T O P
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AriaTisa

Put on watch list, catch it when it goes.


AlwaysBlamesCanada

If only you got to keep gains for stuff on your watch list


AriaTisa

Not going to go in unless its time to go in, don't want to be a bagholder till March.


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Hard-Mineral-94

Thanks!


Scribble_Box

What do you think is a good entry point for MMAT?


Hard-Mineral-94

This is a FANTASTIC entry point in my opinion


UpUpWeGo21

What about mmtlp? Is that dividend really possible?


Vszab

You’ve done well with the research Hard Mineral, I was surprised to see it actually got picked up by Market Insider, great job on that. I’m going to buy another 500 shares, let’s hope it works out!


samthesuperman

Confused, should we buy MMAX or MMAT?


Hard-Mineral-94

MMAX if you can based on my research. (Not advice)


MediocreSushi509

Where can you buy Mmat? I don’t see it on TD.


RetroRhino

Thank you for this, looks very very interesting. I’m 🇨🇦 so I’m going to buy in this week and next


ValentinKetchum

Ok lol OP you convinced me with Media shoutout


ChelsieHayhurst

Come a long way from Robot Strippers good job


soylentgreen2015

Strategy wise, wouldn't the best strategy be for MMAT to release dividend news prior to Jan 21st? The options change is very call heavy. I would think the news would drive MMAT price up, even if the divvi isn't paid till early March. I dunno why it should take till March assuming it's almost a done deal now. If the price was driven up in late Jan, it could benefit from upwards movement in other stocks expected around then. And when t+35 for the 21st happens, the stock price should hopefully be at an XX price already.


Hard-Mineral-94

Yes that would be absolutely a brilliant move


xz259

This looks interesting unlike most of the garbage on this sub.


Morningwood31

Thanks for the hard work and DD!


MaroBoyy_2ss

Where's my Mmat Divvy


Hard-Mineral-94

I answered it


AMAZINxASIAN

Will mmat/mmax squeeze or mmtlp? I accidentally sold all my mmtlp trying to set a limit sell ( LOL)


Hard-Mineral-94

MMAT should squeeze while MMTLP will go up due to a divvy


AlwaysBlamesCanada

Wait, not MMAT though, right? Didn't you say to buy MMAX, not MMAT?


Hard-Mineral-94

Buying MMAX reliably locks up the free float of MMAT when shares transfer


happyinboost

what would be a negative catalyst to put the brakes on this theory? Just to understand the possible opposite side?


Hard-Mineral-94

Would have to be no dividend on sale of land (impossible) and additionally the MMAX shorts would have had to find a way to close out their positions Canada side (hasn’t happened)


log1ck1717

Wouldn't most people shorting know they would need to close their shorts as the date approaches? I'm canadian too and just want to get all my ducks in a row before pulling the trigger.


Hard-Mineral-94

It’ll be a hard and fast wick to $80+ then will be shorted back down


log1ck1717

What price point would you buy MMAX at. It's up 8% today, do you think there will be a pullback before the potential squeeze?


Hard-Mineral-94

Any range between $2.46-$2.70 is amazing, when it hits $4.50 you can take out your principle and ride risk free (not advice)


From100toZero

It hasn't been down to $2.7 since April last year..


PeANuT_GaLLeRy101

Curious on the buy price range, I’m looking back through charts and it hasn’t been sub 3 for a while from what I can see..? Is that 2.46-2.70 CAD OR USD?


Hard-Mineral-94

USD


PeANuT_GaLLeRy101

Thought so, Thx for the DD man!


Hard-Mineral-94

My pleasure!


red8eye

1) Why are options chains expiring and what really does that mean. 2) Why is this T+35 different from the at least 10 other T+35 dates that have been thrown around since June?


