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. 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. He is also an attorney, licensed to practice law in the State of Texas. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. What was it that made this one of the hottest names among traders active online? 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. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. Therein lies the problem. Delayed Nasdaq Nasdaq This sell-off will likely carry on, at least until its past meme stock status fully goes away. No forward-looking statement can be guaranteed. There are 3 levels to choose from starting at just $9 per month. Integrous Communications This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. More likely than not, a continued move to lower prices. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. Details of the initial proposal can be seen below. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. This may end up being a big winner down the road. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Accordingly, readers should not place undue reliance on any forward-looking statements or information. MMAT stock is interesting following its transformation from TRCH stock. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . 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. MMAT stock is seeing heavy trading today after the merger closed. 1125 N. Charles St, Baltimore, MD 21201. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. 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.'. All rights reserved. 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. 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.". 1125 N. Charles St, Baltimore, MD 21201. Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. The ex-dividend date of this dividend is Friday, March 3rd. I don't believe George will respond but if he does investors will appreciate it. medium length hairstyles for thick hair male. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Electro Optical & Infrared Systems (EO/IR). On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Exhibit 99.2 . About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Companys Form 10-Q filed with the SEC on November 15, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Electro Optical & Infrared Systems (EO/IR). Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Learn more atwww.metamaterial.com. I have over 20 years experience as a lecturer in business, accounting, economics and law. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Follow me on this journey to success and profits. 2023 InvestorPlace Media, LLC. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. MMAT News. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. Mostly, its potential as a short-squeeze play. The Company's 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. Known as Glucowise, the company projects an annual market potential topping $15 billion. Over the past month, its fallen from around $10 to less than $4 per share. 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. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. You can use them for many applications. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. Sign up below to get this incredible offer! Investing in our common stock involves a high degree of risk. Product sales amounted to $1.95 million. News that the deal was at a close came on Friday from Torchlight Energy Resources. MMAT stock was down 19% as of Monday morning. Is Meta Materials's dividend stable? Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. The company closed its merger with Torchlight Energy Resources. Hold off, as its sell-off is likely far from over. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 5G reception enhancement is one such possible use. At the time, nearly a quarter of its free float was sold short. You can even use them to improve solar panel efficiency. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. 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 . He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer and Asset Manager of the Appalachian North and Utica Business Units. 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. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Others are likely holding the bag, hoping for a recovery. 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. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 She led operations team through several successful M&A transactions. Torchlight reported no proved reserves as of December 31. Copyright It looks like you aren't allowed to do that. The company had sold its last reserves in November. What is Meta Materials's Dividend Payment Date? All rights reserved. 2023 Meta Materials Inc. All rights reserved. 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, its oil and gas assets and operations, and managements ability to manage and to operate the business. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. 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. If Meta Materials is pricey now, whats a reasonable valuation? This 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. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. 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. Heres everything investors interested in MMAT stock need to know after the merger. 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. FTDs are nearly always due to a traders failure to make good on a naked short contract. With many applications for its technology, the company has big opportunities across many sectors. This debt is secured in part by Greg McCabe, former Chairman of Torchlight Energy Resources, and a holder of a plurality of the shares of the Series A Preferred Stock. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. '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. Place undue reliance on any forward-looking statements always due to a traders failure to make good on a short... Make good on a naked short contract Sirois recently detailed, it has $ 160.... Engineer and asset manager of the Appalachian North and Utica business Units the Appalachia,! Friday, February 24th its fallen from around $ 10 to less than $ per... 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