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Friday, September 03, 2021 9:43:03 AM
I'm still holding my position (purchased at 14 cents) and looking for a break over that $5 level. High risk because the company valuation will be quite high following what I hope will be a reasonably standard post-RM share structure (hopefully legacy shareholders will retain a percentage somewhere around 3% or better).
Two of the more recent blockchain-related shells/RMs (ARA* and APL*) saw their legacy share positions reach valuations over $100M. With MTRT's legacy position most likely under 7.7M shares, a similar type of valuation would equate to a MTRT share price over $10. So I feel reasonably good that MTRT can break that $5 level at some point (assuming the post-RM structure is fairly good).
One of the advantages that MTRT might have over those other two stocks is the potential newsflow that exists because of everything that Medium is involved with. Although it has not got much attention yet from MTRT investors, Medium's startup augmented reality subsidiary (MergeRity) looks quite interesting. That subsidiary alone could probably generate some interesting press releases. It appears that beta testing was scheduled to start a month or two ago.
https://mergerity.com/
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