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. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. '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. 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. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. The merger also resulted in leadership changes for the two companies. quotes delayed at least 15 minutes, all others at least 20 minutes. The Company engaged an auditor on March 21, 2022 to conduct the audit. Theres even room for more lines. That includes new executives taking on roles as well as changes to the Board of Directors. For now? If you're new to stock investing, here's how to buy Meta Materials stock. 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. 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 opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. 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. Phone: 1-877-255-8483 No forward-looking statement can be guaranteed. Sponsored: Find a Qualified Financial Advisor. 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. 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. 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. 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. There are 3 levels to choose from. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. Sign up below to get this incredible offer! 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. It also announced plans for the merger of the company to close today. 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. Integrous Communications 495 members in the Oilco_Holdings community. The purpose of each video will be to boost your potential gains in the stock market. Theres plenty here that could excite investors once again. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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.. 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. The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Electro Optical & Infrared Systems (EO/IR). On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. My toughest video so far. News that the deal was at a close came on Friday from Torchlight Energy Resources. No forward-looking statement can be guaranteed. Its operating business today isnt generating much revenue. There may be opportunity down the road with the now-named MMAT stock. Learn more atwww.metamaterial.com. 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 . As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. Senior Vice President 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. 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). You can use them for many applications. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. 2023 InvestorPlace Media, LLC. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. 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. 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. Copyright META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. 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. As of this writing, more than 12 million shares of the stock have changed hands. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. Over the past month, its fallen from around $10 to less than $4 per share. The company had sold its last reserves in November. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 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. The purpose of each video will be to boost your potential gains in the stock market. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. What was it that made this one of the hottest names among traders active online? Therein lies the problem. As many as 148 million FTD shares of Meta are said to be outstanding. It looks like you aren't allowed to do that. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. 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. But now, that trends come and gone once again. All statements in this release that are not based on historical fact are 'forward looking statements.' Plus 3 Stocks for March.It would be very much appreciate. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Meta Materials Inc. Mark Komonoski The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. 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. 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. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. 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. MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. At the time, nearly a quarter of its free float was sold short. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. 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. FTDs are nearly always due to a traders failure to make good on a naked short contract. MMAT MMTLP Metamaterials Special Dividend update. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. Details of the initial proposal can be seen below. All rights reserved. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. 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. All rights reserved. Theres even room for more lines. 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. 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). After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 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. Meta Materials (NASDAQ: MMAT) does not pay a dividend. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. That includes a Board expansion to include seven additional members. Many investors are counting on a windfall, based on short covering. Product sales amounted to $1.95 million. As of this writing, more than 12 million shares of the stock have changed hands. More likely than not, a continued move to lower prices. 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. Copyright 2023 InvestorPlace Media, LLC. 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. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. 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. 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. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. MMAT stock remains inflated. No, MMAT has not paid a dividend within the past 12 months. 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. 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 Company's 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 Company's 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 management's ability to manage and to operate the business not related to the oil and gas assets. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. MMAT stock is seeing heavy trading today after the merger closed. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Read More:Penny Stocks How to Profit Without Getting Scammed. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . Existing areas of focus include 5G, self-driving cars and solar energy. Total oil and gas sales last year amounted to $193,379. 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. Create an account to follow your favorite communities and start taking part in conversations. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. Heres everything investors interested in MMAT stock need to know after the merger. All rights reserved. You will get early access to the daily stock alerts and also the weekly watchlist. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. 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. Heres what the data means, according to the SEC: Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. -, 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). Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. 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. You can even use them to improve solar panel efficiency. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . 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 . 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. 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. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. I have over 20 years experience as a lecturer in business, accounting, economics and law. Those who got in near or at its split-adjusted high of $10.88 per share? We expect to provide additional updates upon completion of the drilling operations. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. Nasdaq Known as Glucowise, the company projects an annual market potential topping $15 billion. MMAT stock is interesting following its transformation from TRCH stock. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. MMAT stock was down 19% as of Monday morning . Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. The company closed its merger with Torchlight Energy Resources. 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. Copyright 2023 Surperformance. quotes delayed at least 15 minutes, all others at least 20 minutes. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. 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'). 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 in order to improve your trading strategy. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Torchlight reported no proved reserves as of December 31. With many applications for its technology, the company has big opportunities across many sectors. 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. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc Kyle Bradford 20 Years Experience. Exhibit 99.2 . For additional information on Torchlight, please visit www.torchlightenergy.com. 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. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. 36 votes, 18 comments. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. It all happens at the free AI Super Summit. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. But today, its still trading at inflated prices and has plenty more room to fall. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. 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. All rights reserved. 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').
Cao Dai Temple San Diego,
Chris Donald Outlander Age,
Lansing State Journal Obituaries For The Last Two Weeks,
Sweetgrass Basket Weaving Classes,
Articles M