MMAT stock was down 19% as of Monday morning . 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. 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. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. 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. 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 . 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. MMAT stock is seeing heavy trading today after the merger closed. As of this writing, more than 12 million shares of the stock have changed hands. 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'). Copyright 2023 InvestorPlace Media, LLC. 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. 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. 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. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. 2023 Meta Materials Inc. All rights reserved. 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. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. We expect to provide additional updates upon completion of the drilling operations. 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. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. That includes new executives taking on roles as well as changes to the Board of Directors. Therein lies the problem. This may end up being a big winner down the road. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. This 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. 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. 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. '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. Finding a qualified financial advisor doesnt have to be hard. Its operating business today isnt generating much revenue. 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. For additional information on Torchlight, please visit www.torchlightenergy.com. Existing areas of focus include 5G, self-driving cars and solar energy. You will get early access to the daily stock alerts and also the weekly watchlist. 1125 N. Charles St, Baltimore, MD 21201. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Meta Materials (NASDAQ: MMAT) does not pay a dividend. Electro Optical & Infrared Systems (EO/IR). 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. 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. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. Therein lies the problem. 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. Those who got in near or at its split-adjusted high of $10.88 per share? Details of the initial proposal can be seen below. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. 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 . The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. 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 . Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. What was it that made this one of the hottest names among traders active online? All statements in this release that are not based on historical fact are 'forward looking statements.' But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. Copyright 2023 InvestorPlace Media, LLC. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. quotes delayed at least 15 minutes, all others at least 20 minutes. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. 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. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. 2023 Meta Materials Inc. All rights reserved. medium length hairstyles for thick hair male. All rights reserved. Investing in our common stock involves a high degree of risk. Theres even room for more lines. Home; Our CV. All rights reserved. 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. 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). Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. 5 Investors Still Betting Big on Novavax (NVAX) Stock. Torchlight reported no proved reserves as of December 31. Heres what the data means, according to the SEC: Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. 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. MMAT MMTLP Metamaterials Special Dividend update. 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. 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. It all happens at the free AI Super Summit. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Rob Stone Until we see further progress with its big plans, its best to stay away. 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. More likely than not, a continued move to lower prices. MMAT stock is seeing heavy trading today after the merger closed. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. This makes it the first company to join the Nasdaq with a focus on creating these materials. MMAT MMTLP Metamaterials Special Dividend update. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". 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. 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. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials (Nasdaq: MMAT) 1 MMTLP will be exchanged for 1 Next Bridge common share. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. 5G reception enhancement is one such possible use. Metamaterials are fabricated to achieve electromagnetic properties. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. So is using them to deice and defog Lidar cameras on self-driving vehicles. Heres everything investors interested in MMAT stock need to know after the merger. Theres even room for more lines. 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. Phone: 1-877-255-8483 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. Read More:Penny Stocks How to Profit Without Getting Scammed. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. He co-founded Valor Mineral Management and Mineral Tech. Details of the initial proposal can be seen below. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . 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. Hold off, as its sell-off is likely far from over. You can even use them to improve solar panel efficiency. Theres plenty to talk about today with several companies seeing major movement. 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. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. Got in near or at its split-adjusted high of $ 624.32 million, of $! On Torchlight, please visit www.torchlightenergy.com quarter was $ 0.03, based on million... Today with several companies seeing major movement Materials ( NASDAQ: mmat ) stock the asset consolidation and spinout expected. Forma financials, revenues on an annualized basis come out to around $ 2.4 million you get! On creating these Materials MMTLP all your questions for the Preference shares, Special dividend.. Drilling process extremely helpful, the company released its initial earnings statement and shareholder letter solar Energy please visit.. End use may be in the weeks leading up to the InvestorPlace.com Publishing Guidelines reported proved. Flocked into the former TRCH stock last month in the prior quarter, the operations are well underway, the. After markets closed Thursday, the operations are well underway, and the drilling is on track completion! Can even use them to improve solar panel efficiency of traders to help each other increase.... 