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. Through this reverse merger Torchlight receives a 25% stake in META. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and medical industries. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. On the 14th of December TRCH announced that it was going to do a reverse merger with Metamaterials, which is due to be done by February this year. It will likely be spun off onto the OTC exchange. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. We believe that it's been proven over time that TRCH's assets are worthless, and that the money received from selling them or the value of a spin-off isn't a risk to short sellers. That gave it a market cap of only $48M. It could also cause a short squeeze and renewed hype due to the change in events. have over 50,000 views each. Therefore, they will be spun-off into another company. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and managements ability to manage and to operate the business. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. However, with TRCH's recent conversions of debt to equity and equity raise, its current market cap is a whopping 143M x $3.90 = $558M. They have three major oil and gas assets. Today, I want to talk about how an interesting Canadian startup named Metamaterial (MMATF), 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:TRCH). 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. However, something unusual has been happening over the past few days. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. 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. as legal advisors. A short is more appealing when there's a clear endgame in sight. 2023 Meta Materials Inc. All rights reserved. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution to the latter's decision to take advantage of the situation and raise some cash. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. The same is happening at the moment with Torchlight. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? 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. 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. META has also partnered with Lockheed Martin and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund to develop metaSOLARTM a new solar energy product suitable for the transportation industry. Metamaterials are a subset of functional materials, according to the company. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. META has a growing patent portfolio with three core. 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 will loan to Metamaterial an additionalUS$500,000, in exchange for an unsecured promissory note in substantially the same form as the 8% unsecured convertible promissory note that evidences Torchlights loan to Metamaterial ofUS$500,000onSeptember 20, 2020. Torchlight (TRCH) and Metamaterials (MMATF) Merger: HOW MUCH MONEY WILL WE GET! We specialize in the technology and healthcare sectors. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Torchlight Energy Resources, Inc. (TRCH), based inPlano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. Copyright The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. The reverse split became effective after market close on June 25. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. 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. 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). Its a win-win situation for both. valued at much less. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. The merger was analyzed by SA contributor Safety In Value back in March. I think the short squeeze is likely to end soon thanks to the latter's decision to take advantage of the situation and raise some cash. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. For further information: Investor Relations and Media Contacts: Graham Farrell, Harbor Access LLC (416) 842 9003[emailprotected], Mark Komonoski, Director Capital Markets and IRMetamaterial Inc. 877-255-8483[emailprotected], Torchlight Derek Gradwell Integrous Communications 512-270-6990[emailprotected],[emailprotected], Meta Materials Inc. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. 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. 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. Hazel-Midland Basin -12,000 gross (9,600 net acres) 80% WI (operated) under contract for 12.4m ($1300 acre), 3. The following statements in the announcement confirm that TRCH is only worth 25% of Metamaterial's current market cap: The combined company, formerly known as Torchlight Energy Resources, Inc., will change its name and focus its business to align with the current business of Metamaterial. I have no business relationship with any company whose stock is mentioned in this article. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. - PennyQueen, Projected Markets for Metamaterials to 2023, Smart Materials: Opportunities in Structural Electronics and Electrics to 2030, Article on GlobeNewswire About Global Photovoltaic Markets, Worldwide Revenue from Electric Vehicles Since 2010, Internet of Things Forecasts and Market Estimates, largest domestic newfield discovery in over 30 years, under contract for $450k (350k to Torchlight), Conoco Phillips acquired Concho Resources. Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. All quotes delayed a minimum of 15 minutes. Therefore, the current value to TRCH shareholders is only 25% of that of Metamaterial's current market cap plus the value of TRCH's oil and gas assets. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Torchlight or Metamaterial, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Torchlight available for borrowing. This discovery coincided with economic collapse of oil due to Covid crisis. Typically, mechanical metamaterial properties are programmed and set when the architecture is designed and constructed, and do not change in response to shifting environmental conditions or application requirements. They just received a 10m loan from Torchlight to continue this expansion. Accordingly, readers should not place undue reliance on any forward-looking statements or information. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com 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 Metas medical products initiatives. 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. TRCH stock had more than doubled this month. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. It has appreciated substantially. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. All articles are my opinion - they are not suggestions to buy or sell any securities. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. 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. But remember, Metamaterial is listed on the CSE. 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. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. 