TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH’s assets. 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.
Similarly What is the float of TRCH? Overview:
| Market Capitalization, $K | 785,778 |
|---|---|
| % of Insider Shareholders | 17.49% |
| % of Institutional Shareholders | 8.31% |
| Float, K | 130,979 |
| % Float | 82.51% |
• 25 juin 2021
Is TRCH a pump and dump? Introduction. We are short Torchlight Energy Resources, Inc. (TRCH) because we believe it is a classic pump-and-dump run by a questionable management team in our opinion, with some of the leadership having previous run-ins with securities regulators.
Additionally, What is TRCH new symbol?
Commencing on June 28, 2021 Torchlight’s name will be changed to « Meta Materials Inc. » and its common stock will begin trading on NASDAQ under the ticker symbol « MMAT. »
Who is buying Torchlight?
The company is being acquired by industrial materials maker Metamaterial Inc (MMAT.CD) in a deal that analysts said will likely see its main business being sold or hived off. Torchlight was also the second top-traded stock on Tuesday, with shares changing hands more than 213 million times.
Who is the CEO of Torchlight? TecHRseries Interview with Adam Goldberg, CEO and Founder at Torchlight.
Why is torchlight stock going up? Shares of Torchlight Energy Resources ( TRCH ) soared 58% on Monday after the oil and gas driller extended the closing date of its merger with advanced materials manufacturer Metamaterial.
Why is torch stock down? What happened. Shares of U.S. energy company Torchlight Energy Resources ( TRCH ) declined as much as 16% in early trading on Monday. While falling oil and natural gas prices didn’t help the situation today, the news driving the drop was likely an update on the company’s planned reverse merger with Metamaterial ( MMAT.
How do you spot a pump and dump before it happens?
How do you avoid pump and dump stocks? Avoiding Pump-and-Dump Schemes
- Be Extremely Wary of Unsolicited Investment Offers.
- Look Out for Obvious Red Flags.
- Look Out for Affinity Fraud.
- Conduct Your Own Research and Due Diligence.
Are pump and dumps illegal crypto?
In a largely unregulated investment market, things can get even trickier. While pump-and-dump schemes are illegal in the stock market, regulations for crypto are still developing, so fraudsters are seizing the opportunity to see what they can get away with.
Will TRCH reverse split? Torchlight Energy Resources, Inc. (TRCH) has announced a 1-for-2 reverse stock split and a name, symbol, CUSIP change. As a result of the reverse stock split and underlying changes, each TRCH Common Share will be converted into the right to receive 0.5 (New) Meta Materials Inc. (MMAT) Common Shares.
What is TRXC?
Asensus Surgical , Inc. (NYSE American: TRXC) (formerly TransEnterix, Inc.), a medical device company that is digitizing the interface between the surgeon and patient to pioneer a new era of Performance-Guided…
What is the torchlight dividend?
(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.
Does TRCH pay dividend? (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.
Why did TRCH stock go up? TRCH stock soared yesterday after users of the Reddit group r/TRCH announced in the early hours Monday that shareholders should « Torch the short » to get shares to 20 on Monday and 100 by Tuesday. The stock was also getting mentions in comments in the popular r/WallStreetBets Reddit group.
When did TRCH stock split?
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. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. The reverse split became effective after market close on June 25.
Who is John Brda? John Brda is 55, he’s been the President, Chief Executive Officer, Secretary, and Director of Torchlight Resources Inc since 2014.
Is TRCH a meme stock?
(NASDAQ:TRCH) is a “meme stock” that is better because it has raised money.
What are good tech stocks?
| Best Value Tech Stocks | ||
|---|---|---|
| Mandiant Inc. (MNDT) | 22.30 | 5.2 |
| Hewlett Packard Enterprise Co. (HPE) | 17.05 | 22.2 |
| HP Inc. (HPQ) | 37.54 | 39.5 |
| Dell Technologies Inc. (DELL) | 52.32 | 40.0 |