Metanor Resources MEAOD

Worse Than I Thought - MTO a 3 cent stock

[JamesBlender]

This news is worse than I thought......

"Metanor announces that it will be offering by private placement through Secutor Capital Management Corp. and Marquest Capital Markets, a maximum of 66,666,667 units priced at $0.06 each, which consist of one common share and one half (1/2) of one common share purchase warrant having an exercise price of $0.075"

That means another 100,000,000 new shares.... but that assumes someone is stupid enough to pay 6 cents for a share in this latest round of fund raising......MTO will probably have to sweeten the deal..... They also have to pay back a million bucks now.... with what?

Nope... the only way out is a consolidation and all this will linger on for a while and as it does people will start to realize what a clusterKluck this is and will dump, too. Get ready.... MTO has just started it's big drop.....

I sold immediately on the news....good luck for those that decide to endure....
 

[eliho]

How do you know it's a 3 cent stock?? Is this where you want to buy?  why not 2 cents, or 4 or 5 cents? This is emotional selling right now.

[JamesBlender]

There is an argument for MTO being a 2 cent stock.... MTO is getting diluted 25% due to this latest round of financing. If you own stock right now you can get 4 cents for it. Take 25% off 4 cents and you get 3 cents. Add in a little enthusiasm and you get 2 cents...... Emotional or not.....that's what I see.....

[eliho]

Yes, IF 4 cents is the correct value. It may not be. The sharks are in the water. Time will tell.

[Matagami]

eliho: what do you mean by The sharks are in the water

[ahmed124]

the problem of all penny stocks is they keep diluting. That's why I usually stay patient with those stocks and think twice before i get in. Production increase but dilution increase with it so at the end your not making more money.