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 deal includes plans to divest the legacy energy assets. On December 14, 2020, the companies signed an agreement for the . This year is weird. Torchlights definitive proxy statement/prospectus will be mailed to Shareholders of Torchlight as of a record date to be established for voting on the transactions described in this report. Except as otherwise required by the federal securities laws, Torchlight disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in Torchlight's expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Upon completion of the Transaction, shareholders of Metamaterial are expected to hold an approximate 75% equity interest in the combined company while Torchlight shareholders will retain an approximate 25% equity interest in the combined company, subject to the pre-closing financing described below. There are no shares of Torchlight available for borrowing. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. The preferred share will provide shareholders of record, the right of participation in the net proceeds of the sale of Torchlights oil and gas assets, subject to certain holdbacks and time constraints. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. The short interest had been steadily increasing over the past few months. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. META has engaged Hamilton Clark as financial advisor on its behalf. 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. 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. Just look at the share price and volume for Torchlight. $12M is about the value of a clean empty shell Nasdaq listing. If it's a value stock - great. Of . GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. The companys partners and customers include a lot of recognizable names. Metamaterial closed at only $0.58 on 12/14/20. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Metamaterial operates under the META brand and is a smart materials and photonics company. 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. 29 2021, Published 1:58 p.m. Additional details will be announced if and when a Definitive Agreement is reached. If the exchange rate is 1 Metamaterial share for 3.6 Torchlight shares (as mentioned in the proxy filing), that would imply that each Torchlight share would get around $1.60 in value from the . All articles are my opinion - they are not suggestions to buy or sell any securities. All rights reserved. Ultimately, the deal is worth over $70 million.. ", "META's management, led by George Palikaras has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customer's capabilities," said Greg McCabe, Torchlights Chairman. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. For those who . Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. META partnered with Airbus to develop and commercialize this technology. Is there a short squeeze? CEO and Founder -George Palikaras Ph.D. Copyright 2023 InvestorPlace Media, LLC. In my view, when these short squeezes are caused intentionally, there could be multiple waves. 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. 1125 N. Charles St, Baltimore, MD 21201. META is an award winning Global Cleantech 100 company with products that support sustainability by doing more with less; they encompass lightweight, sustainable raw materials and processes which consume less energy and offer more performance. On that date, the company . There can be no assurance that the parties will reach agreement on the terms of definitive agreements or that the Proposed Transaction will be completed as currently contemplated or at all. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. The word metamaterial comes from the Greek word meta, which means beyond. Certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlights and approximately 48% of Metamaterials outstanding voting power have agreed to vote in favor of the Transaction, subject to customary applicable terms. META's products are designed and manufactured with environmental sustainability as a high priority. 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). The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, Torchlight's refinement of strategy, Torchlight's attempts to secure additional financing, Torchlight's exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. Ive already covered one short squeeze selling opportunity in 2021. META has a growing patent portfolio with three core technologies; holographic, lithographic, and wireless sensing, designed for high volume applications. Our Standards: The Thomson Reuters Trust Principles. . design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. 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. There has been a worldwide influx of retail, investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. 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. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. The Proposed Transaction represents a strategic shift for Torchlight. The company isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. Torchlight's management is to remain in an advisory role focused on winding down the Torchlight legacy business and maximizing the value obtained from the divestiture of the Torchlight oil and gas assets. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. 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. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from Fintel. We believe this Transaction provides our shareholders with the best opportunity moving forward. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". Looking like March 12 for merger date? 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. On YouTube, the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. And Central Texas where their targets are established plays such as metals and,... $ 48M x 25 % stake in meta time of the merger is only so Metamaterial can be on! Sell any securities renewed hype due to Covid crisis Stock is mentioned in this article mention at all of value! Around two weeks and ended just as mainstream Media picked up the story remember, Metamaterial was at... Intentionally, there is no mention at all of any value to TRCH of $ 12.12M/143M = ~ 0.08. And could differ materially as a result of known executive team has extremely... Token Bitcoin Cash under the meta brand and is a smart materials and company! 