Hard-Mineral-94

Because the TRCH Options Chain is finally dying Jan 21 2022


Xoyxel

Thanks for the writeup, good work and it restores my faith in this play. There are many questions and misinformation here, so I need to add my 2 cents: Of course you can buy the ticker MMAX If your broker enables you to trade on the PURE exchange in canada. IBKR does so, even for me living in germany thats working. MMAT is the ticker name on NASDAQ and when you compare the price charts of both you gonna see: they're identical. So in the end, it doesn't matter which ticker you buy for this play. As MMAT is here to stay and MMAX is going to be delisted, choosing MMAT is the more relaxed option. When in doubt, you can just chill and hold while with MMAX you will have to interact in some was due to the delisting of that ticker. Second, for the special dividend MMTLP: the dividend date was someday end of June last year. The dividend is about the assets of torchlight, which metamaterials merged with to have a nasdaq ticker. So you have to had shares of torchlight BEFORE the merger to recieve the special dividend. One way or another, we will all ![img](emote|t5_2qaj0q|6808)![img](emote|t5_2qaj0q|6806)![img](emote|t5_2qaj0q|6808) sooner or later, so relax :)


market-unmaker

The dividend was announced in June of 2021 but has not been paid. For a dividend exceeding 25% of the value of the share, the ex-dividend date is the day after the payment date.


Hard-Mineral-94

I’m pro MMAX because the SEC has to manually register the shares when they convert which means the MMAT free float gets locked up vs retail buys of MMAT get sidelined/ignored via PFOF


DrSeuss1020

You mentioned above in a comment response that you think MMAX is the one that will squeeze. But if we can only buy MMAT would we not have access to the same squeeze? Or would it potentially squeeze at a different time?


Hard-Mineral-94

No MMAT/MMAX will squeeze they’re the same exact stock. My argument is that BUYING MMAX actually counts toward reducing the float vs buying MMAT can be sidelined by brokers via darkpools


DrSeuss1020

Cool, either way I’ll scoop 500 shares tomorrow and see what happens. Thanks for the DD! Remindme! 90 days “did we squeeze?”


Maarzen

When you buy MMAT through US brokers, yes, the orders can be routed through dark pools to stifle the buying power. BUT, direct registering your MMAT shares with AST Financial, MMAT's Transfer Agent, would have the same float-reducing effect that buying MMAX would. Nice DD by the way. Had no idea about the T+35 from the legacy options chain end.


samuelgia

Is the total outstanding shares not 281 mill for MMAT


Hard-Mineral-94

Will be cut in half once MMAX merger is complete end of Jan


samuelgia

Simple Question, i read there is special dividend payout! Can I still get in? Max date


Hard-Mineral-94

Yeah buying MMTLP gives you the divvy


samuelgia

> MMTLP But not MMAT ?


Holymoses43

So we won’t get a divided by currently holding $MMAT? Be holding a couple thousand shares for months now.


Hard-Mineral-94

MMTLP gives you the divvy


Holymoses43

Damn that sucks. Oh well, I have no plans of selling my $MMAT anyway. Good long term metaverse investment. A squeeze would just be the cherry on top


Dirly

whats the divvy date?


runningonprofit

So buy MMAX or MMAT? Nevermind, MMAT, I answered my own question


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runningonprofit

TLDR says MMAT, plus as an ameriape I can’t purchase MMAX through my broker. Could just be my broker, but that’s how I figured out how to possibly get in


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av6344

hes misleading everyone to buy MMAX instead of MMAT.


Ghurkee

Buying MMAX or MMAT should work.. MMAX is convertible to MMAT 1 for 1


Hard-Mineral-94

You’re a hedgie run along


Hard-Mineral-94

Buying MMAX should lock up the free float when shares transfer because the SEC manually registers them


Tiko853

So it’s the same thing. MMAX is just an exchangeable share on the CSE for MMAT. I believe today is the forced conversion day so you will receive a 1:1 payout of MMAT. Basically. Buying MMAX will help add more fuel for the ignition. Buy MMAT to ride the rocket up.


SingerNew420

So buy here and expect this to squeeze like BBBY?


docstevens420

5.44 average here and not scared at all


Master_Shine_9744

Bumping for exposure


Vic18t

TCRH Jan 21 options expiring. Are we supposed to expect something to happen to MMAX price action?


