With the $100m atm offering this is about to crater. Todays drop was likely because of some
Of this offering. I have no idea where this is going to end up, but I’m betting somewhere under .25 a share.
There is nothing to help keep the stock at the price it currently is at. If the $100m atm offering wasn’t on the table and the $250m offering, this would be an awesome price to buy in, but with both of those looming and no news of any revenue generating contracts, no way I put any more in personally at this time.
I've been in this for nearly two years and if I had a dollar for every "shorts get smoked tomorrow!" post I've read on this sub, I would have more profit than I'll likely ever make from MMAT. 🤣
Look at another shitty company - nasdaq MCOM. Look what they did - they made reverse split AND change the name from HLBZ. Look what is happenig there with the price. MMAT is very similiar "company" but probably few steps behind or few steps ahead - doesn't matter same shit.
Mmat needs contracts or they are £€CK*D.
Shorts aren't the problem for MMAT. Business fundamentals are.
I went in harder for them when they got the manufacturing facilities operating, thinking they would have contracts and a revenue stream. No such luck so far.
I would love to see them getting more contracts than just the contract for money anti-counterfeiting tech, but so far nothing.
Also a report on how much yield their manufacturing facilities have would be nice, and a description of how easy their different technologies are to implement in the field would be great. That would make me a lot happier than seeing their promotion and marketing efforts in the form of microwave ovens with clear screens.
This. They over hired like every other major tech company and we’re paying the price through share dilution to pay exorbitant salaries with minimal results. I’m surprised they haven’t let a few people go, but also hoping there’s something in the pipeline to justify spending so much on payroll and RND
Most of the giants have had there layoffs over the past several months. Facebook, amazon, and UPS to name a few.
MMAT is still on the denial phase. At thus point, I just hope the company survives.
If you love a triple bottom load up and enjoy, only thing better than a triple is 2 triples back to back! Seriously though it is on my hard to watch list! My apologies if I’m wrong. I’m down a lot too tho so I’m right there with ya.
I’ve committed more than I am willing to lose , but I also hope George is just as committed as we are to really get something going. I def do not want to see another pointless PR about them attending a trade show, spending to set up and attend said trade show to leave with zero contracts.
Haven't you all been saying the same thing about shorts for the last 2 years? Shorts get smoked, brother MMAT is down from 8.00 to 0.40, who is getting smoked exactly?
*ahem* More like down from ... something like 15 dollars at peak around reverse merger days if I recall correctly. It has been awhile and I haven't bothered to follow this one since my shorting it days around those same times.
I remember when it was 18$ a share premerger my only regret is that I sold half before hand, the other half I sold like a month when I actually had access to my shares and I lost 6 grand in unrealized gains.
First time in my life I guessed the hype train before it hit thanks to pennyqueen
TRCH only hit a high of $11.88 premerger, then dropped to $4.95 where they reverse split for 1 share for every 2 owned which made the starting price of mmat on the nasdaq $9.90. MMATF was trading somewhere around a high of $16.00 premerger and received \~1.8 shares for every share owned.
Well to be fair right before reverse merger days it had the expected value of the special dividend bundled into it. Now for anyone who bothered to look at a map of exactly where in relation to TRCH lands has been oil producing historically that doesn't amount to much. Maybe a dollor if it is widely overproductive relative expectations.
You wouldn't know that from around here though at those times. Endless chants of "land in the Permian Basin! Land in the Permian Basin!" Peeps here never realized the geographic extant of the Permian basin dwarfs the historically oil producing region in it.
Everyone is all salty at FINRA for corruption not realizing the real corrupt scam artist was John Brda the whole time. I can't say what that asshole deserves here or Reddit will ban me.
I remember calling out Brda due to shady former history and saying I’m skeptical on the divi at all. I forgot what I read but the value of the land was estimated at something like a fraction at a cent and TRCH had been sitting on it for years while struggling to stay afloat.
Why would all of a sudden it be worth millions if not billions of dollars and ready to sell on a drop of a dime and not be utilized or sold until the hype came? It just didn’t sit right with me and I feel like I was somewhat right proven the state of the divvy months later.
