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Short sellers are scrambling this morning.
So what's the deal with this company. Analyst expecting .32 EPS and they come in at .45 and the stock tanks.
What is up with these guys. The whole world is jumping on the renewable energy bandwagon and these guys seem like they are stuck with some Little Balkan hydro project. These guys have millions to invest and just sitting back doing nothing. I just don't get it. With their backing they could be major players in US and European markets.
1.2 billion share and they can't get a person to buy one share at $.001? What a POS.
If this app replaced another existing app, then how do they say it's the first?
I think your share structure is a little out of date. They had $1.2 billion OS on the 29th. Of course, they print new shares so quick it's hard to keep up.
Metatron
Authorized-1,995,000,000
Issued and outstanding- 1,213,288,070
Restricted-540,007,504
Printing press must have broke today.
From a previous posting
$MRNJ Current SS a/o June 02, 2016, T/A is ungagged
Authorized: 1,995,000,000
Restricted: 540,007,504
Total Outstanding: 915,288,070
I would say they have about another 1.1 billion shares unless they no bid this thing and then they will jus R/S.
I guess they thought everyone would be more excited over registering a $10 domain name. VNDM siting on the ask again with a whole new stack of shares to sell.
The funny thing is if they had let this run up a week ago they probably could have dumped 1/2 the number of shares for the same total dollar. These guys just don't give a crap about anyone but dumping shares. POS management
Some scary ( at least to me) MMs playing here. I guess we will see if they disappear before long.
So from 4/28 until 5/2 they issued another 23 million shares. The new IR firm isn't wasting any time cashing in.
From the TA on 4/28
Authorized- 1,995,000,000
Issued and outstanding-749,068,570
Restricted-540,007,504
That's a good one. I've got some ocean front property in Arizona for sale cheap.
For now there is 250 million and that is a good thing. But these guys have a history of awarding themselves millions and millions of shares and that float number will just increase as they dilute. Probably can time the future dilution with future press releases.
200 million new shares, 1.3 billion waiting in reserve. The only people making money on this POS is the two owners that award themselves shares. Of, course now you have the new investor relations getting a cut as well.
From the TA yesterday.
Metatron:
Authorized- 1,995,000,000
Issued and outstanding-749,068,570
Restricted-540,007,504
This thing won't run until they are done diluting the hell out of it...so everyone may be sitting here for a while.
Ameritrade must be horrible because I've had a sell order at 0006 since the market opened and somehow VMDN jumps ahead. What BS.
The comparison on Instagram apps that were bought was interesting, the thing they fail to compare is those were actual functioning apps unlike the almost ready, final testing, soon to be delivered, promises we get from MRNJ.
I'm guessing we go down into the low .002's now. Shame that management is driving this into the ground.
Too funny...I had a supermodel want to go out but couldn't come to terms. They can spout all kinds of potential deals that they had to turn down. Let's see one in writing. Probably dump another million or two shares on that blog. Go Joey!
Maybe they meant no plans to extend the moratorium beyond then.
any news that you know of?
Now consider that 10 million , approx 20%, in each quarter was management dumping shares. Yep , the joe and Dennis "group" probably do control the stock price.
If it so great a sector and MRNJ is at the top then something is wrong. Amazon, Netxflix? Lmfao
Not sure what a real shareholder versus a fake one is??? Most stock holders I know buy a stock to either share in their dividends or capitalize off of price appreciation..neither of which this stock delivers. What I'm sure it doesn't mean is to fund the managements lifestyle blinldly. Anyone who seems to utter any sort of criticism on this board seems to be labeled as not being a real shareholder, a tree shaker, someone just trying to get more cheap shares. What horse crap.
Been invested here for a while but rarely post, but I have to say these guys are a joke. For a outfit that supposedly has all this building experience and major project development they are the at the bottom of the barrel as faras delivering. I work in the power indusrty and as far as delivering they are the worst . These guys have one three mw turbine and and wood pellet plant.. Wtf. Come onalready
We were finally bouncing off the 50 day MA as support instead of resistance and that was blown out of the water today. Down we go some more?????
Yes, I received those directly from the transfer agent with the share structure on those dates.
No, I haven't gone to IR. I have queried IR a couple of times over the past few years but generally either didn't get a response or received a "thank you for your interest but we are not really interested" type response. It has been a while so maybe I'll give it another try.
Stormking, I usually agree with most of what you say, but I have to disagree with some of your comments in your note below. This is my opinion only.
Good Morning!
So, we have a filing by the officers, thank you all for collectively bringing that to everyone's attention.
