TecHRseries Interview with Adam Goldberg, CEO and Founder at Torchlight.
Similarly, Why is TRCH 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.
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.
Thereof, 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
What happens to my TRCH stock after merger?
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.
Is TRCH a meme stock?
(NASDAQ:TRCH) is a “meme stock” that is better because it has raised money.
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 many employees does Torchlight have?
Torchlight Technology Group, LLC has 10 total employees across all of its locations and generates $2.25 million in sales (USD).
How do I buy Torchlight stock?
How to buy shares in Torchlight Energy Resources
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. …
- Confirm your payment details. …
- Research the stock. …
- Purchase now or later. …
- Check in on your investment.
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.
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. »
How many shares of MMAT are there?
Share Statistics
Meta Materials has 294.49 million shares outstanding.
How much did GME short sellers lose?
Now, fresh data from S3 Partners, LLC reveals that during August, the short sellers lost another $100 million to bring their losses this year to $6.5 billion by August end.
What happens TRCH options?
The TRCH component of the TRCH1 deliverable will settle through National Securities Clearing Corporation (NSCC). OCC will delay settlement of the Series A Preferred Share component of the TRCH1 deliverable until the trading status of Series A Preferred Shares is determined.
How do I buy TRCH stocks?
Find the stock by name or ticker symbol – TRCH – and research it before deciding if it’s a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.
What happened with torchlight energy?
Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ:MMAT) stock. The news of a dividend payment, a reverse stock split of TRCH stock, and the business combination were enough to spike interest throughout June.
Where is the Orogrande basin?
The Orogrande basin in south-central New Mexico constitutes the second petroleum play; it encompasses an area of 8,800-9,000 square miles. Potential reservoirs are primarily Pennsylvanian and Permian, and secondarily Mississippian.
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.
How do you spot a pump and dump before it happens?
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