5 BIG Questions for George. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. 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. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Sign up below to get this incredible offer! Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Investing in our common stock involves a high degree of risk. 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. Press J to jump to the feed. Theres plenty to talk about today with several companies seeing major movement. 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. "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. Finding a qualified financial advisor doesnt have to be hard. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. All rights reserved. No forward-looking statement can be guaranteed. 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. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . 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. 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%. 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. It also announced plans for the merger of the company to close today. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. You can use them for many applications. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. MMAT stock remains inflated. Copyright Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. This sell-off will likely carry on, at least until its past meme stock status fully goes away. It may be able to turn its technology into high levels of growth in the coming years. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Once we see further progress, that is. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . How High Can the Supreme Court Take SOFI Stock? 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.". At the time, nearly a quarter of its free float was sold short. A recovery isnt likely to happen any time soon. Torchlight reported no proved reserves as of December 31. 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. -, 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). No forward-looking statement can be guaranteed. 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. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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. 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. As many as 148 million FTD shares of Meta are said to be outstanding. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . 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. 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. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. The Company engaged an auditor on March 21, 2022 to conduct the audit. The merger also resulted in leadership changes for the two companies. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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 . In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. It all happens at the free AI Super Summit. Mostly, its potential as a short-squeeze play. 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 InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Lorem ipsum dolor sit amet, consectetur adipiscing elit. All rights reserved. So is using them to deice and defog Lidar cameras on self-driving vehicles. Electro Optical & Infrared Systems (EO/IR). 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. This points to the stock having plenty of room to fall before its no longer overvalued. 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. The purpose of each video will be to boost your potential gains in the stock market. If Meta Materials is pricey now, whats a reasonable valuation? MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. He co-founded Valor Mineral Management and Mineral Tech. 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. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. Copyright 2023 InvestorPlace Media, LLC. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC 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. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 2023 Meta Materials Inc. All rights reserved. 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. Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Opera.. Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalm.. Meta Materials Inc. : Other Events, Financial Statements and Exhibits (form 8-K). 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 company also reported long-term lease liabilities of $1.15 million. 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. Learn more at www.metamaterial.com. 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. 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 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. 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. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. 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. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. 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. There can be no assurance that the OilCo will be successful in securing necessary financing or that expenses incurred to date will be repaid to META. Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials (Nasdaq: MMAT) 1 MMTLP will be exchanged for 1 Next Bridge common share. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. 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. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. 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 Companys 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 Companys 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 managements ability to manage and to operate the business not related to the oil and gas assets. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock?

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