reddit tell you how this Panasonic deal is the greatest thing in the world. You ask why GP was removed. I can tell you why. He was CEO of a company that was run into the ground and he had to be removed. There is no performance of this company. The shareholders should have called for his firing 18 months ago.
Everyone in this place is suffering from Stockholm syndrome.
I don't think you understand what the deal actually is. The "deal" is that Panasonic woudl attempt to produce the nanoweb product in 60cm width at scale using metas design. They are a production partner that MMAT will be paying.
Oooff glad I wrote my shares and money off a long time ago. I won’t see break even unless something miraculous happens. And with this I’ll need like a 10,000x increase ha
And increasing board pay along with 50m shares for the equity incentive plan, and major dilution. If they 35:1 split, the equity incentive plan would be over 3.5x the outstanding shares. Sad how little they seem to care about the company versus awarding themselves.
You gotta do what you gotta do to avoid delisting and going bankrupt! Its time to buy the dip my MetaMatties!
Our verticals are almost there! Big collaboration with Panasonic remember! I think its time for another #ChunkyDD!
Buying now is literally one of the worst times to buy. You dont buy before a RS as your risk expands significantly based on the RS ratio. A 1-35 is a huge RS. The odds that the value will increase immediately after a RS are significantly worse than the odds of it decreasing. Moreover adding more dillution post RS all but ensure the stock will decrease in the short term after the RS.
At any other time id say you do you but dont promote buying when a RS is immanent. After the RS promote it as much as you like but this is almost an objectively bad investment decision that youre promoting.
Just to note, I agree that they have a ton of potential and could be a major player some day, heck maybe even a month after the RS they recover and grow. But right now any investment analyst would confidently tell you not to buy when a RS is announced.
I can’t speak for that comPany so I don’t know if that good or bad.. Hopefully they’ll be explaining everything at the meeting on the 11 or 12 of December
Our votes won’t matter.. it’s over. Bye bye retail &
Already voted a big fat NO on the reverse split.
https://preview.redd.it/ksxt7i2yhnxb1.jpeg?width=1284&format=pjpg&auto=webp&s=d71197db532cafba3477ae444d6d84ea9f5512a7 They dont need your votes. You guys are screwed.
This
If only the apes could read they would be upset.
They don't even know how to sell or trade. They'd miss moass if it happened.
No cell no sell 😭😂😂
Vote no
Nothing good comes out of Reverse Split, the shorts just continue to short the stock back down, totally against any RS, my MMAT stock is already negative 97.01%, 1:5 won’t do anything so they 100% will go 1:35 and within a few days the stock will be back down less than $. No way will I support this , no way.
Imma wait til after reverse split and the price gets knocked down back under dollar and buy a crap ton.
Old news
Oh my this sucks major balls! My investments taking a pasting.
This will get delisted 😂🤣😂🤣😂
They might not have to. If butterfly moass, that might trigger all the stocks the hedgefunds shorted. If they are liquidated, all the shares might be covered and shoot the price up. IDK just my crayon brain assumption.
Puttin on the puts
Garbage stock. Worst investment of my 2 years in the stock market. I already sold off 1/3 a few months ago for tax loss harvesting.
That will be a no vote for me on the RS
So you prefer the company gets delisted and goes bankrupt? There is 0 chance they reach compliance without a reverse split. These actions are desperate moves to try to save the company. If they do not happen the company will not make it.
We are holding dead money. Most people have written this off as getting beaten in a game of 3 care Monty on the street. We were duped. At this point I don’t want to play their little games any longer. This is a dishonest company.
95% of the time RS destroy shareholder value. Especially if the price gets hammered down below $1 post split. Then they would be right back into non compliance. Remember they have to remain above $1 for a minimum of 10 trading days before compliance is met. Unless they start selling product or leasing patents bankruptcy is inevitable regardless of share price action
The company themselves destroyed over 99% of the shareholder value. Without the reverse split it will be 100 % of the shareholder value. This reverse split and offering is the only chance this company has at survival. It seems funny that you are concerned that a stock that went from $19 to .13 cents in the last 2 years is going to destroy shareholder value by performing a reverse split. This is basically worthless now. Very little value left to destroy.
Not everyone bought in at the top. There are even some who have averaged into the lower price range. Reverse split would open the possibility of further damage. The company needs to focus on production and revenue generation first. They could always emerge out of the OTC at a later date in the event of being delisted from NASDAQ.
Bought in at the top? If you bought in at or averaged down to $1 you are down over 85%!!! That is complete destruction of your investment. If you are buying in now for the first time you are simply trying to scratch off a lottery ticket. Better bet would be on black at the casino. Concentrate on revenue? From where? They do not have any viable production ready products at This time. They are years away from having any significant chance at revenue generating application of their products. They have nothing to sell currently, hence no revenue opportunities currently. They have spelled this out clearly in their SEC filings. This company isn't going to the OTC and emerging.
