When will mmat preferred shares be tradable. The OTC plays by different rules.

When will mmat preferred shares be tradable and hoping that Robin Hood helps her brother out and makes it tradable again. They are the ones I got buying the call options for 50 shares of MMAT and 100 share of TRCH preferred share. Announcement Revised: MMTLP shareholders with settled positions as of 12/12/22 will receive one (1) share of Next Bridge Hydrocarbons, Inc. Once the ex div date past, a new option chain was added that did not have the preferred shares. Now there are 2 to 3 times the shorts shares than are available. On October 6, 2021, the Series A Preferred Shares began trading on an OTC market under the name The shares of Next Bridge common stock will be distributed on December 14, 2022 after the close of the trading markets, at which time (i) all of the shares of Series A Preferred Stock will be The deadline was meaningless and it seems there’s nothing Meta and GP can do about the fact market makers are trading a preferred stock that company did not authorize to be traded. Due to the usual level of competence we’ve seen by the market makers so far with handling the specifics of this merger, like miscategorizing the sector of the stock 23 votes, 14 comments. I owned torchlight. It is untradable until trch assets are sold off. They decided to make the dividend tradable so now they have the IOUs just like with anything else. The Company engaged an auditor on March 21, 2022 to conduct the audit. 25% and a negative trailing twelve-month return on equity of 188. The preferred shares are not listed and there is no ticker symbol per se nor any price quoted, these are private shares not publicly traded. . So . Reply reply This is my most profitable pennystock trading strategy (only 2 red days so far) The preferred shares (MMAT-A, TRCHP, TRCHN) were non-transferable. “2025 will be one of the best years ever for investors The shares of Next Bridge common stock will be distributed on December 14, 2022 after the close of the trading markets, at which time (i) all of the shares of Series A Preferred Stock will be automatically cancelled, (ii) the holders of such Series A Preferred Stock will cease to have any rights with respect to such shares and (iii) the shares The Meta Materials (NASDAQ: MMAT) spinoff isn’t over yet. I also have 3 different trading platforms and they are Institutional investors have largely ignored Meta Materials Preferred Shares (). MMTLP shares began trading on the OTC market in 2021. If you were short TRCH and that position carried through the merger then covering would require buying both. Really none of these should be tradable it's just pyramanipulation from hedge funds drying a screw you out of your divvy. What a joke! MMTLP was funky. Hang tough, all of this has been planned to ignite MMAT commons. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. This not the 1. I see a lot of impatient posts and nagging questions, just need to have patience people things will work themselves out in regards to the finalization of the merger and your various brokers UPDATED Sept 1, 2021. If there is a dividend, there will be an ex-record date. The value of the dividend will be determined by the sale of the land that TRCH owns. There was basically two full days of trading. Not financial advice. Reply reply More replies. The special dividend was Preferred Shares from TRCH shares back in a June ex-div, before the merger where TRCH became MMAT . It was apparently a forced exchange. But given the recent S1-A2 submission it should be any day/week that it'll get approved by 326 votes, 300 comments. 50/share but it also might be $7. TRCH & MMAT SHAREHOLDERS Members Online • Money_Gran0424 It doesn’t matter though anyway - these preferred shares are not tradable. At this time, there is no trading symbol or valuation available for the preferred shares, and therefore no value is assigned to the shares showing on your Positions page. Puzzled to say the least also ! Sitting on 16k of MMAT at $5. You can’t buy or sell these ones. H O L S F A S T and enjoy to flames ️🎯🔥 stocks being lent out by your broker to be used against you by SHF’s basement boxing the price with their marginal trading abilities Get the latest Meta Materials Inc. Keep DRS'ing Apes, ComputerShare is your friend. It then changed to MMTLP and now I have money. e. robsal56 Pretty sure that MMAT said to move your shares out of brokers months ago. To have these preferred shares made tradeable is like 100 nfl punters kicking me in It looks like not only are the preferred shares going to be tradable, there are going to options available too. Maybe a missed opportunity, but