Metamaterial Inc C.MMAX

MMAT

[hugwill]

Bought 1200 shares of MMAT at $6.20 CDN, what will happen on Monday, I see something about reverse splits 3-1, 3.6-1, 2-1, can someone please explain. MMAT closed above $17 on Friday.

[Baratheon]

I think you'll get 1.845 x 1200 shares of the "new" MMAT traded on NASDAQ. Your Canadian listed stock will disappear. The price which each new MMAT will be worth in USD, is anyone's guess really - take MMATF closing price (USDS14) as a starting point, then when markets open, the market value will adjust almost immediately to what the market dictates each share is worth on Monday

[Countrin2tive]

There is a lot of talk on some of the other boards about a looming short squeeze And resulting share price spike. How this plays out on Monday through next week...well, open to More informed opinion than mine.. However as it stands right now, I am guessing the current NASDAQ SP would be ... (1 CSE MMAT X 3.690/2) X (2 X $4.95 US) = NASDAQ MMAT SP $18.27.  Maybe somebody could critique that

[Countrin2tive]

By the way, double click copy and paste. Sorry about that

[Baratheon]

There could be a short squeeze. Institutions could also sell en masse because of "buy on rumor sell on news" effect. Not so sure about retailers from old Canadian MMAT being able to sell on Monday - I'm expecting it to take 1-3 days for my new MMAT.Q to register/show up in my trading account. So I may not be able to take some money off the table if new MMAT.Q spikes up 

[Countrin2tive]

Yes, I am a little worried about the transition also. I hope you're wrong about 1 to 3 days. Personally I will be calling by investing platform very early on Monday if it hasn't been done.I don't think MMAT will start trading on the NASDAQ until about mid day anyways.