Sign up below to get this incredible offer! Its operating business today isnt generating much revenue. This sell-off will likely carry on, at least until its past meme stock status fully goes away. 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#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. 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. My toughest video so far. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. We expect to provide additional updates upon completion of the drilling operations. 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. No, MMAT has not paid a dividend within the past 12 months. (RTTNews) - Shares of BayWa AG (BYWG) were gaining around 2 percent in the early morning trading in Germany after the operator in the agriculture, building materials and energy sectors reported . Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. The company had sold its last reserves in November. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. 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. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. This points to the stock having plenty of room to fall before its no longer overvalued. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. 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. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, 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, What Is the Best Growth Stock to Buy Now? For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. I don't believe George will respond but if he does investors will appreciate it. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. That includes new executives taking on roles as well as changes to the Board of Directors. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? All rights reserved. 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. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. As of this writing, more than 12 million shares of the stock have changed hands. 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. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. The merger also resulted in leadership changes for the two companies. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. 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. MMAT stock was down 19% as of Monday morning . For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. All statements in this release that are not based on historical fact are 'forward looking statements.' Copyright 2023 ACCESSWIRE. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. It also has legacy oil and gas assets its intending to sell. It all happens at the free AI Super Summit. Sponsored: Find a Qualified Financial Advisor. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. 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.. Copyright 2023 InvestorPlace Media, LLC. All rights reserved. Total oil and gas sales last year amounted to $193,379. Copyright 2023 InvestorPlace Media, LLC. The purpose of each video will be to boost your potential gains in the stock market. 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. Create an account to follow your favorite communities and start taking part in conversations. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. If Meta Materials is pricey now, whats a reasonable valuation? 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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 . 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. MMAT MMTLP Metamaterials Special Dividend update. 1125 N. Charles St, Baltimore, MD 21201. 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. 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. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Until we see further progress with its big plans, its best to stay away. Hold off, as its sell-off is likely far from over. Theres even room for more lines. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. MMAT MMTLP Metamaterials Special Dividend. Electro Optical & Infrared Systems (EO/IR). 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. 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. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 1125 N. Charles St, Baltimore, MD 21201. As part of the report might have been widely recognized, including being a! 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