Metamaterials Technologies, known as META ( MMATF :US MMAT :CAN) is currently trading at $2.66 as of 02.27.2021. Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a, Brooklyn ImmunoTherapeutics made a similar move. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. Neither META or Torchlight has incurred any finders fees in association with this transaction. Crypto. It has gone up significantly since the merger announcement. 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. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Torchlight. 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. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Torchlights Shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Once the two companies combine, it will just be Metamaterial. As a result of the transaction and our recent ATM offerings, META now has over $160 million in cash and a virtually debt free balance sheet with approximately 285 million shares issued and outstanding after the 2 to 1 reverse split. 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. The closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions, including approvals by NASDAQ and the Canadian Securities Exchange (CSE), Canadian court approval, and approval by the shareholders of both companies. There are no shares of Torchlight available for borrowing. 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. It could also cause a short squeeze and renewed hype due to the change in events. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. ), which is starting to look significantly overvalued due to a retail investor-led short squeeze at a small energy company named Torchlight Energy Resources (NASDAQ: Metamaterial operates under the META brand and is a, smart materials and photonics company. 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 those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. . Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. I intend to hold my shares for a minimum of two years. 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. All rights reserved. That equals $251.6/1.27 = $198M USD. The companys partners and customers include a lot of recognizable names. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Metamaterial operates under the META brand and is a smart materials and photonics company. The dividend will be one preferred share on a pro rata basis of the holding company holding the net proceeds (or assets if they have not yet sold). Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. I have been investing in stocks since 2007.I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. Torchlight stock closed at $4.95 a share Friday, and Meta Material. These include a transparent window film that transforms outdoor 5G coverage; an invisible antenna that can enhance indoor 5G and digital TV reception; and a nano-heater that can provide deicing and defogging for autonomous vehicle sensors. Intellectual Ventures' metamaterials-based system has some distinct advantages: The microwave beam can be focused and redirected with relatively high efficiency, and with no moving parts. The Merger: This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. This is an arranged marriage of sorts, it is the catalyst that will allow META to bring their disruptive technology to the forefront of several growing sectors, each at or near their inflection point. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. I think the main risk for the bear case is a second short squeeze. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. TRCH could announce something along the lines of: "with the new interest in our company from investors, we have terminated the merger agreement and will continue to develop our projects.". Nasdaq Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. Prior to closing, Torchlight must raise gross proceeds of at least$10 millionthrough the issuance of common stock or securities convertible into or exercisable for common stock, less the value of loans Torchlight has made to Metamaterial. I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. The shares, however, gave up some of the gains after the company upsized its stock offering. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. The merger was analyzed by SA contributor Safety In Value back in March. After the conversion it no longer has any term debt and two projects will have liens removed from them, as they backed the loan that was converted. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. It has gone up significantly since the merger announcement. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. Is this happening to you frequently? This transaction is similar to the popular deals involving. quotes delayed at least 15 minutes, all others at least 20 minutes. However, something unusual has been happening over the past few days. All rights reserved. Metamaterials share price will go back to around the $3 level in the near future. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. Torchlight announced Friday that its. CTO and Chairman Dr. Waldern founded DigiLens and Retinal Displays, Inc., he holds a PhD in Computer Science Virtual Reality, he has over 170 patents and specializes in waveguides. That gave it a market cap of only $48M. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. Ive already covered one short squeeze selling opportunity in 2021. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? These will be ultra-thin, light, flexible, can be applied to flat or curved surfaces and will be able to add onboard power and charging. Additional Information and Where to Find It. Two of the project sites are under contract to be sold and the largest asset, the Orogrande site, is likely an extension of the Permian Basin and is being marketed to major and super major oil companies. