Metatron Inc. (OTCMKTS:MRNJ) after developing more than 2,000 apps on iTunes and Google Play, has announced on September 23, 2022, about extending the existing moratorium on conversions and non-dilution for an additional 30 days.
Trading Data
On Friday, MRNJ stock ended flat at $0.0004 with more than 135.21 million shares, compared to volume of 85.97 million shares. The stock moved within a range of $0.0003 – 0.0005 after opening trade at $0.0004.
Metatron Inc. Announces Additional 30-Day Moratorium On Dilution Throughout The Entire Month of October
As per the lockup agreement, it states that there would be no dilution through October 31, 2022. Corporate debt is being renegotiated and restructured during the moratorium period. As of now the company is pursuing strategic avenues to help build value for shareholders – it is their top priority.
CEO Joe Riehl is certain that the company is strategically being positioned for an exceptional year as 2022 draws to a close, and thoroughly prepped for new successes in 2023. Ever since the new Artificial Intelligence Division was established, they have already completed an acquisition.
The company is working hard to working to secure more favorable terms with lenders that have both immediate and far-reaching impact, while looking at yet another acquisition. Metatron is also actively working with Geek Labs Holdings Limited to tweak its AI acquisition for the final reveal, while discussing the company’s potential second major acquisition.
Key Quote
CEO Joe Riehl commented: “Since the beginning of September there has been no dilution and now the Company is able to announce that an extension is providing that there will be no dilution during the entire month of October. I firmly believe that with the value we are adding to Company as well as our vision and determination for the Company that we are strategically positioning ourselves for an amazing end of year wrap up as we head towards the close of 2022 and looking forward to substantial new successes throughout 2023.
Technical Data
MRNJ stock is trading above the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0002.
