Apr. 23 at 12:57 AM
$METCB ...a guess? METCB to reverse split (~4:1) reducing the 40+ M shares pledged for the debt, spinoff of METCB to trade under a new ticker (NewCo), and convert the debt holders into NewCo stock. Poof! Keep the cash, extinguish the debt, the floats stays 12-15M shares, stock price at
$40, and the short feast begins as they develop the rare earth business.
NewCo (new ticker) replaces METCB and continues to pay dividends in cash. METC remains as-is and untouched and pays dividends in cash as well, no more METCB stock.
Later, NewCo (old METCB) merges with another rare earth business to become the jumbo rare earth company...or I am just dreaming.