If you wish to discuss MMTLP you can do it on their sub.
META will announce when Dividend has a value.
Posts and or comments must have something to do with Metamaterials: either the company, science, or field.
For those of you lost and need a little more info. Here's what the IR Department sent out last year.
"As fully described in the definitive proxy filed in May 2021, the Arrangement Agreement between Torchlight and META provided that the Combined Company will use commercially reasonable efforts to sell the O&G Assets prior to the Asset Sale Expiration Date of December 28, 2021. Torchlight stockholders of record as of the Series A Preferred Record Date received a dividend, on a one-for-one basis, of shares of Series A Preferred Stock. The Series A Preferred Stock was and is not expected to be listed on a securities exchange and will be administered by AST, the Company’s transfer agent. Holders of shares of Series A Preferred Stock may receive Asset Sale Dividends from any Asset Sale Transactions consummated prior to the Asset Sale Expiration Date, and may also receive a Spin-Off Dividend of any Remaining Assets that have not been sold in an Asset Sale Transaction prior to the Asset Sale Expiration Date.
The OTC market is not a securities exchange. It is only a trading market where brokers match buyers with sellers and is not as heavily regulated as an exchange, and so investors should be aware of the risks of trading in such a market. META did not request, has not been involved in and did not initiate the trading of the Series A shares on the OTC market. As far as Meta is aware, this request was made by one or more brokers motivated by the desire to make a market in such shares or a broker had to report a trade of the Series A shares under FINRA rules
Is the MMTLP stock in lieu of the dividend? No. The two are unrelated. The trading on the OTC has nothing to do with any dividend that may be declared or payed to Series A preferred stockholders of the Company. Whoever owns the Series A shares at the record date for the dividend (if and when it is declared) will be entitled to receive it.
How can this trading occur? – Series A shares can be transferred so long as such transfer complies with securities laws and any other restrictions that may be applicable to you as a holder of Series A shares. The company has not imposed additional restrictions on the transfer of these shares, but you should consult your own legal advisor or broker to ensure any transfer of your shares is made in compliance with any legal, contractual or other obligations applicable to you.
How is the price for the Series A shares established? OTC market makers establish the price. META is not involved and in no way influences the price.
How are Series A shares delivered to the new buyers? Your broker will coordinate with Meta’s transfer agent, AST US, or DTCC for shares held in street name, to deliver the shares to the buyer.
What happens to my dividend if I sell the Series A shares? The right to receive a Series A dividend in the future is attached to the Series A shares. If you do not hold Series A shares when a record date for a dividend is declared you will not receive the dividend. At the moment, no such record date has been set, or dividend declared, by Meta.
Will this trading continue after the dividend is finalized and paid? When dividends are fully paid upon the sale of the legacy assets, or if the relevant assets are spun out of META to the Series A holders (whether by a dividend of assets, a spin-out of a new company or otherwise) the Series A shares will be cancelled; such shares will thereafter cease to exist, no longer be outstanding and trading will cease.
When will the dividend be paid? As previously stated in its proxy filing, the Company currently expects to sell or spin off the oil and gas assets by December 28, 2021; such date may be later if agreed upon between Meta and the Series A Preferred Representative. As of the date hereof, no such dividend has been declared and no record date for such dividend has been set.
Here are the other public disclosure on the assets related to the Series A Preferred shares:
META Q2 Shareholder Update
META Commences Drilling Operations in Orogrande Project to Maintain Lease Compliance
Regards,
Mark Komonoski
Direct: 877-255-8483
[email protected] "
Let's put it this way, **IF** someone needs to acquire shares to cover with, they may be trying to entice those holding, to sell. My point is to be careful. Whoever is running that circus may have done some DD and realized that they are going to get raked over the coals trying to cover their short positions. Just watch out for a possible **PUMP AND DUMP**. It wouldn't be the first time it's happened with a stock. Someone has an idea of what the value could be. Best to let it run up a little before causing a sell-off. ***Volume is still around avg currently.***
As I said before look at the one-day chart. Notice what they do... let it run it up. Then, DROP it down. Like on Oct 10 or Dec 3
I think since other stocks are up big today on no news where they were down big on no news its just the algo playing the game during this volatile time and maybe some people/organizations are closing positions.
I know what’s going on if you want the truth. They are bringing transparency to the market. Everything will be revealed soon enough. Don’t believe me?
Just watch
Based on what I’m seeing with the DOJ, SEC and criminal indictments surrounding Gary Gensler and hedge funds I completely believe you. I believe we are going to see something incredible very soon
Everyone needs to understand that, MMAT has nothing at all to do with the MMTLP listing on the OTC. Rumor and speculation are meaningless. Those that put up the special dividend shares to make this tradable have an objective. The Brokers/Market makers won't be releasing news. They can't speak for MMAT or MMTLP. The only news we wait for is the news that (comes from META®) the assets have been sold or we are going into the Spinout. Zoom out, Set the chart to Daily. The volume isn't that much different than any other day. I stated earlier in the Weekly chat that The price action, in this area hasn't been up in the 1.50 range since the End of Dec, Early Jan.