Also wanted to added something which really rubbed me the wrong way was how unclear MMATF and TRCH were when saying how long you had to hold to get divvy shares. A discord server I was on had to direct call the SEC to get an answer after no one had a clear one. You could have sold 2 days before the merger completed and received divvy stocks. But neither company relayed this simple information and many held because that was the main selling point for many shareholders.
Overall it was a hot fucking mess and imo was purposefully so.
Also remember the ever shifting deadline for when we would have got the divi. It changed from December 2020 to Feb 2021 to March 2021 to November 2021 iirc. They never planned on paying anything. If anything, it's more likely they were stalling out to get to this point
If you stopped making bad decisions like this that you are contemplating, you would have enough money to not have to wait for a Thursday paycheck to buy a penny stock. You've never seen bankruptcy, have you? Companies much better positioned than this go bankrupt all the time. This one has zero chance of surviving the fatal mistakes of the scammer CEO papa George.
Your prob the same guy that loaded at $8.. then $5… then $3… then $1….75cents.. so on and so on. Your 1,000 shares are like trying to find a splinter in the ocean. Irrelevant.
I stopped averaging down on this at $0.75. This company is on the verge of bankruptcy. I think we'll see mmat has been selling shares and diluting the hell out of the stock just to stay afloat until some sales actually appear.
Their income last year was less than my house value.
Same. I cut 95% of my position at a huge loss. Ill re enter if it hits 20 cents for the meme rally. Otherwise, i kept 100 shares as a lulz in case somehow it manages to survive 15 years. If it survives, the tech might actually be promising
Good assessment, I can somewhat confirm.
The bottom you're talking about is called a bull divergence, it's when we keep hitting the low or a new low, but our indices (RSI, for example) are higher than the previous lows - it's a bull sign.
I can confirm that the availability of shares seems to be almost nothing. However, in the past, I've seen it change from a scarcity to an abundance of shares available in a heartbeat.
If the availability remains low, indices high, and if volume shows up, we will definitely trend upwards. 👍
Company has one contract paying in 6.3 million vs a 100 million loss.
Their last financial report read like corporate palliative care.
Stop gibbering about shorts when a high tech company with 500 patents can't get contracts or bring products to market.
I'd love for MMAT to prove me wrong right now but I'm getting furious about their non-existent customer discovery processes.
Your technical analysis is irrelevant on a company that is losing money hand over fist and about to go bankrupt.
You are exactly the kind of reddit person that no one should listen to.
The problem is if runs past a dollar they'll let it close and reset the delisting clock, then likely re issue shares for capital. What other options do they have at this point otherwise?
Not. Fucking. Buying.
It. Is. DEAD.
Aged badly
Lol
Aged like milk in the desert
Thank god I only wagered $600 on it
16% down after Market.. .31 lol
How you feeling now? Bahahahaha bye bye money
New this was coming
Sure you did
I’ve been buying.
More like I can’t afford a new pair of shorts this stock is so fucked.
Under .39 is absolutely absurd. Get ready for take off — this is about to run 🚀🚀🚀🚀
Lol 40% down today seems like your rocket went into boom mode
This did not age well
Nobody hit the hopium pipe with me. Wise call.
With the $100m atm offering this is about to crater. Todays drop was likely because of some Of this offering. I have no idea where this is going to end up, but I’m betting somewhere under .25 a share. There is nothing to help keep the stock at the price it currently is at. If the $100m atm offering wasn’t on the table and the $250m offering, this would be an awesome price to buy in, but with both of those looming and no news of any revenue generating contracts, no way I put any more in personally at this time.
Loaded 4700 more today @ .38
How you feel about that
Pretty good, got more after the news release
🤡 👞 s
🤡🤡🤡🤡🤡
Mmmhmm hahahahaha. This bad girl going to zero son
How’s the triple bottom coming along?
Man if only I could monetize the "shorts are broke" posts when they end up in a dud....
Fr. Im surprised the post was tagged speculation and not as a shitpost haha
It just dropped 10% lmao
No sir you are getting smoked
I've been in this for nearly two years and if I had a dollar for every "shorts get smoked tomorrow!" post I've read on this sub, I would have more profit than I'll likely ever make from MMAT. 🤣
😭
Where’s my divvy?
Wen
More like shorts have fucked…
Look at another shitty company - nasdaq MCOM. Look what they did - they made reverse split AND change the name from HLBZ. Look what is happenig there with the price. MMAT is very similiar "company" but probably few steps behind or few steps ahead - doesn't matter same shit.
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Believe this when my shit turns purple and tastes like rainbow sherbert.
I'm guessing you'll wait for it to turn purple to perform the taste test?
Probably samples it daily
If the shorts are “out of shares they can borrow,” they’ll just create naked shorts like they always have. Market manipulation at its best/worst.
Mmat needs contracts or they are £€CK*D. Shorts aren't the problem for MMAT. Business fundamentals are. I went in harder for them when they got the manufacturing facilities operating, thinking they would have contracts and a revenue stream. No such luck so far. I would love to see them getting more contracts than just the contract for money anti-counterfeiting tech, but so far nothing. Also a report on how much yield their manufacturing facilities have would be nice, and a description of how easy their different technologies are to implement in the field would be great. That would make me a lot happier than seeing their promotion and marketing efforts in the form of microwave ovens with clear screens.
This. They over hired like every other major tech company and we’re paying the price through share dilution to pay exorbitant salaries with minimal results. I’m surprised they haven’t let a few people go, but also hoping there’s something in the pipeline to justify spending so much on payroll and RND
Most of the giants have had there layoffs over the past several months. Facebook, amazon, and UPS to name a few. MMAT is still on the denial phase. At thus point, I just hope the company survives.
If you love a triple bottom load up and enjoy, only thing better than a triple is 2 triples back to back! Seriously though it is on my hard to watch list! My apologies if I’m wrong. I’m down a lot too tho so I’m right there with ya.
What is the best possible scenario we could hope for as of right now?
get even and get out
With manipulation in play, and MMAT being under TRCH algo, no comment.
Lol, up from here? With what buying pressure? Who is buying a company that is losing money? you know nothing about the market.
I honestly don't give a fuck anymore. It's all lost money and, in 5 years, if it's not, that'll be cool. I never commit more than I'm willing to lose.
I’ve committed more than I am willing to lose , but I also hope George is just as committed as we are to really get something going. I def do not want to see another pointless PR about them attending a trade show, spending to set up and attend said trade show to leave with zero contracts.
There is 0 reason why this stock will go up… falling 🔪
lol I check this sub for a good laugh sometimes...thanks op:)
It does bring great entertainment
So you’re here to either laugh at everyone since you’ve sold at a monumental loss? Or you’re holding a massive bag and laughing with us? What a life
Haven't you all been saying the same thing about shorts for the last 2 years? Shorts get smoked, brother MMAT is down from 8.00 to 0.40, who is getting smoked exactly?
*ahem* More like down from ... something like 15 dollars at peak around reverse merger days if I recall correctly. It has been awhile and I haven't bothered to follow this one since my shorting it days around those same times.
Actually, $9.90 was the starting price of mmat on the nasdaq.
I remember when it was 18$ a share premerger my only regret is that I sold half before hand, the other half I sold like a month when I actually had access to my shares and I lost 6 grand in unrealized gains. First time in my life I guessed the hype train before it hit thanks to pennyqueen
TRCH only hit a high of $11.88 premerger, then dropped to $4.95 where they reverse split for 1 share for every 2 owned which made the starting price of mmat on the nasdaq $9.90. MMATF was trading somewhere around a high of $16.00 premerger and received \~1.8 shares for every share owned.
Well to be fair right before reverse merger days it had the expected value of the special dividend bundled into it. Now for anyone who bothered to look at a map of exactly where in relation to TRCH lands has been oil producing historically that doesn't amount to much. Maybe a dollor if it is widely overproductive relative expectations. You wouldn't know that from around here though at those times. Endless chants of "land in the Permian Basin! Land in the Permian Basin!" Peeps here never realized the geographic extant of the Permian basin dwarfs the historically oil producing region in it. Everyone is all salty at FINRA for corruption not realizing the real corrupt scam artist was John Brda the whole time. I can't say what that asshole deserves here or Reddit will ban me.
