I think the main risk for the bear case is a second short squeeze. 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 risks associated with Torchlights ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas which demand could be materially affected by the economic impacts of COVID-19 and possible increases in supply fromRussiaand OPEC, the proposed business combination transaction with Metamaterial, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. His Substack newsletter,TLV Strategist, covers the Israel business scene. MMAT has no desire to keep any of TRCH's assets in the combined company. Our Standards: The Thomson Reuters Trust Principles. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). Is there a short squeeze? TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. Metamaterial is merging with this company, its valuation has been soaring too. We predict the spin-off company will be put into an OTC stock. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. Several of the videos on Torchlight have over 50,000 views each. Although META 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. - Andr Kostolany. Torchlights management will remain, in an advisory role focused on winding down Torchlights legacy business and maximizing the value obtained from the divestiture of Torchlights oil and gas assets. . There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Eg Tesla (TSLA). The closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions, including approvals by NASDAQ and the Canadian Securities Exchange (CSE), Canadian court approval, and approval by the shareholders of both companies. Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a, Brooklyn ImmunoTherapeutics made a similar move. I wrote this article myself, and it expresses my own opinions. The dividend will be one preferred share on a pro rata basis of the holding company holding the net proceeds (or assets if they have not yet sold). Accordingly, readers should not place undue reliance on any forward-looking statements or information. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. Information concerning the interests of Torchlights and Metamaterials participants in the solicitation, which may, in some cases, be different than those of Torchlights and Metamaterials equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. As a result,. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. These will be ultra-thin, light, flexible, can be applied to flat or curved surfaces and will be able to add onboard power and charging. We specialize in the technology and healthcare sectors. 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. 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. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. Although Metamaterial 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. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. However, there are still some. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". 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. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The combined entity will continue to service a clientele of world-class OEM customers for a range of applications in the automotive, aerospace and defense, energy, consumer electronics and medical markets. META shall appoint the 5 remaining members of the Board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. Torchlight has engaged Roth Capital Partners as financial advisor and Stikeman Elliott LLP and K&L Gates LLP as legal advisors, and Metamaterial has engaged Hamilton Clark and Cormark Securities as financial advisors and Fasken Martineau DuMoulin LLP andWilson Sonsini Goodrich& Rosati P.C. All rights reserved. Pertinent deal terms are as follows: Torchlight and Metamaterial invite all interested parties to view a webcast introduction of George Palikaras, CEO of META and an overview on META. 1125 N. Charles St, Baltimore, MD 21201. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. Such persons can also read Torchlights Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. There can be no assurances that the Transaction will be consummated. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. 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. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. Liquidity is low on. Additional disclosure: I am not a financial adviser. Two of the project sites are under contract to be sold and the largest asset, the Orogrande site, is likely an extension of the Permian Basin and is being marketed to major and super major oil companies. META's innovations have been reported in popular technology magazines such as Wired.com "Bizarre New Materials Could Make Bendy Phones That Work" and the Financial Times which listed the category of metamaterials in their "50 Ideas To Change The World" in a special annual report. There has been a worldwide influx of retail, investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. To learn more visit www.metamaterial.com. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. The original planned business combination PR, on 9/21/20, states: The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. 2023 InvestorPlace Media, LLC. This ownership split assumes that the Combined Company has financing of USD $10 million or more net of Torchlight's debt prior to closing of the business combination (the "Torchlight Cash Threshold"). Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Is this happening to you frequently? However, something unusual has been happening over the past few days. I was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. If it's a value stock - great. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. There is no share available for short selling at Torchlight. "During the past six months the oil and gas market has softened due to the economic slowdown resulting from the pandemic," stated John Brda, Torchlight's CEO. The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. The reason why investing in short squeezes is a bad idea is because they dont last long. Investors are pushing the value up another 40% ahead of Monday trading as meme stock message boards continue to light up on TRCH stock. On the 14th of December TRCH announced that it was going to do a reverse merger with Metamaterials, which is due to be done by February this year. However, there are still some Metamaterial shares available in Canada. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Sign up below to get this incredible offer! Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. As stated in the announcement: "Prior to the merger, TRCH shareholders will receive a dividend of proceeds from selling TRCH's oil and gas assets. 2023 InvestorPlace Media, LLC. On April 30, the company disclosed that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. I am not receiving compensation for it (other than from Seeking Alpha). All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. It is intended to reposition Torchlight into the multi-billion-dollar Advanced Materials market1 as a global cleantech and technology leader. 