Nasdaq gave them the second 180 day grace period thru March 18, 2024. They will likely need to do an RS before then to maintain compliance.
when is this going to be removed from the nasdaq? or, when is the r/s?
If it makes you feel better, I can tell you stocks get them down on lmao
See them big green candles coming in, that’s me WOOHOOOOOO WOOHOOOOOO
$ )-“ BAHAHAHA BAHAHAHA BAWITDABA
LMFAOOOOOOOOOOOOOOOO. Sure ya did!!! Odd that is always the case. BWAHAHAHAHAHAHAHAHAHA. GTFOH
I bought under $.20 and sold for over $.26 Just started buying again
Re: weedtrader420 post# 4329
Thursday, August 17, 2023 12:02:23 PM
What? Wells notices have nothing to do with trading. Keep an eye out for possible SEC litigation against the company, Brda, and Palikaras.
A "Wells Notice" is a letter sent by a securities regulator to a prospective respondent, notifying him of the substance of charges that the regulator intends to bring against the respondent, and affording the respondent with the opportunity to submit a written statement to the ultimate decision maker.
There is no legal requirement for a regulator to provide a Wells Notice, however it is the practice of the SEC and the NASD to provide such notice. Procedurally, the SEC and NASD Staff (the people you are dealing with during the investigation) do not have the authority to commence proceedings. They need to obtain approval to commence proceedings. The approval process is handled without any input from the prospective defendant.
Really? Tell me what part of that "crap" isn't true.
MMAT$ You should go to another board with all that crap that you post here MMAT$ $1 TARGET PRICE
Wells Notices for Meta Materials Execs
Not quite. The company hadn't expressed any opinion about the tradability of MMTLP, but it apparently didn't expect it to trade. Since the company and its former CEO, John Brda of Torchlight, and its current CEO, George Palikaras, have been under investigation since September 2021, and recently received Wells Notices, I wouldn't want simply to assume they didn't mean for it to trade.
Next Bridge, the spinoff created out of those MMTLP shares, WAS not intended to trade, and it does not. It does, however, voluntarily report to the SEC.
God knows why.
yes its messy and I sort of got that part. so essentially a stock started trading that wasnt even supposed to be tradeable?
It wasn't even MMAT that was supposed to be shorted, for the most part. It was its Series A preferred stock, which FINRA assigned the ticker MMTLP. That preferred stock--as management explained well in advance--was issued as a placeholder for the Next Bridge non-tradable stock that was eventually issued. At that time--as, once again, management explained well in advance--the MMTLP stock was cancelled, and replaced by Next Bridge stock.
The story is complicated--very complicated--but there was never any significant shorting. But many are obsessed by the idea that there was. But then many doesn't even seem to understand that the MMTLP stock was CANCELLED BY THE COMPANY, and no longer exists.
naked shorts as we both know is a huge RED FLAG and almost always it was insiders diluting and selling or just plain and simple price moving to reflect its value.
and NO BROKER allows shorting of penny stocks due to the risk involved. to short MMAT you would need at least 10x coverage
MY NAME IS KID MMAT$$$$$$$ BAWITDABA $1 Target Price
BAHAHAHA BAHAHAHA ty for the lol MMAT$ TO THE MOON WOOHOOOOOO
Ignorant delusional child responses. Sounds about right.......
Have a good one....later.
B.I.G.MMAT$ Notorious Thugs
No,BAHAHAHA I only know how to make money
BWAHAHAHAHAHAHA...300 mill loss.
You have no idea what you are doing/how to read n interpret Financials do you?
How was earnings?
Those were some impressive Financials....LMFAOOOOOOOOOOO