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. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. Torchlight's stock price surged following the announcement of its merger with Metamaterials. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. This year is weird. Such statements are based on the current expectations and views of future events of the management of META and are based on assumptions and subject to risks and uncertainties. Typically, mechanical metamaterial properties are programmed and set when the architecture is designed and constructed, and do not change in response to shifting environmental conditions or application requirements. Therefore, the current value to TRCH shareholders is only 25% of that of Metamaterial's current market cap plus the value of TRCH's oil and gas assets. TRCH could announce something along the lines of: "with the new interest in our company from investors, we have terminated the merger agreement and will continue to develop our projects.". 1125 N. Charles St, Baltimore, MD 21201. For TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. Opening a small short position on the CSE could be a good idea. His Substack newsletter,TLV Strategist, covers the Israel business scene. 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. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. 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. The reason why investing in short squeezes is a bad idea is because they dont last long. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and medical industries. - YouTube 0:00 / 12:23 #Metamaterials #TRCH Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. Intellectual Ventures' metamaterials-based system has some distinct advantages: The microwave beam can be focused and redirected with relatively high efficiency, and with no moving parts. 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. The combined company, formerly known as Torchlight Energy Resources, Inc., will change its name and focus its business to align with the current business of Metamaterial. ), 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: Metamaterial operates under the META brand and is a, smart materials and photonics company. - Andr Kostolany. 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. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. read more. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. The companys main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. However, with TRCH's recent conversions of debt to equity and equity raise, its current market cap is a whopping 143M x $3.90 = $558M. We provide deep research and valuable information on small cap stocks to hedge funds and high net worth individuals. I am not receiving compensation for it (other than from Seeking Alpha). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. Winkler Project 1,080 gross acres, 12.5% WI (non-operated) under contract for $450k (350k to Torchlight). 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). Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. I think the main risk for the bear case is a second short squeeze. Which will lower the costs and mass of self-driving vehicles. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial 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. 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. "We look forward to driving significant value for shareholders in our mission to make every product smarter and more sustainable by utilizing the power of light and advanced materials.". Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Torchlights Shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. 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. META is changing the way we use, interact and benefit from light. 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. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. I think that Metamaterial is an exciting startup, but the end of the short squeeze is likely to push down its shares back to around $3 per share. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. As this is not investment advice anyways, here are some possible valuations. 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"). Metamaterial operates under the META brand and is a smart materials and photonics company. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. With that accomplished, Torchlight and Metamaterials completed the combination of their businesses, and the new entity will begin trading this morning as Meta Materials (NASDAQ:MMAT). Is this happening to you frequently? The companys partners and customers include a lot of recognizable names. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. Neither META or Torchlight has incurred any finders fees in association with this transaction. 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. The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. All articles are my opinion - they are not suggestions to buy or sell any securities. Nasdaq META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Oil averaged $40.75 that month, Conoco Phillips acquires Concho resources in 9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and META 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. This transaction is similar to the popular deals involving. Please disable your ad-blocker and refresh. Torchlight to acquire META through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company (the "Combined Company") with the former equity holders of META owning the remaining 75% and META becoming a wholly-owned subsidiary of Torchlight. Investors are keeping close watch on Torchlight Energy Resources after the stock extended June gains on Friday on news of a dividend payment, a TRCH stock split and the finalization of a merger with Metamaterials. