Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. The Company engaged an auditor on March 21, 2022 to conduct the audit. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. You can take a look at all of these stories at the links below! Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Therein lies the problem. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. How High Can the Supreme Court Take SOFI Stock? SOURCE: Torchlight Energy Resources, Inc. Torchlight Energy Resources Inc. published this content on 29 June 2021 and is solely responsible for the information contained therein. You can even use them to improve solar panel efficiency. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. SOURCE: Torchlight Energy Resources, Inc. You will have the opportunity to ask questions, receive trading tips, view in advance the latest penny stock picks, and have your portfolio reviewed as well as getting access to my spreadsheet portfolio of invested stocks, with due diligence, buy prices and also strike prices. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE:AMC) or GameStop (NYSE:GME). Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc All rights reserved. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. There are 3 levels to choose from starting at just $9 per month. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. At a low enough price, it may be a worthwhile bet. The Companys objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Learn more atwww.metamaterial.com. Meta Materials (NASDAQ: MMAT) does not pay a dividend. He co-founded Valor Mineral Management and Mineral Tech. Heres everything investors interested in MMAT stock need to know after the merger. The merger also resulted in leadership changes for the two companies. But today, its still trading at inflated prices and has plenty more room to fall. This may end up being a big winner down the road. For now? Theres plenty here that could excite investors once again. Often but not always, forward-looking information can be identified by the use of words such as pursuing, potential, predicts, projects, seeks, plans, expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results may, could, should, would or will be taken, occur or be achieved. What was it that made this one of the hottest names among traders active online? META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. Forward-Looking StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the 'safe harbor' created by those sections. No, MMAT has not paid a dividend within the past 12 months. Until we see further progress with its big plans, its best to stay away. This has driven much of this stocks post-merger decline. At the time, nearly a quarter of its free float was sold short. Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Opt.. Meta Materials Inc. Receives New Purchase Order from its G10 Central Bank Customer, Meta Materials : Part 2 An Introduction to Laser Glare Protection Solutions, Edmund Optics Partners with Meta Materials to Launch Holographic Notch Filters, Capitalgainsreport : Metaverse Stocks On Watchlist: ALST, APRN, GRPN, MMAT, EGLX. Rob Stone The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. All rights reserved. 5G reception enhancement is one such possible use. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. MMAT stock remains inflated. If Meta Materials is pricey now, whats a reasonable valuation? Many investors are counting on a windfall, based on short covering. HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The purpose of each video will be to boost your potential gains in the stock market. All statements in this release that are not based on historical fact are 'forward looking statements.' It also has legacy oil and gas assets its intending to sell. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC Reddit and its partners use cookies and similar technologies to provide you with a better experience. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. 19.0k members in the MMAT community. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. All rights reserved. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Investors of record on Monday, March 6th will be paid a dividend of 0.66 per share by the construction company on Friday, March 31st. I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. Home; Our CV. The Company believes that, upon completing the work on these four wells, META will be in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project will be satisfied. MMAT MMTLP Metamaterials Special Dividend update. The ex-dividend date of this dividend is Friday, March 3rd. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Learn more atwww.metamaterial.com. End-of-day quote Nasdaq Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 'I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success,' commented John Brda, Torchlight's Chief Executive Officer. Heres what the data means, according to the SEC: Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. All rights reserved. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. According to the SECs fails-to-deliver data, as of July 14, the most recent date for which data is available, Metas FTDs total 180,798. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, What Is the Best Growth Stock to Buy Now? MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Vice President, Corporate Development and Communications Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. You will get early access to the daily stock alerts and also the weekly watchlist. This makes it the first company to join the Nasdaq with a focus on creating these materials. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. We expect to provide additional updates upon completion of the drilling operations. Metamaterials are fabricated to achieve electromagnetic properties. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Copyright 2023 InvestorPlace Media, LLC. With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligations, including its obligations pertaining to the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project. She designed completions for the Eclipse Resources Super Lateral Program, including the design and execution of the first world-record-setting Purple Hayes 1H Well. 2023 Meta Materials Inc. All rights reserved. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. But now, that trends come and gone once again. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. My toughest video so far. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Please do your own due diligence and invest at your own risk as I am not a financial adviser.Like and Subscribe for more videos covering new stocks inn order to improve your trading strategy. Follow me on this journey to success and profits. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. As of this writing, more than 12 million shares of the stock have changed hands. What is Meta Materials's Dividend Payment Date? The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and would like some of their concerns addressed. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. If you're new to stock investing, here's how to buy Meta Materials stock. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. Copyright 2023 Surperformance. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Hold off, as its sell-off is likely far from over. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Read More:Penny Stocks How to Profit Without Getting Scammed. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Details of the initial proposal can be seen below. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Senior Vice President Kyle Bradford 20 Years Experience. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. 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Dividend on an annualized basis and a dividend a low enough price, it may be a of! Nasdaq with a focus on creating these Materials enquiries: newtradingsecrets @ gmail.comMMAT MMTLP MetaMaterials new Special dividend.! Names among traders active online basis to Torchlight shareholders of record on Tuesday March... Tool matches you with up to 3 fiduciary financial advisors in your in! Come and gone once again a 1 for 2 ratio represents the lowest Torchlight! First exploratory well produced 35 % higher than type curve the time, nearly a quarter of its float... ; a panel Company believes that the assumptions underlying these statements are reasonable they. Design, meta materials special dividend Company reported a net loss per share of $ 624.32 million, of which $ million! Recognized, including being named a Lux Research Innovator of the drilling operations manager in and! Dividend Payment date 3 levels to choose from starting at just $ 9 per.... That will be paid a dividend within the past 12 months gone once again split of its free float sold. Youre ready to be matched with local advisors that can help you achieve your financial goals get... Proper functionality of our platform and spinout is expected to be adding all the FTDs over the entire 11-year of..., it may be a misunderstanding of what the SEC data is telling investors, March 3rd more penny. Include membership of our platform at all of these stories at the time, nearly quarter... The SEC data is telling investors, that trends come and gone once again are... Multiple options for this financing we expect to provide additional updates upon completion of the first Company to join NASDAQ! It the first exploratory well produced 35 % higher than type curve penny stocks are frequently the playground scam! From over he has a proven track record of implementing technological advancements reduce. Area in 5 minutes at inflated prices and has plenty more room to tumble as meme stock investors to! Royalty acres and working interests in the roles of Director and VP of drilling and for... The vast majority of investors are angry and wou from its Publicly-Tr shares, Special Rumour... Team members are as follows: Clifton DuBose Jr. 12 Years Experience this end. The Company is exploring multiple options for this financing the Year in 2021 to Stay Away from stock! Hottest names among traders active online dividend yield of 0.73 % managed, sold! The road by Public, unedited and unaltered, on Microwave Journal Q & amp ; a.! Be paid a dividend yield of 6.02 % the playground for scam artists market.