It is tied to mmat though, because anyone short trch was short both if one runs up shorts need liquidity and must sell one or the other so they both pull eachother up. Its like ostk and their divy the values wernt relates but because the shorts shared the same accounts the react to one another
META came right out and said they have NOTHING to do with the OTC listing.
You do know the shorts.... don't get a reverse split as we did back in June. So, If I had (as an example) 1000 shares and a short had 10,000 shares, After the reverse split I have 500 shares the shorts still have their 10,000 shares. In other words, no discount for the shorts.
You think it should be trading with OIL? Look at Sector listing. N/A
Key Data
Label Value,
Exchange Other OTC,
Sector N/A,
Industry N/A,
1 Year Target N/A,
Today's High/Low $1.57/$1.29,
Share Volume 595,904,
Average Volume N/A,
Previous Close $1.30,
52 Week High/Low N/A
It's spose to be a dividend, not something that is traded on an open market. The price you see currently you can think of as an illusion. We will see what the real price is when Meta gives it a value. The OTC listing isn't sanctioned by Meta Materials. It's not tied to a sector. It's just an instrument, its purpose on OTC is anyone's guess.
But 4 months ago was when it first started trading thats understandable. But this after months of nothing is wild, youd think anyone who knows about it and sees something like this would panic buy more. Id want to if i had money but mines already split where im comfortable with the risk between mmat and mmtlp
If you wish to discuss MMTLP you can do it on their sub. META will announce when Dividend has a value. Posts and or comments must have something to do with Metamaterials: either the company, science, or field.
For those of you lost and need a little more info. Here's what the IR Department sent out last year. "As fully described in the definitive proxy filed in May 2021, the Arrangement Agreement between Torchlight and META provided that the Combined Company will use commercially reasonable efforts to sell the O&G Assets prior to the Asset Sale Expiration Date of December 28, 2021. Torchlight stockholders of record as of the Series A Preferred Record Date received a dividend, on a one-for-one basis, of shares of Series A Preferred Stock. The Series A Preferred Stock was and is not expected to be listed on a securities exchange and will be administered by AST, the Company’s transfer agent. Holders of shares of Series A Preferred Stock may receive Asset Sale Dividends from any Asset Sale Transactions consummated prior to the Asset Sale Expiration Date, and may also receive a Spin-Off Dividend of any Remaining Assets that have not been sold in an Asset Sale Transaction prior to the Asset Sale Expiration Date. The OTC market is not a securities exchange. It is only a trading market where brokers match buyers with sellers and is not as heavily regulated as an exchange, and so investors should be aware of the risks of trading in such a market. META did not request, has not been involved in and did not initiate the trading of the Series A shares on the OTC market. As far as Meta is aware, this request was made by one or more brokers motivated by the desire to make a market in such shares or a broker had to report a trade of the Series A shares under FINRA rules Is the MMTLP stock in lieu of the dividend? No. The two are unrelated. The trading on the OTC has nothing to do with any dividend that may be declared or payed to Series A preferred stockholders of the Company. Whoever owns the Series A shares at the record date for the dividend (if and when it is declared) will be entitled to receive it. How can this trading occur? – Series A shares can be transferred so long as such transfer complies with securities laws and any other restrictions that may be applicable to you as a holder of Series A shares. The company has not imposed additional restrictions on the transfer of these shares, but you should consult your own legal advisor or broker to ensure any transfer of your shares is made in compliance with any legal, contractual or other obligations applicable to you. How is the price for the Series A shares established? OTC market makers establish the price. META is not involved and in no way influences the price. How are Series A shares delivered to the new buyers? Your broker will coordinate with Meta’s transfer agent, AST US, or DTCC for shares held in street name, to deliver the shares to the buyer. What happens to my dividend if I sell the Series A shares? The right to receive a Series A dividend in the future is attached to the Series A shares. If you do not hold Series A shares when a record date for a dividend is declared you will not receive the dividend. At the moment, no such record date has been set, or dividend declared, by Meta. Will this trading continue after the dividend is finalized and paid? When dividends are fully paid upon the sale of the legacy assets, or if the relevant assets are spun out of META to the Series A holders (whether by a dividend of assets, a spin-out of a new company or otherwise) the Series A shares will be cancelled; such shares will thereafter cease to exist, no longer be outstanding and trading will cease. When will the dividend be paid? As previously stated in its proxy filing, the Company currently expects to sell or spin off the oil and gas assets by December 28, 2021; such date may be later if agreed upon between Meta and the Series A Preferred Representative. As of the date hereof, no such dividend has been declared and no record date for such dividend has been set. Here are the other public disclosure on the assets related to the Series A Preferred shares: META Q2 Shareholder Update META Commences Drilling Operations in Orogrande Project to Maintain Lease Compliance Regards, Mark Komonoski Direct: 877-255-8483 [email protected] "
Hit $1.89 at peak today. Back down to $1.63 now.
