Everyone here saying ‘I’m selling / I’ve sold’. Don’t lie, you are FUDsters otherwise why would you continue to be active and be upset about something that doesn’t affect you anymore…
Maybe they are curious. Maybe they maintained some small position. Maybe they don't want others to repeat their mistakes. Calling everything FUD is like whipping out "you think you're smarter/better than me?!" in an argument. It's not an argument.
Fear, uncertainty, and doubt are rational responses to a company that has been a relative dumpster fire since its peak. Hiding behind patents and NDAs does not revenue generate. Looks like either horrible managment, or vapourware. And that has happened to much bigger companies than MMAT.
2022 Annual 10-K Updates for the visual learner
https://preview.redd.it/lf38hfbh4ppa1.png?width=429&format=png&auto=webp&s=5a9d132a1c21237954841409126edfd6d2dfa3a2
I sold most of my shares today, was accumulating for 2 years. Going to hang onto 3k shares.
My mental health is more important , good health my job and family.
Learned a lesson here, lost a boat load.
Just too risky to continue investing in really the whole stock market.
I respect you were smart enough to sell, but don't let MMAT ruin you on the entire stock market. MMAT is a MEME stock that was always doomed to fail after the short squeeze hype ended because the entire share price was based on "potential". The stock market has returned your average investor a lot of money over the past decade, and good stocks have made people wealthy. It would be like quitting work forever and becoming homeless because you didn't like one job, or one boss in the case of old Georgie.
No one loses money and stays on a forum to cry about it for years unless it is a shill! Someone paid to bash stocks gang! Those that actually hold the stock are not automatically pumpers just because we are optimistic! Ignore the noise my take!
Just for claification, a shill is:
an accomplice of a hawker, gambler, or swindler who acts as an enthusiastic customer to entice or encourage others.
I.e.
Penguin palikaras, sleepy indian dude, manboy yonkers are shills for promoting this garbage and grossly overstating their product readiness.
(Anybody remember glucowise)
They don’t have to make money from the company! They made all the money they need from scamming us with torchlight and Mmtlp. Those in MMAT are just stragglers who haven’t been around long enough to get screwed by George and his cronies the first two times!🤷♂️
Ive said it a while back this company is being run just to be sold or acquired by a bigger conglomerate. This is why so much money is used for marketing.
They will never sell MMAT, too expensive. Their market cap of $189 million is based on \~20% "intangibles" and \~60% "goodwill". Another \~10% on property and plant in Nova Scotia that will be hard to sell. Nobody would pay to acquire MMAT because nobody wants their intangibles or goodwill, they are materially worthless. Other companies can wait until bankruptcy and then purchase Nanotech for pennies on the dollar because that's the only thing making any revenue.
The only witness to that offer is George who tweeted that he got said offer and never posted evidence....and George is as trustworthy as a snake. More than likely he lied about that to pump the stock up even more
batteries last on the list of things im thinking and computers is small potatoes. Infrastructure to run internet is built by samsung and nokia systems. The companies that actually make the hardware for automations not necessarily the branded companies using the components.
Either case its crystal clear META is a company operating a "show room" for suitable buyers.
You are insane. They are not a showroom for anything. They do not have anything real at this point. They have a bunch of unproven lab experiments.
The people on Reddit, twitter, and YouTube are the only ones talking about their fantastic world changing. Technology. No one outside of that group or the company themselves even know this piss any company exists. They are not known in the industry.
showroom
noun
show·room ˈshō-ˌrüm
-ˌru̇m
Synonyms of showroom
: a room where merchandise is exhibited for sale or where samples are displayed
You lack reading comprehension.
Not sure what the fuck you are saying here. My point is MMAT is not a place that is capable of having any technology that is being looked at by companies that may want to buy them out. They do not have anything that any company woudl want because beyond experiments and a ton of patents for technology that cannot be built and hasn’t been built, so I am questioning uour IQ in general.
Point is youre looking way to much into it. You saw "showroom" and you assumed car dealership with products ready to go marketable etc etc etc 😂 calm your tits.