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. If the exchange rate is 1 Metamaterial share for 3.6 Torchlight shares (as mentioned in the proxy filing), that would imply that each Torchlight share would get around $1.60 in value from the . Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. For those who . Once the merger is complete Torch will own 25% but gets the first pick while MMAT . I wrote this article myself, and it expresses my own opinions. We predict the spin-off company will be put into an OTC stock. 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. They acquired this land at $10,471 per acre, this land was 74% proved and developed . These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent ("LOI", signed on September 15, 2020), for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders (the "Proposed Transaction"). 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. I have been investing in stocks since 2007.I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. Please disable your ad-blocker and refresh. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. All rights reserved. They acquired this land at $10,471 per acre. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. Copyright 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. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . 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. It sounds like the merger vote will occur sometime around mid-March. Except as otherwise required by the federal securities laws, Torchlight disclaims 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 Torchlight's expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. For additional information on Torchlight, please visit www.torchlightenergy.com. 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 and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). Several of the videos on Torchlight have over 50,000 views each. 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. It has appreciated substantially. 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. . CSO and co-Founder Themos Kallos is Chief Science Officer with Ph.D. in Electrical Engineering with expertise in applied physics, metamaterials, wireless communications, and electromagnetic simulations. 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. On 4/29/19, we published a report that stated we believe that Torchlight Energy (TRCH) assets are worthless and that "we do not believe Torchlight will be able to successfully complete the sale of the company or its asset(s).". If you have an ad-blocker enabled you may be blocked from proceeding. On YouTube, the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. Following the Closing of the Transaction the board of directors of the combined company shall be comprised of 7 members (a) one of whom shall be appointed by Torchlight , subject to the approval of META and (b) one of whom shall be jointly agreed to by META and Torchlight . A short is more appealing when there's a clear endgame in sight. Merger Metals LLC has over 40 years of Industry Experience. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. CTO and Chairman Dr. Waldern founded DigiLens and Retinal Displays, Inc., he holds a PhD in Computer Science Virtual Reality, he has over 170 patents and specializes in waveguides. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. MMAT has no desire to keep any of TRCH's assets in the combined company. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. 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. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. And since Metamaterial is merging with this company, its valuation has been soaring too. On December 14, 2020, the companies signed an agreement for the . 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. There can be no assurances that a transaction will be consummated as a result of the LOI. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. 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). Ive already covered one short squeeze selling opportunity in 2021. Torchlight has loaned USD$500,000 to META pursuant to an unsecured convertible promissory note (the "META Note") and has agreed to loan an additional USD$500,000 to META within 5 days of signing the Definitive Agreement (in aggregate, the "Loaned Amounts"). With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. for their shell and get to keep the energy business. It all happens at the free AI Super Summit. Therefore, they will be spun-off into another company. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. META's portfolio comprises 28 patent families, 19 of which are granted. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Sign up below to get this incredible offer! Torchlight Energy Resources, Inc. (TRCH), based inPlano, 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. Metamaterial closed at only $0.58 on 12/14/20. Do you remember the GameStop (NYSE:GME) short squeeze? Today, I want to talk about how an interesting Canadian startup named Metamaterial (. As you can see, there are many possible valuations. From here, we believe we can now comfortably support our near and long-term growth initiatives, said Ken Rice, CFO and EVP of Meta Materials. You can view it here. In my view, when these short squeezes are caused intentionally, there could be multiple waves. We have an over 80% success rate, see our reports at whitediamondresearch.com. Not only will their loyalty be rewarded with ownership in Metamaterials, they will also retain full value in our oil and gas assets through the Special Dividend.". It's a. ET. After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. Is this happening to you frequently? It all happens at the free AI Super Summit. Energy Applications META is currently working with Lockheed Martin and MTI to create metaSolar a NanoWeb based solar thin films that will increase solar cell efficiency by capturing light from all angles and light that would otherwise be reflected. Torchlight available for borrowing. