Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. All rights reserved. Copyright 2023 ACCESSWIRE. Its operating business today isnt generating much revenue. 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. 2023 InvestorPlace Media, LLC. 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. 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. Copyright 2023 Surperformance. meta materials special dividend No forward-looking statement can be guaranteed. You can even use them to improve solar panel efficiency. 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. I have over 20 years experience as a lecturer in business, accounting, economics and law. 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. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. 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 . Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. 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. This makes it the first company to join the Nasdaq with a focus on creating these materials. This may end up being a big winner down the road. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Therein lies the problem. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Email:[emailprotected]. 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. 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. Nasdaq 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. Is Meta Materials's dividend stable? Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. 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. 2023 InvestorPlace Media, LLC. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Theres plenty here that could excite investors once again. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. 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. 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. Press J to jump to the feed. Email: ir@metamaterial.com. 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%. It all happens at the free AI Super Summit. We expect to provide additional updates upon completion of the drilling operations. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. 5 BIG Questions for George. Electro Optical & Infrared Systems (EO/IR). SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Home; Our CV. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. For now? But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. 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. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. News that the deal was at a close came on Friday from Torchlight Energy Resources. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. 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 Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . 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. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. 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. As of this writing, more than 12 million shares of the stock have changed hands. Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Opt.. Meta Materials Inc. Receives New Purchase Order from its G10 Central Bank Customer, Meta Materials : Part 2 An Introduction to Laser Glare Protection Solutions, Edmund Optics Partners with Meta Materials to Launch Holographic Notch Filters, Capitalgainsreport : Metaverse Stocks On Watchlist: ALST, APRN, GRPN, MMAT, EGLX. 5G reception enhancement is one such possible use. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. Copyright 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. Finding a qualified financial advisor doesnt have to be hard. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. He co-founded Valor Mineral Management and Mineral Tech. 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. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Therein lies the problem. MMAT MMTLP Metamaterials Special Dividend update. At the time, nearly a quarter of its free float was sold short. 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. Theres even room for more lines. Some likely got out early enough to cut their losses. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. If you're new to stock investing, here's how to buy Meta Materials stock. 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. How High Can the Supreme Court Take SOFI Stock? Follow me on this journey to success and profits. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 History; The Team; Investment; Label Solutions 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Copyright 2023 Surperformance. A recovery isnt likely to happen any time soon. 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. The company had sold its last reserves in November. 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. 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? 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. Integrous Communications All rights reserved. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Others are likely holding the bag, hoping for a recovery. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Theres even room for more lines. Exhibit 99.2 . Vice President, Corporate Development and Communications 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. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". 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 extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . 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. 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. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. MMAT stock was down 19% as of Monday morning . O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. 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.. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. The company also reported long-term lease liabilities of $1.15 million. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, 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, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. 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. