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MMTLP from $1 to $7 in 3 weeks and going to $30 minimum….Meta Materials Inc (OTCMKTS: MMTLP) Short Squeeze Electrifies as S1 Privatization Filing Imminent (Next Bridge Hydrocarbons Spin-Off)
By
Boe Rimes
October 30, 2022
Meta Materials Inc (OTCMKTS: MMTLP) continues to rocket northbound since our last article on the Company predicting the start of the 2nd wave we are currently on when MMTLP had just moved over $4 per share. Currently over $6.40, MMTLP is well on its way towards the $7.51 break point and confirmation of another massive leg up as we wait for the S-1 to be approved. Once its approved the estimated 80 million share short position must cover within the next 15 days, and if they don’t cover their broker will cover the shares for them. When that happens and the brokers are just dumping stuff as Houston Wade pointed out, “we will see, perhaps, just astronomical prices” Regardless for 80 million shares to be covered we will see a very, very significant increase in trading volume and ultimately the brokers will pay whatever price they have to, to close out the position. Should a significant short squeeze happen once the S-1 is approved, $30 to $60 per share is the most common estimate on MMTLP.
MMTLP is trending on stocktwits as Rollerpigeons pointed out and on Reddit too, especially the Shortsqueeze sub reddit where it is easily the most talked about squeeze. Posts such as “MMTLP – Squeeze Imminent – S1 Approval Is the Catalyst” “$MMTLP – A short squeeze of the magnitude of $HKD would bring us somewhere between 290$-650$.” MMTLP is Starting to trend in r/shortsqueeze” and “The MMTLP shares are HARD TO BUY!!!” are among the most upvoted posts on the subreddit. Optimpm pointed out that: “(MMTLP) shares are so hard to buy that it’s almost impossible to buy 1000 shares at the same time the fills are very long to get. Same thing reported by fidelity when people buy by phone, it takes a long time for the buy order to be completed. Looks like nobody is selling and that very large hands are trying to buy anything they can.”
Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials. One MMTLP (Series A Preferred share) will be exchanged into one Next Bridge common share once the spinoff is completed. Next Bridge Hydrocarbons is exclusively developing its Orogrande Basin asset, the Orogrande Project, located in West Texas. The Orogrande Project has shown to have potential for multi-stack pay zone, totaling 600 to 800 feet thick, with geologic and reservoir similarities to the Midland Basin. 134,000 Net Acres, 3,150 Potential Well Locations and 3.2B potential Recovery (BBL)
Rollerpigeons stated: “We are still waiting for the S1 to get approved which could happen any moment; afterhours or premarket is when you will see it, usually. How will you know you have an approved S1 is you will see dates. Once you see something with dates on it, you know it’s on, and then there is going to be a Company release. So, the biggest I get is, does the SEC put in the dates or does the Company put in the dates? The Company puts in the dates and then the SEC says we have no further comments, you can proceed. The Company puts in the dates and then the Company will put out a press release announcing the record dates that match up with the S1. So that’s where we are at, we are waiting for the S1, but the anticipation is building with MMLTP trending on stocktwits today, that’s awesome, and lots of building are holding and saying where they are from and that’s terrific, it’s terrific that despite our differences in a lot of things we can be happy about MMTLP. I’m happy about it because even if there is no run up to the extent that I want there to be a runup there is still 3.2 billion barrels of oil in the ground plus a lot of gas which has significant value and I have calculated that value out quite a few times. The value of the oil and gas could be between $30 and $60 (per share) depending and that’s just a conservative average.
Tony
@tonys_twits
·
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$MMTLP ended the day/week @ $6.40
This is a great price to be - while we're waiting for the S1 Approval.
Close to last All-Time-High
What Can I Say?
Nearly Everyone who may have bought MMTLP, if they held, is in the positive (some, by a lot ...)
Good Luck to Everyone.