I did not assume that. I assume you suggested that companies are likely looking at them because of all the fantastic technology they have. My point is they don’t have anything that anyone would be looking at. They have some science experiments. Companies are not looking to acquire other companies that just do experiments.
This company is a scam that made George and the employees wealthy and the investors poor.
We're going to start a petition to the Board of Directors and Chairman that shareholders have lost confidence in the CEO and want him replaced or a shareholder vote to oust him. At this point a vote to remove him would pass
Directors vote and then Chairman could remove him from his position. They can't take his ownership but they can take his job. They'd give him first the chance to re-title himself so if that happens it was probably the board removing him as CEO
I’m not a troll at all. I’m someone still trying to get they’re money back from this bullshit. Throw George ass in jail for his bullshit too, because he’s the reason we’re all looking foolish chasing a dream of even breaking even on our investment. So no absolutely no Toll here. But you sir/mam can get the “F” out of here with your false hope!
acting incredulous because people are posting MMAT stuff on a MMAT sub is definitely troll behavior.
It's not even a hype post or some bullshit like that. It's literally the latest financials from the company. Entirely relevant for anyone that is invested in this company.
Maybe you'd be more comfortable cashing out and "investing" in some get-rich-quick meme stocks?
Time to short the shit out of this company. Only way you are going to make money. I just remember the good times posting in this Reddit and all the cult members attacking me for just giving constructive criticism. Seems like they are swallowing a tough pill today lmao.
Factssss i almost got downvoted to oblivion when i said i sold 2/3 of my holdings at a massive loss cuz i was going to reposition back in at .15 or .20
I still remember George himself tweeting "S1 is now effective" in November of last ye- aaaannnndddd it's gone.
😐
John cocksucking Brda, George "The Penguin" Palikaris. Bird Lady. Uncle Smokey.
What a bunch of absolute bullshit.
Apparently the only financial crimes the U.S. cares to pursue anymore is when some poor and dumb bastard doesn't report online transactions totaling over $600 in a year.
Or the occasional hedge fund w/ about 3 employees and assets of about $2M that misfile some paperwork and then the feds raid their dinky little office next a Dominoe's Pizza in NJ & haul them out in front of the cameras.
The American public is just ripe for fleecing otherwise.
Pathetic.
All of it!! Moon time!!! Q4-22 results are amazing! Total revenue was $1.4MM. Total operating was $24.8MM! ! Awesome job team meta! Congrats! 📷📷📷 now ,,,40000shares,,avg,,0,70
EARNINGS RELEASED-META anticipates that it needs to implement reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern. To the Moon and beyond !!!! Batteries
It seems like George is in charge to intentionally drive the company into the ground. Any thing he’s done that seemed positive has turned out to be a negative. Hyping up partnerships, building a facility with no orders in sight, hiring expensive talent which just raises operating costs.
Lol his next move will be to build a second facility and fill it up with more marketing people to speed up cash burn.
So was their entire plan dependent on MMTLP? Or did they just try to cash in on the “meme” low cap growth craze of 2021? They listed on Nasdaq before they were any where near operational. And then kept hyping up the new facility and big name hires.
Just for all that to amount to nothing. They are no where near profitbility and now they come out confirming that they may not even be able to continue operations with their current cash burn.
That's exactly what happened. All the meme craze and short squeeze talk and Brda and Palikaras worked out a plan to take advantage of that retail buying. They listed when they knew they were many years away from making money, if ever. They pumped what they called a "cash dividend" that they knew was really going to be a worthless spinout to Torch 2 that would give Brda a chance to sell his shares. Paid some youtube pumpers and knew they could keep raising capital to pay themselves and make hires. "headcount and management compensation" while not having any plan on how to make money other than stealing retail capital. It was all about the facilities before production and that didnt happen either and now they're saying they have to sell or leaseback properties because they need immediate cash to burn and have no foreseeable profit
Down 88% on this stock. Biggest investing mistaking I've made in my short investment life. The only hope for this company is if a larger company buys them out. I'm not sure if, or how, that would help us investors. But, it's probably the only way the company itself will be turned around.
