$Meta Materials (MMAT.US)$ An SEC response to George Palikar...
$Meta Materials(MMAT.US$ An SEC response to George Palikaras dated Nov. 22 shows where the SEC purposely let MMTLP trade on the open market as a dividend preferred stock and would not even review the decision. But it's located on the OGI news feed. Pretty weird but evidence none the least for a lawsuit against the SEC....
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StaticDeanOP : Here it is.....
AngelBull : look how easily you are misled and how people fed you with distorted and twisted info. this letter has nothing to do with whatever you mentioned or pretend to imply. it was for MMAT to register offerings of $250 million shares and was approved subsequently.
Here's the Extract from Meta Material website:
"META has identified factors that raise substantial doubt about the Company’s ability to continue to operate as a going concern and to achieve compliance with NASDAQ continued listing requirements.
...
META may pursue sources of additional capital through various financing transactions or arrangements, including the sale/leaseback of certain properties, joint venturing of projects, debt financing, equity financing, or other means.
Meta may not be successful in identifying suitable financing transactions in the time period required or at all, and it may not obtain the capital it requires by other means.
Future capital requirements may vary materially from period to period and will depend on many factors, including the timing and extent of spending on research and development efforts, and capital expenditures.
On November 9, 2022, META filed a registration statement (the “Prospectus”) no. 333-268282 on form S-3 allowing it to issue securities with aggregate offering price not to exceed $250 million. The Prospectus was declared effective by the SEC on November 18, 2022.
On February 10, 2023, META entered into a sales agreement (the “ATM Agreement”) with an investment bank with the establishment of an “at-the-market” offering program under which the Company may sell up to an aggregate of $100 million of shares of common stock (the “ATM Shares”) from time to time.
Source: From Mete Materials own website
https://metamaterial.com/meta-materials-announces-q4-and-fy-2022-results/#:~:text=On%20November%209%2C%202022%2C%20META,SEC%20on%20November%2018%2C%202022.
AngelBull : MMAT intended to offer $250 million (share dilution!). and further mentioned up to $100 million offer from time to time. At $0.20 it will reverse split or it will be delisted.
the share price will only dive and will offer again and further dive the price down when reverse split.
and the "law suit" rubbish are attempts to pump and dump this stock, clearly with such retard twisted info which can be easily verified.
StaticDeanOP : Ive owned this stock since Torchlight days. Your right I have been mislead. By FINRAFRAUD and the SEC. Don't come on here running your mouth about a stock you haven't probably ever owned until you started shorting it recently. According to you this was approved in November 22 yet the letter is dated November 22 denying them to even look into it. If anyone is misleading people it's you. Now get off my comment and go spams someone else with that BS....
AngelBull StaticDeanOP: According to Meta's press release S-3 File number 222-268282 was approved on 18 Nov 2022. According to your screenshot, the SEC letter was dated 16 Nov 2022 (NOT 26 Nov 2022 as you said) and it was for the purpose.of $250illi9n share offer filing.
refer to highlight if you misread the dates. and refer to the source (Meta's press release URL link above).