$Meta Materials Inc.(MMAT)$ A lot of people asking what is going on. Long story but this is the short play. An s1 has been filed to take this stock private. This should be approved any day. Finra reports about 6.3 million short positions. Common sentiment from the ogs is that there is about 80 million short positions. Either way once the s1 is approved, short positions have to be closed out, every one of them, as the ticker is going away. The unique part is that it will be a set date about two weeks from approval. Hence a short squeeze and the more retail holds and doesn't sell then the more violent the squeeze will be. If it is truly 80 million short positions $100+ is highly likely. 6.3 million should easily take it over $50. Either way a squeeze is eminent barring any funny business as we've seen before.
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