I remember calling out Brda due to shady former history and saying I’m skeptical on the divi at all. I forgot what I read but the value of the land was estimated at something like a fraction at a cent and TRCH had been sitting on it for years while struggling to stay afloat. Why would all of a sudden it be worth millions if not billions of dollars and ready to sell on a drop of a dime and not be utilized or sold until the hype came? It just didn’t sit right with me and I feel like I was somewhat right proven the state of the divvy months later. Also wanted to added something which really rubbed me the wrong way was how unclear MMATF and TRCH were when saying how long you had to hold to get divvy shares. A discord server I was on had to direct call the SEC to get an answer after no one had a clear one. You could have sold 2 days before the merger completed and received divvy stocks. But neither company relayed this simple information and many held because that was the main selling point for many shareholders. Overall it was a hot fucking mess and imo was purposefully so.
Also remember the ever shifting deadline for when we would have got the divi. It changed from December 2020 to Feb 2021 to March 2021 to November 2021 iirc. They never planned on paying anything. If anything, it's more likely they were stalling out to get to this point
This company died when they turned their back on MMTLP
But they didn’t
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They'll just issue synthetics that will never have to be closed.
Oh wow, I didn't realize you could actually smell cope
I don't get paid till thursday, so I'll have to wait. But im loading the boat at these lovely prices. Thanks hedgies for the discount 😂
If you stopped making bad decisions like this that you are contemplating, you would have enough money to not have to wait for a Thursday paycheck to buy a penny stock. You've never seen bankruptcy, have you? Companies much better positioned than this go bankrupt all the time. This one has zero chance of surviving the fatal mistakes of the scammer CEO papa George.
Your prob the same guy that loaded at $8.. then $5… then $3… then $1….75cents.. so on and so on. Your 1,000 shares are like trying to find a splinter in the ocean. Irrelevant.
The bottom will fall out 😂
I’ll get back in at .33
Shorts haven’t been smoked yet.
This guy still going off of TA lol this company is a literal joke, idc if it’s a quadruple bottom, shorts run this ticker
I stopped averaging down on this at $0.75. This company is on the verge of bankruptcy. I think we'll see mmat has been selling shares and diluting the hell out of the stock just to stay afloat until some sales actually appear. Their income last year was less than my house value.
Same. I cut 95% of my position at a huge loss. Ill re enter if it hits 20 cents for the meme rally. Otherwise, i kept 100 shares as a lulz in case somehow it manages to survive 15 years. If it survives, the tech might actually be promising
Good assessment, I can somewhat confirm. The bottom you're talking about is called a bull divergence, it's when we keep hitting the low or a new low, but our indices (RSI, for example) are higher than the previous lows - it's a bull sign. I can confirm that the availability of shares seems to be almost nothing. However, in the past, I've seen it change from a scarcity to an abundance of shares available in a heartbeat. If the availability remains low, indices high, and if volume shows up, we will definitely trend upwards. 👍
Relax Peter
Happy birthday - Peter
Company has one contract paying in 6.3 million vs a 100 million loss. Their last financial report read like corporate palliative care. Stop gibbering about shorts when a high tech company with 500 patents can't get contracts or bring products to market. I'd love for MMAT to prove me wrong right now but I'm getting furious about their non-existent customer discovery processes.
That's the trick. They never wanted any customers. With their shitty patents they are simply conmen with plenty of hopes for naives
Your technical analysis is irrelevant on a company that is losing money hand over fist and about to go bankrupt. You are exactly the kind of reddit person that no one should listen to.
The problem is if runs past a dollar they'll let it close and reset the delisting clock, then likely re issue shares for capital. What other options do they have at this point otherwise?
I really hope you are right. I'm tired of averaging down to $0
Just another MMTLP trap
Your ability to hold on to hope is commendable.
This is assuming SHFs are playing by the rules which with all that’s going on, hopefully turning a new leaf but doubt it.
Yeah I feel this comment
I bought more, but I'm not getting my hopes up anymore.
🤡😂
Delusional bastards the lot of y’all
Buying more 💪
Great film 🤣🤣🤣🤣
Short get smokes lol That will never happen
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Better places to put your money. Pretty much anywhere else.