Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Who cares 0001 BID. 750M shorts to cover! Longs need only hold. Shorts will do all the work!
What's will the ASK be when 750M short positions are covered ....
***760M Short Interest remains!!!***
Smart Longs know what happened yesterday.
Shorts have been unable to cover in low liquidity conditions.
760M short positions remain outstanding and incurring interest. This short $$$ has been tied up FOR OVER 2 MONTHS and cannot be used for other positions. SHORTS SIMPLY WANT OUT! ... but they can't cover with no liquidity!
Little to no one was selling into the 0002 BID.
Yesterday shorts pulled the 0002 BID and dumped shares to entice selling ... trying to make it look like dilution. Check the quarterly report and OTC markets *** the SS has not changed!*** There is no dilution!
Shorts are trying to cover at 0002. Posting your shares for sale at 0002 would be selling right into the cover. Smart bulls are holding strong. Average down if you can or want to! Set your selling price at +0004.
Q3 FINS '22. No dilution. Assets remain.
Notes payable has come down Q over Q
Sept 2022
OS 9,512,564,189
Accrued Interest $168,933
Convertible Notes Payable $310,318
EIDL Loan $40,000
PPP Loan $18,433
Notes Payable $0 (down)
Shareholder Advances $7,350 (down)
June 2022
OS 9,512,564,189
Accrued Interest $159,015
Convertible Notes Payable $282,718
EIDL Loan $40,000
PPP Loan $18,433
Notes Payable $17,500
Shareholder Advances $17,000
Looks like shorts just pulled their 0002 cover orders. Bulls sell and you're helping them cover.
CEO continuing to make progress. No dilution.
PPS has been steadily trading 0003-0002 for over 1 month while the majority of the market has corrected downward.
10Q should be out any day. Im not expecting much because the SS hasn't changed except for the Restricted share addition late October.
Vague and meaningless. Price action is everything.
Wake up call. Price action has been slower than molasses. No one is getting bagged. Anyone can enter and exit whenever they want.
Convertible notes were reduced $525k Dec 2020 to $287K Dec 2021. Majority of notes were issued to Apollo Capital.
That is where the shares issued went.
16.5M shorts last 2 days. Shorts are still actively shorting at this level.
Riehl added $58K worth of RESTRICTED shares to buy an AI application. That is a good OS increase IMO and fundamentally why companies go public.
The shares added increased the Market Cap by $58k which is nothing IMO.
This is stock market 101 stuff.
Since Sept, the only shares added were restricted shares to confirm the AI acquisitions.
I can't speak prior to Sept and really don't care about that far in the past. I care about the CEO keeping his current promises.
Yes, little shorting now, but it was being shorted on average about 170M shorts per day when it was trading 0003-0006. The peak days were over 1.4B.
Some was obviously MMs completing orders, but retail was definitely heavily shorting it.
I understand both long and short sides and have done both, but shorts messed up with this stock IMO;
There were all of the catalysts in place for everyone long and short to make good money. The OTC needs runners and this no dilution play would have brought a lot of long and short liquidity back to the OTC.
Shorts got stubborn and greedy and now everyone lost. IMO short should back off this. The CEO is taking steps to improve his business. There are no current signs of fraud. A run up will provided long and short liquidity.
CEO has not been selling shares. SS is the same.
I have been monitoring Level 2 and there are no signs of selling. Very little if anything at all.
The daily average volume for the past three weeks has been under 20M. Impossible for the CEO to be selling "BILLION of shares"
MRNJ is 100% shorted. Companies sell shares for 2 reasons. To pay off debt or to raise capital.
MRNJ has only $282K conv debt which if fully converted @0001 represents 2.82B shares. There has been no indication from the CEO that he intends on converting this debt. There has been no indication of the CEO selling commons on Level 2.
I'm seeing primarily retail selling or shorting.
yes not necessary with current debt load.
A debt load increase would have to be separately evaluated (i.e. debt for an investment = value of investment less value of debt added).
Good to see little selling. Looks like most MM shorts have also backed off for now.
Shorts are hurting stockholders, preventing movement in low volume.
The SS has not changed. No dilution.
The chance of a RS is next to NIL in 2022. Here's why
1. CEO would have to lie (he has only kept promises so far). Lying would expose himself to legal action. His debt holders would not like this.