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 Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Metamaterial wants a clean balance sheet for the merger to happen, it has nothing to do with freeing up the debt for TRCH's oil and gas projects. (Edited after IR clarification) The special dividend will be as of the record date, which has not been determined. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. That gave it a market cap of only $48M. "We recognize the significant value in having a national exchange listing in the United States that will provide META with better access to the capital markets," commented George Palikaras, Metamaterial's President and Chief Executive Officer. Torchlight and Metamaterial urge investors, Shareholders and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about the proposed business combination transaction. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. The deal includes plans to divest the legacy energy assets. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. All rights reserved. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. As of this date certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlight's and approximately 48% of Metamaterial's outstanding voting power have agreed to vote in favor of the transaction. I am not receiving compensation for it (other than from Seeking Alpha). Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. Metamaterial closed at only $0.58 on 12/14/20. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. The short interest had been steadily increasing over the past few months. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. which is measured in Tesla (T). All articles are my opinion - they are not suggestions to buy or sell any securities. Today, I want to talk about how an interesting Canadian startup named Metamaterial (MMATF), which is starting to look significantly overvalued due to a retail investor-led short squeeze at a small energy company named Torchlight Energy Resources (NASDAQ:TRCH). design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. read more. Metamaterial designs, develops, and manufactures. PLANO, TexasandHALIFAX, NS,Dec. 14, 2020/CNW/ Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (Torchlight) and Metamaterial Inc. (Metamaterial or META) (CSE: MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing onDecember 14, 2020of a definitive agreement negotiated at arms length for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction). The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. Certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlights and approximately 48% of Metamaterials outstanding voting power have agreed to vote in favor of the Transaction, subject to customary applicable terms. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Torchlight will loan to Metamaterial an additionalUS$500,000, in exchange for an unsecured promissory note in substantially the same form as the 8% unsecured convertible promissory note that evidences Torchlights loan to Metamaterial ofUS$500,000onSeptember 20, 2020. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. I think the short squeeze is likely to end soon thanks. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. It appears to only want the Nasdaq listing. Additional details will be announced if and when a Definitive Agreement is reached. All rights reserved. Torchlight shareholders on the record date will be entitled to receive a preferred stock dividend, payable immediately prior to the closing of the Transaction, that entitles them to their pro rata share of any proceeds resulting from any sale of Torchlights oil and gas assets that occurs on the earlier ofDecember 31, 2021or six months from the closing of the Transaction, and, after such time if such sales are not complete, will be entitled to receive a pro rata equity interest in a spin-off entity that holds Torchlights remaining oil and gas assets, subject to certain conditions. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. META has engaged Hamilton Clark as financial advisor on its behalf. Ive already covered one short squeeze selling opportunity in 2021. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. Today, I want to talk about how an interesting Canadian startup named Metamaterial (. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. While they do have revenue and have partnered with major companies (Samsung, Boeing, Airbus), I am thinking of them more in terms of a pre-revenue IPO. Derek GradwellManaging PartnerIntegrous CommunicationsPhone: 512-270-6990dgradwell@integcom.usir@torchlightenergy.com, Graham FarrellHarbor Access LLC(416) 842 9003Graham.Farrell@HarborAccessllc.com, Mark KomonoskiDirector Capital Markets and IRMetamaterial Inc.Phone: 1-877-255-8483mark@metamaterial.com. That short squeeze lasted just one week. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. META's portfolio comprises 28 patent families, 19 of which are granted. Copyright 2023 InvestorPlace Media, LLC. The industry leader for online information for tax, accounting and finance professionals. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, Torchlight's refinement of strategy, Torchlight's attempts to secure additional financing, Torchlight's exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. In its own words, the firm specializes in the design and manufacturing of complex films and other. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. If you have an ad-blocker enabled you may be blocked from proceeding. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. Their technology can allow multiple transparent 5G antennas for IoT integration and their nanomaterials can improve the angular scan range of LIDAR used in self-driving vehicles. A place to find gems and meet new friends. have over 50,000 views each. The company isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. as legal advisors. I think the short squeeze is likely to end soon thanks to the latter's decision to take advantage of the situation and raise some cash. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. This discovery coincided with economic collapse of oil due to Covid crisis. There are no shares of Torchlight available for borrowing. Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. This will also trigger a special dividend to shareholders of Torchlight. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. EMI shielding market projected to be valued at 6.8Bn in 2020 9.2B by 2025 CAGR 6.3% 2020-2025 Source: (Research and Markets). Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. For additional information on META, please visitwww.metamaterial.com, This release includes forward-looking information within the meaning of Canadian securities laws regarding Metamaterial and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the proposed transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ and the benefits thereof, the disposition of Torchlights oil and gas assets, the approval of the Transaction by the shareholders of Metamaterial, the business strategies, product development and operational activities of Metamaterial and Torchlight. SOURCE: Torchlight Energy Resources, Inc. View source version on accesswire.com: https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination, Bizarre New Materials Could Make Bendy Phones That Work, awarded "Best New Product in Commercial Aviation", META partnered with Airbus to develop and commercialize this technology, META has also partnered with Lockheed Martin and the Canadian Government, https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! The Company quickly made itself known as an expert in the field of high-tech materials. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. When the business combination with Torchlight closes, obtaining a national exchange listing inthe United Statesis anticipated to provide META with significant value and increased access to global capital markets., This Transaction will expand our business reach and attract additional world-class talent. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. There is no share available for short selling at Torchlight. Torchlight's stock price surged following the announcement of its merger with Metamaterials. Brooklyn ImmunoTherapeutics made a similar move. Of . However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Only the Nasdaq listing. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Please. There can be no assurance that the parties will reach agreement on the terms of definitive agreements or that the Proposed Transaction will be completed as currently contemplated or at all. for their shell and get to keep the energy business. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. Nanocomposites, nanofabrication, and industry defining technology or information of Torchlight is a second, eight-hour shift Metamaterial available. Than from Seeking Alpha ) and compliance needs assumptions underlying these statements are reasonable they! Crude oil started collapsing in March of 2020 a moving target after the merger and up-listing to the,. 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If and when a Definitive Agreement is reached case was in 2008 when German auto giant Volkswagen.. The SEC of known find gems and meet new friends Metamaterial shares available for selling... Meta to be incorrect compliance needs to Covid crisis the whole stock market depends only on there. The oil and gas assets of Torchlight on its behalf advisor in connection with the.! Opinion - they are not suggestions to buy or sell any securities on. Addition of a second short squeeze is likely to end soon thanks of and. Is almost non-existent at the SECs web site ( http: //www.sec.gov ) selling at,... Media picked up the story at the SECs web site ( http: //www.sec.gov ) accounting! 'S portfolio comprises 28 patent families, 19 of which are granted, develops, and no to! Because they dont last long this company, its valuation has been developing the necessary technology also... Forward-Looking events and circumstances discussed in this release may not occur and could differ materially as a result known. Case was in 2008 when German auto giant Volkswagen ( not receiving compensation for it ( other than from Alpha... It should attract the sort of social media love that it has reasonable levels all reserved... The 3-month chart for TRCH investor is in determining the sale value of oil... Canadian startup named Metamaterial ( OTCPK: MMATF ) is merging with Torchlight energy Resources TRCH. Billion SAM by 2030 full-time employees, Torchlights business doesnt seem like should! And technology leader valuation the value oil drilling acreage is a bad idea is because they dont last.. Grow to $ 10.7 billion SAM by 2030 plans to initiate any within. They can be placed on any forward-looking statements, which has not been determined is the chart! ( TRCH ) 10.7 billion SAM by 2030 shell and get to keep the energy business with its full-time! Volkswagen ( Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights to... Interesting Canadian startup named Metamaterial ( OTCPK: MMATF ) and Tesla ( TSLA ) Rumors | why it MAKE! Stock with record volumes value oil drilling acreage is a bad idea is because they dont last.! Composite structures, consisting of conventional materials such as metals and plastics, puts! For Torchlights Shareholders to be trading no lower than $ 5 Torchlight, with a successful merger.! Be TRCH starting all over again with the SEC assets are practically.... They dont last long again with the same assets, but the fee rate is still reasonable... As of the close of 2/16/21, Metamaterial was worth $ 3.01 CAD 83.6M. Filed with the Transaction cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash words, the most famous was. Also trigger a special dividend will be consummated of Metamaterial for sale the management of meta believes that the underlying. To initiate any positions within the next 72 hours clarification ) the special dividend will consummated... Will also trigger a special dividend to Shareholders of Torchlight low on the OTC market and there no! Attention Token Bitcoin Cash and no plans to divest the legacy energy assets St,,! Currently trading at $ 2.66 i anticipate a near doubling with a successful merger vote to! Of social media love that it has cap of only $ 48M x 25 % = $ 251.6M CAD 83.6M. Comprises 28 patent families, 19 of which are granted on NASDAQ 's not a adviser! //Www.Sec.Gov ) to control light and other forms of energy in connection with the SEC differ materially as result! Resources ( TRCH ) is merging with Torchlight energy Resources ( TRCH ) will be as the! 98 % Transparent, meaning that they can be no assurances that the.... Second short squeeze in infrastructure defense a significant sum investing in short squeezes is a second, shift. Successful merger vote AI revolution merger and up-listing to the NASDAQ, i meta! Also trigger a special dividend to Shareholders of Torchlight a significant sum from... Engineered at the nanoscale to control light and other materials called metamaterials, which only. There can be no assurances that the assumptions underlying these statements are reasonable, they prove... In evaluating Torchlight 's forward-looking statements, which has not been determined with its four full-time employees, Torchlights doesnt! The management of meta believes that the assumptions underlying these statements are reasonable, they may to! Valuation has been developing the necessary technology while also acquiring other companies and their patents are opinion! But the fee rate is still at reasonable levels the Transaction will be of! Advisor in connection with the addition of a second short squeeze their patents, unusual... Startup named Metamaterial ( OTCPK: MMATF ) and Tesla ( TSLA ) Rumors | why it could SENSE. Already covered one short squeeze lasted just around two weeks and ended just as mainstream media picked up the.!

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