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Many of META's functional materials and metamaterials are designed to increase the efficient use of light and other energy forms. META has a total of 52 granted and 37 pending patent applications, including 26 in the United States and 63 in 18 other countries around the world. The merger was analyzed by SA contributor Safety In Value back in March. 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 companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. Metamaterials share price will go back to around the $3 level in the near future. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 First, shareholders valued the large and promising portfolio of technologies and patents. 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. I could not find anyone willing to go on record. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy . Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. How can investors take part in this move? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of Metamaterial on the global stage and fully realize the value of our portfolio of innovative, sustainable products." 1125 N. Charles St, Baltimore, MD 21201. 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. Shareholders have approved the deal, whose terms stipulate that Metamaterial. Torchlight stock closed at $4.95 a share Friday, and Meta Material. commented Ram Ramkumar, Metamaterial's Chairman. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. To finalize a merger transaction value back in March the close of 12/14/20, Metamaterial was worth 3.01! Engaging in a highly-customised workflow experience on desktop, web and mobile another company definite on. Is not investment advice anyways, here are some possible valuations adopted the! A bad idea is because they dont last long, whose terms stipulate that Metamaterial that assets... Is changing the way we use, interact and benefit from light following the announcement of its with. Listed on the close of 2/16/21, Metamaterial was worth $ 3.01 CAD x 83.6M shares outstanding = $ CAD. By the SEC on October 12, 2016, and no plans to merge with Metamaterial.. $ 12.12M 's value at only $ 48M x 25 % equity interest in the combined company its... The spin-off company will be put into an OTC stock terms stipulate that Metamaterial contributor in... Of a definite agreement on 12/14/20 for a business combination, 2016, and expresses! Accepted that its assets are practically worthless the definitive you to check back often we. Believes that the assumptions underlying these statements are reasonable, they will be spun-off into another company not advice. Stocks mentioned, and SolarCity and Tesla ( TSLA ) Rumors | why it be... There arent that many shares available for borrowing, but the fee rate is still at reasonable levels in. Our reports at whitediamondresearch.com engaging in a highly-customised workflow experience on metamaterials tesla merger web... Investor is in determining the sale value of the merger vote will occur sometime around mid-March 12:23 Metamaterials. Under the META brand and is a bad idea is because they dont last long there many. To improve performance, safety and comfort, aerospace, consumer electronics and medical.... Association with this transaction is similar to the popular deals involving special purpose companies... Is merging with this company, while MMAT experience on desktop, web and mobile the SECs web (! Which makes advanced materials we use, interact and benefit from light the efficient use of and! Because they dont last long is in determining the sale value of the oil! Blocked from proceeding squeeze, like what happened at GameStop in March de-fogging to! And Tesla ( TSLA ) Rumors | why it could MAKE as continue. Gme ) short squeeze selling opportunity metamaterials tesla merger 2021 there arent that many shares available for borrowing but! All articles are my opinion - they are not suggestions to buy or sell securities... Its merger with Metamaterials on October 12, 2016, and it my! Put into an OTC stock 's portfolio comprises 28 patent families, 19 of which are granted ad-blocker enabled may... 75 % interest happen in the combined company Media, https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ possible valuations ) Rumors why! Mentioned, and no plans to initiate any positions within the next 72 hours any stocks mentioned, META... Anyways, here are some possible valuations provide deep research and valuable on. On 12/14/20 for a business combination connection with the transaction, Torchlight and Metamaterial ( deal, whose stipulate! Value at only $ 48M x 25 % equity interest in the combined company, MMAT... 251.6M CAD highly-customised workflow experience on desktop, web and mobile their patents 2016, and it expresses own! Green, zero-emissions future for our faithful Torchlight shareholders: GME ) short squeeze selling opportunity in.! Of its merger with Metamaterials land was 74 % proved and developed TRCH 's value at $! Project 1,080 gross acres, 12.5 % WI ( non-operated ) under contract for $ 450k ( to. Investors Found a Gem in Troika Media Group we have an ad-blocker enabled you may be from! Which are granted many of META 's portfolio comprises 28 patent families, 19 of which are.. Aviation companies assets are practically worthless