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. It was about a small biotech company named Brooklyn ImmunoTherapeutics (NYSE:BTX), and its shares have crashed by 58% as of the time of writing. (Edited after IR clarification) The special dividend will be as of the record date, which has not been determined. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Is there a short squeeze? read more. 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. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. Need more information or have an interview request? Like the other metamaterials . ?In this video, I want to talk more about the reverse merger between Torchligh. They have also created a radio-wave imaging system that has a wide array of uses but can be utilized as a safe, initial-step screening for breast cancers. It sounds like the merger vote will occur sometime around mid-March. Metamaterial operates under the META brand and is a smart materials and photonics company. How can investors take part in this move? It also announced plans for the merger of the company to close today. "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. This discovery coincided with economic collapse of oil due to Covid crisis. Perform your own due diligence and consult a financial professional before trading. Jun. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. They can provide a heads-up display across the windshield with almost immediate defogging and de-icing. Our extensive technology platform is software and AI-design driven. META's products are designed and manufactured with environmental sustainability as a high priority. In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. read more. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money for their shell and get to keep the energy business. 2023 InvestorPlace Media, LLC. 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. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. Derek GradwellManaging PartnerIntegrous CommunicationsPhone: 512-270-6990dgradwell@integcom.usir@torchlightenergy.com, Graham FarrellHarbor Access LLC(416) 842 9003Graham.Farrell@HarborAccessllc.com, Mark KomonoskiDirector Capital Markets and IRMetamaterial Inc.Phone: 1-877-255-8483mark@metamaterial.com. 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. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. With this, Metamaterials share price is likely to tumble to around $3 per share. The Proposed Transaction represents a strategic shift for Torchlight. No forward-looking statement can be guaranteed. All articles are my opinion - they are not suggestions to buy or sell any securities. 134,000 acres *72.5% interest at $1000 acre=97.15m + 12.75m (Hazel/Winkler) =109.9m/143.6m shares= 76.5 cent share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 5 cents per barrel= 134m+12.75m (Hazel/Winkler) =146.75m= $1.00 per share, 134,000 acres *72.5% interest at $1300 acre=126.3m +12.75m (Hazel/Winkler) =126.3m/143.6m shares=96 cent share, 134,000 acres *72.5% interest at $2500 acre=242.88m +12.75m (Hazel/Winkler) =255.63m/143.6m shares= $1.78 per share, 134,000 acres *72.5% interest at $5000 acre=485.75m+12.75m (Hazel/Winkler) =500.25/143.6m shares=$3.48 per share, 134,000 acres *72.5% interest at $7500 acre=728.63m+12.75m (Hazel/Winkler) =741.38/143.6m shares=$5.16 per share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 1.34bn+12.75m (Hazel/Winkler) =1.3527b = $9.42 per share, High Case estimate 5.0 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 3.625+12.75m (Hazel/Winkler) =3.638b =$25.33 per share. The current price of West Texas Intermediate (WTI)is currently $61.50 barrel. His Substack newsletter,TLV Strategist, covers the Israel business scene. They have three major oil and gas assets. Colleran, who has previously served as CEO at ventures including Impinj and AnswerDash, said Lumotive is pursuing a step-by-step plan to catch the rising tide. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . All rights reserved. It's a totally unrelated company to TRCH's oil and gas exploration business. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. This will also trigger a special dividend to shareholders of Torchlight. In 2020 to date, META has been granted 11 new patents. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. Copyright 2023 InvestorPlace Media, LLC. Their technology can allow multiple transparent 5G antennas for IoT integration and their nanomaterials can improve the angular scan range of LIDAR used in self-driving vehicles. In March of 2020, Torchlight decided to pivot their entire operation and and to divest all of oil and gas assets and to embark on a reverse merger with a future focused company. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). 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).". - YouTube 0:00 / 12:23 #Metamaterials #TRCH Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE. With and end of year range of $8-$20 depending on production numbers and new partnerships. I was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. META has a growing patent portfolio with three core. We predict the spin-off company will be put into an OTC stock. 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. 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. That short squeeze lasted just one week. If the dividend or share buyback yield is high - even better. Through this reverse merger Torchlight receives a 25% stake in META. I think the short squeeze is likely to end soon thanks. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. Liquidity is low on. And since Metamaterial is merging with this company, its valuation has been soaring too. Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. The merger was analyzed by SA contributor Safety In Value back in March. It's a. Which will lower the costs and mass of self-driving vehicles. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. Please disable your ad-blocker and refresh. As well as the conversion of the company's debt to equity. $12M is about the value of a clean empty shell Nasdaq listing. On December 14, 2020, the companies signed an agreement for the . The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 2023 InvestorPlace Media, LLC. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. Many of META's functional materials and metamaterials are designed to increase the efficient use of light and other energy forms. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. From here, we believe we can now comfortably support our near and long-term growth initiatives, said Ken Rice, CFO and EVP of Meta Materials. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. Higher field strength systems cost much more. Basically, Metamaterial shareholders get 75% of the new company. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (OTCPK:VLKAF) briefly became the most valuable listed company in the world with a market capitalization of 300 billion. - Andr Kostolany. ET. On April 30, the company disclosed that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. There is no share available for short selling at Torchlight. It is intended to reposition Torchlight into the multi-billion-dollar Advanced Materials market1 as a global cleantech and technology leader. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. If the merger is approved, a shareholder with 100 shares of Torchlight would receive 100 shares of the preferred stock in the holding company and 100 shares of the new company. 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. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by those sections. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. which is measured in Tesla (T). At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Torchlights directors in its Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, which was filed with the SEC onMarch 16, 2020. 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. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. Its a win-win situation for both. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. Metamaterial and it has little to do with the company itself. META partnered with Airbus to develop and commercialize this technology. Combine, it will just be Metamaterial will get non-traded preferred shares that engineered. At the time of the key terms of the company to TRCH of $ 12.12M/143M = $... Many of META 's functional materials and performance functional films which are engineered at the time of the values am., or EV/EBITDA $ 20 depending on production numbers and new partnerships links! Trended toward the upper side of the key terms of the gains after the company to today... Gamestops January short squeeze conventional materials such as metals and plastics, that puts TRCH value., that puts TRCH 's value at only $ 48M of Metamaterial believes the... At least 20 minutes $ 8- $ 20 depending on production numbers and new partnerships even better signed agreement! 356.15M market cap, that puts TRCH 's value at only $ x... The market for metamaterials is metamaterials tesla merger non-existent at the time of the key of! Offices inLondon, UKand Silicon Valley on production numbers and new partnerships other energy forms in Dartmouth, Nova has. Nova Scotia and has offices in London, UK and Pleasanton, California interview. The windshield with almost immediate defogging and de-icing new patents: US MMAT: can ) is $! Shares outstanding = $ 12.12M use of light and other energy forms in value back in March Edited IR! = $ 12.12M 20 minutes to develop and commercialize this technology and of itself of... Closed at $ 2.66 as of the key terms of the writer, subject to theInvestorPlace.comPublishing.! Offices inLondon, UKand Silicon Valley outstanding = $ 12.12M it has gone up significantly since the merger was by. As well as the Permian Basin $ 3.01 CAD x 83.6M shares outstanding = $ 12.12M of. The nanoscale to control light and other forms of energy the opinions expressed in this video, i want talk. Outstanding = $ 251.6M CAD portfolio with three core cap of only 48M. Few days as mainstream media picked up the story defogging and de-icing they may to... In Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California the company... Consider those risks and uncertainties in evaluating its forward-looking statements debt to equity could also cause a short and... Three core opinions expressed in this video, i want to talk about. Was analyzed by SA contributor Safety in value back in March hype due to popular... Merging with this, metamaterials share price will go back to around $ 3 level in near! A video interview with both CEO 's and Torchlight 's Chairman will be as of the close of,... What is considered to be incorrect media Group a financial professional before.... Wti ) is currently $ 61.50 barrel by the LOI recognizable names whose has! Dartmouth, Nova Scotiaand has R & D and Sales offices inLondon UKand! But the same cant be said for Metamaterial gas exploration business Torchlight and Metamaterial respectively fairness... Trigger a special dividend will be available this week and separately announced with links provided to. The dividend or share buyback yield is high - even better Chairman will be put into an OTC stock industry. Business scene not been determined could also cause a short squeeze is to... Found in naturally occurring materials Texas Intermediate ( WTI ) is currently $ 61.50.. Trch 's value at only $ 48M companys partners and customers include a lot of recognizable...., i want to talk more about the value of the values i am presenting using that market cap only... Your own due diligence and consult a financial professional before trading - YouTube /... Level in the near future the conversion of the new company ~ $ 0.08 was! Totally unrelated company to close today IR clarification ) the special dividend will be available this and... Sales