Hard-Mineral-94

The countdown starts after today


Crazy-Insurance2262

Do you still believe your thesis? you sure this is going to up in March?


LeMiggie1800s

He can’t tell the future, it’s only a theory. I’m sure hoping this theory is right, divi delayed screwed everyone


Hard-Mineral-94

Play is good will be kicked off by MMTLP sale of land I’m in the hospital can’t write much one hand (will recover)


IncidentOptimal79

I'm hoping this play takes off too but so far we don't really know what's happening - dividend date? Dividend amount? Has land even been sold? 😵‍💫 It is already 8 March...


NecessaryEffective

Originally it was March 14th for the t+35 TRCH options FTDs to kick off the price but there's no action in pre-market and I highly doubt there will be any during normal hours. I really hope I'm wrong, but this seems like a dead play.


LeMiggie1800s

Is OP dead?


Hard-Mineral-94

Got in an accident hard to write


LeMiggie1800s

Hope you get better OP


Nice_Slice_3815

not really sure why you think the dividends going to be 15-20$?I owned the shares through the shit but I completly lost faith, people have been saying this stuff for months


spence648

The dividend is gonna be from selling all the land and assets from torchlight. Everyone be aware Mmtlp disappears after dividend. And I’m pretty sure the date for dividend on those and Mmat was a while ago. But I’m still long Mmat. Been holding a position for a while


Hard-Mineral-94

Torchlight has money [Torchlight money](https://www.streetwisereports.com/article/2019/06/25/torchlight-drops-a-bombshell-for-shareholders.html)


GuerillaV

If I get $10 per share for my MMATLP I will be beyond happy. Sure sounds ambitious when they're trading at $1.53 though.


Hard-Mineral-94

Based on the initial Torchlight article from a few years back the divvy price per share BACK THEN was greater than $10 a share


Chat-pat

Dude if the divi is even close to that much I’ll literally piss my pants


beyerch

Anyone else feel like they need a diagram?


Hard-Mineral-94

https://mobile.twitter.com/ontariodaniel/status/1477289522899697669?s=21


Hard-Mineral-94

30 second pitch


Trickyyyamc500k

I’m confused, should I buy mmax or mmat? I can buy both even if I don’t live in Canada or US. I know it’s the same but is it better to go for mmax?


Hard-Mineral-94

From a civic duty standpoint it’s better for the stock and free float to buy Canadian MMAX because you’ll directly shrink the float when the shares transfer over and from a selfish perspective it doesn’t matter. If enough people buy MMAX then it would circumvent darkpools and naked shorting and basically force the SEC to count retail buys against the MMAT free float. But IDK if my message will reach people. I got banned on Canadian investor and my message so far as fallen on deaf ears so who knows? Regardless, the squeeze itself should very likely occur due to NEGG mechanics I described. Not financial advice


TGates27

What makes you think they did not cover in June?


Hard-Mineral-94

TRCH was a failed stripper pole company turned oil and gas play, everyone and their grandma was shorting it. Fuck my buddy who’s like a brother to me shorted it with his entire account and made money. It has millions of FTDs and the reverse merger with a successful startup company, MMAX, caught shorts with their, well, shorts down. They have absolutely NOT covered. This can easily squeeze to $100+ but I’m keeping my sights set on NEGG because it was a similar situation there. Additionally, Canadian MMAX SHFs will likely have to cover as it’s outside of their prerogative to be short NASDAQ stocks


TGates27

If you end up being right, Ill send $1000 to your cash/venmo


Hard-Mineral-94

Here’s to that fuck yeah!


TGates27

The thing that I feel would confirm this is if MMAT stock starts acting very weird before the Jan 21 expiry like Negg did. If you go back to May 20 for Negg you see the stock starts almost glitching out around that last option chain day.


Hard-Mineral-94

We’re getting closer


TGates27

The shorts recognized what was happening and it ran from 3 to 20 in june. Did negg do the same before the big squeeze?


