$MMTEC Inc (MTC.US)$ no matter what happens - bad circumstances of course, even though Chinese HongKong stock is bullish, this is going to be down. does this come back some day ? after they resume their business ? or after they get $153 mil cash in their hand ? they sold the subsidiary company a year and half ago ... still they haven't had cash ??? not sure because they haven't announced anything.
Ni West River
:
this would possibly go to 2.0 tomorrow. in next week, this could go up to 7-8, then 10-15, then jump to 40-70 in a few days. we'll see it.
Ni West River
OP105149362
:
what's special is to reduce the interest rate. usually extension of debt causes higher interest, but this time it gets lower. this means investors decided for some promising future.
$MMTEC Inc (MTC.US)$this company market cap is 30-40 mil dollars now. company has 153 mil dollars cash in a two weeks. funny this price.
2
8
Report
Zhancheng Zhang
:
You mean "153M" from XHG? The problem is XHG itself is going bankrupt, and the only thing MTC can get is the XHG stock, which is worthless.
Ni West River
OPZhancheng Zhang
:
yea, that could be a problem. but at least MTC can take back Alpha Mind and they can take shares of XHG for interest portion, which they can sell and get money to a certain extent.
Zhancheng Zhang
Ni West River
OP
:
The problem lies precisely with Alpha Mind, which is also a worthless entity that quickly goes bankrupt. Otherwise, XHG wouldn't have dropped 96% of its stock within one year of acquiring Alpha Mind! Also, MTC's latest financial report mentioned that the company's revenue for the first half of '24 was zero!! Have you ever seen such a marginal company? I'd like to see a miracle happen, but hopeless:)
Ni West River
OPZhancheng Zhang
:
I totally agreed. when I saw their report, I was literally shocked. however, from the beginning their business has been small and almost nothing other than AlphaMind. their plan was to invest something else by using the cash from AlphaMind I guessed. without such money in their hand, they need to pause the business ...
Ni West River
OPZhancheng Zhang
:
only one thing we could say hope is that the less floating stock thanks to RS. this stock is more manipulative one than health company. so now easy to be manipulated. that is only hope for exam, NVNI. this is about to be delisted and garbage company. but 3 days ago it was 0.36. then 0.6 in a day and 2.7 in following day, even touched 7.2 in AH on the day. just two days ... I saw it today touch 12.0 and over ... totally manipulated
U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data. U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data.
Ace Loong : Three years later