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
$MMTLP $4 and $5 last week $6 yesterday and $7 breakout today …slowly stair stepping up and looking great here nice and steady climb..…and nobody selling there shares when $35 is the most conservative fair value..The pumpers say $125..
3 billion barrels of oil underground
***Second largest land and oil deal in U.S. History excluding Alaska. ***
Largest domestic oil discovery in the last 30 years. ****
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