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. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. EMI shielding market projected to be valued at 6.8Bn in 2020 9.2B by 2025 CAGR 6.3% 2020-2025 Source: (Research and Markets). Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. 1k$ before has to be 1k$ after merger whether it's TRCH or MMATF, doesn't matter. I am not a financial advisor or a ring theorist at harvard, but based on what I've read, MMAT needs to list @ around $5 for your MMATF shares to break even. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. DIVIDEND PAYOUT!? If you own 100 shares of MMATF, this will turn into 300 shares of META after merger…no dividend. Currency in USD, IRS to Send Supplemental Stimulus Payments to 2020 Tax Filers, How Sprout Wellness is helping companies address burnout and mental health in the workplace, $1400 Stimulus May Be on the Way — This Time from Your State. Valuation – The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. I am long in TRCH at 36K shares and long in MMATF at 60K shares. Your new amount of shares will be calculated by the closing price of TRCH at merger to determine the … 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. We do not have a date. This will forever change how MRI scans are done and has billions on billions of potential revenue when it comes to that product alone. 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. 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. Vote was today. Please keep in mind that this is an open forum, and advice from Reddit may not be in your best interest. I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. (TRCH STOCK) (MMATF) (TSLA) Today we will be discussing ticker symbol TRCH. 276 If the valuation is lower than that, I will personally be punching out my gains and punching back into MMAT at a discount. Man if so much of this guys video wasn’t a reach he might get taken a bit more seriously. META is currently trading at $2.66 – I anticipate a near doubling with a successful merger vote. I looked up the wells in the Orogrande Basin. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. A place to discuss penny stocks freely. I’m new to investing and a bit confused about results of the merger. As this is not investment advice anyways, here are some possible valuations. Double down on my positions premarket. I couldn't find any production data. They have been investing money into research and development, IP acquisitions and scaling their operations. 3rd party valuation of potential recoverable hydrocarbons, 2. They acquired this land at $10,471 per acre. The upside of the trade is much higher than the down side. Torchlight Energy Resources, Inc. TRCH Stock Message Board: supposedly a merger with MMATF, who are all TRCH will own 25% of META if they merge, which will allow real money to start flowing into META because it’s an OTC that will be on the NYSE post merger. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. Medical Applications – META has a strong research base in photonics as well as wireless technologies, they are currently able to enhance the signals 200-500% on MRIs with their resonators and intensity correction algorithms. . Invest how you like, but look at any tech innovator and see their gains over time. If it is still 2.5$, i would loose 3/4 of my money. We official now! Or does TRCH gain value relative to META? @chassytimi, the merger went through with TRCH, even if u were to buy TRCH you would end up with Meta Materials at the end of the merger idk when it is but it did go through. Technology. Meeting June 11th! The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. MetaMorphix PRIVATE Updated Jan 1, 1970 12:00 AM. It's a win win scenario. ELON MUSK JUST SAID THIS : DOGECOIN WILL HIT $1 ON THIS DATE! I was also advised that the merger and acquisition market for oil and gas companies is still soft but that is expected to change quickly with the rise in oil demand and subsequent price. Sorry buddy. CTO Jonathan Waldern stated, “Under a new brand name, metaFUSION™, we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLens®.”. Please contact us via modmail if you have any questions or concerns. This will also trigger a special dividend to shareholders of Torchlight. Ferrotec (USA) Corporation, the US subsidiary of Ferrotec Holdings Corp., a global supplier of materials, components, and precision system solutions, today announced that Metamaterial … As you can see, there are many possible valuations. Advanced Stock Screeners and Research Tools. How do you get that $5 price point to break even? Here is a DD write up and estimate by user u/Mr_Delmont. TRCH will easily hit $10 if the merger is true because big money will start to flow into it. Share on Facebook ... not one word was said hey buy my stock and will screw you after the merger. 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. The last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. This discovery coincided with economic collapse of oil due to Covid crisis. MMATF will … No matter what you're investing into the combined company. © 2021 Verizon Media. That is the question, I tried to supply the math on all the potential prices that were suggested to me by people in the industry. I watched this video yesterday Feb 24th & bought MMATF. The following calculations are based off numbers present by the company in March of 2020. LETS GO BULLS! They have three major oil and gas assets. this company is cool and has a lot of partner ships with big companies a notable one is LMT. Metamaterial Inc (MMATF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 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. They acquired this land at $10,471 per acre, this land was 74% proved and developed . They can provide a heads-up display across the windshield with almost immediate defogging and de-icing. Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. CEO and Founder -George Palikaras Ph.D. 