$Meta Materials (MMAT.US)$ Earning Report in estimated 18 da...
Earning Report in estimated 18 days (13 Nov 2023)
Shareholder meeting in 46 days (11 Dec 2023) to vote for major dilution
Either this go to lower than 0.1 or this go to 0.3... or with miracle it go back to $1.
For New Buyer please consider purchase wisely.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Salmon Klein : what a dilution means? i am holding some at 0.22...should i cut losses right now? i was hoping to get to 1 in a long long term
BagHolder23 Salmon Klein: they are going to issue more shares to raise funds.
more shares means that the proportion of company value per share goes down.
diluting the share price.
But, if you sell now you accept your losses, if you hold long term, and you are lucky maybe you get a profit.
Salmon Klein BagHolder23: ok but that's better than a reverse split. the only problem i see with that is that the float is way too large...so how are they going to make increase the value of the company shares?
TerpsLife Salmon Klein: there is a R/S up for vote as well.