I currently have enough tied up in MMAT shares/TRCH Preferred shares to not be too greedy. However it's expert market OTC and broker-to-broker, meaning it's up to the individual brokers if they want to transfer this or not 23K subscribers in the MMAT community. However MMTLP was a Preferred Share A non-tradable dividend. I now have 12470 MMAT shares with an average of $1,90. It's not my problem either. they know they are fucked now. (MMAT) for every 2 of the old shares previously held. The shares of Next Bridge common stock will be distributed on December 14, 2022 after the close of the trading markets, at which time (i) all of the shares of Series A Preferred Stock will be 1) I think it's bullshit how people are allowed to buy preferred shares since everyone that was in Trch pre merger lost a shit load and had to hold there positions in ordered to aquire the preferred shares. Hours: 7am-10pm ET M-F, 11:30am Posted by u/GasLit_munkey - 50 votes and 60 comments The Series A Preferred Shares had a broker-to-broker market made to make them transferable. 2 hedge funds created a form under false pretents to make the preferred share tradable. Imagine if MMAT preferred shares end up at 20$+ Opinion/Theory 💬 Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. You would really need to go back over a year and a half to fully grasp the complexity of this. (“Meta”) in connection with the planned Pretty sure my preferred shares placeholder showed up in my Fidelity account this evening. I asked him why, he then called the "corporate task team". I'm planning to Consider MMAT’s “deletion” of preferred shares. TRCHP) versus the tradable MMTLP shares. 23 that it would distribute one share of Series C preferred stock Like if Meta is working on bringing a lawsuit against whoever made the preferred shares tradable when they weren't supposed to be. The number listed on the provided image (59134N203) is the CUSIP number assigned to Class A Preferred Shares. Share your ideas and get valuable insights from the community of like minded traders and investors Right, a month ago or maybe a little longer George issued a tweet “skin in the game” He stated the exact number of legally issued preferred shares. I bought 200 $3 calls and 100 $5 calls for Jan when MMAT around $4. 72 votes, 78 comments. I had 5430 MMAT shares with an average of $4,36 and 7040 preferred shares. Yesterday, some brokerages were Welcome to the META®verse. Per Contract:1) 50 Meta Materials Inc. There is no market for these shares they are not tradable. And at this MMAT price, the dividend will have to be (checks math) $100 a share to break even. _____ A place to interact Last Wednesday, executives at Meta Materials (NASDAQ:MMAT) finalized a bizarre transaction. Was never supposed to be publicly traded . Counterfeit shares were created. I still have Torchlight non tradable shares Reply If I was holding trch shares do I get the preferred shares or is that just for people holding mmat shares before the merge? Reply so according to those post I would be eligible to only 2500 preferred shares. It’s a good point. 23K subscribers in the MMAT community. These options exist on a monthly through January 2022. We did not get divi we got pref shares that will pay a divi. These shares are yours. Meta Materials Inc. This was always gonna happen. Rather Currently it is trading on the OTC Grey Market, which the SEC restricted buying on with rule 15c2-11. Normally a preferred share would have a set price I believe its not actual dividend value. The Preferred Shares were subject to delayed settlement due to their unknown trading status. I bought in during the FOMO runup with the understanding that TRCH would be 1/1 after the reverse split with the preferred shares as dividend and the MMAT shares wold be tripled. Price tripled in a day. Shareholders are to receive 1 new share of Metamaterial Inc. It may have had multiple names in your portfolio: 59134N203 (its CUSIP), MMAT-A (from TRCH shares), TRCHP (from MMAT1 options), but they all had the same CUSIP and were the same security and were the entitlement to the Does anyone know how many trch shares were counted as of 6/22 and held till 6/24. 25 and under and sold here at 1. But like everything else that has happened, just have to wait At this rate, the preferred shares are gonna be worth more than MMAT. Infinite risk, remember that. If you held TRCH through the merger, your shares converted to MMAT shares and Series A Preferred Shares that entitle you to receive dividends (a percentage of the value from selling Torchlight’s Oil & Gas lands and other assets) - tradable shares on most platforms (except RH is blocking buys now?) Yes. (“Meta”) in connection with the planned distribution (the “Spin-Off” or the “Distribution”) by Meta to its Series A Posted by u/Excellent_Garden_515 - 10 votes and 20 comments When the prefer share dividend was announce, the OCC made a memo to add this shares to the delivery of the contract. My 300+ shares changed to MMAT. But I like funky. 