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'). 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. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Copyright Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. I don't believe George will respond but if he does investors will appreciate it. All statements in this release that are not based on historical fact are 'forward looking statements.' MMAT stock was down 19% as of Monday morning . Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. 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. 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 . MMAT stock was down 19% as of Monday morning. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. Read More:Penny Stocks How to Profit Without Getting Scammed. This makes it the first company to join the Nasdaq with a focus on creating these materials. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. 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. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. 1125 N. Charles St, Baltimore, MD 21201. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. Phone: 1-877-255-8483 Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. 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). He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. 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. 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). 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. 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. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. 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 . Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC All statements in this release that are not based on historical fact are 'forward looking statements.' The Company engaged an auditor on March 21, 2022 to conduct the audit. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. Theres plenty here that could excite investors once again. 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%. I have over 20 years experience as a lecturer in business, accounting, economics and law. Electro Optical & Infrared Systems (EO/IR). View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). Therein lies the problem. If Meta Materials is pricey now, whats a reasonable valuation? As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Press question mark to learn the rest of the keyboard shortcuts. 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. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. Follow me on this journey to success and profits. meta materials special dividend The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. It may be able to turn its technology into high levels of growth in the coming years. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. 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. 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. 1125 N. Charles St, Baltimore, MD 21201. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Many investors are counting on a windfall, based on short covering. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. 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.". Over the past month, its fallen from around $10 to less than $4 per share. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. MMAT stock is seeing heavy trading today after the merger closed. 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. 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. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. 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. You can even use them to improve solar panel efficiency. For now, still in its early stages, this potential is more than accounted for in its share price. 1125 N. Charles St, Baltimore, MD 21201. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. 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. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Mostly, its potential as a short-squeeze play. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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 . Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. 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. We expect to provide additional updates upon completion of the drilling 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. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. Accordingly, readers should not place undue reliance on any forward-looking statements or information. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. It also announced plans for the merger of the company to close today. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . 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. Finding a qualified financial advisor doesnt have to be hard. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Details of the initial proposal can be seen below. 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. Sponsored: Find a Qualified Financial Advisor. The company dealt with oil and gas exploration and production. Copyright 2023 Surperformance. Meta Materials Inc. Mark Komonoski It looks like you aren't allowed to do that. The company had sold its last reserves in November. 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. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. There may be opportunity down the road with the now-named MMAT stock. Hold off, as its sell-off is likely far from over. The purpose of each video will be to boost your potential gains in the stock market. Heres everything investors interested in MMAT stock need to know after the merger. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Exhibit 99.2 . 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. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. N. Charles St, Baltimore, MD 21201 quarterly dividend on Friday, February.... Energy, Ascent Resources, and he holds a Bachelor of Science in Petroleum Engineering Marietta. 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Hope to build a community of traders to help each other increase wealth dividend history for meta Inc.... The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet,!
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