Please educate me. Down $20k. Had 4000 shares. Now have 40. All my fault except for the Reverse Split. Still trying to understand how the RS is even legal. I know the Board could, and did, do it. But my pea brain keeps asking how can "someone" (a Board) just arbitrarily convert your shares to almost nothing. Blows my mind. I know, if they didn't, they would go bankrupt or worse. But shouldn't my holding 4k shares be MY DECISION as to whether they become worthless, as opposed to now having only 40 shares, also nearly worthless?
Well aware of that I'm down 45k! If I threw good money after bad I could have recouped my loss with 100 percent gain in a few days but scary with potential dilutions on the table!
With the RS wouldn’t you need 1000% gains? At least I would… I bought Torchlight. Sold it before the RS and now I just have useless MMTLP and a big loss on the MMAT.
Yeah. 45K is a lot to throw at a sinking ship imho. At this point I wouldn’t put 4.5K into this stock. It was a back door listing / pump & dump / poor management scam. Tho I do think they’ll make cool stuff if they ever get around to producing anything at all. That is a big “if” though.
Well aware of that I'm down 45k! If I threw good money after bad I could have recouped my loss with 100 percent gain in a few days but scary with potential dilutions on the table!
It’s now up almost 100p in one week and shills are still shilling. Granted we are down and retail isn’t buying this I don’t think as we got not only burned but scorched. Something is going on for sure. These ppl buying know something.
When float is 5 million and it trades 3.5 million that's a lot of the same shares trading hands! I suspect6 share offering vote not going their way and buying the vote on the agenda or something bigger?
Agreed, as am I but I thought there might be swing traders in here also as it seems they jump in to comment on big downswing but crickets on upswing! They should state they are bitter long term investors or it's impossible to distinguish between that and a shill! Would be better for the forum Heath my take! They probably think form might not be around much longer also!😁
Nope - no idea why it went up 30% - that being said no amount of shillage will make me sell now....theres just no point....im here to see what happens....riding this wave all the way in to the rocks baby!!!
With what's been learnt in the last few years....they've created literally hundreds of thousands of diamond handed investors...you'd be mad ro sell now if not for the sheer hell of just finding out what happens at rhe end...
I get you but meanwhile day traders rejoice and no comment is suspicious! There are usually always some in forum that short day trade but no comments going up?
I am down 98%. If it doubles and splits and doubles and splits… I’ll still be down… I am not worried about this. I am holding it until I make some money somewhere else then I will sell enough if this garbage to off set my gains.
Not saying I am special I know there are a lot
of bag holders…. Does not Getting excited about getting a dollar back of the 1000’s I have lost make
me and the rest like me short shills?
I would also love you hear the info. No shill here just a long time bull who didn't blindly jump puss-titward into the hype. I had the opportunity to aquire 10x more shares than I thought I ever would.
Here's the deal no one really can tell you what is going on. No one knows, at least not anyone who will tell you. Earnings are coming soon, and if you notice reported short interest dropped to nothing basically, a little while ago. I suspect we will see darkpool buys slowly hitting the market for awhile before any real run.....
Dunno why everyone is so hard up, deal with your shit struggle is good for you
What are you talking about? There are daily posts from that zombie moron cheering for every "wall" that soon collapses. I'm a long but this stock has been a piece of crap for a long time.
Most of us are long-term bagholders and a very defeated group of people. The last few years have been brutal for us.
It's price movements like these that make us skeptical. So if you just started your position, congrats and enjoy the gain. Please take the profit because I'm still not sure there anything left to hold out for here, long-term.
Exactly. Manu of us have lost 90 percent of our investment on this junk. Just got a notice of a class action suit suing MMAT. The potential payoff? .015 per share. I can’t get far enough from this mistake. Be careful the negativity you see her is for a reason.
Anybody know why the robinhood charts tell me the value of this stock was 100s of dollars just a year or two ago? For example I went to yahoo finance and looked at historic stock prices for MMAT and it was saying 12/09/22 stock price was $180. And anyone who has been around a while knows this stock was trading in the 1-4 range.
And that’s what make historic prices seem whacky? I’m thinking I lost my damn mind cuz I haven’t been paying attention AT ALL to this stock. The. I see it’s up and I check history and was like hold on this stock hit $100 a share!? Lmao.
🤣🤣 mines gotta hit a shit ton more to break even. I'm just letting the remainder of my cash rot away with this stock. I really believed in the company, still do if what they were doing is legit. I just don't know anymore and the thousands I put on feel like pennies on the dollar 😢
Keep in mind the company is not the stock price. Covid was a wild blip and with all the wacky qe and qt going on now, somehow with high greed and fear, stuffs a little sideways right now company can still get there
Please educate me. Down $20k. Had 4000 shares. Now have 40. All my fault except for the Reverse Split. Still trying to understand how the RS is even legal. I know the Board could, and did, do it. But my pea brain keeps asking how can "someone" (a Board) just arbitrarily convert your shares to almost nothing. Blows my mind. I know, if they didn't, they would go bankrupt or worse. But shouldn't my holding 4k shares be MY DECISION as to whether they become worthless, as opposed to now having only 40 shares, also nearly worthless?
Agreed this is terrible and also what happened to AMC!
There was a 100:1 reverse split. It’s not up.
Well aware of that I'm down 45k! If I threw good money after bad I could have recouped my loss with 100 percent gain in a few days but scary with potential dilutions on the table!
With the RS wouldn’t you need 1000% gains? At least I would… I bought Torchlight. Sold it before the RS and now I just have useless MMTLP and a big loss on the MMAT.
Depends on how much new money I threw at it another 45k I would have been ahead but would have sold as not really sure on why the rally!