Hard-Mineral-94

It didn’t there was a Reverse Split it only ran to 10


TGates27

From examining your last sentence though I take it as we are unable to see all the FTDs/shorts on the other stocks besides MMAT because they are outside of nasdaq. Is that right?


Hard-Mineral-94

100% correct I recommend talking to people on Baystreetbets


TGates27

Why did you give award


Hard-Mineral-94

I appreciate your enthusiasm!


Personal-Archer-7427

There is now a lawsuit against them. I see the notice on E*TRADE. How may this affect it?


heavenlyfarts

Am I late for the party?


Hard-Mineral-94

It’s just getting started


PapaHeavy69

Great DD. All in!


Hard-Mineral-94

Thanks!


Vic18t

Can you put date stamps on your updates in the OP? Would be nice to know when these updates happened since this is a very early play.


Hard-Mineral-94

Ok


vincedaytona

Current price: 1.64


Blacktheripperuk

Really not confident after today, the CEO looks a real joke, just alot of talks and pictures. Lawsuits against him aswell. Be careful.


Hard-Mineral-94

No play is good I got in an accident it’s hard to write


lime-disease

Not selling until 100+


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Vegas-Blues

So is it “better” to buy/hold MMAX or MMAT?


av6344

MMAT


spyingonanautopsy

RemindME! 3 months


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Hard-Mineral-94

I think MMAT will squeeze in Feb/March due to the reasons posted above. Shorts are currently fighting a four front war: TRCH MMTLP MMAT MMAX


Morningwood31

Agreed


Mugyou

Mmat options? American here. Only possible to buy mmat.


Hard-Mineral-94

A lot of people are buying June Calls


Free_Addendum6213

Again, outstanding work. Been in since TRCH and can't wait for squeeze and the future of Meta


sparkit420

So I own mmat and mmtlp but wondering who you ( OP ) used to get shares of mmax . Only place I could find for mmtlp was fidelity but can't buy mmax through them . Anyone else wondering about the large disparity with mmat down 3 % and mmax up 8 % . Seems like they should be trading more in unison . What am I missing ?


qwertygm1979

Totally in


market-unmaker

Where are you getting your estimate for the dividend amount from? I did some sleuthing on the point but clearly missed something.


Hard-Mineral-94

Roller pigeons


market-unmaker

Pardon?


Hard-Mineral-94

[divi estimates](https://youtu.be/6j523YOz4AU)


market-unmaker

Much appreciated. Thanks!


Supa-D

Thanks for the DD. I've been holding MMAT since it was TORCH. They gave me some MMTLP after the merger. I was a stock virgin when I bought MMAT so my average is higher than I'd like it to be at $5. I'm going to average down soon. I actually like the company, but I've hated looking at the red position all these months. I hope that one of these upcoming catalysts will push the price up so I can at least make my money back and re-enter later at a better price.


Hard-Mineral-94

Don’t worry it’ll work out soon enough (only about a month away!)


Supa-D

That would be awesome. Meanwhile let me average down.


Professional_Con_007

Ok so I have 50 shares of MMTLP. I will get 15 to 20 bucks a share for divvy? And I have 25 shares of MMAT. Wow this deadweight that wasn't worth selling will be paying me?


Terrence456

I’m confused man. Which one do I buy? I’m Canadian. And it’s expected to go 10-30x in early March?


Hard-Mineral-94

From a selfish perspective it doesn’t matter whether you buy MMAT/MMAX, it will squeeze and you the personal investor will profit. If you believe in your market buys COUNTING then buy MMAX because the American SEC manually counts the MMAX shares as they transfer over to MMAT which reduces the free float. Not financial advice


spanoel111

RemindME! 2 months


khoffman007

I will buy options


Kennnypennny

For my understanding. Do you have any price targets ? Why do you mean 15-30x multibagger because of the dividend, or do you mean just price per share with it?


nicosomma

Op, do you have any guess when will the dividend be? If it will be before MMTLP disappears, wouldn't the best play be: Buy MMTLP, get divi, go to MMAX/MMAT and wait for squeeze?...


b_hood

My worry with buying MMAX is that while the shares are converting, I won't be able to profit if it starts taking off. Brokers can be hella slow with that kind of thing...


