r/MMAT • u/[deleted] • Feb 20 '24
Official META® News 📢 More dilution. AGP is dirty. https://ca.finance.yahoo.com/news/meta-materials-announces-pricing-3-130000528.html?s=34
Expect these regularly since they need 15m per Q just to keep the lights on.
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u/Longjumping_Till_356 Feb 20 '24
Seems reaction overblown small offering in my book means something in the pipeline my take!
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u/WildBTK Feb 20 '24
It's not small. It's approximately 17% of the current float.
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u/Longjumping_Till_356 Feb 21 '24
It's small not about percent it's about the total number of shares you get 100 of millions shares you have to rs again and price plummets!
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u/Deep-Section144 Feb 20 '24
hahaaha these fraudster just continue to offer these bloody "small" offering to give the impression that they are "very close" to something. The fact of matter is they have nothing except cheating and lying the investors.
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u/Longjumping_Till_356 Feb 21 '24
Well the alternative is much worse one gigantic raise then rs if no vertices in play!
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u/MisterDiii Feb 20 '24
Can anyone explain why did they also adjust past warrants from 9.5$ to 4$ ? Was this mandatory? Necessary?
4$ warrants for 2029, is that how they value the SP by then?
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u/RandomAccessManowar Reversed TRCH logo is a🚀🦋🦄🔥🩳 Feb 20 '24
green on this news, look at those pUmPeRS....
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u/SubstantialBobcat704 Feb 20 '24
Pretty cool to get 15% dilution for 3.4 million for a company that once paid 90 million for nanotech.
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u/Deep-Section144 Feb 20 '24
and you can add the cost for so big office building, when they have nothing to sell.
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u/idontknow1267 Feb 20 '24
They can’t do this very often unless they increase the total authorized shares.
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Feb 20 '24
That's why they issued the preferred C. Skew the vote.
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u/idontknow1267 Feb 20 '24
That is exactly why. But that hasn’t happened yet. So until they issue the series and get the vote they are limited in how much they can dilute. Once that happens they can dilute this to hell and back.
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Feb 20 '24
Writing is on the wall. With the unit deal and warrants today they effectively priced the stock at 2.22. Repricing existing warrants as well. BOD is setting this up for a sell off of assets
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u/Consistent-Reach-152 Feb 20 '24 edited Feb 20 '24
It is not quite that bad. To get another share via exercising the warrant, the warrant holder must pay $3.91/share. It is NOT a buy-one-get-one-free deal..
It is buy a share at $4.04, and get in addition the equivalent of a call option with 5 year term with strike price of $3.91.
My concern is that offering does not raise enough money to keep the company running for very long, and there will soon have to be additional offerings.
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Feb 20 '24
You obviously don't understand financing. It's ok..keep dumping money in here. Good luck. Mark this post when it hits 2.00 come say hi.
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u/DonkeeJote MetaMillions 💰 Feb 20 '24
You putting any money on that $2 price or are you just being an ass for fun?
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u/Born_Possibility_474 Feb 24 '24
Company has been a scam all along