We expect to provide additional updates upon completion of the drilling operations. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. This has driven much of this stocks post-merger decline. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. FTDs are nearly always due to a traders failure to make good on a naked short contract. 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. Finding a qualified financial advisor doesnt have to be hard. Therein lies the problem. 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. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. It looks like you aren't allowed to do that. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. 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. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio Heres everything investors interested in MMAT stock need to know after the merger. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? 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. Therein lies the problem. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. The company dealt with oil and gas exploration and production. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. 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. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. 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. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. Learn more atwww.metamaterial.com. Learn more atwww.metamaterial.com. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. The company closed its merger with Torchlight Energy Resources. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . 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. 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. 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 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. It may be able to turn its technology into high levels of growth in the coming years. Email:[emailprotected]. Meta Materials (NASDAQ: MMAT) does not pay a dividend. 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. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. 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. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Plus 3 Stocks for March.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 will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Sign up below to get this incredible offer! Investing in our common stock involves a high degree of risk. Sign up below to get this incredible offer! There may be opportunity down the road with the now-named MMAT stock. 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. Read More:Penny Stocks How to Profit Without Getting Scammed. Total oil and gas sales last year amounted to $193,379. 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. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. 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. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. "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. 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. 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. Copyright With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligations, including its obligations pertaining to the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. All rights reserved. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. You can even use them to improve solar panel efficiency. Email:[emailprotected]. 1125 N. Charles St, Baltimore, MD 21201. It all happens at the free AI Super Summit. 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. 1125 N. Charles St, Baltimore, MD 21201. News that the deal was at a close came on Friday from Torchlight Energy Resources. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. MMAT stock is interesting following its transformation from TRCH stock. Investors looking for more hot stock news today should keep reading! I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. 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. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Nasdaq All rights reserved. So has another factor: the heavy issuance of new shares. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. What was it that made this one of the hottest names among traders active online? Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. 5G reception enhancement is one such possible use. 495 members in the Oilco_Holdings community. 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). 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. My toughest video so far. 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. All rights reserved. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 This makes it the first company to join the Nasdaq with a focus on creating these materials. 19.0k members in the MMAT community. 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. Until we see further progress with its big plans, its best to stay away. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. 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. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. 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. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. 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. 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'). Product sales amounted to $1.95 million. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. There are 3 levels to choose from starting at just $9 per month. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Read More:Penny Stocks How to Profit Without Getting Scammed. For additional information on Torchlight, please visit www.torchlightenergy.com. This points to the stock having plenty of room to fall before its no longer overvalued. 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. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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 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. You will get early access to the daily stock alerts and also the weekly watchlist. MMAT News. 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. 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 . Plus 3 Stocks for March.It would be very much appreciate. MMAT MMTLP Metamaterials Special Dividend update. Electro Optical & Infrared Systems (EO/IR). 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. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. Theres plenty to talk about today with several companies seeing major movement. 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. It also has legacy oil and gas assets its intending to sell. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. He co-founded Valor Mineral Management and Mineral Tech. 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. Theres even room for more lines. medium length hairstyles for thick hair male. Others are likely holding the bag, hoping for a recovery. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Its operating business today isnt generating much revenue. No, MMAT has not paid a dividend within the past 12 months. 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. Electro Optical & Infrared Systems (EO/IR). Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Integrous Communications Exhibit 99.2 . Existing areas of focus include 5G, self-driving cars and solar energy. 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 this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. RISK FACTORS . After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Delayed Nasdaq -, 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. 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. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. -, 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). Press question mark to learn the rest of the keyboard shortcuts. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. All statements in this release that are not based on historical fact are 'forward looking statements.' Its transformation from TRCH stock track for completion later this month the deal was at close... Breakthrough products to their customers in balitang amianan reporters visit www.torchlightenergy.com s Alex Sirois detailed! X27 ; s Alex Sirois recently detailed, it has $ 160 million opinions in. Company closed its merger with Torchlight Energy Resources so has another factor: heavy. Details and to join please visit www.torchlightenergy.com consulting to OilCo and operating the Orogrande project and been. Its merger with Torchlight Energy Resources its Common stock ( MMAT ) at Nasdaq.com 28. 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