it said they started the offering on jan 12. and it ended on jan 17. so i’m guessing they’ll try to push the price a bit before buying the agreed price. not really sure if my thinking is correct
sec filing so confusing please help
- Thread starter cashclay
- Start date
it’s probably reflected in the current price.
It's a warrant, so it does not mean the stock will necessarily drop to 1.50 (even though it's possible). It just means that they have the right to buy at that price, like options.
https://finance.yahoo.com/quote/MPU/profile?p=MPU
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Mega Matrix Corp., together with its subsidiaries, engages in the GameFi business in the metaverse ecosystem. The company offers Ethereum platform to stake on a node for the purpose of validating transactions and adding blocks to a respective blockchain network. It also provides aircraft advisory and management services. The company was formerly known as AeroCentury Corp. and changed its name to Mega Matrix Corp. in March 2022. Mega Matrix Corp. was incorporated in 1997 and is headquartered in Palo Alto, California.
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Alarm bells ringing for me when I hear metaverse, crypto, blockchain.
On top of it the company is involved also in aircraft advisory and mgmt svcs. Holy shaet!
Bye bye money invested
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Mega Matrix Corp., together with its subsidiaries, engages in the GameFi business in the metaverse ecosystem. The company offers Ethereum platform to stake on a node for the purpose of validating transactions and adding blocks to a respective blockchain network. It also provides aircraft advisory and management services. The company was formerly known as AeroCentury Corp. and changed its name to Mega Matrix Corp. in March 2022. Mega Matrix Corp. was incorporated in 1997 and is headquartered in Palo Alto, California.
"
Alarm bells ringing for me when I hear metaverse, crypto, blockchain.
On top of it the company is involved also in aircraft advisory and mgmt svcs. Holy shaet!
Bye bye money invested
It’s shares plus a warrant.
The shares crest automatic dilution. The warrants might create further dilution.
The shares crest automatic dilution. The warrants might create further dilution.
looking at the stock, it’s only 6percent of the shares outstanding but will provide cash for future investment.
That company is somebody's crypto fantasy.
According to their website, their principal business activity involves the production of content for something called short drama. The website says this:
As the leading stock in short drama, MPU is dedicated to becoming a global streaming platform giant in the vertical screen entertainment era through its operation of FlexTV.
But they just acquired FlexTV a few weeks ago. Their 10-Q from September 2023 doesn't say anything about short drama.
Apparently, they decided to "pivot," and somehow became the "leading stock" in short drama within the last two weeks. Maybe that's because there are no other publicly traded companies doing short drama.
And they are also somehow involved in something called Gamefi.
In the Sept. 2023 10-Q, in the third paragraph of the section titled "Organization and Principal Activities," you can find this gem:
On August 31, 2022, we acquired all of the equity interest in Saving Digital Pte, Ltd., a Singapore corporation (“SDP”) with no operations and approximately $3,800 in cash, from our chairman Yucheng Hu for a nominal consideration of $10,000. On September 19, 2022, through SDP, we purchased 37 Ethereum (ETH) for the purpose of exploring Ethereum staking opportunities following the transition by Ethereum on September 15, 2022 from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism referred to as the “Merge.”
The stock is trading at 3.26 and has never been above 4.00.
I wouldn't touch this with a ten foot pole LOL
Up until a few weeks ago, the company had no meaningful business activities except playing around with ETH.
Just go buy some Bitcoin or Ethereum, Dude.
This company is all vaporware.
According to their website, their principal business activity involves the production of content for something called short drama. The website says this:
As the leading stock in short drama, MPU is dedicated to becoming a global streaming platform giant in the vertical screen entertainment era through its operation of FlexTV.
But they just acquired FlexTV a few weeks ago. Their 10-Q from September 2023 doesn't say anything about short drama.
Apparently, they decided to "pivot," and somehow became the "leading stock" in short drama within the last two weeks. Maybe that's because there are no other publicly traded companies doing short drama.
And they are also somehow involved in something called Gamefi.
In the Sept. 2023 10-Q, in the third paragraph of the section titled "Organization and Principal Activities," you can find this gem:
On August 31, 2022, we acquired all of the equity interest in Saving Digital Pte, Ltd., a Singapore corporation (“SDP”) with no operations and approximately $3,800 in cash, from our chairman Yucheng Hu for a nominal consideration of $10,000. On September 19, 2022, through SDP, we purchased 37 Ethereum (ETH) for the purpose of exploring Ethereum staking opportunities following the transition by Ethereum on September 15, 2022 from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism referred to as the “Merge.”
The stock is trading at 3.26 and has never been above 4.00.
I wouldn't touch this with a ten foot pole LOL
Up until a few weeks ago, the company had no meaningful business activities except playing around with ETH.
Just go buy some Bitcoin or Ethereum, Dude.
This company is all vaporware.
OP - Have you looked at (BFI) BurgerFi a fastfood company based here in South Florida.
Once almost 20 bucks, now $0.71
Right up your alley - less than a small order of fries.
I wasnt invest in MPU. I actually took a short position and wanted to continue that short. But i exited from my positions alittle early
Same difference. Penny stocks are there for the little guy to get burned.
Like a hot chick in a bar that slipped a little something in your drink that you wind waking up in a Motel6 in your jockeys and nothing else.