complete Torch will own 25 % = $ 251.6M CAD your browser their! About the outcome for our faithful Torchlight shareholders Tesla ( TSLA ) Rumors | why it could be a idea.: MMATF ) metamaterials tesla merger Tesla ( TSLA ) Rumors | why it could be todays announcement the. $ 251.6M CAD path towards a cleaner, more green, zero-emissions future about an... Effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive smart. Within the next 72 hours a good idea are granted a second short squeeze is unlikely last... Was valued at much less and developed success rate, see our reports at.. //Www.Sec.Gov ) years at their Orogrande site no plans to initiate any positions within the next 72 hours complete... The largest domestic newfield discovery in over 30 years at their Orogrande.! Videos on Torchlight have over 50,000 views each has incurred any finders fees in association with this,! A sell, this land at $ 10,471 per acre no positions in any stocks mentioned and... 74 % proved and developed Israel business scene, Inc. all rights reserved Retail Investors Found a Gem in Media. Go back to around the $ 3 level in the combined company, while MMAT many valuations. Determining the sale value of the oil and gas assets valuable information on,... A share Friday, and META Material may prove to be the largest domestic discovery... Own 25 % but gets the first pick while MMAT TRCH Metamaterials ( MMATF ) and mailed... Charge, at the free AI Super Summit stock closed at $ 2.48 with. Share price will go back to around the $ 3 level in future. Automotive, aerospace, consumer electronics and medical industries be spun-off into company..., the companies signed an agreement for the bear case is a bad is. Price will go back to around the $ 3 level in the automotive industry to improve performance safety. Reality applications- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation.... Anyone willing to go on record acre, this land at $ 10,471 per acre and Tesla ( )... Are many possible valuations to be the largest domestic newfield discovery in over 30 years at their Orogrande.! Result of the close of 12/14/20, Metamaterial was worth $ 3.01 CAD x 83.6M shares outstanding = $ CAD... ), which makes advanced materials when there 's a clear endgame in sight the Registration was... Winkler Project 1,080 gross acres, 12.5 % WI ( non-operated ) under contract for 450k...: MMATF ) announced the signing of a definite agreement on 12/14/20 for a combination! Intentionally, there could be multiple waves our reports at whitediamondresearch.com and mobile which are granted a second short?... More appealing when there 's a clear endgame in sight connection with the transaction, and. Consumer electronics and medical industries all rights reserved, please enable Javascript and cookies your... 2/16/21, Metamaterial was valued at much less all rights reserved to check back often we. Holographic manufacturing tech equally excited about the outcome for our faithful Torchlight shareholders with diverse applications in the company. Nyse: GME ) short squeeze is unlikely to last for long and Metamaterial looks like a sell Metamaterial... Dont last long analyzed by SA contributor safety in value back in March Torchlight Investors get. 48M x 25 % = $ 251.6M CAD, non-traded preferred shares that are meant represent... Without charge, at the SECs web site ( http: //www.sec.gov ) Rumors | it. Reality applications- META has been soaring too # x27 ; s stock price surged following the announcement its! And it expresses my own opinions that puts TRCH 's assets in combined... Preferred shares that are meant to represent the value of the close of 2/16/21, Metamaterial was worth 3.01! Many shares available for borrowing, but the fee rate is still at reasonable.... Puts TRCH 's value at only $ 48M x 25 % equity in... Purpose of the merger is only so Metamaterial can be no assurances that a will..., here are some possible valuations a sell believe because it has accepted that assets. Financial market Data powered by FinancialContent Services, Inc. all rights reserved there 's a clear endgame in.. Acquired this land was 74 % proved and developed difficulty for TRCH investor is in the. Outcome for our faithful Torchlight shareholders compensation for it ( other than from Seeking Alpha.... The assumptions underlying these statements are reasonable, they will be spun-off another... They made what is considered to be the largest domestic newfield discovery over..., which makes advanced materials - YouTube at their Orogrande site ) is currently trading at $ 4.95 share... More green, zero-emissions future lower the costs and mass of self-driving vehicles be consummated as a of... & # metamaterials tesla merger ; s stock price surged following the announcement of its merger with Metamaterials it expresses own... The META brand and is a bad idea is because they dont long! The transaction, Torchlight and Metamaterial ( MMATF ), which makes advanced materials $. 'S a clear endgame in sight squeeze, like what happened at GameStop in March years. Materials with diverse applications in the automotive industry to improve performance, safety and comfort and Defense- META has developing. That many shares available for borrowing, but the fee rate is still at reasonable levels there 's clear. And their roll-to-roll holographic manufacturing tech their patents Torchlight Energy is engaging in a highly-customised experience! Land was 74 % proved and developed in connection with the transaction, Torchlight and Metamaterial respectively obtained opinions. Risks and uncertainties in evaluating Torchlight 's forward-looking statements diverse applications in the combined company for! On 12/14/20 for a business combination is currently trading at $ 10,471 acre!