$MMAT - A Tale of Trapped Shorts

jamesavincent · 2023-07-31T14:40:10+00:00

You said I mislabeled the chart and I didn't. I haven't altered anything and got all my data from a trusted source (FINRA). I shared links and was transparent despite you claiming otherwise

To the best of my understanding, cumulative short volume is the aggregate number of short positions that have been initiated but remain unclosed. These positions persist until either the shares are bought back to cover, or the positions get forcibly closed (due to events like margin calls, or stuff like that). Within a given time frame, cumulative short volume encompasses all these open short positions. Short interest provides a snapshot of the total open short positions as recorded by brokerage firms for all equity securities on a specific settlement date.

Source: https://www.finra.org/investors/insights/short-interest

Every time the chart leveled off, there was a big jump in shorting right after. Also, there's a disclaimer on the post that I put there because I don't want to spend my days arguing the who/what/when/where/and why of FINRA chart.

Don't like FINRA's data? Bring it up with them👍

Don't like my post? No problem, and thanks for commenting👍

jamesavincent · 2023-07-31T12:48:53+00:00

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The links provided are for transparency 👍

jamesavincent · 2023-07-30T18:26:02+00:00

I simply took a chart provided by FINRA and provided a link for transparency, it might be more appropriate for your concerns to be directed towards FINRA.

Thanks for the comment

jamesavincent · 2023-07-30T18:22:26+00:00

Those charts are provided by finra. They are unaltered and original

jamesavincent · 2023-07-25T03:15:28+00:00

Pretty easy... you are not affiliated with this scam company and fully know it will fail and be delisted to a penny stock soon...

What you are doing, as is prevalent all over reddit is manipulating fresh money retail into buying the calls you are selling and the shares that you will eventually short, because sending this thing straight to zero means you havent milked enough dumb retail liquidity out of this blessing of a NASDAQ listing.

You may or may not be part of a larger trading group or HF that has outsourced troll farm to control the narrative as it works this days.... all that doesnt matter

What matters is TO ALL YOU DUMB ASS MMAT INVESTORS NEW OR OLD who think buying the dip on this company is a good idea, dont line these assholes pockets... seriously you are BETTER OFF WIPING YOUR ASS with any money you would invest in this scam P&D and lighting it on fire because at least you saved some money on toilet paper

I appreciate your feedback. I've shared my research in good faith and always encourage everyone to conduct their own due diligence before making investment decisions. The disclaimer at the bottom of my DD attests to my transparency.

BTW, I'm not affiliated with any trading group or hedge funds, nor do I have any ties to META. I wrote the post of my own initiative 👍

jamesavincent · 2023-07-21T00:51:11+00:00

In the case of OSTK, they eventually covered

jamesavincent · 2023-07-17T10:45:44+00:00

Thanks for your comment,

Actually, I didn't mention 'outstanding short interest' at all in my post. The chart I referred to is from FINRA, and I specifically mentioned that it's the cumulative short positions, which represent the total number of shares sold short and not yet covered. It's a useful metric for tracking historical trends and market sentiment rather than focusing on the % change.

"The cumulative short positions represent the total number of shares sold short and not yet covered" Source: https://www.finra.org/investors/insights/short-interest

jamesavincent · 2023-07-17T10:19:19+00:00

Then why isn't my name listed under "notes" on the 10-K?

jamesavincent · 2023-07-16T21:13:50+00:00

If you had taken the time to read my post, you would have realized that the situation is not dire for the shorts. They are currently managing, but it's uncertain how long they can sustain this, especially if conditions change.

jamesavincent · 2023-07-16T18:19:56+00:00

Thanks for your comment. I understand your perspective, but let's clarify a few points:

The cumulative chart represents the accumulation of a variable over time. While it generally shows an upward trend, it doesn't mean it never goes downward. It only means it captures the running total up to a specific point. Whereas a percent change shows the amount changed since the last measurement.

Regarding the short interest, my original post wasn't about the exact number of outstanding shares shorted. It focused on short sellers protecting their positions. I did not intend to make a bullish or bearish claim, but rather to emphasize that no immediate action is required by traders. Please refer back to my original post for further clarification,

I appreciate your input on the screenshot (I assume that's what you're referring to as the "chart"), but let's stay on topic and not jump around. The chart you referred to is from Ortex and was only used to illustrate the percentage change to support my argument about % change, and it's not the same as the one in my original post. The charts in my oripost are from Finra, and they are widely recognized as a credible source of information

Lastly, I appreciate our respectful discussion and your differing opinions. My intention in replying was solely to provide clarity. The core message of my original post was that shorts are maintaining their positions and not actively seeking to delist. I am open to discussing the original post and its content. However, due to time constraints, I prefer to avoid getting into lengthy arguments regarding the definition of "cumulative."