CPLANT
@TheTrndisuFrnd
·
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$MMTLP After further investigation and a much better satellite photo and some help from a little bird @MoneySoot we are not drilling the Johnson well we are drilling the UNIVERSITY NBH B46 WELL It is only fitting that we start with Next Bridge Hydrocarbon well 1st
Terry Yonkers put out another great video on MMTLP this time focusing on MMAT CPO, Chief Product Officer, Gardner Wade’s brother Houston who is discussing what happens after the S1-A is approved. Houston Wade states: “Because you cannot have short shares, not only can you not have shares short, the brokerage cannot have shares short; if you get through 10, 11, 12, 13 and we’re a weekend away from everything going private and you have a T+2 settlement agreement for clearing. The brokerage may decide these guys are not doing their job, we have to sell everything we own in order to close this position because we can’t have any synthetics on our books because it’s going to ruin the portfolios of our clients who think they have shares and they don’t so we are going to force close on everything. My guess is, is if people drag their feet through a 15-day privatization, in those final days you are going to see the brokerages just liquidating these hedge funds and just deleting everything they own. Just dumping stuff on the market and then figuring out what price it will take to get rid of these synthetic shares and that is when we will see, perhaps, just astronomical prices. So, if your hypothetical achene Company where to have say, a special cash dividend in the range of $30 to $60 per share, maybe a little more or a little less, then there is no incentive for anyone who holds those shares to sell anywhere in that 15-day time period.
MarketMoves states: “It’s quite possible that when the price of MMTLP starts going up, and just from momentum, not even a squeeze, just momentum, the price could go up significantly from the $60 dollar point. So, what that says to is that fundamentally its currently worth about $60 per share, let’s just say, based on the $3.2 billion barrels of oil in the ground and the sale value of that taking into account the 49% revenue sharing interest and the 12% discount for oil in the ground. When a squeeze scenario happens you can easily get 2x to 5x of that price and that’s because there was a fair amount of short interest on Torchlight energy that became short interest in Meta Materials and MMTLP. But those shares short have to be covered before MMTLP goes private so that means the short interest has to go to 0. The brokers won’t accept being left liable on the hook for that payout. So, if there is a short squeeze scenario, we are looking at anywhere between $120 and $300 per share easily. Could it go higher? Of course, it could go higher, it could go much higher, but I’m willing to say, if there is a short squeeze scenario, it could go between $120 and $300 per share easily.
PaulT
@PaulusGreatus
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$MMTLP Technicals are extremely bullish! We are in an upward trend; RSI is in the overbought territory; MACD is curled up; QQE is very green!
All good!!!
4:15 PM · Oct 27, 2022
Currently running higher every day MMTLP is closing in on $7.51 highs; a break over and as we have been saying, this one could really go parabolic. As we wait on the S-1 to be approved MMTLP is now the number #1 trending stock on the Shortsqueeze subreddit and youtubers covering the MMTLP situation such as Rollerpigeons, Terry Yonkers, and MarketMoves all echo the same price predictions. As MMAT CPO, Chief Product Officer, Gardner Wade’s brother Houston Wade states: “My guess is, is if people drag their feet through a 15-day privatization, in those final days you are going to see the brokerages just liquidating these hedge funds and just deleting everything they own. Just dumping stuff on the market and then figuring out what price it will take to get rid of these synthetic shares and that is when we will see, perhaps, just astronomical prices.
https://microcapdaily.com/meta-materials-inc-otcmkts-mmtlp-short-squeeze-electrifies-as-s1-privatization-filing-imminent-next-bridge-hydrocarbons-spin-off/
Watch "MMTLP S1A SHORT SQUEEZE TIME-LINE NEXTBRIDGE DIVIDEND" on YouTube (Terry Younker and Money Makers)
S-1 to be released soon then shorts have 15 days to cover before it goes to private dividend. Dividend payout is $30-$60 and the final 3 days of squeeze could send prices skyrocketing as brokers force the short covers..Squeeze can take it to $100 as
Company goes private shareholders in a win win situation
what good is MMTLP to us? I did not have any of those in my account from the meta materials I have been sitting on for quite some time?
so I am guessing we did not get any of the mmat oil OCT spinoff shares? or was that another company.
Just curious because on the spin off they spoke of it getting back to it's high if 7.20 which is where I cot screwed.
There for a moment I though maybe we would recoup.
Wasn't there supposed to be spin off shares of other companies ???
#DDAmanda Chart on: $MMTLP :
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What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
Not sure where your getting the dilution conclusion.
This is just bear vs bull investors. Fortunately the tide is currently in the favor of bulls.
Keep up the buying pressure and all the bull investors will toast to capital gains.