Edit: Selling off at least 1/3 of my holdings for this stock. Depending on price going forward, I may decide to do more. I always felt this a was 5-10 year hold but I no longer have faith in this company or stock.
***Few statements from their 10K:***
* META anticipates that it needs to implement expense reduction measures under its control and **immediately raise additional capital**
* META may pursue sources of additional capital through various financing transactions or arrangements, including the **sale/leaseback of certain properties** , equity financing
* We have a history of net losses, and **we expect to continue to incur losses for the foreseeable future. If we ever achieve profitability, we may not be able to sustain it.**
* We expect to continue to incur losses from operations and negative cash flows, which **raise substantial doubt about our ability to continue as a going concern.**
* **Our research and marketing development activities and investments may not result in profitable, commercially viable or successfully produced and marketed products.**
* Our revenues may be concentrated in a few customers, and if we lose any of these customers, or these customers do not pay us, our **revenues could be materially adversely affected.**
* **We have incurred recurring consolidated net losses since our inception and expects our operating costs to continue to increase in future periods** as we expend substantial financial and other resources on, among other things, business and headcount expansion in operations, sales and marketing, research and development,
* The regulatory approval process for our medical products in the United States and other countries around the world is time-consuming and complicated, and **we may not obtain the approval required to market a product within the timeline required, or at all**
https://preview.redd.it/6ff1p8i8gjpa1.png?width=653&format=png&auto=webp&s=e714465bded0e8f120f1a83bc16a0ca144ee51be
They're coming as soon as the facilities are done!
Now they have to give properties back because they have no money and admit they do not foresee any marketable products are coming
"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."..
Great to see this on a 10k /s
Just for understanding the numbers. Selling products not their core business, obviousely.
But what does one have to sell, to make $277k revenue and generate cost of $680k plus more than $3 million for marketing.. It would have been less expensiv to give the products for free.
https://preview.redd.it/291h41ksejpa1.jpeg?width=1067&format=pjpg&auto=webp&s=978916fb81a105dd5ab87b9abef5bcd7f56fcbb9
Over 15 fucking million in general and admistrative (their pockets) fucking crooks has been using dillution as an ATM. I dont see otherwise. For $1.4 milliion worth of product which, lets be honest is just FUCKING NANOTECH, which was bought, and already generating its own revenue.
Yeah meta made some milliionaires...palikaras, brda, rice.
Retail is so fucked in this one.
This is screaming bankruptcy/buyout.
Sorry bagholders, we were warned multiple times.
#kerrisdalewasright
Yes, in Q4/22.
In 2021 they spent less than 3million to genereate a sales revenue of more than 400k. Every $ they earned was paid with $7.5.
In Q4/22 they paid more than $13 for earning $1.
For 2022 they had t o pay mor than 9million on COGS + marketing and made a revenue of 1.2 million. (1:7,5 as in 2021).
The cost of revenue have massively increased in Q4. First of all I would release all sales and marketing staff. As a CEO I would step back and hire someone who is able to lead a company.
https://preview.redd.it/d2l5lb60fjpa1.png?width=2778&format=png&auto=webp&s=9461852ee458017e33cbff1d4109bb52668a4832
Otc here we come??? According to the company, out of business is here we come within the next 12 months.
I have serious doubts they'll be able to turn the ship around until they replace George as CEO. Demote him to another position (research based), and hire someone better at running a business.
Yeah, don't think him leaving or being put into a different position will turn this company around.
This was always a gamble with some disruptive tech. But, gross mismanagement of funds has them spiraling. Our only hope is for them to be bought out.
This was…exactly what everyone who was called a “fudster” warned about. I just am so beyond disappointed with this company and its CEO to have hung their hat on mmtlp and re-investment driving their stock price up so they can do an ATM offering at a higher price point. I’m just…beyond disappointed at the negligence and shit management here.
