He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer and Asset Manager of the Appalachian North and Utica Business Units. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. How High Can the Supreme Court Take SOFI Stock? But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. 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. 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. 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. "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. Some likely got out early enough to cut their losses. The company had sold its last reserves in November. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Learn more atwww.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. All rights reserved. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. You can even use them to improve solar panel efficiency. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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. The Company engaged an auditor on March 21, 2022 to conduct the audit. For additional information on Torchlight, please visit www.torchlightenergy.com. 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 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). As many as 148 million FTD shares of Meta are said to be outstanding. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . The purpose of each video will be to boost your potential gains in the stock market. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Copyright 2023 InvestorPlace Media, LLC. 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. 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. 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. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Accordingly, readers should not place undue reliance on any forward-looking statements or information. It all happens at the free AI Super Summit. Investors looking for more hot stock news today should keep reading! Read More:Penny Stocks How to Profit Without Getting Scammed. Heres everything investors interested in MMAT stock need to know after the merger. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? 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. 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'). Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 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. A recovery isnt likely to happen any time soon. Electro Optical & Infrared Systems (EO/IR). 36 votes, 18 comments. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The company also reported long-term lease liabilities of $1.15 million. 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. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. 19.0k members in the MMAT community. Theres plenty here that could excite investors once again. This has driven much of this stocks post-merger decline. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio SOURCE: Torchlight Energy Resources, Inc. Meta Materials (NASDAQ: MMAT) does not pay a dividend. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. What is Meta Materials's Dividend Payment Date? MMAT stock remains inflated. 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.. 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. But now, that trends come and gone once again. 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. Investing in our common stock involves a high degree of risk. You can take a look at all of these stories at the links below! We expect to provide additional updates upon completion of the drilling operations. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . It looks like you aren't allowed to do that. Plus 3 Stocks for March.It would be very much appreciate. The merger also resulted in leadership changes for the two companies. 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. Mostly, its potential as a short-squeeze play. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. 2023 Meta Materials Inc. All rights reserved. 5 BIG Questions for George. 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. 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? 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. 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