Nice fake out this morning pre market. Was at $1.05 to entice buying. Obvious dillution here
Going to 50.00 imo and then CGRA .01 to 2.00 if news is big
The message board hasn't been created yet. I believe it needs a moderator.
$CGRA billion barrels salt creek oil field new report coming .01 pps audit uplist
Glad I dumped this morning. Just bought a few shares back. Let's run it up again.
What is causing this to go up so fast? Just a short squeeze or did they get some huge deal or rumor of a deal. Can't find any info. Anywhere
I had torchlight shares and got some in the dividend spinoff but unfortunately sold a while back but I'm going to buy some more. Just hoping for a little retracement this morning with this horrible inflation news with the cpi report. Thanks for the info.
Check into their spinoff MMTLP, huge oil/ gas find
Of $40 - $60 coming, check out you tube , “ Roller pigeon “ , “Uncle Terry” for updates.
$1.20 premarket nice volume MMAT/MMLTP blowing up on social media
Social media is saying that Wall Street Bets is working on this ticker
Blasting off for sure. I'm not sure why but I'm going to do some research and see what's going on. I know there were Tesla rumors swirling a while ago
You can add another 10% to that 26% lol
Let's see if this follows. 26% today is a good start
I think the real squeeze is MMTLP, its up 4x from 1.50 range Couple weeks back
MMTLP shares question.
Page 23
"No trading market for our Common Stock is expected to develop.
There is presently no public market for our shares of Common Stock and our shares are not expected to become DTC eligible for electronic trading to third parties. There is no expectation that a trading market will develop or be sustained. Accordingly, you may have to hold the shares of Common Stock indefinitely." https://sec.report/Document/0001193125-22-238430/
I might have to hold them indefinitely. Can it be right? So I will have ownership in a private company that produces no revenue will have to be diluted and have no way out? Am I reading that correctly?
Page 5 says the same thing. WTF
"All of our outstanding shares of Common Stock are currently beneficially owned by Meta and our Common Stock is currently not listed for trading on any stock exchange or market and we have not sought to be traded on any exchange or market. The shares of Common Stock will not be eligible for electronic transfer through the Depository Trust Company or any other established clearing corporation. Accordingly, there currently is no public trading market for the Common Stock and there is no current expectation for a public market to develop." https://sec.report/Document/0001193125-22-238430/
This is rolling right along. Sorry I sold my preferred shares a while back. GL. $MMAT
Seems suspicious as crap you can’t post over there as shorts will keep on getting burnt as company going private they are 2000% screwed. Nice reverse head and shoulders on MMAT but MMTLP is where you want to be…
MMTLP
TLDR-Company going private. Most shares are locked up. Shorts will have to close causing Mega squeeze.
Based on their predictions, many folks are now saying their floor is $70+ per MMTLP.
Let's start out with the Torchlight oil discovery. This is straight from the Torchlight investor presentation.
Link to TRCH Discovery Presentation
https://preview.redd.it/asgkc7uwtvs91.png?width=1242&format=png&auto=webp&s=a533491881b0b7a853d55cde483d944524a2c4d
Torchlight first discovered flowing hydrocarbons in the Orogrande, August of 2018, when oil was at $65. It was about to hit a high of $75, after coming back from a negative value in 2016, when the cost to extract oil was higher than the cost to sell a barrel. Two-to-four months later, oil tumbles back down to cutting even costs at $42.
By the end of 2019, they realize what they have. Oil hasn't been doing too bad. It has been floating in a range of profit. They want to find investors so they can develop the assets for sale. See above.
We all know this part of the story... COVID hits and crushes the market. Oil prices too. It literally goes negative.
WTI Oil Prices for the last 10 years
https://preview.redd.it/2vxre8970ws91.png?width=891&format=png&auto=webp&s=931e3919f4e3b9ceb542b89e2abdab91e5eacde7
Torchlight goes, F it. We have 3.2 billion barrels of oil and probably half a billion equivalent of natural gas. Problem is, oil business hasn't been kind lately and we need money to develop the assets.
Enter Meta Materials, who is in search of a Nasdaq listing. They decide to merge. Torchlight gets the ability to fund their O&G assets and Meta gets their listing.
According to Ken Rice, CFO of MMAT, at the time of the merger, the share count should have roughly been spit 50/50 based on market cap.