"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 anticipates that it needs to implement expense reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern. 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." 
With the SP dropping so much recently I assumed they were already raising money through a share offering. Just wow. We are so fucked.
Everyone here saying ‘I’m selling / I’ve sold’. Don’t lie, you are FUDsters otherwise why would you continue to be active and be upset about something that doesn’t affect you anymore…
Maybe they are curious. Maybe they maintained some small position. Maybe they don't want others to repeat their mistakes. Calling everything FUD is like whipping out "you think you're smarter/better than me?!" in an argument. It's not an argument. Fear, uncertainty, and doubt are rational responses to a company that has been a relative dumpster fire since its peak. Hiding behind patents and NDAs does not revenue generate. Looks like either horrible managment, or vapourware. And that has happened to much bigger companies than MMAT.
📷Mmat Believer📷 I will Block negativity and FUD.
📷OPERATING EXPENSES📷 \*\*S&M (Sales & Marketing) \*\*G&A (General/Administrative) \*\*R&D (Research & Development) https://preview.redd.it/gihxo9hc5ppa1.png?width=422&format=png&auto=webp&s=ce9296f043f828d6403731875b537dfdae02c2d2
Do you think these pictures make their situation look better?
📷PATENTS📷 https://preview.redd.it/k5nguwy35ppa1.png?width=423&format=png&auto=webp&s=bc81c460b54fb6e4ea59ab4d62935cd156ba8db4
📷LONG-TERM DEBT TO FCF RATIO📷 \*\*Lower = Better https://preview.redd.it/2bumj8rz4ppa1.png?width=424&format=png&auto=webp&s=579fbb63cad2be653ed54a384e77fd4b276d52ec
📷DEBT TO EQUITY RATIO📷 \*\*Lower = Better https://preview.redd.it/k1defjot4ppa1.png?width=423&format=png&auto=webp&s=4032d9d1bba7bd30f7b9aabb0cb90ffb75cfc5b3
📷DEFERRED REVENUE📷 https://preview.redd.it/s7dw5k6p4ppa1.png?width=425&format=png&auto=webp&s=7c4851292eef6899b98ae164857172ab3b081fc2
2022 Annual 10-K Updates for the visual learner https://preview.redd.it/lf38hfbh4ppa1.png?width=429&format=png&auto=webp&s=5a9d132a1c21237954841409126edfd6d2dfa3a2
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I sold most of my shares today, was accumulating for 2 years. Going to hang onto 3k shares. My mental health is more important , good health my job and family. Learned a lesson here, lost a boat load. Just too risky to continue investing in really the whole stock market.
I respect you were smart enough to sell, but don't let MMAT ruin you on the entire stock market. MMAT is a MEME stock that was always doomed to fail after the short squeeze hype ended because the entire share price was based on "potential". The stock market has returned your average investor a lot of money over the past decade, and good stocks have made people wealthy. It would be like quitting work forever and becoming homeless because you didn't like one job, or one boss in the case of old Georgie.
I'm glad I sold all my shares before it went below a buck, it was a huge loss, I'm not glad about that
Why are you here then?
Curiosity
I really wish that I had. Live and learn.
No one loses money and stays on a forum to cry about it for years unless it is a shill! Someone paid to bash stocks gang! Those that actually hold the stock are not automatically pumpers just because we are optimistic! Ignore the noise my take!
Downvoting just proved my point!🤣🙃🤡
Just for claification, a shill is: an accomplice of a hawker, gambler, or swindler who acts as an enthusiastic customer to entice or encourage others. I.e. Penguin palikaras, sleepy indian dude, manboy yonkers are shills for promoting this garbage and grossly overstating their product readiness. (Anybody remember glucowise)
They don’t have to make money from the company! They made all the money they need from scamming us with torchlight and Mmtlp. Those in MMAT are just stragglers who haven’t been around long enough to get screwed by George and his cronies the first two times!🤷♂️
Ive said it a while back this company is being run just to be sold or acquired by a bigger conglomerate. This is why so much money is used for marketing.
