No not $1. $0.50 would be my guess. The news was not really that good. A good step in the right direction, but not worth the jump that this stock took. At $0.50 MNGA is an investment. Else, MNGA is a trade stock. Just make sure you catch the right side of the knife. I sold with %15 profit, and wanted to puke 2 days later when MNGA rocketed. But I made my goal. I will buy and sell MNGA many times, it is a trade stock.
I listened to the call-in. After the Rah-rah hype about Bitcoin, the meat of the call-in was in the Q&A. I sold at 1.67 after-hours. Last night the 4 people who are this company, were stammering through answers. They would not tell the number of shares. We see now dilution increased shares by 400%, so far. Sure there may be 1 or 2 'dead cat' bounces, but this is a Trade play not an investment.