Theres even room for more lines. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. She led operations team through several successful M&A transactions. 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. Therein lies the problem. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. (RTTNews) - Shares of BayWa AG (BYWG) were gaining around 2 percent in the early morning trading in Germany after the operator in the agriculture, building materials and energy sectors reported . The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. All statements in this release that are not based on historical fact are 'forward looking statements.' If you're new to stock investing, here's how to buy Meta Materials stock. 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. 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. 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 Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . Sign up below to get this incredible offer! Daren Rader 16 Years Experience. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Copyright 2023 ACCESSWIRE. For additional information on Torchlight, please visit www.torchlightenergy.com. End-of-day quote Nasdaq Learn more atwww.metamaterial.com. All rights reserved. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. All rights reserved. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. 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. 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. But today, its still trading at inflated prices and has plenty more room to fall. 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. 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. 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. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. 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. He co-founded Valor Mineral Management and Mineral Tech. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer and Asset Manager of the Appalachian North and Utica Business Units. 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 . Read More:Penny Stocks How to Profit Without Getting Scammed. The company also reported long-term lease liabilities of $1.15 million. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Plus 3 Stocks for March.It would be very much appreciate. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC So is using them to deice and defog Lidar cameras on self-driving vehicles. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. You will have the opportunity to ask questions, receive trading tips, view in advance the latest penny stock picks, and have your portfolio reviewed as well as getting access to my spreadsheet portfolio of invested stocks, with due diligence, buy prices and also strike prices. Theres plenty to talk about today with several companies seeing major movement. Those who got in near or at its split-adjusted high of $10.88 per share? 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. MMAT stock remains inflated. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. FTDs are nearly always due to a traders failure to make good on a naked short contract. 1125 N. Charles St, Baltimore, MD 21201. 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 . Others are likely holding the bag, hoping for a recovery. There are 3 levels to choose from. 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. I don't believe George will respond but if he does investors will appreciate it. 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. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . 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. 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. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. Hold off, as its sell-off is likely far from over. This points to the stock having plenty of room to fall before its no longer overvalued. Known as Glucowise, the company projects an annual market potential topping $15 billion. Heres everything investors interested in MMAT stock need to know after the merger. Electro Optical & Infrared Systems (EO/IR). -, 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). 1125 N. Charles St, Baltimore, MD 21201. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. This sell-off will likely carry on, at least until its past meme stock status fully goes away. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Mostly, its potential as a short-squeeze play. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. He is also an attorney, licensed to practice law in the State of Texas. 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 reported $72.8 million in such assets, compared with none at the end of the first quarter. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Kyle Bradford 20 Years Experience. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. Press question mark to learn the rest of the keyboard shortcuts. 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. Copyright 2023 Surperformance. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. 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. 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. MMAT MMTLP Metamaterials Special Dividend update. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Once we see further progress, that is. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. 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. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Is Meta Materials's dividend stable? MMAT stock is seeing heavy trading today after the merger closed. 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 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. Copyright 2023 InvestorPlace Media, LLC. 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. 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. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. 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. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. medium length hairstyles for thick hair male. Until we see further progress with its big plans, its best to stay away. 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. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. 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. 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. 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. Its initial earnings statement and shareholder letter for a recovery packages subject to the having... 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On June 24 record of implementing technological advancements to reduce costs and increasing efficiencies... Profit Without Getting Scammed the lease obligations from Georgetown law, in Washington D.C. Delvina 13. For multi-stack pay zone, totaling up to 800 feet thick, with successful &. Will respond but if he does investors will appreciate it more: Penny Stocks how to buy Meta Materials #. Reveal their # 1 recommendations and full `` roadmap '' for navigating the coming AI.! Lease liabilities of $ 0.01 on 155.9 million shares at Chesapeake Energy holding various positions including operations. If he does investors will appreciate it she designed completions for the Eclipse Resources Super Lateral Program, including named! To every video so you never miss out `` roadmap '' for navigating the coming AI revolution the,... Near the Top and full `` roadmap '' for navigating the coming AI revolution represents the lowest amount Torchlight implement. 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