$Meta Materials Inc.(MMAT)$I feel like the reverse stock split is for the company to provide moreshares under the hood, or maybe cover losses, then now maybe the insiders are selling off or hedge funds, this is just a speculation, do not take it as an inside news or fact as I myself am clueless and just trying to understand why they are trying to drive the price down after merger just like when price went to $10 before and they brought it to $5. They also haven’t paid out dividends which were claimed to be paid by torchlight last week Friday, maybe this sellout is our dividend that’s coming to us ?♂️
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments