Metatron will be issuing a special stock distribution of Circa shares to Metatron shareholders as of record 3/26/2017, ratio 7 MRNJ to 1 CPPD. Pay date will be 4/8/2017 and is subject to FINRA approval. The stock has a standard one year holding period.
Metatron continues to work with Circa Pictures toward the launch of its unique video crowdfunding platform for new movie, television, and streaming media projects. The Company is currently exploring opportunities for app and media distribution through Circa’s relationship with Zumm Everything Android.
One of the more exciting aspects of this trade is the Company’s plan to develop mobile apps for the rapidly growing cannabis and marijuana industry. The Company is expected to release a detailed update on their cannabis mobile app direction, but in meantime investors can get a feel for the market by taking look at MassRoots, Inc. (OTC:MSRT), which is one of the main players in the area of mobile applications for cannabis market.
Confide, an app that allows users to send disappearing encrypted messages, grew its user base sevenfold in one week after stories saying that Republicans in Washington, D.C., are using it to share information confidentially, said Confide President Jon Brod.
“Last week our users increased 7 times over the prior week, so just, explosive growth,” he said. The spike followed stories from multiple publications, including Axios and the Washington Post noting how the app is taking off among political operatives.
SnapChat currently commands a market cap of over $31 billion and the company generates about $400 million in annual revenue. Snap’s revenue growth rate is a lot higher than Facebook’s, demonstrating the market need to send messages that delete automatically, although not securely like our Vaporize app, and we expect industry growth will continue.
As of Feb. 28, 2017, the Company has roughly 60 million shares issued and outstanding, and is traded Over the Counter under the symbol “MRNJ”.
For the full press release go to Metatron Inc