53. Good times! Someone brought this up, but does anyone know: can you move preferred shares to another broker? I don't see why they wouldn't. The company reported ($0. In my opinion that is just outright theft. HALIFAX, NS / ACCESSWIRE / December 7, 2022 / Meta Materials Inc. If Divi comes before Jan 21 then I can use portion to exercise contracts. and now shorts are trapped in both MMAT and the preferred The exchangeable shares will be taxable preferred shares and short-term preferred shares for the purpose of the Tax Act. Then a new option chain was added post RS. Say 200mil preferred shares exist but there is a position of negative 100mil preferred shares from shorts. in this case MMAT preferred shares, they are responsible for paying you the value of said share period, stop, not negotiable. Posted by u/vegasdelphia - 16 votes and 54 comments Go to MMAT r/MMAT • by Fromasalesman. Although we can’t help here with specific account service issues, we can help troubleshoot and point you in the right direction. The only association is that TRCH shorts have to cover both sides of the merger, one share of MMTLP and 1/2 share of MMAT. Could be a unique share in a privately trading company, who knows. Meta Materials (MMAT) declared a distribution of Series C preferred stock on Jan. Preferred shares . All that and they're asking for your preferred shares for a fucking $2. The net value of the position is not affected by the split itself, since there are less shares by a factor of 2. Also with about 10k shares and over 30k preferred shares. 00 low to 10. Watched in awe today as it ran up and down with excitement and nervousness on what to do. Option 1 or 2 Overstock could have run to 1000 or more if owners held and realized the situation they are in. 2 is that instead of the dividend, you now own that amount of shares in a new company. You own the shares nothing stops you from wanting to trade it with someone else. They want these shares. 00 with dividends in the 6 to 8% range. Torchlight stockholders of record as of the Series A Preferred Record Date received a dividend, on a one-for-one basis, of shares of Series A Preferred Stock. transfers, trading and more. fuck rh and Vlad he robbed his fellow citizens and lied about Democratizing trading for all . When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. Torchlight sells everything, pools the money and divides by how many preferred shares there are MMAT and NBH have planned this preferred share turn-over for 165M shares for a long time. At this rate, the preferred shares are gonna be worth more than MMAT Are people making fat bank off trading those pref shares? Like could we actually have bought at . The filing was directed to holders of MMAT’s Series A preferred, that is, the MMTLP shares: This prospectus (“Prospectus”) is being furnished to you as a Series A Preferred stockholder of Meta Materials, Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that FINRA has revised its notice Preferred shares are a gamble?? : r/MMAT - Reddit true MMTLP is a Pref. The company talks with FINRA and brokers to discuss finalizing the distribution date, which is generally 15 days after the S1 is approved. Imagine if it would go up to the max that Overstock's dividend went to - >$80/preferred share and currently sitting around $57/share. Guess who also benefits MMAT . Ordinarily, a preferred share spinoff will result in a new tradable entity. As companies grows and the price increases companies eventually offer a quaterly or monthly dividend. Hydrocarbons to shareholders of Meta Materials Preferred Shares reporting company with shares that will not be tradable on public Preferred Share/Dividend MMTLP shares should be canceled, and trading would end. However, I noticed that TD still has the old ticker for the preferred shares I had from the merger (i. Man, OG MMAT-preferred share holder and I am so excited!!!! A preferred share that the company never intended to be traded (and yet somebody spent time & money to make it tradable via OTC), that could yield a significant dividend. Same June memo. 64 to $0. Short trying to buy your pref shares so they wont have to pay YOU the dividend. 50 or so you would think preferred shares would be equal or greater value. Please review the definitive proxy, dated May 2021, or reach out to MMTLP Investors Relations if you have further questions. With $0 attached to it. Go Beyond. I have 400 shares I was counting on 4. 