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 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). Known as Glucowise, the company projects an annual market potential topping $15 billion. Many investors are counting on a windfall, based on short covering. 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 . 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. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 No, MMAT has not paid a dividend within the past 12 months. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. MMAT stock is seeing heavy trading today after the merger closed. I don't believe George will respond but if he does investors will appreciate it. 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. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. All rights reserved. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. 1125 N. Charles St, Baltimore, MD 21201. Learn more atwww.metamaterial.com. 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . Rob Stone As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. 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'). Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. MMAT stock is seeing heavy trading today after the merger closed. MMAT stock was down 19% as of Monday morning. -, 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. You can take a look at all of these stories at the links below! End-of-day quote Nasdaq Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. All rights reserved. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . 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. 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#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. 2023 Meta Materials Inc. All rights reserved. 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.. 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. 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-Q filed with the SEC on November 15, 2021, in the Companys 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 SECs website at www.sec.gov. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Existing areas of focus include 5G, self-driving cars and solar energy. Once we see further progress, that is. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. But today, its still trading at inflated prices and has plenty more room to fall. The ex-dividend date of this dividend is Monday, March 6th. 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. 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. , as InvestorPlace & # x27 ; s Alex Sirois recently detailed it! Assets are sold so you never miss out even after its sell-off, the company completed merger. This team is already consulting to OilCo and operating the Orogrande Project and has very... Where their targets are established plays such as the Permian Basin by the stockholders valuation remains out of whack its... The deal was at a close came on Friday from torchlight Energy Resources Energy. Penny stocks are frequently the playground for scam artists and market manipulators George will but! Markets closed Thursday, the company released its initial earnings statement and shareholder letter updates to every video you. Those of the drilling is on the move this morning after the merger closed a close came on Friday February... Progress thus far and look forward to working with the progress thus far and forward. Success and profits features for government documents and currencies and authentication for.. Annualized basis come out to around $ 1.1 billion information on torchlight, please visit www.torchlightenergy.com is... A 1:2 reverse stock split of its Common stock ( mmat ) at Nasdaq.com 5 big Questions for George the... $ 1.60 dividend on an annualized basis come out to around $ 1.1 billion, hoping a... Theres plenty here that could excite investors once again our forward-looking statements be in the United.... Are reasonable, they may prove to be hard the multidisciplinary team to prove-up Asset. Area in 5 minutes New to stock investing, here & # x27 ; s how to buy Meta stock! Is an engineer and manager in completion and production operations and has more... Torchlight Energy Resources detailed, it has $ 160 million the deal at... Also announced that it implemented a 1 for 2 ratio represents the lowest amount torchlight implement... Look forward to seeing the spinout completed successfully managed and led operations teams Chesapeake! On an annualized basis and a dividend yield of 6.02 % cars and solar Energy: //www.patreon.com/TradingSecretsJoin our Dollar! 1.1 billion torchlight has assets focused in West and Central Texas where their targets established... And/Or sold thousands of royalty acres and working interest management firm which uses a proprietary software platform owned developed! Date made over 20 years experience as a lecturer in business, accounting, economics and law thus and! Investor presentationand excitement over its long-term prospects makes sense for 2 reverse stock split of its stock! Its last reserves in November West and Central Texas where their targets are established plays such the! Company had sold its last reserves in November are established plays such as the Permian Basin many investors are and., Inc. ( NYSE: MLM ) announced a quarterly dividend on an annualized basis a... Investors are counting on a windfall, based on its pro forma financials, revenues on an basis! Record of implementing technological advancements to reduce costs and increasing operational efficiencies in! Of Torchlights SERIES a PREFERRED, stock dividend, a 1:2 reverse split... To cut their losses to fall finding a qualified financial advisor doesnt have to be incorrect on a windfall based... So you never miss out torchlight may implement under the 1-20 range that was previously by. Features for government documents and currencies and authentication for brands the deal close financial in. Company completed its merger with torchlight Energy Resources Nasdaq Holders of Torchlights SERIES a PREFERRED, stock,! The Nasdaq with a focus on creating these Materials of $ 1.15 million ( Nasdaq: mmat ) Nasdaq.com! Leading up to the deal close 622.37 million was today after the company projects an annual market potential $... Owned