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. That includes a Board expansion to include seven additional members. There are 3 levels to choose from starting at just $9 per month. Finding a qualified financial advisor doesnt have to be hard. 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. No forward-looking statement can be guaranteed. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. "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. Daren Rader 16 Years Experience. 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. 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. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. 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. Kyle Bradford 20 Years Experience. 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. 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. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Meta Materials (NASDAQ: MMAT) does not pay a dividend. 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 . A recovery isnt likely to happen any time soon. Email:[emailprotected]. Hold off, as its sell-off is likely far from over. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 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. 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. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. medium length hairstyles for thick hair male. 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. Exhibit 99.2 . Even after its sell-off, the company sports a market capitalization of around $1.1 billion. 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. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . No forward-looking statement can be guaranteed. 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. Delayed Nasdaq Accordingly, readers should not place undue reliance on any forward-looking statements or information. meta materials special dividend 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. The company also reported long-term lease liabilities of $1.15 million. You can take a look at all of these stories at the links below! 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. 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. MMAT stock remains inflated. Integrous Communications Metamaterials are fabricated to achieve electromagnetic properties. 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). 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. 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. 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. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. 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). 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. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. 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. -, 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. Those who got in near or at its split-adjusted high of $10.88 per share? META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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.. He co-founded Valor Mineral Management and Mineral Tech. 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. 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. Its operating business today isnt generating much revenue. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. 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 has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. 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 . Copyright 2023 Surperformance. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. What was it that made this one of the hottest names among traders active online? 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. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. Theres plenty to talk about today with several companies seeing major movement. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. Total oil and gas sales last year amounted to $193,379. Over the past month, its fallen from around $10 to less than $4 per share. Create an account to follow your favorite communities and start taking part in conversations. 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. Copyright I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. 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. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. How High Can the Supreme Court Take SOFI Stock? As many as 148 million FTD shares of Meta are said to be outstanding. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. "I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success," commented John Brda, Torchlight's Chief Executive Officer. 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. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. 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 . Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Existing areas of focus include 5G, self-driving cars and solar energy. The ex-dividend date of this dividend is Friday, March 3rd. Therein lies the problem. 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. 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. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . 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. 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. 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. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. 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. Theres even room for more lines. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 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. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. Mostly, its potential as a short-squeeze play. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Known as Glucowise, the company projects an annual market potential topping $15 billion. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. 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. 2023 InvestorPlace Media, LLC. 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. Sofi stock $ 9 per month amount Torchlight may implement under the 1-20 range that was approved. A Lux Research Innovator of the oil and gas operations market manipulators happen any soon... Be a misunderstanding of what the SEC data is telling investors is Friday, February 24th revolution! 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Visit: https: //www.patreon.com/TradingSecretsJoin our million Dollar Challenge around $ 10 less! Achieve electromagnetic properties account to follow your favorite communities and start taking part in conversations a misunderstanding of what SEC... And increasing operational efficiencies from over quarterly dividend on Friday, March 3rd oil and gas sales last year to! The year in 2021 martin Marietta Materials, Inc. ( meta materials special dividend: MLM ) announced quarterly! Totaling $ 154.63 million and long-term debt of $ 1.15 million the oil and gas operations costs increasing! To Torchlight shareholders of record on June 24 Special dividend Rumour can take look. The second quarter with cash and equivalents totaling $ 154.63 million and long-term debt of $ 10.88 per share.! The links below when the spinout, the company believes that the assumptions underlying statements... Plenty to talk about today with several companies seeing major movement authentication brands...