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Yep over 200K; had to sell into the trading volume. I still believe there is value here; how much? how long? who knows? and no reasonable answers to those questions made my decision to sell easier.
Yeah justnkz, it would have been too hard to sell a 1% position any other way; I was too overweight for sure. The fundamentals haven't changed just because the price went up. One bright spot is the split ratio will be lower if the price can hold.
GLTA
Sold all today on spike with no news; would have held on if there was some positive news to report. Sure is hard to take the loss but I've been punched around enough in this fight and like Roberto I am crying No Mas!, No Mas!
Any guesses on how many shares they will sell at $2.00-2.50? My guess is at least 10-12M to pay off debt and have operating capital.
Valid points justnkz. I voted against the 25% price discount.
Possibility of a short squeeze after the split with the share count so low. DRYS (a real cluster f...) soared a couple times as an example. Have to be ready and willing to pull the trigger fast in that scenario though.
Reverse split and selling shares afterwards is the only option to regain NASDAQ compliance as well as holding onto GE/Siemens patents. Just need to get it done already.
Wondering just how strong the relationships with GE and Siemens are at this point; MARA sure hasn't added anything of value to their patent portfolios up to this point and it has been close to a year.
I agree you are dead on as far as the ratio goes. Need higher price post split to raise cash. Don't see how to get the price up to 40 cents prior to the split w/o a big license/settlement agreement.
Sad to see what has happened over the course of the last year. Just glad my cost basis is low enough that there might be some light at the end of the tunnel; hoping it's not a locomotive. My optimism is slowly fading away.
Well received the ballot for the reverse split; meeting to be held on July 18th. The results won't be far off now; still in the dark as to the reverse ratio which really sucks. Uncertainty is par for the course with MARA I guess.
Probably will happen after the split. ; )
Wondering what everyone's thoughts are on two potential positive points; 3D Nano and Unified Patent Court in Europe.
CC mentioned interest from potential investors in 3D Nano. What form of investment; cash and an equity position in a new company? Something along the lines of reimbursement of Mara investment to date and a 40/60 or 30/70 split with a 50% spin-out of MARA's share to shareholders.
A UPC ruling in the company's favor would apply to all countries in the European Union as I understand it. This would be a game changer as far as litigation cost, time, injunctions, etc.
Just random musing as there isn't much else to hang a hat on or news to talk about.
...and the other outstanding warrants are pretty much worthless too.
yanqui, really haven't seen a concrete plan on financing either
Yup, hard to argue and can't add anything of value. Looks like they may be holding out hope for revenue; seeing split btw now and March,2018.
Yeah justnkz, a 1 for 10 seems to be the most probable in my mind. Puts us at $2.50 and 2.5M shares outstanding. I agree they will likely sell shares; guessing somewhere around 2 bucks and sell 7.5M netting approx. $14M-16M to fund operations for at least a year.
I pretty much resigned myself to the reality of a reverse split and capital raise when the price dropped below 50 cents. I'm fine with both as long as management shows better fiscal responsibility and gets the debt off the books. The company should rely on a cash reserve vice debt given the current patent environment.
Painful but the only option.
Exactly Highspeed that's why we need cash and soon. Same goes for Siemens; another one time payment and Siemens gets all the settlement proceeds up to a predetermined threshold if I remember right.
Feels like we are getting sucked into a big black hole with no escape.
Big question where is the cash going to come from to fulfill patent obligations?
Gotta believe the company assets would attract interest from the likes of RPX, ACTG, Hermes, etc.; but at what cost and is there enough time?
WE NEED NEWS, ANY KIND OF NEWS!!!!!!!!
Looks like the new norm with heavy volume and volatility. Happy for those making money from recent lows. Hope the up trend continues for the rest of us.
I feel the same as you, every move I make is followed by a move in the opposite direction. Example: placed a bid at .13 today and price goes up. Maybe I should place a low bid every day ;)
Well what do you know finally green numbers for a change. There is inherent value at these levels how much is yet to be determined.
I can't argue against your point, wish I could. Really have no idea what is going on besides the obvious price decline.
Questioning how strong are the relationships with GE/Siemens and what are their plans going forward? They must be in regular contact and have information about the status of negotiations. The main reason I invested here was because these relationships.
Begrudgingly sticking with it at this point.
Curious to see if Doug shows up for the B. Riley investor conference May 24; can't imagine how that will go or what he could say.
I was wondering how many here are planning to see this to it's conclusion one way or the other. $3M market cap unbelievable.
Yeah Jalase, brutal is the perfect adjective. Seemingly good news can't stop the slide; early trading showed there may be some pent up demand though.
Thanks for not taking offense. Prayer and hope are very powerful ideals.
Here,here Yangui in full agreement with your comments as I too am heavily invested. Bashing Doug and the poor performance to date isn't constructive and quite frankly very irritating.