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. MMATF will get 3:1 stock after the merger. They charge a reorganization fee? They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. MMATF has billions in potential revenue and has their hands in 13 different sectors that are all growing. (you can quote me on this). CFO & EVP - Ken Rice has a JD, MBA and a Master of Laws in taxation, he works as in-house counsel and is charge of financing efforts and progressing Meta’s medical products initiatives. TD hasn't charged ne anything on prior mergers. Etrade has a $7 commission on these :/ granted if you're buying a lot at once, that's pretty insignificant, This DD is so awesome I am BUYING MORE. Hydrocarbons to Carbon Nanotubes - META and Torchlight Merger DD, More posts from the pennystocks community. We do not have a valuation for the new company. I am a bot, and this comment was made automatically. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. The merger passed. 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. This video will hopefully give you everything you need to know about Torchlight TRCH and Metamaterials META/MMATF stock reverse merger. Metamaterial (OTCPK:MMATF) is merging with Torchlight Energy Resources (TRCH). At this point I think their customer service reps probably have PhDs. - PennyQueen. 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. That3:1 ratio is still giving a lot of people the false impression MMATF shareholders are gonna quadruple their money on merger. Companies in stock-for-stock mergers agree to exchange shares based on a set ratio. Metamaterial Inc is a smart materials and photonics company. March 16, 2021. in Marijuana Medical Benefits. Your new amount of shares will be calculated by the closing price of TRCH at merger to determine the … Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. After the merger is complete META will be the company name and it will be listed on the NASDAQ. The ratio 4-1 for trch would lead to have only 100 new share of the new meta however what would be the Price. 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 recent loan from Torchlight does not figure into the numbers below. 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. Bearish Candlestick Patterns; Bullish Candlestick Patterns; Candlestick Patterns; Trading Candlestick Cheet Sheet; Trading Education According to META, the 2nd generation manufacturing line is capable of 100,000+ units per month, to support AR and other holographic products, such as automotive HUD displays, laser glare protection, optical filters, diffractive optics, and other photonic applications. Date announced Permian deal Value per acre (USD), March 2018 Concho Resources-RSP Permian $75,504, August 2018 Diamondback Energy-Ajax Resources $33,008, July 2019 Callon Petroleum-Carrizo Oil & Gas $16,547, December 2019 WPX Energy-Felix Energy $11,965, October 2020 ConocoPhillips-Concho Resources $10,471, Plunging shale acreage values may create a new Permian M&A wave 11.12.2020, 2021 Oil and Gas M&A Outlook | Deloitte US. I bought TRCH through Robinhood and Robinhood doesn't allow OTC shares. Their 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. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. While they do have revenue and have partnered with major companies (Samsung, Boeing, Airbus), I am thinking of them more in terms of a pre-revenue IPO. The current price of West Texas Intermediate (WTI)is currently $61.50 barrel. Google finance notes a 21.48% year over year revenue increase and META claims a $121m a year revenue potential over the next 18 months. Oil prices are expected to rise to $80-$100 a barrel in the next six months. Don't buy Tesla, it had its IPO at $3.84 , must be overpriced. It sounds like the merger vote will occur sometime around mid-March. I am not able to understand what will happen to my shares after the merger . Will there be any issue selling TRCH shares post-merger? Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. Meta also owns TATA motors. Could have completely dove into why them sharing a research address is important. They have also created a radio-wave imaging sytsem that has a wide array of uses but can be utilized as a safe, initial-step screening for breast cancers. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. CSO and co-Founder Themos Kallos is Chief Science Officer with Ph.D. in Electrical Engineering with expertise in applied physics, metamaterials, wireless communications, and electromagnetic simulations. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. META. You can't get free shares without dilution, it has to stay cashneutral. 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. TRCH & MMATF MERGER! im not very worried bc she'll get up listed Made sense since I should be getting 3 or 4 shares per 1 share that I own; however, I just watched a video on another channel that was posted Feb 21st & he said it was too late to buy MMATF & get the additional shares after the merger. They just received a 10m loan from Torchlight to continue this expansion. (THIS WILL CHANGE DOGECOIN #SNL) Categories. You are aware this fact strengthens the DD, yes? 2 months TRCH and MMATF merger, ... top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs & funds, bonds & rates and much more. (Edited after IR clarification) The special dividend will be as of the record date, which has not been determined. 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 see TRCH market cap tripling post merger. https://metamaterial.com/wp-content/uploads/2021/04/META-Shareholder-Letter-Q42020-FINAL-4.21.2021.pdf, https://ca.finance.yahoo.com/news/sage-geosystems-collaborates-metamaterial-subsurface-193000372.html, https://mobile.twitter.com/palikaras/status/1390815998207533059, https://www.prnewswire.co.uk/news-releases/metamaterial-market-worth-1-457-million-by-2026-exclusive-report-by-marketsandmarkets-tm--882777635.html. I intend to hold my shares for a minimum of two years. 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. Identify stocks that meet your criteria using seven unique stock screeners. If it does please upvote this comment. Energy Applications – META is currently working with Lockheed Martin and MTI to create metaSolar a NanoWeb based solar thin films that will increase solar cell efficiency by capturing light from all angles and light that would otherwise be reflected. 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).
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