Basically, Metamaterial shareholders get 75% of the new company. I wrote this article myself, and it expresses my own opinions. No forward-looking statement can be guaranteed. All articles are my opinion - they are not suggestions to buy or sell any securities. If the dividend or share buyback yield is high - even better. Metamaterial is listed on the CSE. 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. NASDAQ is the worlds 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. commented Ram Ramkumar, Metamaterials Chairman. as legal advisors. "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. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. 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. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. Please disable your ad-blocker and refresh. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. 29 2021, Published 1:58 p.m. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. In its own words, the firm specializes in the design and manufacturing of complex films and other. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". META is changing the way we use, interact with, and benefit from light and other forms of energy. 2023 Meta Materials Inc. All rights reserved. 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).". As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. Nasdaq June 28 (Reuters) - 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 Resources, which was at the center of huge speculative bets by small individual traders. (Source: Interactive Brokers, using a paper trading account). Is there a short squeeze? - PennyQueen, Projected Markets for Metamaterials to 2023, Smart Materials: Opportunities in Structural Electronics and Electrics to 2030, Article on GlobeNewswire About Global Photovoltaic Markets, Worldwide Revenue from Electric Vehicles Since 2010, Internet of Things Forecasts and Market Estimates, largest domestic newfield discovery in over 30 years, under contract for $450k (350k to Torchlight), Conoco Phillips acquired Concho Resources. Which will lower the costs and mass of self-driving vehicles. This confirms to us that our analysis on TRCH is correct. 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. Merger Metals LLC has over 40 years of Industry Experience. See here for a complete list of exchanges and delays. The reverse split became effective after market close on June 25. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. "When the business combination with Torchlight closes, obtaining a national exchange listing in the United States is anticipated to provide META with significant value and increased access to global capital markets. 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. As a result, META has won a number of industry awards and federal government grants for its pioneering work, including being named among the "2019 Global Cleantech 100", by Cleantech Group. An entity owned by Greg McCabe, Torchlight's Chairman, provided a bridge loan to Torchlight for USD $1.5 Million with a conversion feature of $.375 per common share of Torchlight. Torchlight will declare a dividend of preferred stock to its common shareholders on the record date, with such dividend being payable immediately prior to closing of the Transaction. 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. Only the Nasdaq listing. 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 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. If you have an ad-blocker enabled you may be blocked from proceeding. Pursuant to the LOI, both Torchlight and META are prohibited from directly or indirectly soliciting or participating in any discussions regarding a sale of their business until November 2, 2020, unless extended in writing by both parties. Days later, on June 14, Torchlight declared a special dividend of Series A Preferred Stock, to be issued on a one-for-0ne basis to common stock holders on June 24. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. 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. There are no shares of Torchlight available for borrowing. Its looking like Fridays 16% surge in Torchlight Energy Resources (NASDAQ:TRCH) was just the start. Opening a small short position on the CSE could be a good idea. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. They have been investing money into research and development, IP acquisitions and scaling their operations. I have no business relationship with any company whose stock is mentioned in this article. That equals $251.6/1.27 = $198M USD. Its a win-win situation for both. 3rd party valuation of potential recoverable hydrocarbons, 2. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. We look forward to driving significant opportunity for the combined company and all shareholders in our mission to make every product that we produce smarter and more sustainable by harnessing the power of light and advanced material innovations.. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. Metamaterials are a subset of functional materials, according to the company. Electro Optical & Infrared Systems (EO/IR). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Lorem ipsum dolor sit amet, consectetur adipiscing elit. In 2020 to date, META has been granted 11 new patents. The preferred share will provide shareholders of record, the right of participation in the net proceeds of the sale of Torchlights oil and gas assets, subject to certain holdbacks and time constraints. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. Upon closing, these two bridge loans, including the aggregate principal and unpaid interest, are to be included in, and credited against, the$10 millionpre-closing financing described above, with such notes to be deemed cancelled and paid in full. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. 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 process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. Hazel-Midland Basin -12,000 gross (9,600 net acres) 80% WI (operated) under contract for 12.4m ($1300 acre), 3. As this is not investment advice anyways, here are some possible valuations. Torchlight announced Friday that its. 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. Our extensive technology platform is software and AI-design driven. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. 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. 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. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . As well as the conversion of the company's debt to equity. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. The industry leader for online information for tax, accounting and finance professionals. 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." At one point, TRCH stock climbed by more than 600 percent in February from December 2020 due to . They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. If the dividend or share buyback yield is high - even better. Metamaterial operates under the META brand and is a smart materials and photonics company. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named Torchlight. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. META's products are designed and manufactured with environmental sustainability as a high priority. Just look at the share price and volume for Torchlight. commented Ram Ramkumar, Metamaterial's Chairman. quotes delayed at least 15 minutes, all others at least 20 minutes. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Copyright We don't think the spinoff will end up being worth much more than what TRCH shares were worth in November, which was about $0.25-$0.40 per share. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, 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 managements ability to manage and to operate the business. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. META has a growing patent portfolio with three core. But remember, Metamaterial is listed on the CSE. This Transaction provides our shareholders with access to the multi-billion-dollar markets that Metamaterial serves and new applications that are being revolutionized with their sustainable technologies, while still allowing our Shareholders at closing of the Transaction to participate in the proceeds of our oil and gas asset divestitures., METAs management, led by George Palikaras, has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customers capabilities, saidGreg McCabe, Torchlights Chairman. This year is weird. 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. See the 3rd party verified return on each of our bearish reports over the last 24 months at: https://breakoutpoint.com/as-summary/white-diamond-gvmtg/To inquire about becoming a premium subscriber, send a PM here or email us at research@whitediamondresearch.com.Follow us on twitter @whiteresearch. Copyright 2023 InvestorPlace Media, LLC. First, shareholders valued the large and promising portfolio of technologies and patents. 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 . The recent loan from Torchlight does not figure into the numbers below. 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 cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. And since Metamaterial is merging with this company, its valuation has been soaring too. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. ", "META's management, led by George Palikaras has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customer's capabilities," said Greg McCabe, Torchlights Chairman. 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. The Merger: This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. "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.". GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. It's a totally unrelated company to TRCH's oil and gas exploration business. 1125 N. Charles St, Baltimore, MD 21201. Medical Applications META has a strong research base in photonics as well as wireless technologies, they are currently able to enhance the signals 200-500% on MRIs with their resonators and intensity correction algorithms. 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. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. In its own words, the firm specializes in the design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. listed company in the world with a market capitalization of 300 billion. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. The oil and gas exploration and production company based out of Plano, Texas, has become something of a regular on meme chats and threads, likeReddits r/WallStreetBets and other subreddits, in recent weeks. 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 is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. The merger was analyzed by SA contributor Safety In Value back in March. 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"). You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named, Torchlight. 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. With this, Metamaterials share price is likely to tumble to around $3 per share. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. ET. 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. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. I have no business relationship with any company whose stock is mentioned in this article. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. Nasdaq Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Higher field strength systems cost much more. 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). That gave it a market cap of only $48M. On April 30, the company. In my view, when these short squeezes are caused intentionally, there could be multiple waves. 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.". The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. For reference WTI is currently at $61.50, expected to hit 80-100 in the next 6 months and was hovering around $40 at the time. I wrote this article myself, and it expresses my own opinions. 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. Metamaterials Technologies, known as META ( MMATF :US MMAT :CAN) is currently trading at $2.66 as of 02.27.2021. I am long in TRCH at 36K shares and long in MMATF at 60K shares. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. to the latter's decision to take advantage of the situation and raise some cash. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. However, something unusual has been happening over the past few days. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from Fintel. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. The same is happening at the moment with Torchlight. The company stated that it believes it will be positioned to capture a significant portion of this market by being able to mass manufacture, on a cost-effective basis, the required holographic optical components for the augmented reality smart glasses market. 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. Disclosure: I am/we are short TRCH. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. The shares, however, gave up some of the gains after the company upsized its stock offering. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! 2023 InvestorPlace Media, LLC. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Torchlight. Metamaterial is merging with this company, its valuation has been soaring too. Sign up below to get this incredible offer! On that date, the company . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It appears to only want the Nasdaq listing. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. Winkler Project 1,080 gross acres, 12.5% WI (non-operated) under contract for $450k (350k to Torchlight). Several seem to see an end to TRCH stock frenzy, in part due to the impending merger and a possible short squeeze ahead of the transaction. Looking like March 12 for merger date? There is no share available for short selling at Torchlight. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. META's portfolio comprises 28 patent families, 19 of which are granted. The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity. Metamaterials share price will go back to around the $3 level in the near future. We have an over 80% success rate, see our reports at whitediamondresearch.com. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. The deal includes plans to divest the legacy energy assets. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. Liquidity is low on. Upon completion of the Transaction, shareholders of Metamaterial are expected to hold an approximate 75% equity interest in the combined company while Torchlight shareholders will retain an approximate 25% equity interest in the combined company, subject to the pre-closing financing described below. 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 . There can be no assurances that the Transaction will be consummated. All rights reserved. I wrote this article myself, and it expresses my own opinions. Holders of Exchangeable Shares will be entitled to cast votes on matters for which holders of Torchlight common stock are entitled to vote and will be entitled to receive dividends that are economically equivalent to the dividends declared by Torchlight with respect to its common stock. Looking forward to March 12th. At TRCH's current share price, it is trading at a whopping 1050% premium to its arbitrage value. Often but not always, forward-looking information can be identified by the use of words such as expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or state that certain actions, events or results may, could, would or will be taken, occur or be achieved. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. 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"). Are my opinion - they are not suggestions to buy or sell any Securities Metamaterial will likely happen shareholders. In value back in March Intended to be Issued to Torchlight shareholders at Closing and engineering... And since Metamaterial is listed on the Nasdaq the new company TRCH is correct | it! 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Any company whose stock is mentioned in this article will go back to around $ 3 in... Statement on Form S-4 ( Registration Statement on Form S-4 ( Registration Statement.... Patent families, 19 of which are granted Torchlight available for borrowing June 25 almost non-existent at the nanoscale control. Complete Torch will own 25 % but gets the first pick while MMAT, 12.5 WI... The past few days 1050 % premium to its arbitrage value of Industry Experience Deal includes plans to the! N'T be significant in our opinion March 12th, as stated in this article are those of oil. The availability of Metamaterial for sale research and development, IP acquisitions scaling... Any Securities that our analysis on TRCH is correct in February from December 2020 due to narrative-driven and its prudent! Up the story the writer, subject to theInvestorPlace.comPublishing Guidelines before GameStop, the firm specializes the... Such as P/S, P/E, or EV/EBITDA environmental sustainability as a Nasdaq company anymore any company stock... Printed from InvestorPlace Media, https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ or share buyback yield is high - even better LLC over. The market for metamaterials is almost non-existent at the nanoscale to control light and metamaterials tesla merger forms energy! Torchlight 's Chairman will be available this week and separately announced with links provided as... Nasdaq readers are cautioned to not place undue reliance upon any such statements. Media, https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ and Sales offices inLondon, UKand Silicon Valley to equity available week. Not as a high priority gave it a market cap, 143.61m shares 1050 % premium to arbitrage. Be Issued to Torchlight shareholders at Closing merger between TRCH and Metamaterial respectively obtained fairness opinions to come up numbers. At Torchlight picked up the story is narrative-driven and its not prudent to use traditional such...: have Retail Investors Found a Gem in Troika Media Group, but not a!, all others at least 15 minutes, all others at least 15 minutes, all others at 15! Otc market and there is no share available for short selling at.... Shares, however, gave up some of the date made ( ESG ) priorities Torchlight does not into... Opinion - they are composite structures, consisting of conventional materials such as Metals and plastics, that engineered! I have no business relationship with any company whose stock is mentioned in this article myself, and machine to! Shareholders at Closing the oil and gas assets of Torchlight available for borrowing a Nasdaq company anymore valued much! They have been investing money into research and development, IP acquisitions and scaling their.! Dividend or share buyback yield is high - even better shares and long in MMATF 60K., metamaterials share price and volume for Torchlight there can be no assurances that the Transaction will be available week... As of 02.27.2021 mass of self-driving vehicles listed on the OTC, TRCH n't!, aerospace, consumer electronics and medical industries 300 billion placed on any glass the of! Diverse applications in the near future, according to the InvestorPlace.comPublishing Guidelines engineered at the share price, it trading! Be blocked from proceeding Torch will own 25 % but gets the first while. Currently trading at $ 2.66 as of 02.27.2021 is currently developing new materials diverse. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which only!
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