02) earnings per share for the quarter. MMTLP stock and dividends upvotes These Preferred Shares are worth 8 times more than MMAT on a 1:1 basis. Tweet), and when I look at the volumes traded every day, it is about 1 M shares or less (usually). Hope this helps The filing states that there are currently 64,000 holders of preferred shares and only 165+ million shares . 57 million for the quarter. The price of these preferred shares will only run to a price that is less that what they will have to pay when a dividend is released. If it becomes a spinoff company then the shares will convert to tradable shares in the new company and trade just like a normal security. 00 per share. Get app Get the Reddit app Log In Log in to Reddit. I invest in preferred stocks because Im a retiree who lives on dividends. Each share is adjusted to be worth 2 of the old Track Meta Materials Inc (MMAT) Stock Price, Quote, latest community messages, chart, news and other stock related information. If it gets above $20 per share, I would think many would paperhand and sell their preferred shares before the dividend gets released/paid by MMAT. Every divi that is sent out to share holders the hedge funds will either close their position or The first day they opened trading on mmtlp I believe they suspended trading after that day and then renewed it and the ticker the first day showed up as mmtlp^ on Webull for me the second day I had to go to the search and add the mmtlp ticker again. I used Dividend initially in this post to refer to the Series A Preferred Stock because it seems a very large number of folks consider the terms interchangeable, and I wanted to target those folks and that However this is going to be very volatile, very fluid. We do not currently have any additional information if or when Because brokers still have to pay IOUs. Series C votes will be counted together with common stock votes in regards to an authorized share The Series C Preferred Stock will be uncertificated, and no shares of Series C Preferred Stock will be transferable by any holder thereof except in connection with a transfer With less than a week to go, FINRA has halted trading of the preferred shares. We just have to wait and see how they are going to clean this up. By discounted megaton TNT value, MMTLP and MMAT are at least equivalent to GME and AMC. (MMAT) Common Shares and 2) 100 Torchlight Energy Resources, Inc. That means that the dividend will be divided among 100 mil shares, effectively doubling the dividend you were supposed to get. of us who bought and held through required dates to get a non-tradeable preferred share have lost a lot of money on MMAT stock. 5 million shares to get nextbridge), watching the volume will be necessary. _____ A The man whose algorithm pinpointed the 2023-24 bull market – nailing the turning point to within 2 months – has a new prediction. Go to MMAT r/MMAT • by What you are seeing right now is the trading value based on speculation of the final value. for every one (1) share of MMTLP held. This subreddit is the go-to place for latest news, stock performance, analyses, and projections regarding the company. To answer your question, would I sell my preferred shares MMTLP to buy MMAT? I wouldnt. Sat there for months. _____ A place to interact, discuss, share information, DD, speculation and opinions about META® (MMAT) Now the preferred shares not being tradable thing completely back fired, because market makers did some deeply shady shit by creating an OTC security that would represent the rights to the preferred shares, which essentially made the preferred shares indirectly tradable via MMTLP. When I bought TRCH for the preferred shares, I had a low post merger MMAT share price in mind along with a little extra for the dividend placement (about $2-4/PS), so until this thing vibrates on $5, I’m personally a little frustrated anyone can buy this now, especially given the amount of time thats passed and information gathered. Today is the first trading day of 2023 and shareholders of Meta Materials Preferred Shares have still not yet received their shares of Next Bridge Hydrocarbons. On asking why my MMAT shares have disappeared, he replied it may take 10 days to see your shares in your portfolio. Meta Materials Series A preferred shares (MMTLP) were created during a merger between Meta Materials (MMAT) and Torchlight Energy Resources (TRCH) to provide preferred stock dividends to TRCH. That word was "transferable". ALOT of shares at 0. Sorry just my dumb question, I don’t know how proffered dividend shares work. Spoke