Bullboard - Stock Discussion Forum Metamaterial Inc C.MMAX

Metals & Mining Industrial Metals & Minerals

Metamaterial Inc. is an advanced materials and nanotechnology company. The Company develops new products and technologies using sustainable science. Its META technology platforms enable global brands to develop new products to improve performance for customers in aerospace and defense, consumer electronics, 5G communications, batteries, authentication, automotive and clean energy. The Company’s... see more

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Metamaterial Inc > Not quite sure I understand what happened

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Post by jenkinjt on Jun 01, 2021 7:41pm

Not quite sure I understand what happened

So MMAT sold 25,000,000 shares at .60 c to raise about $12M, diluting from 75M shares to 100M shares, and wiped out $12,000,000 in debt, and went up .50c today.. impressive, though why??!! Not clearly a gain for investors in the company......

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Comment by hfx1proud111ns1 on Jun 02, 2021 12:11pm

I'm with you, they maybe able to pull this once as it gets rid of debt but too often and they'll kill the goose. The other reason it's going up is word is leaking out and the big boys are sniffing around. These guys have an awesem selection of product. I just went to metameterial stock robinhood and they had the best breakdown of all the potential products with a potential $$$ number ...more

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Metamaterial Inc