Theres even room for more lines. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. No forward-looking statement can be guaranteed. 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 . As many as 148 million FTD shares of Meta are said to be outstanding. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. Email:[emailprotected]. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 5 BIG Questions for George. Hold off, as its sell-off is likely far from over. Metamaterials are fabricated to achieve electromagnetic properties. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. DORADO, PUERTO RICO / ACCESSWIRE / March 1, 2023 / Pharma-Bio Serv, Inc. ("Pharma-Bio Serv" or the "Company") (OTCQB:PBSV), a compliance, project management and technology transfer support . More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on November 15, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. 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? 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. All rights reserved. How High Can the Supreme Court Take SOFI Stock? Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . 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. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. There are 3 levels to choose from. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. 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. It also has legacy oil and gas assets its intending to sell. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 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. About Torchlight Energy Resources, Inc.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. Delayed Nasdaq Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. What was it that made this one of the hottest names among traders active online? quotes delayed at least 15 minutes, all others at least 20 minutes. Press J to jump to the feed. Read More:Penny Stocks How to Profit Without Getting Scammed. 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.". In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Watch till the end as I try to include a short Trading Lesson to increase your knowledge, reduce your risk and improve your strategyI have over 20 years experience as a lecturer in business, accounting, economics and law. The ex-dividend date of this dividend is Friday, March 3rd. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Email:[emailprotected]. 1125 N. Charles St, Baltimore, MD 21201. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. 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-Q filed with the SEC on November 15, 2021, in the Companys Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. We expect to provide additional updates upon completion of the drilling operations. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Many investors are counting on a windfall, based on short covering. 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 Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . 5G reception enhancement is one such possible use. Electro Optical & Infrared Systems (EO/IR). Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. If you're new to stock investing, here's how to buy Meta Materials stock. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Daren Rader 16 Years Experience. Torchlight reported no proved reserves as of December 31. 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. 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. All statements in this release that are not based on historical fact are 'forward looking statements.' FTDs are nearly always due to a traders failure to make good on a naked short contract. No forward-looking statement can be guaranteed. There may be opportunity down the road with the now-named MMAT stock. Ms. Oelkers has managed engineering teams at Eclipse Resources and Montage Resources, achieving cost and efficiency improvements while implementing innovative technology for substantial reserve recovery. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 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. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. She led operations team through several successful M&A transactions. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. This points to the stock having plenty of room to fall before its no longer overvalued. MMAT stock was down 19% as of Monday morning . Therein lies the problem. Learn more at www.metamaterial.com. The company also reported long-term lease liabilities of $1.15 million. Copyright 2023 InvestorPlace Media, LLC. 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. The company had sold its last reserves in November. 2023 InvestorPlace Media, LLC. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. Investors looking for more hot stock news today should keep reading! Details of the initial proposal can be seen below. Finding a qualified financial advisor doesnt have to be hard. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 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. This may end up being a big winner down the road. For now, still in its early stages, this potential is more than accounted for in its share price. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our 2020 Annual Report on Form 10-K, filed on March 18, 2021, our First Quarter 2021 report on form 10-Q filed on May 14, 2021 and our other reports filed from time to time with the Securities and Exchange Commission ('SEC'). Its operating business today isnt generating much revenue. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. '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. 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 . 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. As of this writing, more than 12 million shares of the stock have changed hands. Email: ir@metamaterial.com. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. 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. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. At the time, nearly a quarter of its free float was sold short. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. All rights reserved. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. 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. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. 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. Total oil and gas sales last year amounted to $193,379. 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 details are now ready and available. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. 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. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. There are 3 levels to choose from starting at just $9 per month. Follow me on this journey to success and profits. HALIFAX, NS / ACCESSWIRE / March 31, 2022 /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 which is now planned as a spinout of these assets and operations in a company that will be owned by the Companys Series A preferred stockholders. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Sign up below to get this incredible offer! Rob Stone Electro Optical & Infrared Systems (EO/IR). 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. As of this writing, more than 12 million shares of the stock have changed hands. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. Product sales amounted to $1.95 million. All rights reserved. You can even use them to improve solar panel efficiency. meta materials special dividend So is using them to deice and defog Lidar cameras on self-driving vehicles. It all happens at the free AI Super Summit. Is Meta Materials's dividend stable? More likely than not, a continued move to lower prices. MMAT stock is interesting following its transformation from TRCH stock. 2023 Meta Materials Inc. All rights reserved. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. You can use them for many applications. 2023 Meta Materials Inc. 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. 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.. History; The Team; Investment; Label Solutions -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. It looks like you aren't allowed to do that. 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. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Accordingly, readers should not place undue reliance on any forward-looking statements or information. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Meta Materials (NASDAQ: MMAT) does not pay a dividend. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META provided an update on the Company's oil and gas assets and operations. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. The company closed its merger with Torchlight Energy Resources. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. 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. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. 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. With many applications for its technology, the company has big opportunities across many sectors. Senior Vice President The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. No forward-looking statement can be guaranteed. News that the deal was at a close came on Friday from Torchlight Energy Resources. 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. 1125 N. Charles St, Baltimore, MD 21201. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. It may be able to turn its technology into high levels of growth in the coming years. Integrous Communications This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. Sign up below to get this incredible offer! Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. You will get early access to the daily stock alerts and also the weekly watchlist. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. MMAT News. 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). META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. MMAT MMTLP Metamaterials Special Dividend update. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. You can take a look at all of these stories at the links below! Vice President, Corporate Development and Communications But now, that trends come and gone once again. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The merger also resulted in leadership changes for the two companies. This is my toughest video so far and am aware that not all investors will agree with the questions but I think it is important to present them. Those who got in near or at its split-adjusted high of $10.88 per share? 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.

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