- The company is changing its name to Mega Matrix Corp to reflect its focus on the Metaverse and GameFi business.
- However, its first NFT game still hasn’t been released, and it seems that interest in it is low.
- Another red flag is the exit of almost all Chinese investors that bought shares in the company back in August.
- I’m still bearish on AeroCentury, but I think that short selling seems dangerous as the share price is now at levels that are close to the ones it had when it was insolvent.
For further details see:
AeroCentury: Progress On Mano Is Underwhelming And I Remain Bearish