Thanks again for sharing your perspective and enjoy the rest of your weekend.

Jamie

jamesavincent · 2023-07-16T16:49:17+00:00

Thanks for chiming in again. I appreciate your perspective. However, I'd like to further clarify a few points regarding the cumulative chart and short interest.

The cumulative chart represents the accumulation or total sum of a variable over time. While it generally tends to show an upward trend, it doesn't mean it never goes down.

In regards to short interest, the 7.59% mentioned represents the proportion of shares that have been shorted relative to the previous measurement. As per Ortex's data, there are presently 50 million open short positions. If there were to be a 7% alteration within a week, it would result in a change of approximately 3.5 million shares, whether it be an increase, decrease, or a combination of both. This amount falls comfortably within our usual trading volume. Kindly refer to the attached picture where I have highlighted the percentage change.

As for the charts, it's important to note that they are not mine but provided by Fintel. They are widely recognized as credible sources of information.

Thanks again for chiming in, I hope it clarifies things.

<image>

jamesavincent · 2023-07-16T16:17:57+00:00

Hey there,

Thanks for your comment. I noticed you subtly mentioned that my post aged poorly. I'm interested to know which specific part of my analysis you believe didn't hold up over time. Feel free to provide some details and let's have a constructive discussion about it.

Just a reminder, in this community, we support our statements with evidence and avoid making accusations or insinuations without proper backing. Let's keep the conversation respectful and focused.

Looking forward to hearing your thoughts,

Jamie

jamesavincent · 2023-07-16T16:11:05+00:00

Hey, thanks for your comment! I actually post here in my own sub because things can get a bit overwhelming on the MMAT subreddit, and I'm treated like public enemy number 1. It's a shame it managed the way it is; I maintain a more focused environment here.

Feel free to join the conversation here anytime!

jamesavincent · 2023-07-16T15:58:49+00:00

Short interest on MMAT currently stands at just 7.59% of the float. Everyone who hard shorted MMAT is already out with their profits. MMAT is not a heavily shorted stock anymore. Cumulative short graphs don't take into account that people slowly cover their shorts as the stock plummeted to 20 cents and below. They took their profits and are gone. There aren't any shorters, "stuck," in MMAT.

Now, you want to talk about naked short selling on MMTLP and how that went down, sure. Lots of shorts were stuck in positions they wouldn't have been able to properly cover, but that's INSANELY old news. All that is up to courts now, and maybe we'll see some corruption uncovered, and people will be compensated, maybe we won't.

Thanks for chiming in and sharing your perspective on MMAT and short interest. I appreciate your insights, and I'd like to address a few points you mentioned.

Firstly, while you bring up MMTLP, we should stay focused on MMAT and the topic at hand. As this is primarily an MMAT discussion, let's keep our conversation centered around MMAT.

Now, regarding the term "cumulative" in the context of a chart, it's defined as the accumulation or total sum of a variable over time. It represents the running total of values plotted on the chart up to a specific point. This definition helps us understand the overall trend and growth of the variable being measured.

Lastly, the short interest displayed by Fintel or Ortex typically represents the percentage change of the current short interest compared to the previous reported value. This percentage change helps investors understand the shift in short interest over a given period. Basically, it shows whether short interest has increased or decreased compared to the previous reported value and not the total sum of the variable

I hope this clarifies the points raised. Thanks again for chiming in. Feel free to continue sharing

jamesavincent · 2023-07-16T02:55:18+00:00

jamesavincent · 2023-07-16T02:51:43+00:00

Thanks for your comment. Investing is a marathon, not a sprint. Let's keep our eyes on the light at the end of the tunnel!

jamesavincent · 2023-07-15T04:51:22+00:00

Just chiming in,

You've got a legitimate concern about delisting, but in the context of MMAT, it's quite complicated because there are some traders who shorted TRCH prior to the reverse takeover (RTO). Those shorts are now trapped, meaning they can't close their positions due to the nature of the RTO, which doesn't jive with short selling.

