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LETS SEE IF they drop the bid down to 6.99 AFH!!
YES..,MMATF STLL HAS TO COMPLETE THE MEGE WITH MMAT..THIS EVENT SHOULD CHANGE PPS VALUES;
STILL NO WORD AS TO POSTED DIVIDEND VALUE..
per my broker contact:
When this fully closes we will know more..
Looks ugly now vwap around 7’s
MM naked shorting & some retail shorting trying to push it to 6’s.
Tomorrow last day for Broker margin calls to cover; or Brokerage will buy to cover for short share holders..tomorrow should change the momentum…?? We shall see..
Still holdin long way before
R/M/ Divi. GLTA$$??
Yes..MM’s actually acquiring..AAB cheap shares; via naked shorting each other…
Thanks i have bought more shares
Waiting with my bags…$$$ for aabb to get on the bitcoin exchange..
For now the Company &COE remain silent???:((
More MM shorting; very little retail buying today; just over 4 million volume??
Good VID..Thank You;)) he is right on the Money.$$
very knowledgeable. I will be holding; for the share merger/squeeze & institutional
Buying.. Best of luck to you GLTA
Yes..However there also will be margin calls on the Monday Dividend! DUE PAYBACK FOR BORROWING SHARES:)))
Pps should open at DOUBLE..
Todays closing price
Torch holders get double share price at
PRE MARKET MONDAY MORNING ::)))
JUST AROUND &10.00 as the new MMAT shares after 1 for 2 split.$$)) IMO!! GLTA .
A GOO READ MOST RECENT DD…
PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders.
Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. Commencing on June 28, 2021 Torchlight's name will be changed to "Meta Materials Inc." and its common stock will begin trading on NASDAQ under the ticker symbol "MMAT."
Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight.
Looking Good for PRE MARKET MONDAY
MAY STILL SQUEEZE GLTA:))
Correct-maybe higher if w get a short squeeze:))$$$ GL
U only get 1 preferred TRCH share;
when this RM DEAL CLOSES
Your current shares held will be MMTA
Likely 6-30 or may extend upon mutual agreement;))
Imo hold on..$$$$ perhaps a squeeze next week????$$$$$$
0f the total volume, trades today 39%
Of Apes.Shorted shares over the weekend!
By market ope ..6-25..broker will Call Demand pay-back..!
This Torch pps
may still move after hours???
If we get a short squeeze cover..;))$$$$
Its in the merger contract agreement that torch SHARES MERGE and become
The MMAT SHARE PRICE WHATEVER IT IS plus the TORCH DIVI ..AT CLOSE!! Hope this helps the process..GL
No pps will convert to current MMTA SHARE PRICE..;))
At close of escrow
what ever the MMAT price per share is. And you should see your dividends??
in the accounts by 25 -30th
GL
IMO ..we will come out at closing with our number of shares equivalent to the intraday MMTA PPS..word via press; an promoters;)
we may receive dividend amounts 1.00-20.00
Still up in the air not taking into account any short coverings up or down..
BEST OF LUCK..I bought more at high 4s
YOU CALL??
Hold shares until 6-25th
to qualify for Trch..preferred dividend payment at close of-merger 1for 1
Trch will merge; with all oil plus land assets and more into MMTA:))$$
possible short squeeze
STILL TO COME IN 24 hrs
GLTU..$..
Just bought more shares high 4.s
Think we hit bottom. Should move up now slowly..before close of market
Maybe shorts wont cover??
your call GLTA..$$$
Planed Big dilution/dip continues; scared retail sell off..
No bottom yet?? Smokin longs;(((
Torch the shorts:(!!
Aggressive shortdrop for a retail sell off..
Funny post TUESDAY TORCH THE SHORTS …!!!
They cant push it below $10.00!!
Right on. It rips just before AH CLOSING
OR MORNING::)))$$$
MM manipulation down to scare retail sell!
Hold!!
Lets get reddit crew in here.. push pps up with THE BIG SQUEEZE !!!
PAY BACK TIME..by tomorrow’s end!!$$$
Yes..Yes should be a nice spike up..tonight or end of Bell Tomorrow. Congrats GLTA ..
:)) shorts have to close position or pay into dividend end of bell tomorrow.$$$
MM/short crew not bashing it…On AH!
Lets rip AH to 20.00-25 pps:))$$
See if Reddit? crew squeeze this up AFH?
pps After-hours???$$$
Thanks lots much DD..I try:))$$$$$$$$$$$
Big Shorts into this squeeze; hopefully they will cover early..:))$$ GLTA HOLDING
On the Money!!!
Big Congratulations
****T53..GOT THIS ONE…:))$$$$$$
What happened to Our Shorting crew??