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Re: Buckey post# 4658

Wednesday, 01/24/2024 7:03:13 PM

Wednesday, January 24, 2024 7:03:13 PM

Post# of 4911
How odd. I wonder why they haven't posted it at their website:

https://investors.metamaterial.com/news

The Reverse Stock Split will reduce the number of outstanding shares of common stock from approximately 564 million to approximately 5.64 million shares and also proportionately reduce the number of authorized shares of common stock from 1 billion to 10 million shares.

That is gonna be a problem. They'll have to raise the authorized and issue more stock.
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