6/14/2023 0 Comments Torchlight dividend payout![]() It may be able to turn its technology into high levels of growth in the coming years. There may be opportunity down the road with the now-named MMAT stock. Others are likely holding the bag, hoping for a recovery.Ī recovery isn’t likely to happen any time soon. Those who got in near or at its split-adjusted high of $10.88 per share? Some likely got out early enough to cut their losses. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. So has another factor: the heavy issuance of new shares. This has driven much of this stock’s post-merger decline. 7 of the Best Contrarian Stocks to Buy as Others Get Greedyīut now, that trend’s come and gone once again.As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE: AMC) or GameStop (NYSE: GME). At the time, nearly a quarter of its free float was sold short. Phone: Torchlight Energy Resources, Inc.What was it that made this one of the hottest names among traders active online? Mostly, its potential as a short-squeeze play. Except as otherwise required by the federal securities laws, we disclaim 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 our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our 2020 Annual Report on Form 10-K, filed on Maand our other reports filed from time to time with the Securities and Exchange Commission ('SEC'). While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. ![]() 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, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. All statements in this release that are not based on historical fact are 'forward looking statements.' These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. 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. For additional information on Torchlight, please visit Forward-Looking Statement Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. (TRCH), based in Plano, 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. The Company expects to close the Arrangement no later than June 30 th, 2021. The payment date for the Series A Preferred Stock dividend will be June 25 th. The extension provides time for the Jrecord date and the June 25th payment date of the special Series A Preferred Stock dividend, declared on June 14, 2021, to transpire. ('Metamaterial') have agreed to extend the outside date by which Torchlight and Metamaterial must close their business combination transaction (the 'Arrangement') to June 30, 2021. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that Torchlight and Metamaterial Inc. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc.
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