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It does unfortunately but if I can average down I will. Easy winner long term.
I might wait, looks like they want this at .40 or below
This has to be dilution, can’t all be short selling. Every time it tries to make a move it just gets swatted down.
This wouldn't be the people that bought. This would be the people that were selling.
That would be the company. More dilution for all.
In at .66 here. I am holding strong.
It is relentless. Hope it lets up soon.
You think that those that bought the offering at 0.60 are dumping??? LOL!!!
Somebody is shorting,......
I'm convinced shares are still being dumped from the offering.
Lots of buys but the selling is relentless
She is trying to break this downtrend.
This is under a huge short attack, May hit .40 and below, not sure if the conference call on earnings can save it. Shorts smell blood
Last few have totally sucked. Ever since the 20 million diluted.
Sounds like a pipe dream but works for me :o)
Metaeverse, nfts's , Bitcoin,Blockchain
Wave of the future and the future is here.
According to PR from 11/12 the 20 million offering is complete.
How do we know when the offering is done?
For now yes, just gotta hope they have lots in the pipeline before the end of the year
Pressure at .7?? How about mid .5’s
$1 is looking like a pipe dream. Lower and lower weekly closes
Do you understand what happens with dilution and reverse splits?
U would call 130 million into oblivion? Lol
If they would R/S that would be what many call rinse repeat. It's typically what happens when a company has diluted itself into oblivion.
Lots of flippers on Twitter. There will be tons of pressure to sell again around.70 ish
It could just smash through and head to a buck. Hopefully they don’t split us. How would that affect all these offerings?
It's been selective lately, I have sold many positions, but keeping anything Bitcoin related and everything under .002 for now, I got a bunch of bags that I hold but prob should take the losses b4 end of year to help offset my big gains this year, METX still looks great to me being it's holding above the 100 day MA
PS: Sundial grow popping now
How r ya man? Another brutal months and weeks for me man! Dammm pennies market killing me! Everytime I buy and hold....it goes south! When u think penny market turn around?
Peeps giving up gonna be sorry, price is at support.."Fortune Favors the Brave!"
That is freaking Big amount! That amount can buyout all metx shareholders...included u):
Yup. Common. In construction it might be called a change order
METX just did 2 offerings for $80M
1= $60M
2=$20M
another “public” offering is on deck, the 90 day public insurance is still in tact but will expire soon
they always seem to find a way to screw retail
They said no public offering, this was a private
Frequently Asked Questions about Registered Direct Offerings
https://media2.mofo.com/documents/faqsregistereddirect.pdf
This offering was smaller than I thought. They could of raised more if they wanted, especially with the volume this gets. I’m thinking this is at least a good sign that they’re done raising capital and can execute there business ventures now. Bullish
That typically happens in offerings
More buys than sells and we crashed!
Yep, 1.30 target still on here, then maybe even $5
Being new trading Nasdaq I’m not sure why the panic other than just manipulation by Twitter folks. There was dilution but the raised $80 million in the last few months. From what I understand they are building a whole new business in a hot sector. The Metaverse is going to be the next revolution and they say they want to be a player. Look at all the big institutions who own stock. Maybe I’m wrong but I like the plan. I Lost a lot overnight but in the next few weeks we may be breaking records
https://finance.yahoo.com/quote/METX/holders?p=METX
Price still closed above the 100 day MA today, look for a bounce tomorrow here imo
Holding here, Bitcoin going to 97K will pull this up along with it!
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