May. 16 at 4:35 AM
$MTEK I cant tell if they are trying to tank the company into bankruptcy or delisting. Looks like the 2023 and 2024 purchase orders got cancelled and backlog is down to
$3 million. They admit they are trying to increase costs to grow while backlog and sales are sinking. This is not how you run a cutting edge technology company. No revenues, diminishing cash, they are acting like a growth company but the funding isn't there. They will be without money sooner than later. Management owns 30% of shares and they may be worthless soon. Might not even make it to Feb 2027 for the IPO warrant owners. All that amazing tech, very poor execution. Sad days ahead.
