MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. At the time, nearly a quarter of its free float was sold short. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Learn more at www.metamaterial.com. Electro Optical & Infrared Systems (EO/IR). 'We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined 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. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. All rights reserved. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. But now, that trends come and gone once again. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. That includes a Board expansion to include seven additional members. 2023 Meta Materials Inc. All rights reserved. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc Follow me on this journey to success and profits. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. 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, statements with respect to the plans regarding METAs oil and gas assets and its operations. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. A recovery isnt likely to happen any time soon. 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 net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. It all happens at the free AI Super Summit. MMAT MMTLP Metamaterials Special Dividend. 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. As many as 148 million FTD shares of Meta are said to be outstanding. Kyle Bradford 20 Years Experience. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. 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). MMAT MMTLP Metamaterials Special Dividend update. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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. Therein lies the problem. 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. 495 members in the Oilco_Holdings community. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Email: ir@metamaterial.com. 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. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. There may be opportunity down the road with the now-named MMAT stock. In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. Create an account to follow your favorite communities and start taking part in conversations. Commencing on June 28, 2021 Torchlight's name will be changed to 'Meta Materials Inc.' and its common stock will begin trading on NASDAQ under the ticker symbol 'MMAT.'. No, MMAT has not paid a dividend within the past 12 months. Email:[emailprotected]. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. The company closed its merger with Torchlight Energy Resources. 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. We expect to provide additional updates upon completion of the drilling operations. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. meta materials special dividend Delayed Nasdaq 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. META has been working diligently to complete the spinout of the OilCo, subject to compliance with all legal requirements and process approvals by all involved parties, including completion of the audit. History; The Team; Investment; Label Solutions Learn more atwww.metamaterial.com. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. I don't believe George will respond but if he does investors will appreciate it. Therein lies the problem. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 19.0k members in the MMAT community. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 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. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. Copyright 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 OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. There are 3 levels to choose from. RISK FACTORS . You will get early access to the daily stock alerts and also the weekly watchlist. 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. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. All rights reserved. Finding a qualified financial advisor doesnt have to be hard. MMAT stock was down 19% as of Monday morning. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio For the first six months of the year, Meta lost $49.34 million, of which $40.54 million was down to a one-time, noncash net loss on financial instruments. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. All statements in this release that are not based on historical fact are 'forward looking statements.' By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. 1125 N. Charles St, Baltimore, MD 21201. The company had sold its last reserves in November. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 36 votes, 18 comments. 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. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. It also announced plans for the merger of the company to close today. He co-founded Valor Mineral Management and Mineral Tech. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. For additional information on Torchlight, please visit www.torchlightenergy.com. Details of the initial proposal can be seen below. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. At a low enough price, it may be a worthwhile bet. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 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#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. Learn more atwww.metamaterial.com. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. 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. Plus 3 Stocks for March.It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Investorplace & # x27 ; s Alex Sirois recently detailed, it has 160... For 2 reverse stock split of its free float was sold short and has been very valuable to our during. Named a Lux Research Innovator of the company had sold its last reserves in November help you achieve your goals... 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