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 OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. No forward-looking statement can be guaranteed. 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. 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. All rights reserved. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Plus 3 Stocks for March.It would be very much appreciate. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. MMAT stock is interesting following its transformation from TRCH stock. No forward-looking statement can be guaranteed. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. But now, that trends come and gone once again. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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. All rights reserved. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Press J to jump to the feed. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. The company dealt with oil and gas exploration and production. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. 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 . 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. Copyright 2023 InvestorPlace Media, LLC. This may end up being a big winner down the road. For now, still in its early stages, this potential is more than accounted for in its share price. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. As many as 148 million FTD shares of Meta are said to be outstanding. Product sales amounted to $1.95 million. It may be able to turn its technology into high levels of growth in the coming years. Meta Materials Inc. Mark Komonoski If you're new to stock investing, here's how to buy Meta Materials stock. 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. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and would like some of their concerns addressed. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. 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. 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. 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. 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. Follow me on this journey to success and profits. 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. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. What was it that made this one of the hottest names among traders active online? 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. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. Commencing on June 28, 2021 Torchlight's name will be changed to "Meta Materials Inc." and its common stock will begin trading on NASDAQ under the ticker symbol "MMAT.". Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 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 . TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. The purpose of each video will be to boost your potential gains in the stock market. FTDs are nearly always due to a traders failure to make good on a naked short contract. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. 495 members in the Oilco_Holdings community. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. 1125 N. Charles St, Baltimore, MD 21201. 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. You can even use them to improve solar panel efficiency. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 News that the deal was at a close came on Friday from Torchlight Energy Resources. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. 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. Investors looking for more hot stock news today should keep reading! Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. Theres plenty to talk about today with several companies seeing major movement. History; The Team; Investment; Label Solutions Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. 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.. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. All rights reserved. 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. Many investors are counting on a windfall, based on short covering. 2023 Meta Materials Inc. All rights reserved. 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). Sign up below to get this incredible offer! Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Home; Our CV. 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 . Meta Materials (NASDAQ: MMAT) does not pay a dividend. "We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined Company. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. Is Meta Materials's dividend stable? We expect to provide additional updates upon completion of the drilling operations. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. MMAT MMTLP Metamaterials Special Dividend. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Learn more atwww.metamaterial.com. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. This has driven much of this stocks post-merger decline. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. The merger also resulted in leadership changes for the two companies. He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer and Asset Manager of the Appalachian North and Utica Business Units. 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. He is also an attorney, licensed to practice law in the State of Texas. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. 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