Metatron Inc (MRNJ)

[ironman09]

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.