Metatron Inc (MRNJ)

[Bull2Bear99]

Its called "death spiral" for a reason!

Perhaps shareholders should look into "death spiral"

http://en.wikipedia.org/wiki/Death_spiral_financing
Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position. The debt holder continues to sell short and cover with converted stock which along with selling by other shareholders alarmed by the falling price continually weakens the share price making the shares unattractive to new investors and can severely limit the company’s ability to obtain new financing if the need arises.

If you're a gambler, I'd legally short the stock, but you might have a problem covering. If you are a long, long, I'd consider your money gone completely or get out now if you want something back. This stock is going down, down, down. I'd say GL2A and mean it, but luck doesn't have this stock going up imo. If you are planning on selling, I don't think this PPS is going to get much better.

Google "death spiral" and check out the definitions. Not having a fixed share selling price and allowing the stock to be sold at 75% below market are all warning signals. Some say, it's okay, the shares will be sold at the company's discretion. May I remind you that the outstanding shares have been maxed out and the shares there were distributed at the company's discretion?