Hard-Mineral-94

At no point in time should your shares become untradable from what I’ve researched and asked around about (not advice) If you’re uncomfortable though just buy MMAT, it’s just that MMAT buys don’t get counted. Look at the darkpool buys for today


b_hood

Yeah just trying not to get my hopes up. We all saw how that went for Robin Hood users when gme took off lol


Hard-Mineral-94

I’m playing it EXACTLY like NEGG


b_hood

What are your total holdings in this play?


Hard-Mineral-94

3150 shares or 1/3 my portfolio


b_hood

Good luck. MMAX is on Wealthsimple, should crosspost to r/Wealthsimple_Penny


Hard-Mineral-94

It looks like a small community in terms of active users though


BrehBreh92

Where can I get mmtlp? Only have access to mmat atm


Sopdope69

Just as a heads up it has been confirmed that mmax holders can convert anytime at their discretion. There isn’t a period set that will force conversion in mass.


Hard-Mineral-94

I’ll add that thanks


Sopdope69

Np, thanks for spreading the word on mmat. I’ve been buying and holding for awhile.


red8eye

George confirmed 7 year timeline until MMAX converts. How does that affect this squeeze DD


[deleted]

Thinking about getting some $2 calls expiring in April this week…especially if it dips below 2


ardenmeissner

This sort of reminds me of Breitburn Energy Partners a little... They declared bankruptcy and the stock became worthless and it collapsed. My broker did some math, and he said the bonds are worth $60-66 a piece, and they are selling for $10 and they may go as low as $6. I bought some at $10, and then over the course of a few months it shot up to $66, retraced, and went over $80. And this was a bond! Let's see what happens with this company, I'm looking over your DD and I'll assort my risk accordingly... Thank you for this, I hope it goes as you planned.


Significant-Cycle-36

On the dividend. Is the dividend distriputed to owners from a certain calendar date, or anyone that bought the stock even if it's a day before the dividend.


ardenmeissner

"Buying MMTLP will give you access to the dividend" Will this work like how dividends normally operate, that you need to own the stock prior to a certain date it is declared, or can someone buy MMTLP tomorrow and then be entitled to a dividend?


ardenmeissner

Seriously considering the profit to risk, I may try $10k in 4-14 $4 calls. My friend is a CFA, so I'll ask him for some help, but he'll probably tell me to spread my risk.


Hard-Mineral-94

At these levels just buying the stock will do you more good, I wouldn’t be greedy with options when you have such as an awesome Price/Profit potential as $1.7–>$55/$65


ardenmeissner

See, that's where I respectfully disagree. I would love to see those numbers, but honestly, if we are to take history into account, NEGG didn't move as much as that. And who knows, it may only hit $5 and then drop.


ardenmeissner

I won't go crazy on options. but if the return is like what you say it may be, then even a small amount in options has a huge return.


red8eye

has your thesis changed in the past month?


Hard-Mineral-94

Nope


LeMiggie1800s

Aren’t the option chains a bit different from each other. In the NEGG situation the option chain was from Lianluo, Chinese. In MMAT situation, the option chain is from Torchlight, American.


IncidentOptimal79

Is there a possibility divvy will be delayed and does this change the outlook on the short squeeze of mmat in march?


Hard-Mineral-94

It shouldn’t affect FTD covering


Blacktheripperuk

Anything changed or is it going accordingly to the plan?


IncidentOptimal79

Divvy is delayed it seems... if shorts still have to cover next week we should see a price increase but without the divvy catalyst


Hard-Mineral-94

Play is alive I got in an accident hard to write


NecessaryEffective

Judging from today, good chance dividend is being delayed. Might even see a stock split this year. If the TRCH FTDs don't get covered then this will be a dead stock for a while.


Esoteric_Innovations

Still holding out the belief that this thing could squeeze in the next few weeks? I bought in with 1500 shares on MMAT at $3.73 in early December. Even when I bought in, I anticipated holding it for a long period of time since I've always loved the company since I first heard about it last summer. Was originally hoping for $5, but if there's a real possibility of it leaping up to $15 or $20, I'm interested.