Torchlight management believed in the their discovery so much, they said they would give up 25% of controlling interest in the new company, so they could keep the controlling interest in the O&G assets. That's super bullish BTW.
Upon merger, TRCH shareholders, would received 1 for 1 of MMAT and a 1 for 1 Series A Preferred Share Placeholder. The "placeholder" was never meant to be traded and even had many different names, depending on what brokerage you were using. "MMAT1, TRCHP," Etc.
There are A LOT OF ESTIMATES on the value of these assets. When the merger was happening, I remember many folks said they would be cool with $2 to $5.
George Palikaras, CEO of MMAT, was talking to some people about this deal and he said, he didn't know they were recording him. He was recording saying first of all, that he is not an oil guy and his predictions can't be trusted. None the less, he predicted.
At the time, oil was between $40-$50 per barrel. Barely a profit. He said that the dividend could be anywhere from $1 to over $20 per placeholder and given the current Biden administration, depending on what he did to the oil market in the future, $20 could be a low number. Full recording.
Since then, oil reached a high of $130 per barrel and the current 12 month rolling average is over $90 per barrel. Who could predict a war with a huge oil producing country? Future predictions are much higher now.
Enter the unofficial mascot for MMTLP: Bird Lady, Roller Pigeons. I call her Pidge. This lady is pretty smart. She definitely knows her math, but she wears a bird costume. She said, it was like a disclaimer so, in case her predictions were off, you can't sue. We'll see I guess.
She came up with a formula to predict the value of the assets. Then, appeared another very smart person, Tony, from the Market Moves on YouTube. he saw what she was saying and was like, I'm really good at math. I bet I can back test her method and see how accurate it is. Turns out, it's pretty accurate. They've used it to show the math on several oil deals this last year and they all came up with matching numbers.
Here is Tony's video on him back testing roller pigeons method.
One of his latest videos links to much more info about the value of the assets and the evolution of this play. He's a wealth of knowledge on this play. Pidge is too, if you can get past the bird suit.
Based on their predictions, many folks are now saying their floor is $70+ per MMTLP.
Enter the shorts and why this is being brought to this sub. Torchlight, not only had unfavorable oil prices, but do to market conditions, shorts were heavily betting on the company going bankrupt.
John Brda, CEO of TRCH, said in a Twitter space hosted by Cyntax, he had a Nasdaq rep who he would talk to about the shorts and how once, there was 300k more shares shorted than what was traded per day. Brda said, they told him they knew this, but most of the shorts were overseas and they had no governing rule or ways to even find them, if they did. This is paraphrased, as I lived all these events as they happened. Listen for yourself to get the word for word. I prefer to watch it with Terry...
Going into the merger, The shorts were relentless. On Monday, TRCH hit an all-time high of $11+. Ex div date was Tuesday, and we were told we had to hold the share until Friday to receive this dividend placeholder. That didn't turn out to be true due to a loophole, but that's another story.
Here is the short data from TRCH up through it's last days.
https://preview.redd.it/z8cv571j6ws91.png?width=1791&format=png&auto=webp&s=8416bb47f491d7dc2caa214904837ae5143b5be5
The merger was supposed to take place AH June 30th, trading first day as MMAT, July 1st. As you see, short report stops on the 25th of June. 3 trading days early, Meta announces two things, we finished the merger early. Starting Monday we will trade under our new Nasdaq listing, MMAT. Oh, we will also Reverse Split 2 to 1, to follow Nasdaq compliance.
Win/lose situation for the shorts. Shorts are trapped in this placeholder. The MMAT side showed weakness and they took advantage of that. A story of the next short squeeze to come...
They were not expecting, to not be able to close their positions!!! Over 20 million reported shorts on the last day.
Fast forward a few months. Suddenly, all these placeholders changed names from whatever they are called at the time, to MMTLP. The community has a meltdown. No one knows what is going on.
The next day, they have a value? everyone is confused. Is this our dividend? It starts trading at .10 and quickly shoots up to .70 per MMTLP. I bought thousands on degenerate gambler status.
Day two, early morning, it shoots to $3.20. I'm eating breakfast trying to show my wife, who could care less, saying, it happening! She goes, will you sell. I'm like, hell no. We're talking 3.2 billion barrels of oil here.
