IMO $1 is quite unlikely. Let's not forget that the company just bought back its own securities at 150 without any scale-back. If 150 seemed too cheap for plenty of holders I would not expect any significant selling below this price. Shorters may try but would be unwise to do so in MMG given the company is prepared to spend another 15m on a market buyback. I will certainly buy plenty if it drops to 1 but really any price below 150 now seems cheap.
MMG Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