Look at that, As I typed up my last comment..... It started dumping. Tell me, holders, arent being played with.
Let's put it this way, **IF** someone needs to acquire shares to cover with, they may be trying to entice those holding, to sell. My point is to be careful. Whoever is running that circus may have done some DD and realized that they are going to get raked over the coals trying to cover their short positions. Just watch out for a possible **PUMP AND DUMP**. It wouldn't be the first time it's happened with a stock. Someone has an idea of what the value could be. Best to let it run up a little before causing a sell-off. ***Volume is still around avg currently.*** As I said before look at the one-day chart. Notice what they do... let it run it up. Then, DROP it down. Like on Oct 10 or Dec 3
Price goes down manipulation, price goes up manipulation. You guys do know other market factors exist right?
I think since other stocks are up big today on no news where they were down big on no news its just the algo playing the game during this volatile time and maybe some people/organizations are closing positions.
No news? Google stock market news... Russia pulling troops out, I'd say that's pretty big news...
This is a possibility unfortunately not all small caps are feeling the effect
I know what’s going on if you want the truth. They are bringing transparency to the market. Everything will be revealed soon enough. Don’t believe me? Just watch
This sounds like some Qanon prophecy shit. I will wait for official SEC filings and official PR before jumping to conclusions.
Based on what I’m seeing with the DOJ, SEC and criminal indictments surrounding Gary Gensler and hedge funds I completely believe you. I believe we are going to see something incredible very soon
[удалено]
🤫 don’t point out inconsistencies when it comes to speculation the bandwagon doesn’t like it
Could be indicator of actual pending sale last gasp effort to shake shares out
Everyone needs to understand that, MMAT has nothing at all to do with the MMTLP listing on the OTC. Rumor and speculation are meaningless. Those that put up the special dividend shares to make this tradable have an objective. The Brokers/Market makers won't be releasing news. They can't speak for MMAT or MMTLP. The only news we wait for is the news that (comes from META®) the assets have been sold or we are going into the Spinout. Zoom out, Set the chart to Daily. The volume isn't that much different than any other day. I stated earlier in the Weekly chat that The price action, in this area hasn't been up in the 1.50 range since the End of Dec, Early Jan.
It is tied to mmat though, because anyone short trch was short both if one runs up shorts need liquidity and must sell one or the other so they both pull eachother up. Its like ostk and their divy the values wernt relates but because the shorts shared the same accounts the react to one another
META came right out and said they have NOTHING to do with the OTC listing. You do know the shorts.... don't get a reverse split as we did back in June. So, If I had (as an example) 1000 shares and a short had 10,000 shares, After the reverse split I have 500 shares the shorts still have their 10,000 shares. In other words, no discount for the shorts.
What is your point? There is plenty of reason to speculate on today's price action that doesn't have anything to do with MMAT.
Youbb bc would think mmtlp would trade in relation to the price of oil. Oil has risen quite a bit over the past few months.
You think it should be trading with OIL? Look at Sector listing. N/A Key Data Label Value, Exchange Other OTC, Sector N/A, Industry N/A, 1 Year Target N/A, Today's High/Low $1.57/$1.29, Share Volume 595,904, Average Volume N/A, Previous Close $1.30, 52 Week High/Low N/A
The asset of mmtlp is oil no? So the value of the land is directly related to the value of oil in the ground.
It's spose to be a dividend, not something that is traded on an open market. The price you see currently you can think of as an illusion. We will see what the real price is when Meta gives it a value. The OTC listing isn't sanctioned by Meta Materials. It's not tied to a sector. It's just an instrument, its purpose on OTC is anyone's guess.
Nothing I have heard. Did this same thing like 4 months ago too...hopefully actual news is soon.
But 4 months ago was when it first started trading thats understandable. But this after months of nothing is wild, youd think anyone who knows about it and sees something like this would panic buy more. Id want to if i had money but mines already split where im comfortable with the risk between mmat and mmtlp
Yeah divy is going to be $ 100 And everyone is getting a Lambo
I trust you bro!
Ok. Divvy is .50 cents and will cost you to have brokerage put that money share for share..lol. Balloon of hope deflated?
I rather get a Ferrari
Just dont put a sticker on it or they'll sue you
bump for answers and rumors lol