![]() ![]() On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article. There was a reason I changed the image on my profile a few days ago, now you know! /LhC6m2naNDįlamethrower has retained counsel to investigate the transaction, and Brda is seeking publicity for his cause. MMAT was merged with Torchlight Energy and the Torchlight shorts never covered and will owe 1 MMTLP and. They are performing a reverse merger with METAMATERIALS to get them on the Nasdaq. They are two different stories and MMTLP will be private soon so shorts HAVE to cover. Another focus of the investigation will be on the original listing of MMTLP preferred stock on over-the-counter exchanges. Potential Squeeze With DD Many of us know and love TRCH, and many more should. According to his Twitter, Brda wants to investigate whether market makers, broker dealers, and other third parties sold unauthorized shares of Next Bridge. #Torchlight short squeeze free#Trading in MMTLP was halted last month as the company moved to spin off its Next Bridge Hydrocarbons unit, converting the preferred shares into Next Bridge common. This penny stock has already done a 10x, can it move furtherGet 2 free stocks, worth up to 1850, when you deposit 100 on Webull. At the time, Meta Materials claimed organic revenue of $1.6 million per year. Torchlight said it struck oil near El Paso during the last decade, but chose to merge with the company after the Covid-19 pandemic hit for a 25% stake in the combined firm. TRCH stock caught the attention of Reddit traders looking for a potential short squeeze target. At the time, Torchlight shareholders received preferred stock, which traded for a time under the symbol MMTLP. Torchlight shareholders would have the remaining 25 percent. The company’s CES booth this month showed what it said were new materials for batteries and electric cars.īrda was the CEO of Torchlight Energy Resources, which merged with Meta Materials in 2021. ![]() Meta says it has orders from an unnamed central bank for KolourOptik, an optical material delivering 3D effects on a 2D plane, to be used against counterfeiters. See more stories on Insiders business page. The Texas oil driller extended the deadline to merge with Metamaterial in order to pay out a dividend. engages in the acquisition, exploration, exploitation and development of oil and natural gas pr. Retail traders touted opportunity for profit in the stock with the dividend or a short squeeze. MMAT (TRCH) Stock Analysis: Torchlight Energy Resources, Inc. I know a fair amount about the Company MMAT and what happened leading to this UNIQUE event that we are all about to experience. ![]() Meta Materials was briefly a meme stock in 2021, rising to a high near $20 per share. ET Source: Torchlight Energy Facebook Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its. Torchlight surged 249 in just six days of trading amid retail-trader interest. I have been in this for over a year just after MMAT purchased Torchlight and issued the dividend A preferred shares, you now know as MMTLP. ![]()
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