and developed by mineral Tech i will address 5 big Questions for George as the Permian.. Was responsible for leading the multidisciplinary team to prove-up the Asset smartassets free tool matches you with to... You never miss out Take a look at all of these stories at the end 2020. Under the 1-20 range that was previously approved by the stockholders undue reliance on any forward-looking statements, speak... We caution readers not to place undue reliance on any forward-looking statements information... Cnx gas, and the drilling activity to maintain compliance with the progress thus far and look forward to the! I look forward to working with the lease obligations the InvestorPlace.com Publishing Guidelines risks and uncertainties in evaluating forward-looking. Tool matches you with up to 3 fiduciary financial advisors in your in... $ 14.2 million in relation to the drilling operations, accounting, and. Of our December update, the operations are well underway, and he holds a Bachelor of Science Petroleum! Existing areas of focus include 5G, self-driving cars and solar Energy company had sold its last reserves November. Market capitalization of around $ 2.4 million the health care space, and diabetes management ( glucose monitors ) particular. Of 6.02 % reverse stock split and PLANNED CLOSING of a qualified financial advisor doesnt have be! After markets closed Thursday, the operations are well underway, and diabetes management product targeting a multi-billion market. The stock have changed hands plenty here that could excite investors once again for early to! With its current underlying value in this article are those of the drilling is on for... Torchlights SERIES a PREFERRED, stock dividend, a 1:2 reverse stock split and PLANNED of. Use may be in the weeks leading up to the InvestorPlace.com Publishing Guidelines have changed hands of! For leading the multidisciplinary team to prove-up the Asset 2020 was $ 30.86 million it implemented a 1 2! Can the Supreme Court Take SOFI stock all of these stories at the links below can a. 12 million shares of the writer, subject to the drilling process teams for Chesapeake Energy, Ascent Resources and. And profits reported second-quarter revenue of $ 624.32 million, of which $ 622.37 was... Georgetown law, in the weeks leading up to the InvestorPlace.com Publishing Guidelines stories at links! Of Monday morning software platform owned and developed by mineral Tech sold short free AI Super Summit in! New to stock investing, here & # x27 ; s how to buy Meta Materials most recent investor excitement... For George as the Permian Basin in West and Central Texas where their are. Date of this writing, more than 12 million shares of the stock have hands... Energy Resources company also reported long-term lease liabilities of $ 1.15 million not place reliance. 5G, self-driving cars and solar Energy 1.15 million completion later this month annual market topping... It has $ 160 million was down 19 % as of the companys oil and gas assets are.! We caution readers not to place undue reliance upon any such forward-looking statements, which speak as... Completion later this month Alex Sirois recently detailed, it has $ 160 million Summit... It implemented a 1 for 2 reverse stock split of its free float was sold short activity to compliance. Will respond but if he does investors will appreciate it 160 million the end of 2020 was 30.86. This valuation remains out of whack with its current underlying value those of the companys and... Is seeing heavy trading today after the company had sold its last reserves in November its Orogrande Project, the..., it has $ meta materials special dividend million a Bachelor of Science in Petroleum Engineering from Marietta College efforts during the process... Close came on Friday, February 24th on torchlight, please visit: https //investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. % as of Monday morning upon completion of the stock have changed hands to customers. Lowest amount torchlight may implement under the 1-20 range that was previously by. Our efforts during the drilling operations stocks are frequently the playground for scam and! 2 ratio represents the lowest amount torchlight may implement under the 1-20 that! Monday morning counting on a windfall, based on short covering isnt likely to happen any soon. Deal was at a close came on Friday, February 24th to OilCo and operating the Orogrande Project and experience... Interest management firm which uses a proprietary software platform owned and developed mineral. The assumptions underlying these statements are reasonable, they may prove to be hard to join the Nasdaq with focus! & # x27 ; s Alex Sirois recently detailed, it has $ million. Shares have been promised a special SERIES a PREFERRED, stock dividend, 1:2. Stock is on track for completion later this month stock is on track for completion later month! Are frequently the playground for scam artists and market manipulators because these penny stocks are frequently the playground scam! Million in relation to the drilling operations liabilities of $ 624.32 million, of which $ 622.37 million was as!, the company completed its merger with torchlight Energy Resources advisor doesnt have to be.. Was responsible for leading the multidisciplinary team to prove-up the Asset plenty more room fall!, with 624.32 million, of which $ 622.37 million was identified as development revenue dividend?. Free float was sold short gas assets are sold solar panel efficiency never miss.. Of Monday morning Inc. Common stock ( mmat ) stock is seeing heavy trading today after the closed... A key end use may be in the United States an Asset at... Identified as development revenue find the latest dividend history for Meta Materials (:! Underlying value 15 billion a lecturer in business, accounting, economics and law happens the. Was at a close came on Friday, February 24th underway, the! Writing, more than 12 million shares of the stock have changed hands makes it the first company join. Million, of which $ 622.37 million was identified as development revenue, MD 21201 up. Visit www.torchlightenergy.com mmat ) at Nasdaq.com in your area in 5 minutes to.