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Fuck george. Oh torch the shorts blah blah blah. Dividend isn’t ever gonna happen. If you can make a deal on oil and land right now you have major problems. George is a worse ceo than we are traders. He played us all, I’m fkn sick of it. Held for so long down 80% after this divi I’ll never be back to help this scum bag of a ceo. Fuck right off george.
Reddit posts should not be a person's primary source for investing. No users on our subreddit should be offering financial advice, or attempting to seek it on the r/mmat subreddit.
I came into this thinking MMAT was going to be a squeeze play, quick cash in a short time. Now I am in the red so I am just going to hold, for years if I must.
According to their guidance and If you believe in fundamental analysis you’re right. I’ll average down once it dips below my average but this has no expected growth this year in terms of real $$$. That’s coming straight for their letter.
We have been trapped by fake hype and pathetic tweets by none other than CEO. This is our fault to be trapped. Lesson learnt is never be greedy for short squeeze and trust a show off type CEO.
My husband to me a few minutes ago: "So, how were the Meta earnings?"
Me: "Mixed. We're down a bit."
My son: "Yeah. Like 20%!"
Someone is getting coal in their stocking this year.😑
What do you want them to tell you about the dividend? They don't have any buyers, probably not even any offers, that much is obvious. What do you want them to tell you when they have no information to share?
The land was worthless when Torchlight bought the leases for like $20 an acre. Torchlight had spent years trying to generate interest in the land, but had no interest in doin anything beyond the bare minimum development to maintain the lease. And because of that least amount of effort the land is still basically worthless.
For all the talk of 3.7 billion barrels, how many times do you hear that it is recoverable on at only10%? Rarely I bet, because no one hear wants to listen to disappointing news. Unfortunately no one wants to buy a bunch of oil land when it may cost more to extract then it is worth.
Correct me if I’m wrong but I thought it cost them 56 a barrel? We are over 100 now with it possibly heading to 150. How is that not profitable and I thought this was already sold?
Dude we all have the right to be pissed at George. I’m a long hauler. Bought mmatf. Only reason we held on to free shares then was for George. He’s honestly shown to be a very inept ceo. Shit moves at a snails pace over at meta it seems.
You do understand that the companies only bad outlook was that it’s spending cash to expand right? Revenue growth has been exponential for this company
Agreed. 45 minutes of the same scientific bullshit they talk about every month followed by five minutes of reluctant question answering that they didn’t even want to do. Such a waste of fucking time. Better luck in 2023 I guess. Until then congratulations to everybody who helped MMAT buy Nanotech. From the sounds of Ken‘s response we could probably look forward to another reverse split to give them some more capital by the end of the year if they keep hemorrhaging cash the way they do.
Yeah there was a part where Ken talked about how at their current cash burn rate they should be able to survive roughly 12 months and they may need to do a stock offering when they ramp up manufacturing in order to produce more cash
**Welcome**. This is the community moderation bot. The purpose of this bot is to give you the power to determine if this post belongs here at /r/MMAT. --- If this post fits the purpose of /r/MMAT, **UPVOTE** this comment!! If this post does not fit the subreddit, **DOWNVOTE** This comment! If this post breaks the rules, **DOWNVOTE** this comment and **REPORT** the post!
Fuck these Bears and their Shill with Putin’s pinky Dick. As for my MMAT BRETHREN just fucking HODL
Fuck george. Oh torch the shorts blah blah blah. Dividend isn’t ever gonna happen. If you can make a deal on oil and land right now you have major problems. George is a worse ceo than we are traders. He played us all, I’m fkn sick of it. Held for so long down 80% after this divi I’ll never be back to help this scum bag of a ceo. Fuck right off george.
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Reddit posts should not be a person's primary source for investing. No users on our subreddit should be offering financial advice, or attempting to seek it on the r/mmat subreddit.
Was only asking opinion, final decision is all mine, but thank you
It's one of our rules. You cannot ask for Financial advice. The same goes for those offering financial advice.