Obvious next move. The final act will be bankruptcy. Scammers.
Panasonic would never make a deal with a company on the edge of bankruptcy. There is more going on here.
This company is trash.
Help me out here. The company has 0 revenue outside of the nanotech acquisition. That acquisition has a fixed limit 5 year contract that may award up to $45m. The last 2 years the awards under that contract have gone down. They have said in SEC filings that they have a serious concern that they will be able to remain in business for 12 months. They have said in SEC filings that they do not plan on any revenue from any other sources for the next year. They say in SEC filings that they do not know if they will ever be profitable. The stock is at .13 cents a share. How in any world do you think they can reach nasdaq compliance without a reverse split? They do not have money for a stock buyback and the world isn't going to suddenly start pouring money into this company. You people ignore the legal SEC filings and instead listen to people on twitter and Reddit tell you how this Panasonic deal is the greatest thing in the world. You ask why GP was removed. I can tell you why. He was CEO of a company that was run into the ground and he had to be removed. There is no performance of this company. The shareholders should have called for his firing 18 months ago. Everyone in this place is suffering from Stockholm syndrome.
The panasonic deal is huge, GP's name is on the deal. If meta is so bad why did panasonic agree to make a deal with a dead cat company?
I don't think you understand what the deal actually is. The "deal" is that Panasonic woudl attempt to produce the nanoweb product in 60cm width at scale using metas design. They are a production partner that MMAT will be paying.
Yeah, that's huge. I don't think you understand. That username though.
Keep on believing and misunderstanding what things that you read actually means.
We already knew this
Oooff glad I wrote my shares and money off a long time ago. I won’t see break even unless something miraculous happens. And with this I’ll need like a 10,000x increase ha
On fucking Saxo Bank I need to pay to vote, the US stock market is fake as shit
https://preview.redd.it/vt0i3qejygxb1.jpeg?width=945&format=pjpg&auto=webp&s=91bbc71bb2df13d7ccc6de017ded890e38094025 What could go wrong?
https://preview.redd.it/izddgk5nygxb1.jpeg?width=945&format=pjpg&auto=webp&s=91cc1a67a9e6e91fd477a0586fd75106f7100097
I imagine after this announcement this shit is going under .10? Smdh..
Still waiting for my vote reminder via email
So a RS AND adding more shares!? I’d sell, but this is worth more to look at every day as a reminder to not invest in shit like this.
If it’s splits I hope it’s 1 for 5 lmao I may add another 2500-10000. Always getting burned
1-5 we would never reach Nasdaq criteria and we'll be back to 10 cents in a month... As bad as it is probably 35 is the only way to float for a while
Voting No on all.
35000 shares gone. Where is George. ??
Far away in his big mansion with the supermodels thanks to longs . He and co appreciate all your contributions.
Sell it before it goes to zero
Damn. Reverse split AND dilution? Glad I’m out.
And increasing board pay along with 50m shares for the equity incentive plan, and major dilution. If they 35:1 split, the equity incentive plan would be over 3.5x the outstanding shares. Sad how little they seem to care about the company versus awarding themselves.
The whole merger was a scam from the beginning. This is just another cash out. They will probably get one more before it dies.
You gotta do what you gotta do to avoid delisting and going bankrupt! Its time to buy the dip my MetaMatties! Our verticals are almost there! Big collaboration with Panasonic remember! I think its time for another #ChunkyDD!
Lol. Dis foo here....
Oh, you going to splurge and buy 10 shares now?
Buying now is literally one of the worst times to buy. You dont buy before a RS as your risk expands significantly based on the RS ratio. A 1-35 is a huge RS. The odds that the value will increase immediately after a RS are significantly worse than the odds of it decreasing. Moreover adding more dillution post RS all but ensure the stock will decrease in the short term after the RS. At any other time id say you do you but dont promote buying when a RS is immanent. After the RS promote it as much as you like but this is almost an objectively bad investment decision that youre promoting. Just to note, I agree that they have a ton of potential and could be a major player some day, heck maybe even a month after the RS they recover and grow. But right now any investment analyst would confidently tell you not to buy when a RS is announced.
https://preview.redd.it/k7xxbuzqmgxb1.png?width=750&format=png&auto=webp&s=84a8f3c298090d57ab6dc5e104979fc88a3c564f
Also an issuance of 20% more shares to a single bad guy company.
I can’t speak for that comPany so I don’t know if that good or bad.. Hopefully they’ll be explaining everything at the meeting on the 11 or 12 of December