$Meta Materials (MMAT.US)$ An SEC response to George Palikar...

StaticDean OP : Here it is.....

AngelBull : look how easily you are misled and how people fed you with distorted and twisted info.  this letter has nothing to do with whatever you mentioned or pretend to imply. it was for MMAT to register offerings of $250 million shares and was approved  subsequently.

Here's the Extract from Meta Material website:

"META has identified factors that raise substantial doubt about the Company’s ability to continue to operate as a going concern and to achieve compliance with NASDAQ continued listing requirements.

...

Meta may not be successful in identifying suitable financing transactions in the time period required or at all, and it may not obtain the capital it requires by other means.

On November 9, 2022, META filed a registration statement (the “Prospectus”) no. 333-268282 on form S-3 allowing it to issue securities with aggregate offering price not to exceed $250 million. The Prospectus was declared effective by the SEC on November 18, 2022.

On February 10, 2023, META entered into a sales agreement (the “ATM Agreement”) with an investment bank with the establishment of an “at-the-market” offering program under which the Company may sell up to an aggregate of $100 million of shares of common stock (the “ATM Shares”) from time to time.

Source: From Meta Materials own website
https://metamaterial.com/meta-materials-announces-q4-and-fy-2022-results/#:~:text=On%20November%209%2C%202022%2C%20META,SEC%20on%20November%2018%2C%202022.

AngelBull : MMAT filed S3 document of its intention to offer $250 million shares (approved by SEC on 18 Nov 2022)  and further announced it had engaged a bank to offer up to $100 million shares from time to time. it has so far offered only $25 million shares and shares price tumbled from $0.83 to $0.20.

At $0.20 it will reverse split or it will be delisted.

the share price will only dive and will offer again  and further dive the price down when reverse split.

and the "lawsuit" rubbish are clearly retard attempts to pump and dump this stock, with such  twisted info which can be easily verified.

StaticDean OP : Ive owned this stock since Torchlight days. Your right I have been mislead. By FINRAFRAUD and the SEC. Don't come on here running your mouth about a stock you haven't probably ever owned until you started shorting it recently. According to you this was approved in November 22 yet the letter is dated November 22 denying them to even look into it. If anyone is misleading people it's you. Now get off my comment and go spams someone else with that BS....

AngelBull StaticDean OP : According to your screenshot, the SEC letter was dated 16 Nov 2022 and it was for the purpose of $250 million share offer filing, stated by Meta's press release.

Refer to highlighted text in the screenshots.  NOTHING related MMTLP. You also got the dates wrong, I have never mentioned 22 Nov 2022 and the date of the letter was not 22 Nov either.

Source (Meta's press release, scroll to the bottom to see Meta mentioned S-3 No. 333-268282 was approved on 18 Nov 2022 for $250 million shares offer ):
Meta Materials Announces Q4 and FY 2022 Results - META
Also refer to S-3 Filing No. 333-268282 at SEC Database:  sec.gov/Archive...