Cheer's to all and better days ahead.
Justnkz is prayer a better investment strategy than hope. ;)
Hard to watch the daily red numbers, really disappointing.
With the market at all time highs could a big correction be on the horizon? IDK but my strategy is to invest in gold royalty companies; a select number of beaten down retail reits; a couple of turnaround situations such as MARA; and hold cash to invest when and if it comes.
This is no way investment advice trust in your own investment decisions not others.
Dynamic portfolio is certainly interesting and valuable (especially in the future) been in discussions for nearly a year and still no visible progress; at least from our point of view. Future growth in AI bodes well in this area.
Sure would be nice to have any information on who those discussions are with. I'm thinking Amazon and Samsung among others.
Hope we are starting to form a new base here @ $.30 and it's not the calm before the storm.
Yeah EMI just read the terms included a 70%Fortress/30%INVT split after payoff @ a 20% interest rate to boot; pretty bleak to say the least.
The two most important catalysts near term are the Signal court date in June and refinancing.
The biggest question on my mind will it be a refinancing or some sort of restructuring? A myriad of questions go along with the answer such as interest rate, dilution, % of revenue share, sale of patents, etc.
Hoping this wraps up in a timely fashion whatever the outcome; uncertainty is a market killer. MARA is definitely not negotiating from a position of strength.
I bought today @ $.30 to fill my position; the downside is certainly limited from here.
I like to focus on the positives so here goes:
Management finally aligned with shareholders
Spin out of 3D Nano not counting on this trickling to shareholders
Partnership with Hermes Patents
Erich still working hard for MARA and shareholders
Getting out of bed with Fortress
Talk about possible acquisitions
Refinancing discussions; hopefully includes a sizable working capital cushion
With that said many questions remain:
How onerous will the refinancing terms be?
How can they pay for any acquisitions, if they add value?
Why can't Doug at least tell us a specific number of potential licensees for each portfolio; I don't see how this would violate confidentiality agreements?
I'll leave it at that; many more to ask but too many to list
8K seems to imply settlement/settlements are near term (August); I bought a small block today based on this news and the ridiculous market cap.
Paying of the debt would go a long way toward instilling more confidence on our investment.
Waiting for Monday to make a decision on whether to increase my position further.
Sure would be nice to see an up day for a change!!!
More like a street fight; no ref to stop the pummeling.
Uninspiring volume today and probably tomorrow too, oh well. Monday some of our questions should be answered; maybe not to our liking but answered none the less.
GLTA and still see the glass have full. Forever an optimist; hate the alternative.
$8M market cap both amazing and depressing at the same time. I want to buy more at this low price but can't pull the trigger. Will wait to see how Monday goes: any reverse split news; how much cash do they have; etc. could definitely go lower.
Caution justnkz, I thought the same thing a few days ago; we shall see.
The only thing we can be certain of is the price can't drop below zero.
The recent settlement with licensing agreements are a glimmer of hope for recurring revenue. Believe MARA has only had one licensing agreement since becoming a public company.
Thanks to all who have posted updates on recent news events. Helps us all to be well informed.
Might not be as bad as it sounds. there are many excellent stocks in the grey market board.
Confessions of a MARA addict. I have drank and main-lined the MARA Kool-aid. Bought more on the recent price declines by consolidating all my speculative investments into one big bet.
I share every ones frustration on dilution and possible delisting concerns but believe MARA has the best risk/reward potential. That said it is just potential right now.
I not about to vilify the CEO as a business is dynamic and constantly changing day to day, month to month, year to year; sometimes these changes are out of one's control.
I think we can all agree the biggest challenge he has is a cash crunch to achieve the company's vision for the future. Patent portfolios,trademarks and other revenue generating opportunities all cost money. CASH IS KING and is in short supply for our company hence the selling of shares. Like it or not, it's reality.
I have a lot of skin in this name and am anxiously and precariously waiting to see how it all turns out.
Sorry no crystal ball and can't read tarot cards, tea leaves or bones so.........
Agreed, they never intended to take it to the production level. Best to get some cash; maybe a percentage of the company and/or a royalty on future sales.
Well the wild price swings seem to have subsided and volume is muted; definitely a show me stock from here. (Probably in the second half of the year)
Read thru the 10-K, not much new to see. Releasing all employees of 3D Nano on 3/15 was the only thing of interest. Maybe the sale of 3D Nano discussed in the CC is close to becoming a reality (was hoping for a spin-off, oh well)
In this for the long haul; hope to pay off the house if Marathon can deliver on projections. The assets are strong and diverse IMHO with discussions on license agreements progressing per CC.
Keep the faith and rely on your own research to sleep well at night.
GLTA
I'll take a bite just bought 10000 more at $.88. Glad my post market order yesterday @ $.97 didn't fully fill.
Nice find Porsha; first of many hopefully.