Metatron Inc (MRNJ)

[yadotn]

MRNJ>>>06/23/2023>>>SEC>>>Offering Circular>>>substantial doubt

MRNJ
OTCMarkets
SEC Filings
Form Type
1-A/A
Received
June 23, 2023
"Our Board of Directors used its business judgment in setting a price of $0.0014 per Unit to the Company as consideration for the Units to be issued under the Offering. The sales price per share bears no relationship to our book value or any other measure of our current value or worth."

“If we sell all of the Units being offered after the exercise of all warrants, our net proceeds (after our estimated offering expenses) will be $13,400,000. We will use these net proceeds for working capital and other general corporate purposes.”

Page 16
"This is a fixed price offering, which means that the offering price for our shares is fixed. Therefore, the fixed offering price established for our shares may not be supported by the current value of our company or our assets at any particular time."

Page F-6
"The Company's financial statements have been presented on the basis that the Company is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As reflected in the accompanying financial statements, has had limited operating revenues, and has had no operating cash flows. During the three months ended March 31, 2023, the Company had a net loss of $14,824 and an accumulated deficit of $8,169,120 as of March 31, 2023."

"As a result, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern within one year of the date that the accompanying financial statements are issued. The ability of the Company to continue as a going concern is dependent upon the Company's ability to raise additional funds and implement its business plan, and to ultimately achieve sustainable operating revenues and profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern."
https://www.otcmarkets.com/stock/MRNJ/disclosure
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no relationship>>>$13,400,000>>>may not be supported>>>substantial doubt