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No Mike there is no light to shed. Only they know what's going on and they're not talking. I agree with your post but those problems have existed for quite a while. If they're not going to post a PR about a settlement then what are they going to post? Unless there wasn't a settlement and they have no good news at all.
That is really ugly action today. And early pop followed by a constant selling
well i agree with the possibilities here, so i keep shares just in case..kind of disappointing that before recent news would have brought in some volume and investors but now nothing..people see that there is never any follow thru so why become a bag holder..
yes CEO, but the problem is that it has been like that for many years! nothing ever changes, so you have the "opportunity cost" to consider.. how may other & better stocks to buy while this does nothing. jmo
Wow that's a boatload of shares! If we could get the bid and ask a little closer it might encourage trading. Do you know who sitting there at .0323 something ? It's funny that's my bid at two cents. Ha
well it might help if you start buying..
I don't understand why if they settled the Chrysler suit they don't put out a PR saying they settled it without providing details. Most patent companies do that. ?
Well even 18 mil @ 5% is 900k..MARA only sold 750k.. someone said one block was i believe 440k and the other was 140k i think..either way when the first blk hit the price bounced back to $1.95 or so and i think those blk buyers were selling into the stock right away..which dropped it very quickly..can't be proved of course but it happened right away..so MARA got their money and the buyers got theirs plus a quick profit. I just hope MARA settled the Fiat deal for a good price like $5-10 mil at least and will get a good deal from Toyota.. could boost the stock into the $2's..
patentminer, how do you figure they would have more than 5%..doesn't MARA have like 19 mil shares now?
Yanqui, that actually could be viewed as a positive since they're talking about eliminating frivolous lawsuits. I think people are just dumping the stock because They don't see any reason to hold it, and the five day chart looks horrible.
I suspect the people that bought those blocks at 1.70 turned right around & we're feeding it into the market all the way down
In for a few shares down here. Pretty amazing $2.10 to 1.60 in a few days. Just wondering if it might go all the way back to 1.40. Pretty sorry state of affairs.
Good points EMI, i expected news to follow as i posted but none came. So i am puzzled by the sudden volume, news may come but I sold the last of my shares today. I am too worried about what i am seeing and hearing in the news from Trump so I am going to sit out for a while and not have to worry. I may miss a big move here but it's just a choice I made. I just don't see anything that makes me want to risk a lot of money in the market right now. Best of luck to all and as MacArthur said " I shall return"! eventually.
Ed. i agree with your assessment as to the jump in MARA, thanks for that find. It could be a big change for patents. However, i cannot stomach the continued insanity coming from Trump and i feel he will do something really stupid soon, more stupid than he has been doing since being elected. I just am very worried. I have sold all my MARA and other stocks. I have made a lot of money with MARA and hope it does well for everyone, but the mkt risk for me is to high and am more comfortable in cash for now. good luck to all..
Thought there would be news behind 1.2 mil volume.
And this kind of move is why you keep stock here because these kind of days can happen! So there's news out there somewhere will see it soon but some knew it yesterday. I'll guess they settled with Toyota but it could be a lot of things
Well Mike
you can assume they know what to do but don't for a reason. They prob have nothing good to say. They have no revenue or deals to declare and are now in bed with Fortress, a big time loanshark, who exacts a heavy price from companies in trouble, plus they now sell shares to pay the bills and salaries. Not a pretty picture. I am surprised the stock and mkt stayed firm today. I again have lightened my exposure here and elsewhere since i have no confidence in Trump, his policies and his stability. His negative comments about the CIA,FBI, the media, the press, tariffs, the EU, Russia, China, etc., make me very nervous about the whole mkt in general, especially since the mkt has run so far for so long. All just imho.
I get the feeling investors are losing faith. With no news and no revenue I don't blame them. I feel the same way
Well, they are there dolphinsmike, just like always, but all that talk about shareholder value was just talk. They only PR if there is an actual event and so we can assume there is nothing happening and has not happened for a long time now. Not sure how 2 qtrs of no revenue is going to play but it can't be good. Maybe they can pull a rabbit out of the hat but doesn't seem likely. it seem like the merger time is approaching again as for now they are just burning cash and it is only coming from selling stock. So much for the empty talk about buying stock back. That was a dumb idea anyway, not sure why they said it other than a fake pump.
Well I never got my one more plunge down but glad to see this thing moving in the right direction. It sure feels like there's news out there somewhere.
Looking for 1 more plunge down for MARA, maybe .10-.30 cents. I wonder how long they can sell stock to pay bills and salaries with no income. A bag of coal for Xmas from MARA.
This stock has become a major embarrassment. It makes me start to wonder if it could go below a dollar And be delisted.
Still a lot of bid hitters in this stock, 11k share bidder early got taken out. not cheap enough to rally yet. 1.69 has stopped it twice going down, acting very poorly for a good mkt. wonder how it will react to a down mkt., prob not good..
