We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. DORADO, PUERTO RICO / ACCESSWIRE / March 1, 2023 / Pharma-Bio Serv, Inc. ("Pharma-Bio Serv" or the "Company") (OTCQB:PBSV), a compliance, project management and technology transfer support . ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. 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. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc The Company engaged an auditor on March 21, 2022 to conduct the audit. MMAT MMTLP Metamaterials Special Dividend update. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. 'I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success,' commented John Brda, Torchlight's Chief Executive Officer. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 5G reception enhancement is one such possible use. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. 1125 N. Charles St, Baltimore, MD 21201. Create an account to follow your favorite communities and start taking part in conversations. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. At the time, nearly a quarter of its free float was sold short. The Companys objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A preferred stockholders of META and that the OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. This makes it the first company to join the Nasdaq with a focus on creating these materials. Investors of record on Monday, March 6th will be paid a dividend of 0.66 per share by the construction company on Friday, March 31st. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 2023 InvestorPlace Media, LLC. Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Accordingly, readers should not place undue reliance on any forward-looking statements or information. As many as 148 million FTD shares of Meta are said to be outstanding. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. More likely than not, a continued move to lower prices. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. MMAT MMTLP Metamaterials Special Dividend update. Meta Materials (NASDAQ: MMAT) does not pay a dividend. Learn more atwww.metamaterial.com. Others are likely holding the bag, hoping for a recovery. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and would like some of their concerns addressed. Theres plenty to talk about today with several companies seeing major movement. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, What Is the Best Growth Stock to Buy Now? In order to complete the spinout, the Company must complete an audit of the oil and gas operations. quotes delayed at least 15 minutes, all others at least 20 minutes. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. No forward-looking statement can be guaranteed. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Investors looking for more hot stock news today should keep reading! This has driven much of this stocks post-merger decline. Nasdaq This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Investing in our common stock involves a high degree of risk. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Details of the initial proposal can be seen below. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. FTDs are nearly always due to a traders failure to make good on a naked short contract. Lorem ipsum dolor sit amet, consectetur adipiscing elit. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Kyle Bradford 20 Years Experience. It all happens at the free AI Super Summit. Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials (Nasdaq: MMAT) 1 MMTLP will be exchanged for 1 Next Bridge common share. 5 BIG Questions for George. Torchlight reported no proved reserves as of December 31. 1125 N. Charles St, Baltimore, MD 21201. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. 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