MRMD Financing 8k: I've been a shareholder of MRMD since Nov 2017. I am very grateful to MRMD and their management for the growth in the company and the stock. These guys do things right.
I don't post on message boards often but after reading this one I wanted to share a few points with you regarding the recent 8k representing the financing done in mid May.
First off, I want to remind everyone this deal was done and agreed to in May when the share price was substantially lower. It was just announced recently via 8k. The company did the deal based on the share price at the time. No one could have anticipated this run up in share price.
Secondly, the shares sold in this financing are all restricted for 6 months just like any other OTC financing. Therefor no one from the financing is selling their shares right now. They cannot even be deposited in an account yet.
Third, I see talk of dilution. Yes, every growing company must dilute at some point. There are no shortage of toxic deals on the OTC. The deal that MRMD did is not toxic at all. It was a good deal and I believe they had the shareholders best interest in mind while making it. The deal represents 4.3% of the O/S which is tiny. So for the people saying constant dilution it's not true. Like any good growth stock its strategic dilution.
MRMD has a history of doing deals with strong accredited investors who are in it for the long haul. Not short sighted flippers. Personally I am grateful for that.
The recent drop in price IMO is a normal pullback exaggerated by misinformation regarding this recent 8k.
I hope all MRMD longs will take the time to review all the facts and do their DD before jumping to conclusions.
After a large run in the stock, a large correction is normal. Like I mentioned, certain events can exaggerate them. Take the time and do the research. I believe you will be impressed.
Best wishes and positive vibes to everyone in here. I hope you all make a fortune on MRMD.