to Fidelity and they Shares of MMAT stock are down by over 35% year-to-date. ; Whale Wisdom reports that Cypress Capital Management is the largest shareholder with ownership of 2,150 shares As the CUSIP (59134N203) of tradable MMTLP and OG MMTLP shares is the same, I think Meta or brokers won’t treat them differently when it comes to dividend / Oilco share distribution. MMAT will continue to be tradable, of course. Edit: my numbered placeholder 0$ shares turned into the same quantity of value changing shares and are counted in my account total. " Posted by u/StandardPanic2364 - 18 votes and 14 comments Preferred shares are 100% tradable, you can buy and sell all you like. MMAT preferred shares ticker turned to MMTLP and priced at $0. (the “Company” or “META®”) (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that FINRA has processed and announced the corporate action of exchanging META’s Series A Preferred shares (OTC: MMTLP) for shares of common Depends on how high the price of the preferred share goes to. Posted by u/Fit_Dinner9826 - 25 votes and 44 comments The only thing you can do is sell those shares for that exact price. All unsold MMTLP shares become NextBridge shares on distribution date. 90 what a bummer. Series A Preferred Shares. This Investor Insights article provides general information about how corporate actions and trading halts are processed as well as specific information related to When torch gave the preferred shares for torch preferred then was transferred to mmat 1 mmat 2 then mmtlp, it was a one to one one preferred share for every share you owned. So given the scenario that shorts have to pay dividend which is pref-A share, so they will be forced to buy those from us to pay on borrowed share. This follows Meta’s announcement on Jan. 😉 MMAT DIDN’T create MMTLP! They created preferred shares and DIDNT want them tradable! HFs created MMTLP as a way to cover the divi before it actually had value. 146 votes, 38 comments. The dividend might end up being $1. If you are holding MMTLP you are entitled to anything that is MMAT stock began trading on a 1-for-100 reverse stock split-adjusted basis today. They entitled holders to their pro-rata share of any net cash proceeds after the disposition of the legacy oil and gas assets of TRCH. 00%. Only sell. Well, I just sold 1 share right now to prove that it's possible. 23. This video I talk about my phone call to Fidelity about the Haulted trading on MMTLP PREFERRED SHARES. They won't make a mistake like that this time. 70- . When MMTLP became tradable, I was skeptical FINRA has received a number of questions relating to a corporate action and trading halt in the Series A Preferred Shares of Meta Materials, Inc. Upon determination of the trading status of Series A Preferred Shares, OCC will require Put exercisers and Call assignees to deliver the appropriate number of shares. This can take up to the end of the The thesis is because the 165,000,000 MMAT preferred stock was never meant to be traded and it is sitting in AST in holders accounts, the fact that MMTLP exists and traded those shares can lead one to believe there's at least 165,000,000 shares sitting idle and then more trading leading to >165,000,000 shares. _____ A place to interact In short MMTLP is a MMAT preferred share that is good for a dividend when Torchlight assets get sold . I am actually missing my shares in my interacive account (ii). I have these new MMTLP shares in my account and my TRCH preferred shares are gone, What are these? They were supposed to be OK I'll answer the question that some are sick of hearing 🙄 - To all those posting questions about the value of the preferred shares, the answer is currently zero. 21, 2024 MMAT STOCK PRICE DECREASE: Meta Materials Inc on 08-21-2024 decreased stock price > 10% from $0. There will be no more money exchanged. Opened up RobinHood and say 70 cents for the preferred shares. Reply reply HighlightAny7265 The filing was directed to holders of MMAT’s Series A preferred; that is, MMTLP shares: This prospectus (“Prospectus”) is being furnished to you as a Series A Preferred stockholder of Meta Materials, Inc. Probably just means the actual shares have not been delivered yet. 12 per share fee. The company’s preferred shares that traded under MMTLP have been deleted as part of the highly anticipated Next Bridge Hydrocarbons It began trading on October 6, 2021, according to FINRA’s Daily List. When MMAT is ready to pay cash, the shares are liquidated in exchange for that cash. I called ii on 03456076001. MMAT STOCK , META STOCK , MMTLP , PREFERRED SHARES The Next Bridge Hydrocarbons prospectus informing us of the stock dividend of Next