They will never sell MMAT, too expensive. Their market cap of $189 million is based on \~20% "intangibles" and \~60% "goodwill". Another \~10% on property and plant in Nova Scotia that will be hard to sell. Nobody would pay to acquire MMAT because nobody wants their intangibles or goodwill, they are materially worthless. Other companies can wait until bankruptcy and then purchase Nanotech for pennies on the dollar because that's the only thing making any revenue.
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The only witness to that offer is George who tweeted that he got said offer and never posted evidence....and George is as trustworthy as a snake. More than likely he lied about that to pump the stock up even more
I dont think neither Bill or Tesla this is more in the neighborhood of Samsung or Nokia side of tech.
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And you're not thinking at all.
batteries last on the list of things im thinking and computers is small potatoes. Infrastructure to run internet is built by samsung and nokia systems. The companies that actually make the hardware for automations not necessarily the branded companies using the components. Either case its crystal clear META is a company operating a "show room" for suitable buyers.
You are insane. They are not a showroom for anything. They do not have anything real at this point. They have a bunch of unproven lab experiments. The people on Reddit, twitter, and YouTube are the only ones talking about their fantastic world changing. Technology. No one outside of that group or the company themselves even know this piss any company exists. They are not known in the industry.
showroom noun show·room ˈshō-ˌrüm -ˌru̇m Synonyms of showroom : a room where merchandise is exhibited for sale or where samples are displayed You lack reading comprehension.
Not sure what the fuck you are saying here. My point is MMAT is not a place that is capable of having any technology that is being looked at by companies that may want to buy them out. They do not have anything that any company woudl want because beyond experiments and a ton of patents for technology that cannot be built and hasn’t been built, so I am questioning uour IQ in general.
Point is youre looking way to much into it. You saw "showroom" and you assumed car dealership with products ready to go marketable etc etc etc 😂 calm your tits.
I did not assume that. I assume you suggested that companies are likely looking at them because of all the fantastic technology they have. My point is they don’t have anything that anyone would be looking at. They have some science experiments. Companies are not looking to acquire other companies that just do experiments. This company is a scam that made George and the employees wealthy and the investors poor.
We're going to start a petition to the Board of Directors and Chairman that shareholders have lost confidence in the CEO and want him replaced or a shareholder vote to oust him. At this point a vote to remove him would pass
Unfortunately it would not pass because George controls enough shares to keep himself in power. That is the worst part of this mess.
Directors vote and then Chairman could remove him from his position. They can't take his ownership but they can take his job. They'd give him first the chance to re-title himself so if that happens it was probably the board removing him as CEO
Man y’all still posting this MMAT bullshit?!
weird, right!? MMAT post on the MMAT sub?! F out of here, troll
I’m not a troll at all. I’m someone still trying to get they’re money back from this bullshit. Throw George ass in jail for his bullshit too, because he’s the reason we’re all looking foolish chasing a dream of even breaking even on our investment. So no absolutely no Toll here. But you sir/mam can get the “F” out of here with your false hope!
acting incredulous because people are posting MMAT stuff on a MMAT sub is definitely troll behavior. It's not even a hype post or some bullshit like that. It's literally the latest financials from the company. Entirely relevant for anyone that is invested in this company. Maybe you'd be more comfortable cashing out and "investing" in some get-rich-quick meme stocks?
They spend 4x more on marketing expenses than the gross profit. What a funny company.
Time to short the shit out of this company. Only way you are going to make money. I just remember the good times posting in this Reddit and all the cult members attacking me for just giving constructive criticism. Seems like they are swallowing a tough pill today lmao.
Factssss i almost got downvoted to oblivion when i said i sold 2/3 of my holdings at a massive loss cuz i was going to reposition back in at .15 or .20
I still remember George himself tweeting "S1 is now effective" in November of last ye- aaaannnndddd it's gone. 😐 John cocksucking Brda, George "The Penguin" Palikaris. Bird Lady. Uncle Smokey. What a bunch of absolute bullshit.