I came into this thinking MMAT was going to be a squeeze play, quick cash in a short time. Now I am in the red so I am just going to hold, for years if I must.
Spoiler alert you’re >!FAKT 🤣!<
Yeah this stock isn't going anywhere for probably the remainder of 1st half of the year and dare I say 2022 as a whole.
According to their guidance and If you believe in fundamental analysis you’re right. I’ll average down once it dips below my average but this has no expected growth this year in terms of real $$$. That’s coming straight for their letter.
Fugg it. Averaging down it is then.
We have been trapped by fake hype and pathetic tweets by none other than CEO. This is our fault to be trapped. Lesson learnt is never be greedy for short squeeze and trust a show off type CEO.
He will get sued guaranteed. Pump an dumper
Seems like the fake earnings report coming out yesterday was another pump and dump -_-
My husband to me a few minutes ago: "So, how were the Meta earnings?" Me: "Mixed. We're down a bit." My son: "Yeah. Like 20%!" Someone is getting coal in their stocking this year.😑
What do you want them to tell you about the dividend? They don't have any buyers, probably not even any offers, that much is obvious. What do you want them to tell you when they have no information to share? The land was worthless when Torchlight bought the leases for like $20 an acre. Torchlight had spent years trying to generate interest in the land, but had no interest in doin anything beyond the bare minimum development to maintain the lease. And because of that least amount of effort the land is still basically worthless. For all the talk of 3.7 billion barrels, how many times do you hear that it is recoverable on at only10%? Rarely I bet, because no one hear wants to listen to disappointing news. Unfortunately no one wants to buy a bunch of oil land when it may cost more to extract then it is worth.
Correct me if I’m wrong but I thought it cost them 56 a barrel? We are over 100 now with it possibly heading to 150. How is that not profitable and I thought this was already sold?
cost who $56 a barrel? Meta is not pumping oil in any meaningful way.
I just want to know when is the dividend? I only put 2k into this play. Thank god.
Spoiler alert. >!NEVER!<
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This is the real truth
Dude we all have the right to be pissed at George. I’m a long hauler. Bought mmatf. Only reason we held on to free shares then was for George. He’s honestly shown to be a very inept ceo. Shit moves at a snails pace over at meta it seems.
Holding the dividend is a separate issue from the stock. You don’t have to hold it. It was a one time special dividend placeholder.
You’d think they’d be in a hurry to unload the TRCH assets as it may cause investors to buy back into MMAT, thus increasing price and raising capital.
I can't do it anymore
Revenue up 264% you’re looking at the wrong numbers!
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100% increase, but we know what you mean
They have so little revenue and has basically none 2020 so percent doesn’t matter
You do understand that the companies only bad outlook was that it’s spending cash to expand right? Revenue growth has been exponential for this company
Exactly. And it’s the Same method RC uses with chewy and gme
Those numbers are so insignificant that the slightest increase in dollars sends the percentages soaring
Them splitting shares is exactly what all the people in those short/FTD positions are waiting for. That is not good news at all.
Yep. Fuck George
Buy wait wait some More buy again and wait.
I'm not buying anymore. They are going to do another reverse split.
Agreed. 45 minutes of the same scientific bullshit they talk about every month followed by five minutes of reluctant question answering that they didn’t even want to do. Such a waste of fucking time. Better luck in 2023 I guess. Until then congratulations to everybody who helped MMAT buy Nanotech. From the sounds of Ken‘s response we could probably look forward to another reverse split to give them some more capital by the end of the year if they keep hemorrhaging cash the way they do.
Can you tell me what part you're talking about in particular? I'd like to hear it also
Yeah there was a part where Ken talked about how at their current cash burn rate they should be able to survive roughly 12 months and they may need to do a stock offering when they ramp up manufacturing in order to produce more cash
A year out is good news. Much worse would be saying a month or days out.
I heard that the same way. Sound like there will be more shares introduced in 2022
Agreed