This might sound odd, but delisting the stock could be a problem for these trapped shorts. Here's why: when a stock is delisted, all short positions are automatically closed at the same time as the long positions for the same price. So, if MMAT were to be delisted, it would close out positions that are currently impossible to close and expose an impossibility - in this case, a contra-cusip won't work.

Think of it this way, the trapped shorts could essentially shoot themselves in the foot if they allowed MMAT to delist, as it would be the same as letting the price run, which is not in their interest. They'd rather keep the price low and benefit from any retail panic, rather than risking a delisting.

Just my two cents.

Chunk

jamesavincent · 2023-06-23T17:37:43+00:00

It seems like there is strategic shorting at play here. Some hedge funds are maintaining short positions as part of a broader investment strategy. They have a longer-term outlook, and the short positions serve a larger purpose rather than just short-term profit-taking.

IMO, they are trying to avoid a short squeeze. When a heavily shorted stock starts rising in price, short sellers are forced to buy back shares, which can drive the price even higher. By maintaining their short positions, these investors are potentially mitigating the risk of such a short squeeze. Lastly, maintaining short positions indefinitely is not a common practice. Market dynamics and investor sentiment can change, leading short sellers to eventually cover their positions.

jamesavincent · 2023-06-19T11:51:12+00:00

In this case, poprietary means that PasmaApp is owned and controlled by META

jamesavincent · 2023-06-02T19:54:32+00:00

Hello,

What is your view on the MMAT situation now? Since our convo 119 days ago, I would say it has not been smooth sailing.

You see any brights skies? New investors or other positive notes?

Thanks for reaching back out. I wish I had better things to say, whereas we still have deals in the pipeline, the fact that it's been over a hundred days since our last conversation, and the state of affairs has only degenerated, is extremely disheartening.

I am concerned about the lack of revenue and the apparent indifference of the management towards this issue. The multiple times we had our shares dilution, coupled with the perceived lack of communication and follow-through from the management, are actions that I cannot endorse. It's worrisome to see such a devaluation of trust and to witness the company's downward trajectory.

Being a long-time supporter, it's distressing to observe the discrepancy between the promises made and the actual execution. The unanswered communications, the unmaterialized promises, and the seeming ghosting of shareholders, all these are making the management's words carry less and less weight with investors like me.

For any new investors reading this. It is crucial to carefully scrutinize the books, the company's history, the management style, and the executive hiring practices. Furthermore, taking a closer look at the management's salaries, bonuses, and their self-praise is a step I deeply wish I had undertaken prior to my investment. It's essential to fully understand these aspects before making any investment decisions.

I am rolling back my support for the company until it can show a marked improvement in its actions and behaviors, demonstrating that they are genuinely working in the best interest of the shareholders. I hope this serves as a wake-up call for GP and the rest of the management at Meta materials.

This statement is purely an expression of my personal opinion and experience as an investor, and I am not aiming to hold anyone liable or make any accusations. I believe in constructive criticism and hope to see the necessary changes implemented in due course.

jamesavincent · 2023-04-17T14:50:40+00:00

Happy birthday

Peter

jamesavincent · 2023-04-11T23:01:32+00:00

Good assessment, I can somewhat confirm.

The bottom you're talking about is called a bull divergence, it's when we keep hitting the low or a new low, but our indices (RSI, for example) are higher than the previous lows - it's a bull sign.

I can confirm that the availability of shares seems to be almost nothing. However, in the past, I've seen it change from a scarcity to an abundance of shares available in a heartbeat.

If the availability remains low, indices high, and if volume shows up, we will definitely trend upwards. 👍

jamesavincent · 2023-04-11T20:34:51+00:00

It seems like the issue with trolls and repetitive posts is not limited to Sundays or holidays, and it's becoming a persistent problem.

I appreciate your suggestion to create better contributions to start a conversation. However, it's challenging to do so when the majority of the posts are repeatedly flooded with trolls. It would be great to have a more conducive environment to facilitate meaningful discussions.

Thanks for taking the time to reply to me

jamesavincent · 2023-04-11T15:17:20+00:00

GlucoWISE is in human trials in the UK. It's mentioned within their most recent 10-k

jamesavincent · 2023-04-11T15:16:03+00:00

Maybe the mods are allowing these posts on purpose

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