It instantly drops back down to low 2s and from then on, it mostly floated in the $1.30-$2 lane.
After, we find out that two market makers got together and went to Finra to get a ticker and listed the placeholders on the OTC Grey market. They could do this because in the merger paperwork, someone mistakenly put transferable to describe the placeholder.
Us OG holders have always known what we hold, so most of us have been accumulating more this whole time. I had 21K and now hold 30K. Golden opportunity, as far as we are concerned.
Brda said, in that interview above, if the shorts had closed the books on their short positions with Meta and TRCH, MMTLP would never have existed. I believe that to be true.
You would think, shorts covered right? Maybe some. Remember, many shorts are overseas, where they have no access to OTC. Many of the MMTLP holders in our retail community complain about this daily. They can't buy or sell and will be forced to go to the new oil company, Next Bridge Hydrocarbons.
I guarantee some did close their positions. Funny thing about making this tradeable, more shorts piled in!!! There was a day last week, someone reported 400,000 more shorts in a day we rose over 10%.
The intention for these assets was to sell and distribute the value to the TRCH shareholders. That did not happen, so they have decided to spin off the assets into wholly owned subsidiary of MMAT, called Next Bridge Hydrocarbons.
Next Bridge has said, they plan to continue to develop the assets for sale. Insiders never sold above $3 and according to Brda, they intend to go to NB. He said they not only haven't sold a single share, but many of his friends have bought more.
NB will act as private company at first, with no listing. It will not be publicly traded. You can not short a company that is not publicly traded. All shorts will be forced to close their position. Even the ones that their brokerage won't let them trade OTC. The broker will do it for them and make them pay.
In June of this year, '22, we filed our first S1 form, to spin off the assets to NB. We are now up to the 2nd amendment, S1A2, and it this last filing Meta including a new section that directly references MMTLP and the implications of the company going private, essentially.
https://preview.redd.it/56mpalh3cws91.png?width=1328&format=png&auto=webp&s=6042b4d48d7343304afe759e0fff4665f39b7292
https://preview.redd.it/ejvuwig7cws91.png?width=2206&format=png&auto=webp&s=5636043e7e8848b380be2903a342a4b826775484
Here's the full S1A2
That was last Wednesday and we've run only 60+% since then. Current share price is $2.47. This has 10-100x possibilities.
Insiders hold 1/3 of the shares available and they all said they are going long. Most overseas brokers are not allowing trading at all. Retail have continued to accumulate for a whole year! No one is selling at least until the S1 is approved or we start seeing over that $20 mark. Most are saying $50+ now. There is just too much good DD done around this for the community to sell for pennies when this could make everyone rich.
Think about it. Most of the shares available are locked up in some way. SHORTS HAVE TO CLOSE BEFORE THIS GOES PRIVATE. Low available supply combined with high demand from a group that has to purchase back shares at any price. ANY Price. We don't sell, the price continues to rise. period. If you can't get that, you should stop trading. For real. This has the ultimate potential.
Not advise. I'm not a financial advisor. Don't sell your house or something crazy like that. as always, invest only what you can afford to lose.
Much of the stuff I didn't site can be found with the links to interviews, videos, etc...
https://www.reddit.com/r/Shortsqueeze/comments/y05rst/mmtlp_submitted_for_your_approval_the_tale_of_the/
Can not post on MMTLP, anyone know why?
Thanks
will do
thanks
Go to you tube, “Roller pigeon “, or “ uncle Terry”, they can explain better, MMTLP could squeeze like GME
I am confused! MMTLP and MMAT same company different exchange and Price$ ?
S
Just bought some of this crap, call me crazy
Rubber band Man $$$$))))
How’s the squeeze going? Everyone millionaires now or just the CEO?
Lower lows uoooogly chart here
I'm expecting MMAT to get some real legs if this can get through $2.07 on a close basis. This gets through $2.07, a test of $2.19, if it gets through it we'll be looking at $3.00 range and testing the 200ma. We'll see the next couple weeks.
Sorry, but linking this to politics is a long stretch. I’m all in on MMAT, but it will rise when it’s ready and it will be on the fundamentals.
The corrupt SEC isn’t allowing anything to disrupt markets. There won’t be a dividend, until Biden/Harris regime leaves office.
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