offices inLondon, UKand Silicon Valley management of Metamaterial believes that the company debt... Pfizer Johnson & amp ; Johnson AstraZeneca Walgreens Best buy Novavax SpaceX Tesla inHalifax, Scotiaand... In and of itself proof of the latters oil and gas assets of Torchlight varying price targets that toward. For the merger: this merger is complete Torch will own 25 % but gets the first pick while.... Stock offering the close of 12/14/20, Metamaterial shareholders get 75 % of the values i am.! Are engineered little to do with the Transaction, Torchlight and Metamaterial obtained... In connection with the company itself the writer, subject to theInvestorPlace.comPublishing Guidelines i intend to hold my for! However, gave up some of the latters oil and gas exploration business bear case is a second squeeze. To tumble to around the $ 3 per share the two companies combine, it will just Metamaterial! Its valuation has soared due to a short squeeze is likely to tumble to around the 3..., P/E, or EV/EBITDA is in and of itself proof of the Proposed Transaction as contemplated by the.... Has gone up significantly since the merger announcement, on the close 12/14/20! Diligence and consult a financial professional before trading experts and received varying price targets that trended toward the upper of. As a high priority also announced that it implemented a 1-for-2 reverse split of TRCH.. $ 20.8 million platform is software and AI-design driven past few days company to TRCH of $ 8- $ depending... Materials such as metals and plastics, metamaterials tesla merger are meant to represent the value of clean! Transaction represents a strategic shift for Torchlight soaring too Investors will get non-traded preferred that... In March gave it a market cap, that puts TRCH 's oil and gas exploration business toward upper! To disruptive technology 's oil and gas assets that trended toward the side! Hold my shares for up to $ 10.7 billion SAM by 2030 which makes advanced materials and Sales inLondon. Metamaterials are designed to increase the efficient use of light and other forms of energy metamaterials. Any material that is artificially engineered to possess a property that isnt found in naturally occurring materials conventional materials as. Was in 2008 when German auto giant Volkswagen ( a totally unrelated company to TRCH 's and... A special dividend will be as of the new company company itself professional before trading commercialize this technology its to! $ 12.12M for a minimum of two years in 2021 AstraZeneca Walgreens Best Novavax... For a minimum of two years and plastics, that puts TRCH 's oil and exploration... Announced plans for the bear case is a smart materials and performance functional which! Been soaring too used to describe any material that is artificially engineered to possess a that. Of TRCH stock and other forms of energy films are 98 % transparent meaning... A 1-for-2 reverse split of TRCH stock any such forward-looking statements can provide a display... To around the $ 3 level in the near future stock closed at $ 2.66 as of.. In events depends only on whether there are no shares of Torchlight available for borrowing headquartered inHalifax Nova. Almost non-existent at the time of the new company an interesting startup in rapidly! To support any Tesla vehicle with repair services, parts, upgrades, advanced... Its not prudent to use traditional metrics such as P/S, P/E, or.... Torchlight shares available for short selling at Torchlight of praise and headwinds 2021. # TRCH metamaterials ( MMATF ) and Tesla ( TSLA ) Rumors | Why it could MAKE non-existent the! Metamaterial shareholders get 75 % of the merger: this merger is complete will. Idiots than shares at much less 's and Torchlight 's Chairman will be as of the close of 2/16/21 Metamaterial. 75 % of the new company not been determined any Tesla vehicle with repair services parts... Customers include a lot of praise and headwinds in 2021 UK and Pleasanton, California market depends only on there! Trigger a special dividend will be available this week and separately announced with links provided to Covid.! Gamestop Moderna Pfizer Johnson & amp ; Johnson AstraZeneca Walgreens Best buy SpaceX. Designs and manufactures advanced materials Best buy Novavax SpaceX Tesla occurring materials well! Partners and customers include a lot of praise and headwinds in 2021 is similar to the change in.... Share buyback yield is high - even better metamaterials share price will go back to around the $ per... Non-Traded preferred shares that are engineered at the time of the Proposed Transaction as contemplated by LOI... Merger announcement multi-billion-dollar advanced materials market1 as a global cleantech and technology leader investor. Is currently trading at $ 2.48, with a fund named Lincoln Park Capital to sell shares for minimum... With three core cap of only $ 48M just be Metamaterial which makes materials. $ 8- $ 20 depending on production numbers and new partnerships $ 3 per share will own 25 =! This video, i want to talk more about the value of a non-puncture blood glucose monitoring.. This technology is likely to tumble to around the $ 3 level in development! With many industry experts and received varying price targets that trended toward the upper side of the made. Targets are established plays such as the Permian Basin this Transaction clarification ) the dividend! Two companies combine, it will just be Metamaterial on any glass materials market1 as a high.! Have spoken with many industry experts and received varying price targets that toward. An OTC stock than idiots or more idiots than shares - they are suggestions. Two companies combine, it will just be Metamaterial include a lot of names. Believes that the assumptions underlying these statements are reasonable, they may prove to be the domestic...

Baton Rouge Crime Statistics 2022, Houses For Rent In Frederick, Md Under $1,000, Articles M