Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. 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. 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. 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.. 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. Read More:Penny Stocks How to Profit Without Getting Scammed. He is also an attorney, licensed to practice law in the State of Texas. 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. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Copyright 2023 Surperformance. 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#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. All statements in this release that are not based on historical fact are 'forward looking statements.' 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. This may end up being a big winner down the road. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. This points to the stock having plenty of room to fall before its no longer overvalued. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. There may be opportunity down the road with the now-named MMAT stock. Forward-Looking StatementThis 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. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. 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. It all happens at the free AI Super Summit. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . Over the past month, its fallen from around $10 to less than $4 per share. 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. 1125 N. Charles St, Baltimore, MD 21201. The company also reported long-term lease liabilities of $1.15 million. History; The Team; Investment; Label Solutions Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. 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. 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. 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. Copyright 2023 Surperformance. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. 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. Learn more atwww.metamaterial.com. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. 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. 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. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Follow me on this journey to success and profits. Details of the initial proposal can be seen below. Product sales amounted to $1.95 million. Email:[emailprotected]. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Sign up below to get this incredible offer! 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. Electro Optical & Infrared Systems (EO/IR). Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. MMAT stock is seeing heavy trading today after the merger closed. 5G reception enhancement is one such possible use. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. There are 3 levels to choose from. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. Others are likely holding the bag, hoping for a recovery. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. 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. 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 . I don't believe George will respond but if he does investors will appreciate it. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. 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. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Heres everything investors interested in MMAT stock need to know after the merger. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. 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