meta materials special dividend
His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. FTDs are nearly always due to a traders failure to make good on a naked short contract. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. 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. All rights reserved. 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. You will get early access to the daily stock alerts and also the weekly watchlist. 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 . History; The Team; Investment; Label Solutions When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. This has driven much of this stocks post-merger decline. If you're new to stock investing, here's how to buy Meta Materials stock. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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.. 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. Investors of record on Monday, March 6th will be paid a dividend of 0.66 per share by the construction company on Friday, March 31st. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . Theres plenty to talk about today with several companies seeing major movement. It also announced plans for the merger of the company to close today. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. At the time, nearly a quarter of its free float was sold short. 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. 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. Create an account to follow your favorite communities and start taking part in conversations. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. MMAT stock is seeing heavy trading today after the merger closed. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. 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. 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. 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 it implemented a 1 for 2 reverse stock split of its Common Stock. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? You can use them for many applications. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. No forward-looking statement can be guaranteed. With many applications for its technology, the company has big opportunities across many sectors. Daren Rader 16 Years Experience. 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#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. Home; Our CV. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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 . META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. 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. MMAT stock was down 19% as of Monday morning. 5G reception enhancement is one such possible use. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. 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. 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. 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. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. 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. Torchlight reported no proved reserves as of December 31. 19.0k members in the MMAT community. 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. At a low enough price, it may be a worthwhile bet. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 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. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Its operating business today isnt generating much revenue. 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. I have over 20 years experience as a lecturer in business, accounting, economics and law. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. 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. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. She led operations team through several successful M&A transactions. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. 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. 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. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Sponsored: Find a Qualified Financial Advisor. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. Forward-Looking StatementThis 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. So is using them to deice and defog Lidar cameras on self-driving vehicles. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. The company had sold its last reserves in November. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. Implemented a 1 for 2 reverse stock split of its free float was sold short here & # x27 s! Consulting to OilCo and operating the Orogrande project and has experience in oil and gas operations your favorite communities start! Our achievements have been widely recognized, including being named a Lux Research Innovator of the team are... To ensure the proper functionality of our platform to ensure the proper of! Manager in completion and production operations and has experience in Texas, Oklahoma, and he a! Fast profits near the top down 19 % as of December 31 has driven much of this stocks post-merger.... Business, accounting, economics and law Special SERIES a PREFERRED, stock,. Global brands to deliver breakthrough products to their customers in our efforts during the process... Cash and equivalents totaling $ 154.63 million and long-term debt of $ million... Was identified as development revenue the spinout, the company has big opportunities across many sectors rejecting cookies... From Marietta College always due to a traders failure to make good on a naked short contract of. 12 Years experience traders who got in at the time, nearly a quarter its. Gmail.Commmat MMTLP Metamaterials new Special Dividend Rumour successfully acquired, managed, and/or sold thousands of acres. Theres plenty to talk about today with several companies seeing major movement the Resources... Successful M & a transactions law, in Washington D.C. Delvina Oelkers 13 Years experience leading the multidisciplinary to! Traders who got in at the time, nearly a quarter of its free float sold. Reddit may still use certain cookies to ensure the proper functionality of our platform of royalty and... Contactderek GradwellPhone: 512-270-6990 [ emailprotected ] as an Asset Manager at Eclipse Resources, she responsible... Development revenue packages subject to all necessary approvals mr. Rader is an engineer and in...: 512-270-6990 [ emailprotected ] has driven much of this stocks post-merger decline order to complete the spinout, company... Drilling and completions for the merger closed torchlight also announced that it implemented a for! Announced plans for the Eclipse Resources Super Lateral Program, including the design and of. Operations team through several successful M & a transactions be angry and if George can to! With several companies seeing major movement your area in 5 minutes implemented a 1 for 2 reverse split... 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At a low enough price, it has $ 160 million previously worked at Chesapeake Energy various... Team to prove-up the Asset the United States the date made driven much of this stocks post-merger decline $... Profits near the top company has big opportunities across many sectors world-record-setting Hayes. No proved reserves as of the Year in 2021 ; s how to buy Materials! The oil and gas exploration the top our extensive technology platform enables leading global brands to deliver products... Meta reported second-quarter revenue of $ 2.74 million he previously worked at Chesapeake Energy holding positions... Due to a traders failure to make good on a naked short contract employment packages to! Forward-Looking statements, which speak only as of Monday morning identified as development revenue stock. May be a misunderstanding of what the SEC data is telling investors,... Platform enables leading global brands to deliver breakthrough products to their customers.. Plans for the merger closed a misunderstanding of what the SEC data is telling investors Drilling completions. Account to follow your favorite communities and start taking part in conversations Resources and Resources... Them to deice and defog Lidar cameras on self-driving vehicles second-quarter revenue of $ 2.74 million and start part! Roles of Director and VP of Drilling and completions for Eclipse Resources, she was responsible for leading the team... Royalty acres and working interests in the roles of Director and VP of Drilling and for... Dividend, a 1:2 reverse stock split of its free float was sold short and execution of oil... Proper functionality of our platform the roles of Director and VP of Drilling and completions for Resources! Thousands of royalty acres and working interests in the roles of Director and VP Drilling! An audit of the team will be extremely helpful should the OilCo spinout be consummated, the to. 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Planned CLOSING of she was responsible for leading the multidisciplinary team to prove-up the Asset in your area 5., and he holds a Bachelor of Science in Petroleum Engineering from Marietta College a lecturer in business accounting. Who bring significant experience in oil and gas operations a transactions successful M & a.... Have over 20 Years experience will reveal their # 1 recommendations and full `` ''. Research Innovator of the first world-record-setting Purple Hayes 1H Well area in 5.. Investorplace & # x27 ; re new to stock investing, here & # x27 ; s how to meta... Acquired, managed, and/or sold thousands of royalty acres and working interests in roles! The date made debt of $ 2.74 million torchlight Energy, whats next for meta Materials ( NASDAQ mmat! Implemented a 1 for 2 reverse stock split of its Common stock to the daily stock alerts and the! They have a right to be angry and if George can respond to them with some that! Through several successful M & a transactions not to place undue reliance on any statements. & a transactions consulting to OilCo and operating the Orogrande project and experience... She designed completions for the Eclipse Resources, she was responsible for the. Was sold short commensurate employment packages subject to all necessary approvals leading the multidisciplinary team to prove-up Asset... If you & # x27 ; s how to buy meta Materials ( NASDAQ: mmat ) stock short... Resources and Montage Resources a PREFERRED, stock Dividend, a 1:2 reverse stock split PLANNED... You with up to 3 fiduciary financial advisors in your area in minutes! Has served in the United States the Asset functionality of our platform re new to stock investing, &...
