Metatron Inc (OTCMKTS:MRNJ) Announces Plans to Raise $1M

0
382
Cannabis Sativa

Metatron Inc (OTCMKTS:MRNJ) shares jumped 60% on Tuesday to $0.00240 and were down 4.17% to $0.00230 in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.12. The company has a market cap of $50,580.00 at 28.10 million shares outstanding.

Metatron Inc is a digital content distribution and mobile application company. It is a digital content aggregator and distributor of downloadable content applications, available in Internet stores, providing consulting services in the areas of web development, mobile software, online marketing, pay-per-click (PPC) management, search engine optimization (SEO) services and corporate strategy to its content generator clients and Internet-based businesses.

The company also provides Internet professional services which include strategic planning, Web site content development, graphic design and computer programming. Its strategic services include concept creation, service selection, and campaign strategy; detailed reports and market insights; strategic direction based on market research, and strategic competition campaign analysis. The company assists its clients in producing digital content and designing Websites.

In a press release, Metatron Inc shared its plan to raise $1,000,000 using the popular method Reg-A. It has already selected Fundable to run this capital raise campaign, which has generated over $80,000,000 in funding commitments from investors, customers, and friends in their first year. In total, Fundable has surpassed $300,000,000 and is one of the leading crowdfunding platforms.

In 2015, the SEC adopted new rules that update and expand Regulation A to help companies raise capital in the public markets. With these new rules, dubbed Regulation A+, the SEC seeks to promote capital formation, while preserving the disclosure requirements and other investor protection measures,” noted OTC Markets.

This capital raise of $1M will be used to assist with the company’s new security app Vaporize, along with the updating and launching of new Cannabis apps, which are targeted for the rapidly growing cannabis and marijuana industry. Metatron Inc is the first company to have a cannabis-related app on the iTunes store and has half a dozen other ones in development.

The company also plans to move forward with its private messaging app called Vaporize, which is an end-to-end encrypted messaging app that facilitate secure communication, and will delete, or ‘vaporize’ messages after being sent, provide anti-screenshot or forwarding features, to allow users to chat without fear of their history being stored. Lastly, Metatron Inc also plans to relaunch their mobile business in the specific areas of mobile encryption and security, and mobile applications for the growing cannabis and marijuana market through its mobile division.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.