Bridge shares and the cancellation of the MMAT preferred shares says that it is a TAXABLE distribution, unlike the normal stock dividend that is a non-taxable Third, they cannot close those positions without the preferred shares (MMTLP) because they were assigned at a 1:1 basis to the trch shares at the ex-dividend date (June 24) and Fourth, they have to PAY the dividend for every share they can't close. Many brokers do not have this listed as tradeable yet, only a few market makers are accepting orders. Most things you've probably heard are absolutely true. But I got 3100 shares as I was holding this amount on June 22nd. The paperwork is done and can't be disputed. NB will probably be sold to a big oil player, which would be, perhaps, done with a stock swap. Meta Materials had a negative net margin of 3,939. Crazy. Spoke to someone on the international desk. (Start of Thread on Twitter) here's a thread reader link (wont have to click image links) There is history here. I came into the merger with 1 share of MMAT and 1 share of MMTLP. So between 1600 to 4000 dollars. 70 with the people holding those shares being under the completely reasonable assumption that preferred shares would not be tradable and would never have anything to do with being on the OTC. First merger. This was a mandatory corporate action that affected all shareholders. Advertisement Coins. Estimated value of OG mmat/trch preferred share holder here. AMC will be issuing 518M tradable shares of APE to be pause out as a 1:1 dividend per each of their 1:1 AMC shares. I've tripled the amount of MMTLP I have since it began trading on the OTC. No one has those shares yet. Brokers and MMs need preferred shares to settle the special options that began trading after the merger (formerly 100 TRCH, now 50 MMAT and 100 preferred shares). I successfully transferred all of my MMAT shares to Schwab, but was informed by RH that “all options accounts are margin accounts”, and that you can’t use ACATS to transfer things you bought on margin. All borrowed, naked, and counterfeit shares must be covered by buying real shares, because the new company (Nextbridge, (NB)) will be private with private not tradable shares that will NOT be listed on any exchange. In a single stroke, they converted the firm’s entire listed block of preferred MMTLP shares into Unfortunately, I am not looking to transfer right now and don't feel like creating a new account and waiting for funds to clear with a broker that does allow otc trading. because it is suppose to roll into a private non tradable company. Make informed investments with Nasdaq. Every card is NFT with limited supply, and every asset is owned by players. many portions of the liquidated assets you get. What do yall think the preferred A shares will be worth? Closer to 1$ or 20$? These are the Series A Preferred shares we are getting as a dividend. Preferred share holders and common holders are brothers in arms here. Holders of Series A Preferred Stock may not be able to sell, liquidate or transfer such Series A Preferred Stock, unless such shares are registered for sale with the SEC, which we do not expect will happen, or if an exemption from registration applies. _____ A In my experience RH will transfer your shares but not options or preferred shares. No trading. ) All unsold assets by the end of December will turn into a spin-off company, and your Preferred Shares will convert into shares of that company There are just under 200 million shares of MMTLP. The preferreds I buy are par 25. Founded in 2018, Splinterlands is the original blockchain game of digital trading cards. I am postulating that the shares were moved from the numbered placeholders to a ticker placeholder as “preferred shares” Of MMAT and were NEVER supposed to be tradable. Preferred shares are and have always been tradable in OTC. 845x MMAT shares from MMATF. Risking it with an unknown. Ali from Trading Secrets was way off on his estimate as have others who thought the S1-A1 would get approved shortly after submission. (MMAT preferred) shares but still has a separate ticker for original Torch preferred shares 46 votes, 16 comments. That's something we don't know yet. GLTA who buy these shares. If they wanted a full transfer, those PS can't transfer because they have no value. The firm had revenue of $0. but when i called Fidelity they had told me it had seemed MMTLP was a spinoff of MMAT. EDIT: —- H/t to u/xerofate for pointing out that technically, using “Dividend“ to refer to the Series A Preferred Stock shares is incorrect. deliverable became 1) 50 Meta Materials Inc. No buying. Stock and is available for trading. Reply Makerofmoves1978 • So Mmat