Seriously, who announces a $2,000,000 stock buyback? That's an accounting error for real companies.
This company should do a chapter 7, and liquidate their "assets".
Companies like MARA, that have 6 employees are not investable. They have a guy that does BS press releases, and releases them when the stock is looking weak ( like this week)
Wait until the quarterly numbers come out. No cash, lots of debt. Confusing share classes. Just an ugly balance sheet.
You were warned. MARA is the next SUNE.
Sentiment: Strong Sell
$1 million in cash
$30 million in debt
Volume is drying up. Don't be surprised when you see a chapter 11 in the news.
People were hoping for a big payday....a few hundred million.
Also, MARA only has 6 employees. They outsource legal work. Those lawyers will get the winnings. MARA shareholder's won't get much if anything.
If you bought today on the pop, you just entered the house of pain. MARA will be chapter 11 soon. Lots of debt, no cash. Balance sheet is a mess.
Heads up.... Chapter 11 is in the cards.
Lots of debt, no cash.
Get pug now before volume dries up.
If you think Apple is going to pay MARA $500 million in a lawsuit.... Then you're a moron.
Apple isnt stupid. People who buy garbage stocks like MARA are.
This stock is headed to zero in the next 6 months.