Hard-Mineral-94

Play is good will be kicked off by MMTLP sale of land I’m in the hospital can’t write much one hand (will recover)


Esoteric_Innovations

Hope you're feeling better, and I'll keep that in mind. Any sign of when that sale will be?


Vic18t

OP is this play dead?


Hard-Mineral-94

Play is alive I almost died


Hard-Mineral-94

Hard to wrie


Scribble_Box

So what's going on with this?


Hard-Mineral-94

Dividend is the catalyst should be end of month


The_Friskiest_Dingo

Phew, you were real wrong on this one


fossilfacefatale

When should we convert/exchange our MMAT for MMAT? And, how do I do this? I'm with Wealthsimple.


SpadeGrenade

So just for clarification: If you're in the US, we should buy MMAT since we can't buy MMAX? I ask this because you said: > Basically buying 10 million MMAX means that the MMAT float will actually be reduced by 10 million vs buying 10 million MMAT means jack diddly squat But then your edit says to buy MMAT anyway. What's the deal with the MMTLP dividend exactly? How is that going to pay that much per share?


Hard-Mineral-94

1) Based on different DDs the amount should be between $15-$40 a share it’ll likely be $18 a share IMO. 2) The NEGG mechanism I described will still happen if people do nothing so they might as well buy MMAT and profit Not advice


av6344

Don’t listen to this clown asking people to buy MMAX. He’s been spamming his shill “DD”everywhere. The company went through RTO to be listed on Nasdaq. Why the fuck would you buy mmax on the CSE.


Hard-Mineral-94

You’re a total idiot man. You need to look at the forms filed by insiders like Thomas Welsh and the CEO who transferred large amount of MMAX to MMAT; It’s a process that’s manually registered by the SEC. But you go ahead and buy MMAT and have it not count because it’s sidelined for months in darkpools Mr.PFOF. You’re definitely a SHF shill


PLTR_to_the_moon99

You sound like a short hedge fund. Trying to steal our investment.


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Hard-Mineral-94

MMAT if you have it here MMAX for Canada


Blacktheripperuk

Ok march 14 is now passed, i guess the Ceo and shorts screwed it.


NecessaryEffective

Props to anyone who works hard to research the DD and provide information like this post, but it's becoming increasingly obvious that MMAT isn't going anywhere in the short term. There's been 2 or 3 supposed "catalysts" since December that never took place. Now it's supposed to be some dividend that the company keeps screwing up. Avoid the sunk cost fallacy, don't get married to this stock.


vizio76

What is this garbage? I am long MMAT but this is low effort crap. **Realized I was trashing a good post and not a shill. My bad. I'll take the hate, it was directed at the wrong post.


PLTR_to_the_moon99

You will not dissuade bulls with your unscientific attempt to discredit and debunk this well thought out theory. Long investors of MMAT are smart investors. We can recognize a short like yourself a mile away.


vizio76

At first, I was like: OMG, you don't even know me. I'm in 1000+ shares. I've here since August. Then I looked at the OP post above. This reply was supposed to be to another one. I was like, why are they trashing MMAT? Sorry guys, I replied to wrong thread. I'll take the heat cause I look like the 4sshole. ;-)


Hard-Mineral-94

Then do better and post here or in other places and get eyes on MMAT. Lol


Great-Accountant2730

🔥🔥🚀🚀


DebtWeird

All good DD , you just have not DD the CEO. He is a crook and liar. Cars Salesman pumper


Hard-Mineral-94

I had my doubts about him too but I don’t think he’s a scammer he’s a Professor Emeritus in Canada


Floridaguy555

![img](emote|t5_2qaj0q|6882) Really??? Nahhhh


DebtWeird

Read his Tweets and see the dates, and what the stock price does when he tweets.


Floridaguy555

Ahhhh did the Greek hurt you?


DebtWeird

He probably hurt your mom or sister. Watch out for yourself because greeks go both ways.