2. He would have to resubmit the appeal to FINRA and get their approval. This will take months.
3. If FINRA changes their opinion and approved the RS, after declining the request 2x already, the CEO would have to notify shareholders.
4. The remaining convertible debt is only $285k. Even if fully converted at 0001, the OS would only be 12.8B. The AS is 15B. There is no need to RS based on the current debt load.
"FINRA's denial ... a reverse stock split" right on Page 1.
https://www.sec.gov/litigation/apdocuments/3-18567-event-10.pdf
Anyone selling is selling right into the shorts cover.
The talk about RS is nonsense.
The open 2014 filing (8 years old) is a rejection by the SEC (which means a RS cannot happen).
The CEO publicly stated that there will be no RS and appears to be choosing the path of growing the business. There is little convertible debt $282k which means little pressure on the AS.
Shorts are trying to do everything to create selling pressure, including making up crazy theories.
Yes MRNJ showing strength holding 0002s. CEO continues progress.
New tweet out :)
$MRNJ Team making nice progress on development of the Hydration App for $INKW. Very excited for what our client has planned for this app and other upcoming projects.
— MetatronAI.com $MRNJ (@MetatronInc) November 3, 2022
Watch short pressure squeeze WLAN. MRNJ has been holding a +700M short position for weeks. This pressure is real. Spread the word!
Reality check. People have been bashing the CEO calling him a scammer, a diluter and a liar.
The only people that scammed and lied, or cost people money were shorts. The CEO kept his word and did not dilute and delivered PR after PR throughout Sept-Oct.
Shorts are the scum. They did everything possible to hold this stock back. If you lost money, or didn't make money, it's because of the shorts, not the CEO.
Now there are hundreds of millions of short positions that are not covered which they cannot cover under low volume.
7,5 is irrelevant. Just shorts trying to scare longs to sell. They need to cover hundreds of millions of shorts and there is no volume to cover.
Still bullish. Large short Interest-No volume.
Shorts were hoping they would turn dilution back on. No dilution will force shorts to cover the nearly 1 Billion open positions.
Sell vs. buys. LOLO. on 16M volume.
Good luck covering the 1 Billion open short positions.
IMO I will be happy holding 0002s for another week. Shorts will tire eventually (or run out of money) and bring the volume this ticker needs.
L2 is painted with panicked shorts. They are making every effort to keep the price at 0002.
The near 1Billion open short positions are starting to tax them.
Longs need to hold strong! PAYience. Our time is coming!
Agree 100%. Near 1B open shorts that will need to be covered.
Don't sell down. Make them cover up.
Shorts have been steadily bashing and hitting the bid at market close over the past 8 weeks. They can't drop the price further.
Interest charges and margin pressure will force them to cover.
Lololo everyone lying except pantherj.
The Fintel report is lying
https://fintel.io/ss/us/mrnj
The OTC Short report is lying
https://otcshortreport.com/company/MRNJ
L2 and Time-Sales data is lying
Right?!? panthej time for you to stop lying and insulting people on this board. It's okay to share an opinion. It's not okay to insult others that know as much, or more than you.
Shorts stacking ASK leading to Month End. Longs be smart!
770M open short positions are still on the table. It is impossible for them to cover in low volume.
OTC will catch on to the no dilution here.
Many tickers have been run and they are all diluting - XCPL DVLP TONR BOMO. GEGI's announcement today is disappointing IMO. They built a better toaster, but it's not better IMO and will take years before any material revenue appears. All the notes will have to convert at some point.
The MRNJ CEO kept to his word and the only thing hold this stock back is low volume and stubborn shorts.
Longs need to hold at this point. Shorts were anticipating an end of Oct sell off at the close of the moratorium.
There will be pressure to cover open short positions if there isn't a sell off.
LOLOLO on that whopping 14M volume hahaha
Always nice to see that 3:45 0002 dump into the 1B BID ....
What is not true? Your comment yesterday PM, or the Level2 data. I quoted directly from the exchange.
This morning has seen 1.405M 0003s bought vs. 0.05M 0002.
it will take 4.5 yrs to sell through 1.2B 0002 BID at this rate.