preferred stocks will be higher with higher oil price? Yup. I'm trying to gauge the dividend amount per preferred share. As a lot of people are reporting, my Fidelity symbol changed last night for my preferred shares. Common Stock (MMAT) pre market trades, share volumes, and more. _____ A place to interact, discuss, share information, DD, speculation and opinions about META® (MMAT) Welcome to the META®verse. However, if you bought after it started trading, then DRSing may be the only safe choice because once again, only the transfer agent RH account shows MMAT-A shares trading at crap $2. Expand user menu Open settings menu Open settings menu 1 original share of TRCH = 1 share MMAT and 1 share MMTLP. Welcome to the META®verse. TDA had issues first thing this morning and re-routed the orders to another market maker, said anyone on TDA/ToS should be able to buy & sell as they please Uncle smokey has been posting a detailed recap of the events surrounding MMTLP, it's a good read, so Figured I'd consolidate it here. Whom ever is holding the MMTLP shares before that date would be entitled to the divi. Some people that sold probably rolled that money into other positions. Thank you for the info, was confused by my brokerage saying “not tradable yet” and your insult helped me understand the level of ignorance I exude with my question. Its just an arbitrary value given so it can be tradable for those who dont want to wait till actual dividend announcement. It is a TRCH series A preferred share. If their is 80-90 million shares to cover (the extra shares that MMTLP shows as tradable compared to the S1 statement of 165. Might be missing out on a bigger pay day but I already have enough invested in MMAT with some of the original preferred shares to not be so greedy. Their once-tradable MMTLP shares are now locked away in 23K subscribers in the MMAT community. Uh hellllll no. I stopped paying attention when I gave up on this company actually doing anything. 70 pricing is just speculation on the future value of the asset. Then when the RS occurred the OCC had to write another memo to once again change the delivery. Who knows if the numbers match up, but at the end of the transaction it's all supposed to get reckoned. However, a Resident Holder of exchangeable shares who receives or is deemed to receive dividends on such shares will not be Wondering the same. What if you sold your original preferred shares and bought synthetic preferred shares? Now you will have to depend on the crooked hedge fund to pay you the dividend once MMAT releases it. lol. Stop using Robinhood if you haven’t already! The outstanding MMTLP shares as an entirety are 1:1 convertible to the entirety of outstanding MMAT Preferred Shares. I mean the regular shares are 5. (Land value is allegedly in the billions according to MMAT. I wouldn't recommend selling until the company makes an announcement about a price. That sale must be completed by 12/31/21. Members Online. that we’ll STILL get that own time divi payment in addition to our preferred shares being converted to this MMTLP tradable ticker? Wouldn’t want these shares to eventually collapse down to pennies and then the announcement from MMAT saying “oh those shares It still shows mmat preferred shares Not the other ticker symbol I had seen it had changed to on other platforms. It's going to take more patients from us for sure! Never was it said that those dividend shares would be tradable, infact they where stated MMTLP is NOT an MMAT series A preferred share. 2) preferred shares get list at . Read more It's showing that I have 6 shares of the MMAT-A, but it doesn't show a price per share or breakdown, or anything. That's why MMAT had to be shorted. They turned into MMTLP which are transferable and tradable. Some people still haven’t received the distribution yet from what I’ve seen in various threads. (Meta Materials) that traded under the symbol MMTLP. Aug. Also sitting on 4500 Preferred Shares. 040 to $0. Ok. 00 high. NB will be a private company with private, non-tradable shares. BTW, there's a $25 per transaction and $. The people that sold their preferred shares sold their right to the dividend and their right to shares of any new spinoff company. poor kid new that are In trouble. View community ranking In the Top 5% of largest communities on Reddit. Yes "placeholder" that is tradable, though this is now getting down to technical semantics that don't really matter. Those that sold were taking a guarantee vs. They will announce what that company is and the price it trades at. This form was sent through Finra and okay'd. (NASDAQ:MMAT) released its quarterly earnings results on Monday, November, 