The company officers have done pretty much performed this registration every 3 months for calendar 2012 and 2013. In 2012, they did end up selling 5 mil shares apiece each quarter as verifiable in the earnings reports.
In 2013 first quarter, per the 10-K, they did NOT. I disagree here, the 10K only shows they didn't increase or decrease their shares during the quarter. But if they issue themselves 5 million shares and then sell them in the same quarter it doesn't show up. IMO, they are playing a shell game. Here are some TA reports I've captured myself during this year. See a pattern here with their sells? OS increasing about 14-15 Million shares a quarter. I figure they have two more quarters and then AS is maxed out.
1/18/2013
• AS# 600,000,000
• OS# 534,800,458
• Restricted# 92,431,691
5/16/2013
• AS# 600,000,000
• OS# 549,300,458
• Restricted# 86,931,767
7/17/2013
• AS# 600,000,000
• OS# 563,300,458
• Restricted # 100,931,691
Registering to sell and actually selling are two different things. Is it a wise and prudent business decision to get this registration in to the SEC? Yes. Why?
IMO, In the event they need the funds to capitalize on a business opportunity in the next 90 days...makes sense you want to have the permission to sell. I liken it to getting pre-qualified for a loan on a house when house hunting.
Now, anyone is welcome to predict thay they will indeed sell 10 mil shares sometime or over he next 90 days ... I don't know if they will or they won't, but I had some correspondence at least a year ago where IR said that if officers sell, they sell judiciously (i.e. not all at once).
Now, did they sell 10 mil shares the last time they registered, back in late April? We will find out with the next earnings report due out in 3 weeks or less.
If not, then you will have two straight quarters of evidence demonstrating that when they register, they did not necessarily sell the shares. But, IMO, they have the clearance to do so if necessary to strategically grow the business. Same comments as above. There may be no evidence in the 10K. From what I've observed, they only show shares being issued to the owners in the annual report and not in the quarterlies. And I really believe they are selling 10M a quarter and zero of it is for strategically growing the business - My opinion.
So, my view is registering to sell doesn't make it a reality or fact. It provides the permission to do so if warranted. So, either the company oficers sell shares to help further grow the company, which would benefit thje company and shareholders long-term, or they do not sell because there was no specific business necessity.
The Form 144 is filed with the Securities and Exchange Commission to reflect the intention of any holder of restricted stock to sell those shares. After the 144 is mailed to the S.E.C., the filer is permitted to sell the shares, or any fraction of them, within 90 days.
Hey, anyway, that is my take on things. I appreciate everyone's else's comment so far on it.
Couple of other items:
all4: If they blog today or not or whatever, I see no correlation between that and registering to sell shares. Historically, I have seen NO such a pattern in the blogs. Usually, it is when they have some business activities, performance, or other such items they wish to share.
cheche: I don't consider MRNJ management late on extending the moratorium as they usually wait until closer to the last extension to decide that (by my recollection). I will check previous timings to see if my memory server me correctly here.
Watch out!!! Shaking the tree trying to get your shares. HaHa
So now the group controls the MM's and the whole OTC system?
I agree, it doesn't make sense and maybe the market will pick up on it soon. Another factor complicating it is the number of outstanding shares continues to grow. See comparison between December 2010 and now.
____________________________________________________________________
Good Morning,
Here is the current share structure for (METATRON, INC.) as of today: 12-9-10
AS# 600,000,000
OS# 358,473,818
Restricted# 29,249,383
Here is the current share structure for METATRON INC., as of today 16 MAY 2013
AS# 600,000,000
OS# 549,300,458
Restricted# 86,931,767
Have a pleasant evening!
WOW, .0021 ,down 47% today.
Just trying to make a point that just because the quarterly report show Joe and Dennis each with 27M shares doesn't necessarily mean they aren't issueing themselves shares and then selling those.
The way I read it was there was 10 Million shares issued as bonuses in the 1st QTR. Since it still shows Joe and Dennis with 27Million shares owned, then who did they issue them to? Or are those the 10 Million that were registered to sell on January 17th? Don't know because we don't have enough information, but...
Unfortunately, 3.6 million of those were sold in two huge bid whacks at .003 and .0029 Maybe tomorrow will be better.
why do my posts keep getting deleted. My post was in my opinion of what I thought. Amazing how constant talk of a conspiracy of some group with zero proof gets allowed but mine get deleted. Everything on this board is considered IMO, but for some that doesn't seem to hold true. All in IMO.
Well, lets hope that those one a week funders come through or else the Group will take this to .0001 and loose all their money.
Probably that darn group exchanging shares with themselves.