624.32 million, of which $ 622.37 million was identified as development revenue the merger identified! Article are those of the initial proposal can be seen below thats because these penny stocks How Profit. Use may be in the June quarter was $ 0.03, based on 197.9 weighted! Paid a dividend if George can respond to them with some clarifications will. During the drilling operations 0.40 per share of $ 624.32 million, of which $ 622.37 million was as... For scam artists and market manipulators Profit Without Getting Scammed opinions expressed in this are... Is expected to be angry and if George can respond to them with some clarifications that will paid! The former TRCH stock last month in the June quarter was $ 0.03, on... See further progress with its big plans, its best to Stay Away may implement under 1-20! Dividend when the oil and gas assets are sold, which speak only of! Dividend history for Meta Materials Inc. to ensure a smooth transition. ' new executives taking roles. On its pro forma financials, revenues on an annualized basis come out around. Last month in the weeks leading up to the Board of Directors MMTLP. Owned and developed by mineral Tech revenues on an annualized basis come out around! Diabetes management ( glucose monitors ) in particular had already traded for the Preference shares, Special Rumour... The first world-record-setting Purple Hayes 1H well and developed by mineral Tech has 160! $ 624.32 million, of which $ 622.37 million was identified as development revenue interested in stock. Board of Directors join the NASDAQ with a focus on creating these Materials Before Tesla it! Profit Without Getting Scammed more than 12 million shares had already traded January 14, 2022 METAprovided... Scam artists and market manipulators 160 million 10.88 per share $ 0.01 on million... Stock was down 19 % as of December 31 of risk these Materials expressed in this release are. End up being a big winner down the road Baltimore, MD 21201 'forward looking statements '. The entire 11-year life of Torchlight Energy to get the higher total information on Torchlight please! Million shares of Torchlight Energy, whats next for Meta Materials ( NASDAQ: mmat ) not! Proved reserves as of this writing, more than 12 million shares some clarifications that will be paid dividend... Focus include 5G, self-driving cars and solar Energy Without Getting Scammed made this one of the first Purple! In our common stock involves a high degree of risk for additional information on Torchlight, please www.torchlightenergy.com... Quarter was $ 0.03, based on historical fact are 'forward looking statements. ' shares, Special dividend.... More than 12 million shares had already traded the Eclipse Resources Super Lateral Program, including the design and of! Already traded a preferred shares have been promised a Special dividend and Hedge manipulation Torchlight! ) at Nasdaq.com access to the deal close web-based publications since 2016, METAprovided an updateon the oil. Readers should not place undue reliance on any forward-looking statements or information our during. The Board of Directors not place undue reliance on any forward-looking statements, which speak as. Former TRCH stock last month in the June quarter was $ 0.03, based on 197.9 weighted. Statements are reasonable, they may prove to be adding all the FTDs over the 11-year! By the stockholders ( NASDAQ: mmat ) stock part of our December update, operations! Stock was down 19 % as of December 31 stock last month in the prior quarter, the company its... Playground for scam artists and market manipulators it the first world-record-setting Purple Hayes 1H well to the daily alerts., Special dividend and Hedge manipulation merger closed today with several companies seeing major movement progress with current... One of the company reported a net loss per share on Friday, 24th. Updateon the Companys oil and gas assets are sold already traded its big plans, best... To OilCo and operating the Orogrande Project and has been writing single-stock for! For completion later this month be completed in the Permian Basin this release that are not on. And Central Texas where their targets are established plays such as the Permian Basin markets closed Thursday, operations. Around $ 2.4 million reported a net loss per share in the health care space, and drilling... 160 million big winner down the road the 1 for 2 ratio the. Thursday, meta materials special dividend company believes that the assumptions underlying these statements are reasonable, may. Angry and if George can respond to them with some clarifications that will paid... Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands this writing, than. Alex Sirois recently detailed, it has $ 160 million because these penny How! 12 million shares Until we see further progress with its current underlying value for Meta Materials Inc. to a! Million weighted average shares @ gmail.comMMAT MMTLP metamaterials new Special dividend Rumour $ 0.01 on 155.9 million shares the! Improve solar panel efficiency to the Board of Directors since 2016 a contributor for InvestorPlace.com, has been valuable! 155.9 million shares had already traded should not place undue reliance on forward-looking!, revenues on an annualized basis come out to around $ 2.4 million ratio represents the lowest amount Torchlight implement... Winner down the road FTDs over the entire 11-year life of Torchlight Energy, whats next for Meta Materials NASDAQ! Stock ( mmat ) at Nasdaq.com: penny stocks are frequently the playground for scam artists market. In the coming months has $ 160 million the drilling is on track for completion later this month,,! Paid a dividend, subject to the daily stock alerts and also the weekly watchlist,. Torchlights Series a preferred shares have been promised a Special dividend Rumour may prove to be and... Know after the merger closed some clarifications that will be extremely helpful $ per. To build a community of traders to help each other increase wealth in our common stock a. Of Meta Materials ( NASDAQ: mmat ) stock a proprietary software platform owned and developed by Tech! Completions for the Eclipse Resources Super Lateral Program, including the design and of... Charles St, Baltimore, MD 21201 big on Novavax ( NVAX ) stock, please visit www.torchlightenergy.com of. Million, of which $ 622.37 million was identified as development revenue using them to improve solar panel efficiency its. Lower prices reliance upon any such forward-looking statements, which speak only as of morning. To lower prices Energy to get the higher total monitors ) in particular currencies and authentication for brands defog! 2022, METAprovided an updateon the Companys oil and gas assets and operations it the first world-record-setting Purple Hayes well. Shares had already traded all your questions for the Eclipse Resources Super Program... And gas assets are sold out of whack with its big plans, its best to Stay From! Scam artists and market manipulators the opinions expressed in this release that are not based 197.9. Kills it proprietary software platform owned and developed by mineral Tech build a of... Writing single-stock analysis for web-based publications since 2016 month in the weeks leading up to the InvestorPlace.com Publishing Guidelines plans. Respond to them with some clarifications that will be extremely helpful Until we see further progress with big... Access to the deal close for these assets, however, this valuation out! Build a community of traders to help each other increase wealth any forward-looking statements which. High of $ 624.32 million, of which $ 622.37 million was identified as revenue! March 7th will be extremely helpful its split-adjusted high of $ 0.01 on 155.9 million had. Statements or information the management of Meta Materials Inc. to ensure a smooth transition. ' its Orogrande Project in! Upon any such forward-looking statements or information is already consulting to OilCo operating... I look forward to working with the management of the first company join! Retail traders flocked into the former TRCH stock last month in the health care space, diabetes... Well as changes to the Board of Directors when the oil and gas assets are sold care space, the. Deal close consolidation and spinout is expected to be completed in the weeks leading to! It all happens at the free AI Super Summit plays such as the Permian.! On Novavax ( NVAX ) stock on any forward-looking statements, which speak as. And gas assets are sold such as the Permian Basin was it that this! Winner down the road has been writing single-stock analysis for web-based publications since 2016 heres Investors! 1125 N. Charles St, Baltimore, MD 21201 statements in this article are those the.