There are 3 levels to choose from starting at just $9 per month. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Meta Materials (NASDAQ: MMAT) does not pay a dividend. 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 . Senior Vice President It looks like you aren't allowed to do that. I don't believe George will respond but if he does investors will appreciate it. Existing areas of focus include 5G, self-driving cars and solar 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. 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 . TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. 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. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. The company had sold its last reserves in November. 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. Theres even room for more lines. 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. Learn more at www.metamaterial.com. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. All statements in this release that are not based on historical fact are 'forward looking statements.' Until we see further progress with its big plans, its best to stay away. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. 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. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. Daren Rader 16 Years Experience. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Follow me on this journey to success and profits. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. 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. My toughest video so far. 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. Meta Materials Inc. Mark Komonoski He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. 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. You will get early access to the daily stock alerts and also the weekly watchlist. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the plans regarding METAs oil and gas assets and its operations. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. MMAT MMTLP Metamaterials Special Dividend update. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. 1125 N. Charles St, Baltimore, MD 21201. 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. Vice President, Corporate Development and Communications Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. She led operations team through several successful M&A transactions. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. For now? Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 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. Copyright 2023 Surperformance. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. I have over 20 years experience as a lecturer in business, accounting, economics and law. Over the past month, its fallen from around $10 to less than $4 per share. SOURCE: Torchlight Energy Resources, Inc. Therein lies the problem. 5 Investors Still Betting Big on Novavax (NVAX) Stock. -, 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). A recovery isnt likely to happen any time soon. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. Theres plenty to talk about today with several companies seeing major movement. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. All rights reserved. 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 opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. Mostly, its potential as a short-squeeze play. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. 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. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. 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 next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. 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. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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. Kyle Bradford 20 Years Experience. Copyright 2023 InvestorPlace Media, LLC. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. Others are likely holding the bag, hoping for a recovery. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Sign up below to get this incredible offer! Known as Glucowise, the company projects an annual market potential topping $15 billion. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". Its operating business today isnt generating much revenue. As of this writing, more than 12 million shares of the stock have changed hands. 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. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. quotes delayed at least 15 minutes, all others at least 20 minutes. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Details of the initial proposal can be seen below. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. All rights reserved. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. What is Meta Materials's Dividend Payment Date? MMAT stock is interesting following its transformation from TRCH 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. All rights reserved. Total oil and gas sales last year amounted to $193,379. So has another factor: the heavy issuance of new shares. 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). 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). Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. 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. Therein lies the problem. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. 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. Many investors are counting on a windfall, based on short covering. MMAT stock is seeing heavy trading today after the merger closed. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. He is also an attorney, licensed to practice law in the State of Texas. Accordingly, readers should not place undue reliance on any forward-looking statements or information. This points to the stock having plenty of room to fall before its no longer overvalued. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. 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. 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. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. The ex-dividend date of this dividend is Monday, March 6th. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. There may be opportunity down the road with the now-named MMAT stock. But today, its still trading at inflated prices and has plenty more room to fall. All rights reserved. Press question mark to learn the rest of the keyboard shortcuts. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. 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. Is able to cash out for fast profits near the top the of! Release that are not based on historical fact are 'forward looking statements. 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The roles of Director and VP of Drilling and completions for Eclipse Resources Super Lateral Program, including being a... Smartassets free tool matches you with up to 3 fiduciary financial advisors in area! Roles of Director and VP of Drilling and completions for Eclipse Resources and Montage Resources on January 14 2022!
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