If it is Millionairio, then we are finished..only fortress makes money in their deals..mara screwed up not doing a secondary when they were over $3, now at about half that it would be stupid. My faith in Mara is shrinking as fast as the stock price. I am at half my usual position and sorry I have that.
I watched the last 10 min of trading and almost all bid hitting at 1.76/1.77 with near 200k shares traded today..not sure why.. charts at weekly, monthly are ugly, without news this may go to 1.50-60s, jmo
Very surprised
that this went green today, so far. I fully expected a .10-.20 cent drop early. had my orders in to buy. it still could I guess but some support here at $2 looks like..
you maybe be right Yanqui, time will tell.. but it looks like people are already selling for some reason..the drop from 2.45 was very fast and with a lot of volume for this stock, also at a time the mkt is pretty good and other patent stocks are doing better. I would think the drop continues Monday and the 1.70's could be here quick, or lower. could be just a big holder getting out or some info out there we don't know about. yet.
yes, redbull. that's why I believe their view is that the best path is to get 3dnano up and running and generating cash flow to support their patent business before they run out of cash. the recent pr's are all about 3dnano. so in effect we will be a film company until they can find a way to generate consistent revenue from the patent business, which to date they have not been able to do. otherwise they will have to either sell stock, take on debt or sell assets. the recent 3 months with no revenue is terrible and may be the same for the next quarter. so it seems to be a race to get 3dnano producing revenue before their cash runs out. that may be what the market is seeing, but that's just a guess, but there is a lot of stock for sale even down here which suggest lower prices, unless they get a settlement or some good news..jmo
So, what do we have?
2 very ugly days of selling
poor 10q
lots of expenses, no income
transition from patent co., to window film company
stock move from 1.70's to 2.45. not supported by 10q
I suspect a stock offering of 5-10 mil shares at 1.50-1.75 to stay afloat. I think others saw the same thing and have been dumping stock for 2 days. jmho
agree Millionairio, also, why not just put the Pr out there and let the mkt decide if its material. What else do they have to talk about? nothing that I see. besides, some here thought it looked like good news. if we had lost all 3 items the stock would prob been hit hard, so we got 2 out of 3 favorable and its not important? BS.. like poker, you finally get some good cards and you fold because they are not a flush or fullhouse? play your cards, let the mkt decide. the mkt is not seeing anything "transformational" happening except the stock dropping from 3.40's to 2.20, now that is transformational.
well, no Pr about this news can only mean one thing: It's not important!! It looks important and seems important but sadly-no.
for a company that's makes it living suing people in court one might think a good result in a legal matter would be newsworthy, but since its not then it must not be important. Or maybe the bigshots here are just too busy to tell everyone what is going on, or maybe they just don't care. hard to figure, but not reassuring, as the stock drifts down with little interest in it.
Great find Flyers! thanks much for the info..May be a good idea for MARA to put out a PR before the stock bloodbath gets any worse..we need all the help we can get, $2.20s are here
Well going to take a lot more that that to get this stock going again..broken chart, many 100 share trades, light volume, no interest, no news..bleak outlook. could see a big plunge like we have seen before, silence from mgt..not good.
yes, maybe plural! hope the 30k dump was the last of a big seller overhanging the stock..i'm really pissed tho, I walked away for a few minutes when that hit and I missed it! I would have got some of that, dang..haha nice rebound on volume except of course the MOC order at the end..but very positive imo
yes, no interest even after a good drop..could be some buyers in mid 2.20s and below that I see some buyers at 2.12..need news or a bigger drop to find buyers who see value..
well no one wanted it at 2.40 now same at 2.30..looks like it wants to break 2.00 jeeze
Flyers, big fan of your comments! however, if they didn't buy when it was 1.40-1.90 why would they buy now? they don't buy because they don't want to. That would mean they don't see value in personally, which is kinda scary.. as for the buyback, they prob don't have any earnings this qtr so they are prob not in position to spend what little cash they have left to buy stock back. They need to make something happen and then tell us about it, otherwise we could go all the way back to 1.40's. they seem to be really smart people but they are not "stock" smart or else they just don't care about shareholders, jmo
yes Yanqui, not sure I get it either. Maybe it's something like Sears letting Ace hardware sell Craftsman tools..or maybe Safeway selling Starbucks products. Not really sure. but there must be money in it or they would not be talking about it.
yes Yanqui, all that China, FTC stuff is well and good but not of immediate impact. prob will see 2.30's or 2.20's on Monday. gotta wonder why someone would dump thousands of shares of this stock at 2.25 or so. maybe they smell a rat, starting to wonder myself about that 8-k. that would be about 4-5 mil shares at about 1.80
maybe Yanqui, lot of sellers at 2.45 and not much interest. not sure the 2.40's will hold..may take 2.20's-30's to generate buying..no news to help, no info, maybe they have nothing good to say..been dropping since july except for the spike which was sold quickly. not a pretty chart, trying to find a bottom, but where is it? $1,70? maybe