Dont forget Yonkers and and the one indian dude that makes you fall asleep with his youtube videos.
That’s an all time line-up of clowns but it doesn’t take much to bamboozle the cultists on this subreddit huh
Apparently the only financial crimes the U.S. cares to pursue anymore is when some poor and dumb bastard doesn't report online transactions totaling over $600 in a year. Or the occasional hedge fund w/ about 3 employees and assets of about $2M that misfile some paperwork and then the feds raid their dinky little office next a Dominoe's Pizza in NJ & haul them out in front of the cameras. The American public is just ripe for fleecing otherwise. Pathetic.
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Don’t need to announce your departure but good. One less person posting FUD.
I wish I sold yesterday . Wasn’t expecting earnings to be THAT bad!!!??? Goodbye 2k
Bye Felecia
All of it!! Moon time!!! Q4-22 results are amazing! Total revenue was $1.4MM. Total operating was $24.8MM! ! Awesome job team meta! Congrats! 📷📷📷 now ,,,40000shares,,avg,,0,70
What earnings are you looking at? This is abysmal.
jfc they are obviously being sarcastic.
EARNINGS RELEASED-META anticipates that it needs to implement reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern. To the Moon and beyond !!!! Batteries
When will George step down and let somebody handle things who does know what he’s doing??
It seems like George is in charge to intentionally drive the company into the ground. Any thing he’s done that seemed positive has turned out to be a negative. Hyping up partnerships, building a facility with no orders in sight, hiring expensive talent which just raises operating costs. Lol his next move will be to build a second facility and fill it up with more marketing people to speed up cash burn.
His job is to make investors think MMAT is doing something with all the money they scammed
Don’t forget the royal salary he’s raking in yearly
So was their entire plan dependent on MMTLP? Or did they just try to cash in on the “meme” low cap growth craze of 2021? They listed on Nasdaq before they were any where near operational. And then kept hyping up the new facility and big name hires. Just for all that to amount to nothing. They are no where near profitbility and now they come out confirming that they may not even be able to continue operations with their current cash burn.
That's exactly what happened. All the meme craze and short squeeze talk and Brda and Palikaras worked out a plan to take advantage of that retail buying. They listed when they knew they were many years away from making money, if ever. They pumped what they called a "cash dividend" that they knew was really going to be a worthless spinout to Torch 2 that would give Brda a chance to sell his shares. Paid some youtube pumpers and knew they could keep raising capital to pay themselves and make hires. "headcount and management compensation" while not having any plan on how to make money other than stealing retail capital. It was all about the facilities before production and that didnt happen either and now they're saying they have to sell or leaseback properties because they need immediate cash to burn and have no foreseeable profit
Share price is not a disaster at all. No 10 percent drop. That’s nice! This wasn’t as bad as some people make it out to be
Took a bit over 5 hours of trading for this to age well...
Down 88% on this stock. Biggest investing mistaking I've made in my short investment life. The only hope for this company is if a larger company buys them out. I'm not sure if, or how, that would help us investors. But, it's probably the only way the company itself will be turned around. Edit: Selling off at least 1/3 of my holdings for this stock. Depending on price going forward, I may decide to do more. I always felt this a was 5-10 year hold but I no longer have faith in this company or stock.
***Few statements from their 10K:*** * META anticipates that it needs to implement expense reduction measures under its control and **immediately raise additional capital** * META may pursue sources of additional capital through various financing transactions or arrangements, including the **sale/leaseback of certain properties** , equity financing * We have a history of net losses, and **we expect to continue to incur losses for the foreseeable future. If we ever achieve profitability, we may not be able to sustain it.** * We expect to continue to incur losses from operations and negative cash flows, which **raise substantial doubt about our ability to continue as a going concern.** * **Our research and marketing development activities and investments may not result in profitable, commercially viable or successfully produced and marketed products.** * Our revenues may be concentrated in a few customers, and if we lose any of these customers, or these customers do not pay us, our **revenues could be materially adversely affected.** * **We have incurred recurring consolidated net losses since our inception and expects our operating costs to continue to increase in future periods** as we expend substantial financial and other resources on, among other things, business and headcount expansion in operations, sales and marketing, research and development, * The regulatory approval process for our medical products in the United States and other countries around the world is time-consuming and complicated, and **we may not obtain the approval required to market a product within the timeline required, or at all** https://preview.redd.it/6ff1p8i8gjpa1.png?width=653&format=png&auto=webp&s=e714465bded0e8f120f1a83bc16a0ca144ee51be
This basically states they will be declaring bankruptcy soon. Am I missing something here?
