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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!
Well Many catalysts on the way, crypto mining, fungable tokens and the prize as they put it is “ The Company is committed to strengthen its competitive position in the industry and to be a leading technology driven blockchain and metaverse company.”
On the conference call hopefully they deliver great news
According to data provided by FINVIZ, the current analyst consensus rating supposed at 2 on company shares (1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Looking ahead of 52-week period, the stock will achieve $3 price. This mean target price is expected by analysts.
the guy deleted yesterdays tweet about NO offering
https://twitter.com/ohheytommy/status/1458162497190391812
Would they do another public offering where big institutions are buying common shares and then RS?
Sort of like an IPO! Maybe they have an acquisition?
On December 22, 2020, the U.S. Securities and Exchange Commission announced that it will allow companies to raise capital through direct listings, paving the way for circumvention of the traditional initial public offering (IPO) process. In a direct listing, a company floats its shares on an exchange without hiring investment banks to underwrite the transaction as an initial public offering. In addition to saving on fees, companies that follow the direct listing process may avoid the usual IPO restrictions, including lockup periods that prevent insiders from selling their shares for a defined period of time.
Those are old shares, not the new ones. The new ones were placed at 0.60, and will be available in 2 days.
So the trading today is just normal buying and selling? There are big blocks going through like crazy
They already raised the money. It is written in the PR at 0.60 a share. It will be consummated legally on 11/12/21, in two days.
With the amount of shares going off they raised their money already it looks like
Didn’t know, this is the first time a traded a Nasdaq! Thanks
Yes if they don’t get the price up they just do a RS no skin off their back. Shareholders get screwed though, but who gives a F they live in China
Did you make sure you marked your trade ticket as AH's and not a regular ticket... A reg ticket wont get executed AH's or in PM... It should have gone through as it traded above .70 last night... Will prob stay around .60 until offering is done... couple days not to long...
WOW!! What a haircut, and most people didnt have a cup of coffee yet.
besides this $20M offering here is another concern still on the table
https://www.prnewswire.com/news-releases/meten-edtechx-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency-301334147.html
METX
Damn what good is pre and post market. I had a sell order for for .70, never triggered last night or the morning. Woke up and crash! So how long will it be in this range? All momentum lost! I thought nasdaq would be less manipulated than OTC lol
All Chinese companies always do this type funding ! Similar fami !! Sucks
I woke up fully expecting to see .80-1.00
atleast its .60 again
56 area seems to be an area of support
they could DUMP the Direct offering into the regular session
maybe it gets absorbed and pps holds
wth knows
this is funny>>>
https://news-stknews-com.translate.goog/news?s=all&n=10075919&_x_tr_sl=zh-CN&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=nui,sc
Agreed and same. Holding long here. Just hate the short term pain.
going to the moon they said , no offering they said
https://twitter.com/ohheytommy/status/1458162497190391812
$METX Meten Edtechx raises $20M in a registered direct offering
https://seekingalpha.com/news/3768474-syndicate-meten-edtechx-raises-20m-in-a-registered-direct-offering
How you say “trust me bro” in Chinese?
— Caillou Trades (Recovering FURU follower) (@CaillouTrades) November 9, 2021
I agree wholeheartedly. The last week and a half showed extreme positive movement. For whatever reason they dropped and upside down horseshoe on it. No reason for that. We should of been flirting with eighties today easy.
That didn't happen,now it's a different type of scenario.
I think the money raised will be used for infrastructure to get this going. We shall see. I'm in it until it matches M A R A
It should have been .80 plus. Weak ass news.
Weak hands will dump below .60
That's ok thou.
Buyers are waiting.
We close .635 today.
They know how to f… a run.
Meten Holding Group Prices $20 Million Registered Direct Offering of Ordinary Shares Priced At-the-Market Under Nasdaq Rules
Source: PR Newswire (US)
SHENZHEN, China, Nov. 10, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced it has entered into definitive agreements with investors for the purchase and sale pursuant to a registered direct offering of ordinary shares. The purchase price of the ordinary shares was $0.60 per share and was priced at-the-market under Nasdaq rules. The gross proceeds of the offering will be approximately $20 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes. The closing of the registered direct offering is expected to take place on or about November 12, 2021, subject to the satisfaction of customary closing conditions.
Aegis Capital Corp. is acting as the exclusive placement agent for the Offering.
Insane $pennypuppet... They are good at one thing, selling shares... Amazing since no real REv stream put in place...
Offerings by 2 $40mill 2 60mill now 20mill
Uggg
Atlas back on METX late yesterday... may run bit then they will sell
Be nice if they issued an update or news pre market
Well u know better than me lol I just trade on gut feeling lol
Pre market could tell the story of where we are headed tomorrow.
Pipe dream I know, but be nice if everyone could see the vision and at least raise their asks to a buck!
Well we both know that's impossible and will never happen..
Work together????
Unfortunately....won't happen
If everyone worked together we could have an awesome squeeze up
$METX 🔥
— Mike Investing (@MrMikeInvesting) November 10, 2021
There was 1 new institutional buyer today from the company named Proequities Inc
The amount they have purchased has not been announced yet but should soon
Proequity provides financial advisory, so this shows that they see potential in This company 🔑 pic.twitter.com/Ey89lWwo9U
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