15th. They don't get to say, "haha that was a phantom share we sold! Too bad!" The rest of the market is bursting with phantom shares. There were about 165 Million of these issued (as per George P. This had to do with upcoming MMAT1 options which carried Preferred Shares that could not be delivered (initially MMAT-A, TRCHP, then MMTLP) are the same security: MMTLP with the CUSIP of 59134N203. A long story but a must read if you intend to be in this play with any confidence . Then MMAT did a reverse split making it a 1/2 ratio. (MMATQ) stock price quote with financials, statistics, dividends, charts and more. The Series A Preferred Stock was and is not expected to be listed on a securities exchange and will be administered by AST, the Company’s transfer agent. Yup. That is my dividend. 90 and then in grey underneath MMAT-A with zero value and a note saying ‘these shares are temporarily untradeable’ huh? This fact was never mentioned during all the Hype to buy TRCH before 23 June because it was merging with MMAT and we’d all “go to the moon” and get masses of Torchlight stockholders of record as of the Series A Preferred Record Date received a dividend, on a one-for-one basis, of shares of Series A Preferred Stock. Either way, you have an interest in the new company. 81 average after averaging down on TD. The preferred shares are a zero value placeholder. Interesting indeed. Thousands of Splinterlands players battle everyday for The OTC plays by different rules. 75 cents, are you fucking kidding me! Whether or not that is the real price people can still sell The preferred shares didn't turn into MMTLP, MMTLP is a completely separate entity that is it's own OTC security being used by brokers to represent the rights to the non tradable preferred shares. Because Got mine too. So whatever the difference is of the amount of accounted shares Welcome to /r/txmd, the dedicated hub for discussing TherapeuticsMD Inc (NASDAQ: TXMD). DD, speculation and opinions about META® (MMAT) Members Online. Get the latest updates on Meta Materials Inc. 0 coins. As a holder of soon-to-be NextBridge shares, I also have no reason to advocate or wish for this. Trust the management to pull out the plan and all is good. The shares are NOT transferable except perhaps within the company. 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. (MMAT) Common Shares 2) 100 Torchlight Energy Resources, Inc. First response was What the Hell!!! There was one word, according to John Brda that allowed the shorts to make it tradable. Divi pays and then the shares will disappear worthless. It's not a share in MMAT, it's a share in the Preferred Stock Bottomline is that they will have to pay out the value of 177 votes, 66 comments. Yep, there is a lot of fuckery going on. Sounds fucked if you are willing to risk the chance of being paid by a hedge fund. So this $. This will be like any other stocks where you can sell, buy, whatever else. Series A Preferred Shares (subject to delayed settlement until the trading status can be determined) Settlement Allocation: MMAT: 95% Series A Preferred Shares: 5% CUSIPs: MMAT (New): 59134N104 Series A Preferred Shares: TBD Delayed Settlement Posted by u/Professional-Big-385 - 4 votes and 22 comments Based on the estimated short numbers for TRCH pre merger alone I would guess they still have 10’s if not 100’s of million of shares that need to be covered not even including all the preferred shares that are yet to be covered. r/MMAT • Future is bright, gut instinct trading. 30??? 80 votes, 165 comments. Did this to be a placeholder to get in a lower price but keep money free for other plays, knowing MMAT would continue to rise. The lenders of the shares don’t want to be They're Series A Preferred. Whether shorts fail or thrive makes no difference to me. I will receive (I believe) between $25 and $60 per share in dividends. true I read on the meltdown group that ComputerShare was a scam and you can't sell very easily. Retail traders are angry, but so far, all actions seem to be above board. Dont fall for it! So, I am a holder of 1080 shares since $3 and I was wondering how many shares will this be of the new common stock post merger? I know the dividend Meta Materials' preferred shares have been halted ahead of the Next Bridge Hydrocarbons spinoff December 9, 2022 By Samuel O'Brient , InvestorPlace Reporter Dec 9, 2022, 1:04 pm EST December 9, 2022 The preferred shares are the dividend. All MMTLP shares meant to be sold by investors should be sold and shorts should be ccovered one day before the distribution date. that price is what it costs with no actual value applied. umz qppk pbh nnmgqo daxvd kupdp rchcfhn vwcpxap mbybhg wpvg