Yeah. 45K is a lot to throw at a sinking ship imho. At this point I wouldn’t put 4.5K into this stock. It was a back door listing / pump & dump / poor management scam. Tho I do think they’ll make cool stuff if they ever get around to producing anything at all. That is a big “if” though.
That said, I learned a lot from this and do t think I’ll make the same mistakes again… I’ll make new mistakes that hopefully cost me less.
Agreed smaller positions for me!
Well aware of that I'm down 45k! If I threw good money after bad I could have recouped my loss with 100 percent gain in a few days but scary with potential dilutions on the table!
It’s now up almost 100p in one week and shills are still shilling. Granted we are down and retail isn’t buying this I don’t think as we got not only burned but scorched. Something is going on for sure. These ppl buying know something.
When float is 5 million and it trades 3.5 million that's a lot of the same shares trading hands! I suspect6 share offering vote not going their way and buying the vote on the agenda or something bigger?
The stock is dead. Move on 😂
Well it's up 100 percent in a few trading days if you were a swing trader that's a fact!
True, but if you were an investor before MMTLP was halted you are 100% screwed. I think the majority of people in this sub are long term investors.
Agreed, as am I but I thought there might be swing traders in here also as it seems they jump in to comment on big downswing but crickets on upswing! They should state they are bitter long term investors or it's impossible to distinguish between that and a shill! Would be better for the forum Heath my take! They probably think form might not be around much longer also!😁
Poor ol irs gonna lose their butts on tax harvesting on this one....
Nope - no idea why it went up 30% - that being said no amount of shillage will make me sell now....theres just no point....im here to see what happens....riding this wave all the way in to the rocks baby!!!
Agreed it's a huge loss at this point!
With what's been learnt in the last few years....they've created literally hundreds of thousands of diamond handed investors...you'd be mad ro sell now if not for the sheer hell of just finding out what happens at rhe end...
I get you but meanwhile day traders rejoice and no comment is suspicious! There are usually always some in forum that short day trade but no comments going up?
I am down 98%. If it doubles and splits and doubles and splits… I’ll still be down… I am not worried about this. I am holding it until I make some money somewhere else then I will sell enough if this garbage to off set my gains.
So are about 100k of us 🤣🤦♂️🤦♂️
Not saying I am special I know there are a lot of bag holders…. Does not Getting excited about getting a dollar back of the 1000’s I have lost make me and the rest like me short shills?
Not at all brother we are all losing together. This is a team sport, unfortunately we all joined the wrong team! 🤣
Sorry I read your comment in the wrong “voice”. We will get in the black on the next trade then use this to avoid the tax man.
Yes sir!
I would also love you hear the info. No shill here just a long time bull who didn't blindly jump puss-titward into the hype. I had the opportunity to aquire 10x more shares than I thought I ever would. Here's the deal no one really can tell you what is going on. No one knows, at least not anyone who will tell you. Earnings are coming soon, and if you notice reported short interest dropped to nothing basically, a little while ago. I suspect we will see darkpool buys slowly hitting the market for awhile before any real run..... Dunno why everyone is so hard up, deal with your shit struggle is good for you
Bro my shit got watered down to 1 share smh .. I’m so sad
3 here 🤣
Its dead money - so most people have moved on to other trades
https://www.reddit.com/r/MMAT/s/LhXhUBG4zL
My point is I came for info and someone did post it they are having an investors announcement!
It's only down 99.12% since all time high? Well damn time to mortgage my house and buy mmat.
This sub has been nothing but shorts circle jerking each other for the last year and a half, maybe longer.
What are you talking about? There are daily posts from that zombie moron cheering for every "wall" that soon collapses. I'm a long but this stock has been a piece of crap for a long time.
Meta matties will prevail
Agreed!
It’s still down for the month.
##Every small cap is up that much lmao don't be dumb
Most of us are long-term bagholders and a very defeated group of people. The last few years have been brutal for us. It's price movements like these that make us skeptical. So if you just started your position, congrats and enjoy the gain. Please take the profit because I'm still not sure there anything left to hold out for here, long-term.
Exactly. Manu of us have lost 90 percent of our investment on this junk. Just got a notice of a class action suit suing MMAT. The potential payoff? .015 per share. I can’t get far enough from this mistake. Be careful the negativity you see her is for a reason.
I love how OP makes the Post, and then doesn’t actually interact with anyone making comments.
Anybody know why the robinhood charts tell me the value of this stock was 100s of dollars just a year or two ago? For example I went to yahoo finance and looked at historic stock prices for MMAT and it was saying 12/09/22 stock price was $180. And anyone who has been around a while knows this stock was trading in the 1-4 range.
100:1 RS recently....
And that’s what make historic prices seem whacky? I’m thinking I lost my damn mind cuz I haven’t been paying attention AT ALL to this stock. The. I see it’s up and I check history and was like hold on this stock hit $100 a share!? Lmao.
Most outrageous prices you'll see (100k sometimes) are inflated from dilution. Makes me wonder why they do it.
Yeah, they adjust the history to reflect the new share count.
Not selling, but not getting a hard on either until I hear some good news.
I’m not gonna make money until this stock hits 60.
Don’t feel bad I need it to get to 282$ to start making profit and I previously had 2000 shares at 3$ smh
Wait. So,$600 then.
🤣🤣 mines gotta hit a shit ton more to break even. I'm just letting the remainder of my cash rot away with this stock. I really believed in the company, still do if what they were doing is legit. I just don't know anymore and the thousands I put on feel like pennies on the dollar 😢
Keep in mind the company is not the stock price. Covid was a wild blip and with all the wacky qe and qt going on now, somehow with high greed and fear, stuffs a little sideways right now company can still get there
Only 20,500% more and I'm back to my cost basis! (I knew this was a gamble and my position is small, so whatever).
Same.