RELAX RELAX ๐๐๐
$Meta Materials(MMAT.US$ shorts has to cover! $METAMATERIAL EXCHANGECO INC(MMATF.US$ still hasnt transfer over and some broker has not change ticker from TRCH. buy dip and HODL. without the squeeze, MMAT is worth more than $14!!!!
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Jfk6822 : When they need to cover? Someone tell me a week ago....but untill now nobody saw they cover?
Mcpotato : when MMATF fully merge with MMAT... this process still haven been complete yet.
GoldSeeker : dude stop lying to urself liao la lol. you know it will never happen. we only can hodl it for long term liao
ahliao OP Jfk6822 : Some say 30/6 some say yesterday some sat next week. But what I know for sure is, the short position from TRCH will be converted to MMAT and has to cover. No expectation, MMAT fundamental is strong!
ahliao OP GoldSeeker : Which part is a lie? Short covering? MMATF not transferred over from Canadian exchange? Some brokers not changing ticker yet? But I agree with you, squeeze or not, fundamental is good, itโs a long term play
GoldSeeker ahliao OP : the squeezing part. yeah for long term still okay. but short squeeze? nah very unlikely uh i guess
Garfield ๆพๆ็ฅ : You guys forgot about the dilution from MMATF. They are 75% while TRCH is 25%. Basically the squeeze wonโt happen. I just realize this morning
ahliao OP Garfield ๆพๆ็ฅ : MMATF to MMAT is 1:1.8, which means the price would be ($14/1.8=$7.8) so anything below this price is a discount. If MMATF can be valued at $14 in Canadian exchange, what it can do in NASDAQ (more liquid, more volume, more reach)
Garfield ๆพๆ็ฅ ahliao OP : Correct. But what about the number of shorts? Base on the enlarge float, itโs no longer squeezable too.
Current buy is only for future value
ahliao OP Garfield ๆพๆ็ฅ : Am not into the squeeze play, but shorts from TRCH and MMATF still have to cover right. Not sure whatโs the SI now though. Of coz, if they continue to drive the price down, when they cover, they will profit