Metatron Inc (OTCMKTS:MRNJD) shares surged 4,800% to $0.00490 and were flat in after-hours trading after the company announced a 1-for-78 reverse stock split. Share prices have been trading in a 52-week range of $0.00 to $0.12.
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. It also provides consulting services in the areas of web development, mobile software, online marketing, pay-per-click management, search engine optimization services and corporate strategy to its content generator clients and Internet-based businesses.
Aside from that, 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. It assists its clients in producing digital content and designing websites.
Metatron Inc a reverse stock split of its common stock, par value $0.00001 per share at a ratio of 1-for-78. The reverse stock split is effective immediately prior to the market opening on February 1, 2017 and the stock will be trading under the symbol of MRNJD for a period of 20 days, after which the “D” will be removed and the Company’s symbol will revert to the original symbol of “MRNJ.” This move was approved by the Company’s Board of Directors, as well as one of the company’s stockholders holding a majority of the issued and outstanding voting capital stock of the company.
In the same press release, Metatron Inc announced a strategic move by i-Mobilize into the areas of mobile encryption, and Virtual Reality for its mobile development business. With this, it will embark on re-branding Metatron mobile development business in the specific areas of mobile encryption and security, and applications for the growing market in virtual reality. The company will focus on a couple of dynamic concepts within the mobile market, and will look to reduce or shelve other projects to the back burner so as to keep our core focus on these market segments to better execute our projects to market.
A big mistake companies make these days is they spread their focus over to many projects sometimes, where it is more productive to sharpen their focus on a couple core projects within their industry, and then execute on these new concepts to market. The areas of security, or mobile encryption, and the rapid growth of virtual and augmented reality are forecasted to be the next exciting trends in the mobile application and development industry, and Metatron, Inc. plans to become a player within this area. This re-branding, or reboot of Metatron business focus, will not just be in the areas of mobile development, but also in our corporate image, and areas of how we fund the company going forward so as to keep the shareholders best interest a key focus of the Board of Directors,” said Metatron Inc CEO John Riehl.
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