Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. 36 votes, 18 comments. More likely than not, a continued move to lower prices. Copyright 2023 Surperformance. Therein lies the problem. 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. 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. Sponsored: Find a Qualified Financial Advisor. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. At a low enough price, it may be a worthwhile bet. 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. For now? Sign up below to get this incredible offer! Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". 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. 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. 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. This points to the stock having plenty of room to fall before its no longer overvalued. MMAT News. 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). 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. 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.. 1125 N. Charles St, Baltimore, MD 21201. If you're new to stock investing, here's how to buy Meta Materials stock. 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. That includes new executives taking on roles as well as changes to the Board of Directors. The merger also resulted in leadership changes for the two companies. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. MMAT stock was down 19% as of Monday morning . All rights reserved. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. 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. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Copyright 2023 ACCESSWIRE. Electro Optical & Infrared Systems (EO/IR). Press question mark to learn the rest of the keyboard shortcuts. Product sales amounted to $1.95 million. 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. The Company's 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. 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. No forward-looking statement can be guaranteed. 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. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. But now, that trends come and gone once again. You can use them for many applications. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. Delayed Nasdaq This sell-off will likely carry on, at least until its past meme stock status fully goes away. Known as Glucowise, the company projects an annual market potential topping $15 billion. MMAT stock remains inflated. 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. Until we see further progress with its big plans, its best to stay 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#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. 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. '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. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. We expect to provide additional updates upon completion of the drilling operations. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. You can take a look at all of these stories at the links below! You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC Sign up below to get this incredible offer! Vice President, Corporate Development and Communications MMAT MMTLP Metamaterials Special Dividend update. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, 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. What was it that made this one of the hottest names among traders active online? About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. No forward-looking statement can be guaranteed. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. It looks like you aren't allowed to do that. The company dealt with oil and gas exploration and production. 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. 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. 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. 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. 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. meta materials special dividend 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.. 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 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. But today, its still trading at inflated prices and has plenty more room to fall. 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. medium length hairstyles for thick hair male. So has another factor: the heavy issuance of new shares. A recovery isnt likely to happen any time soon. 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. 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. All rights reserved. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 5 Investors Still Betting Big on Novavax (NVAX) Stock. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. Is Meta Materials's dividend stable? 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. She led operations team through several successful M&A transactions. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. 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. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. At the time, nearly a quarter of its free float was sold short. 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. Over the past month, its fallen from around $10 to less than $4 per share. 2023 Meta Materials Inc. All rights reserved. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. It may be able to turn its technology into high levels of growth in the coming years. As of this writing, more than 12 million shares of the stock have changed hands. 2023 InvestorPlace Media, LLC. MMAT MMTLP Metamaterials Special Dividend update. Copyright The ex-dividend date of this dividend is Monday, March 6th. Email: ir@metamaterial.com. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 This makes it the first company to join the Nasdaq with a focus on creating these materials. 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. Email:[emailprotected]. As of this writing, more than 12 million shares of the stock have changed hands. It also announced plans for the merger of the company to close today. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. 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 Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . The company had sold its last reserves in November. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. Many investors are counting on a windfall, based on short covering. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Plus 3 Stocks for March.It would be very much appreciate. 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 . 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. Senior Vice President Press J to jump to the feed. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. All statements in this release that are not based on historical fact are 'forward looking statements.' Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. 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. 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. 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. Total oil and gas sales last year amounted to $193,379. 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. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. This may end up being a big winner down the road. No forward-looking statement can be guaranteed. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. Phone: 1-877-255-8483 The Company engaged an auditor on March 21, 2022 to conduct the audit. Accordingly, readers should not place undue reliance on any forward-looking statements or information. It also has legacy oil and gas assets its intending to sell. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Theres plenty here that could excite investors once again. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. 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. 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 . 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. You can even use them to improve solar panel efficiency. The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. So is using them to deice and defog Lidar cameras on self-driving vehicles. quotes delayed at least 15 minutes, all others at least 20 minutes. "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. What is Meta Materials's Dividend Payment Date? All rights reserved. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 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. 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. -, 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. That includes a Board expansion to include seven additional members. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. Mostly, its potential as a short-squeeze play. 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. 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. 1125 N. Charles St, Baltimore, MD 21201. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Meta Materials (NASDAQ: MMAT) does not pay a dividend. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. All rights reserved. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, 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. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. 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.