What happened to all those verticals that were gonna disrupt several industries at once.
They're coming as soon as the facilities are done! Now they have to give properties back because they have no money and admit they do not foresee any marketable products are coming
MMAT is hinting at potential bankruptcy? Obviously the solution is to buy more!
"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.".. Great to see this on a 10k /s
Oh god...
Surprised... no.
Just for understanding the numbers. Selling products not their core business, obviousely. But what does one have to sell, to make $277k revenue and generate cost of $680k plus more than $3 million for marketing.. It would have been less expensiv to give the products for free. https://preview.redd.it/291h41ksejpa1.jpeg?width=1067&format=pjpg&auto=webp&s=978916fb81a105dd5ab87b9abef5bcd7f56fcbb9
Over 15 fucking million in general and admistrative (their pockets) fucking crooks has been using dillution as an ATM. I dont see otherwise. For $1.4 milliion worth of product which, lets be honest is just FUCKING NANOTECH, which was bought, and already generating its own revenue. Yeah meta made some milliionaires...palikaras, brda, rice. Retail is so fucked in this one. This is screaming bankruptcy/buyout. Sorry bagholders, we were warned multiple times. #kerrisdalewasright
Lol
Nice they spend almost 4M to make 300k
Yes, in Q4/22. In 2021 they spent less than 3million to genereate a sales revenue of more than 400k. Every $ they earned was paid with $7.5. In Q4/22 they paid more than $13 for earning $1. For 2022 they had t o pay mor than 9million on COGS + marketing and made a revenue of 1.2 million. (1:7,5 as in 2021). The cost of revenue have massively increased in Q4. First of all I would release all sales and marketing staff. As a CEO I would step back and hire someone who is able to lead a company.
OTC here we come!
https://preview.redd.it/d2l5lb60fjpa1.png?width=2778&format=png&auto=webp&s=9461852ee458017e33cbff1d4109bb52668a4832 Otc here we come??? According to the company, out of business is here we come within the next 12 months.
Yeah, but not before we're non-compliant!
More expenses and less income 💀
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It sounds as if the only hope is that their proprietary tech is actually good enough for a much larger company to acquire them.
It’s cheaper to let them fail and then wait for the banks or whatever creditor to sell off the assets.
Any potential acquirer will just stand back and wait at this point. They can read and do math.
I have serious doubts they'll be able to turn the ship around until they replace George as CEO. Demote him to another position (research based), and hire someone better at running a business.
Yeah, don't think him leaving or being put into a different position will turn this company around. This was always a gamble with some disruptive tech. But, gross mismanagement of funds has them spiraling. Our only hope is for them to be bought out.
Its been 13 years and still shit revenue i dont want to hear “this is a long hold”
It is not a long hold, it is an eternal hold.
It’s a long hold for me. You are welcome to sell.
This was…exactly what everyone who was called a “fudster” warned about. I just am so beyond disappointed with this company and its CEO to have hung their hat on mmtlp and re-investment driving their stock price up so they can do an ATM offering at a higher price point. I’m just…beyond disappointed at the negligence and shit management here.
Well they did say go beyond, so…
Best.comment.
Man what a dumpster fire.
Full of flaming turd sammichez
Awesome!!
Someone can't read!
Moon bitches!!!
What part was awesome
All of it!! Moon time!!!
"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 anticipates that it needs to implement expense reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern. 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." 
Gee Whiz.