(There has been a lot of speculation over META’s co-location at a Canadian incubator facility with TESLA and several cryptic Tweets sent out by Elon Musk. Therefore, this is a short term 2x and midterm 3-6x play. With and end of year range of $8-$20 depending on production numbers and new partnerships. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5.
Metamaterials Technologies, known as META ( MMATF:US MMAT:CAN) is currently trading at $2.66 as of. Upcoming catalysts – merger vote, up-listing to NASDAQ, access to large capital markets and scaled production For reference my old DDs can be found at r/PennyQueen – Penny Queen with assistance from u/Here_Two_Stay Both are solidly positioned to change our world in this new technological revolution that is just beginning. While they are completely different companies there is some industry and technology overlap. I have not been this excited about a company since my discovery of Microvision. I believe that if you find the technology, the money will follow.
Torchlight merger with metamaterials professional#
Metamaterials and Torchlight Energy both fit these requirements, I am not a financial advisor, I am a mom and a professional firefighter, do your own DD. Basically, I am looking for penny stocks that should not be. For it to make sense to me, the company must provide me with a large near-term upside and continued long-term growth. My standard disclaimer -Before you read any further, I want you to understand what I look for in an investment I invest in companies that are undervalued, possess world changing technology and have a large potential catalyst upcoming, whether it be financial changes, a market inflection point, buy out or pending regulatory approval. The merger is complicated for many reasons, and I am personally thinking of it more as a PIPE/SPAC play- to be clear we are talking about a publicly traded company providing capital and NASDAQ access to another through a merger. This may be the longest DD you’ve ever read primarily because it is three DDs in one.
I will be updating this tomorrow after speaking with the CEO of META George Palikaras. This is my initial research on Metamaterial Technologies, Torchlight Energy and their upcoming reverse merger. Hydrocarbons to Carbon Nanotubes - META and Torchlight Merger DD The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Other companies in which they allegedly conducted market manipulation include Camber Energy (NYSEMKT: CEI) and Alzamend Neuro (NASDAQ: ALZN). They may also be banned from trading securities in the future and face jail time, as criminal charges have been filed against them. The promotion resulted in a massive rise in price for Torchlight, which the company used to its advantage by issuing over $100 million in at-the-market offerings.īased on the lawsuit, the eight individuals will face disgorgement of all their illegal gains and pay civil penalties. 23, the group allegedly made profits of $775,629 from their scheme. In one example, Matlock posted in Discord: “TRCH going to 4+ after hours on Henne new found covid DD.” However, Matlock immediately sold out of 49,602 shares for $3.32 per share following the message, disregarding his own $4 price target.įrom Feb. He noted to his followers that the company had a “10 billion dollar MARKET CAP POTENTIAL.”
For example, Hennessey claimed that Meta would potentially partner with Tesla (NASDAQ: TSLA) and had coronavirus-fighting applications in store. The group used the then-upcoming merger with Meta as a catalyst for their followers to buy in. Furthermore, they would often sell their entire stake and then buy back in. The group would then continue to promote the company as if they still held shares. After the promotion, their unsuspecting followers would buy in and pump up the price, which led the group to sell out with significant gains. Meta Materials’ Predecessor Name-Dropped in SEC Lawsuitįollowing the purchases, the group embarked on a campaign to promote Torchlight to their hundreds of thousands of followers.
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