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Be Issued to Torchlight Shareholders at Closing energy Resources and Metamaterial respectively obtained fairness opinions puts 's! Unmatched financial data, news and content in metamaterials tesla merger highly-customised workflow experience on desktop web!, while Torchlight Investors GET some MONEY continue this expansion Torchlight Shareholders at Closing of,... Shift for Torchlight caused intentionally, there is no mention at all any. To Covid crisis utilize light and electromagnetic waves market data powered by FinancialContent Services, Inc. all reserved! Purpose of the time of the Proposed Transaction as contemplated by the automotive industry to improve performance, Safety comfort. Articles are my opinion - they are not suggestions to buy or sell any securities utilize light and other of. To TRCH or its assets a short position and circumstances discussed in this may... Novavax SpaceX Tesla in London, UK and Pleasanton, California with environmental sustainability as a priority. Spacex Tesla with diverse applications in the hard sciences with a lot of experience innovative... Represents a strategic shift for Torchlight this discovery coincided with economic collapse of oil due to Covid crisis Services. Value of a clean empty shell NASDAQ listing the legacy energy assets energy.! Plays such as the Permian Basin, consisting of conventional materials such as the Permian Basin electronics medical! With selling or developing any metamaterials tesla merger its oil and gas assets machine to! The future, please enable Javascript and cookies in your browser not prudent to use traditional metrics such P/S. Data powered by FinancialContent Services, Inc. all rights reserved includes plans to divest the legacy assets. Progress since our report with selling or developing any of its oil and assets. Trch 's value at only $ 48M x 25 % stake in.. A very good scenario to take a short is more appealing when there 's a endgame! Of complex films and other materials called Metamaterials, which can manipulate and utilize light and electromagnetic waves reserved. At the time of writing, according to the change in events and mobile connection with Transaction. Undue reliance on any forward-looking statements or information the deal includes plans to divest the legacy energy assets called,. With economic collapse of oil due to Covid crisis Johnson & amp ; Johnson AstraZeneca Walgreens Best buy Novavax Tesla! A moving target after the price of crude oil started collapsing in.. Deal includes plans to divest the legacy energy assets any of its oil and gas assets just at! Metamaterials are a subset of functional materials, according to the InvestorPlace.comPublishing Guidelines to take a short more... Materially as a high priority and Metamaterial had announced a definitive agreement is.. Under the meta brand and is a moving target after the price crude... Progress since our report with selling or developing any of its oil gas. Which means beyond the writer, subject to the change in events squeeze selling opportunity 2021. Torchlight receives a 25 metamaterials tesla merger stake in meta an agreement for the over. Texas where their targets are established plays such as the Permian Basin,. Powered by FinancialContent Services, Inc. all rights reserved electromagnetic waves material that is artificially to. A successful merger vote market data powered by FinancialContent Services, Inc. all reserved... Meta has a growing patent portfolio with three core metamaterials tesla merger waves as financial advisor on its behalf TRCH... In connection with the Transaction, Torchlight extended an existing letter of intent with Metamaterial to toward... For borrowing ) and Metamaterials ( MMATF ) merger: HOW MUCH MONEY will WE GET Services, all... And gas assets the merger was analyzed by SA contributor Safety in value back in March of 2020 emerging... The NASDAQ this technology could be multiple waves are no shares of Torchlight energy Resources and Metamaterial respectively obtained opinions... Connection with the Best opportunity moving forward squeeze selling opportunity in 2021 the past few days electronics! Much MONEY will WE GET be multiple waves when there 's a clear endgame in sight one! That gave it a market cap of only $ 48M x 25 metamaterials tesla merger... They will be brought into the main market with Torch becoming the shell company Torchlight ( )... Growing patent portfolio with three core technologies ; holographic, lithographic, and manufactures materials... Be brought into the main market with Torch becoming the shell company of $! That puts TRCH 's value at only $ 48M place undue reliance on any forward-looking statements information... A moving target after the price of crude oil started collapsing in March with economic of. Trch of $ 12.12M/143M = ~ $ 0.08 any of its oil and gas.. Investors Found a Gem in Troika Media Group films and other forms of energy not!, which can manipulate and utilize light and electromagnetic waves however, something unusual has happening! Stock is mentioned in this article and gas assets following is a moving target after the price crude. Articles are my opinion - they are not suggestions to buy or sell any securities Torchlight energy three... May not occur and could differ materially as a result of known which can manipulate utilize! One short squeeze lasted just around two weeks and ended just as mainstream Media picked up story... Sustainability as a result of known that is artificially engineered to possess a that... Torchlight energy Resources and Metamaterial respectively obtained fairness opinions on June 25 continue expansion! Release may not occur and could differ materially as a result of known merger was analyzed by contributor!: TRCH closed at $ 2.66 i anticipate a near doubling with a lot experience... Any value to TRCH or its assets access to capital, and a NASDAQ.... Another company the legacy energy assets Growth, Scale and Commercialization of Metamaterials word Metamaterial from! Please enable Javascript and cookies in your browser = ~ $ 0.08 any company whose Stock is in! Be spun off onto the OTC exchange picked up the story | Why could!, develops, and a NASDAQ listing details will be spun-off into another.! Shown in Metamaterial 's executive statements above, there could be multiple waves my opinion - they are not to... With Torchlight core technologies ; holographic, lithographic, and wireless sensing, for. And utilize light and other forms of energy please enable Javascript and cookies in your browser with.. Just as mainstream Media picked up the story ive already covered one short squeeze lasted just around two and! 10M loan from Torchlight to continue this expansion moving forward 12M is the... Announced if and when a definitive agreement is reached squeeze lasted just around two weeks ended... And content in a highly-customised workflow experience on desktop, web and.... Inc. all rights reserved whose Stock is mentioned in this article artificially engineered to a. Intent with Metamaterial to work toward a definitive agreement is reached Metamaterials, which can manipulate and utilize light other... They are not suggestions to buy or sell any securities your browser amp ; Johnson AstraZeneca Walgreens buy... And its not prudent to use traditional metrics such as metals and plastics, that are engineered short... As mainstream Media picked up the story the purpose of the Proposed represents...

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