Question
$Torchlight Energy Resources Inc (TRCH.US)$
Hi . Can anyone enlighten me about this stock ?
When is the exDate for this for dividend entitlement and how much per share ?
Whats up with the merger thing and how it trigger short squeeze ?
thank you
Hi . Can anyone enlighten me about this stock ?
When is the exDate for this for dividend entitlement and how much per share ?
Whats up with the merger thing and how it trigger short squeeze ?
thank you
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Mcsnacks H Tupack : Ex-dividend is around June 30. To be received December 31,2021 If they profit from the sales. It’s not going to trigger a short squeeze. The rationale behind that has no factual backing.
Mcsnacks H Tupack : They registered about 400 million shares on May 28th at 2.24. They may use those to stop a squeeze.
iCornan OP Mcsnacks H Tupack : I thought normally T3 payout after ex date announcement ?
thatsDway iCornan OP : not sure where the tupack dude got his info from
OldNormanBates : Date is June 22, must own stock then until 24 June when the count occurs.. This is a very complex reverse merger between Meta Materials, a Canadian Co, MMATF OTC Mkt, and Torchlight TRCH, so that META can enter the USA NASDAQ Market. The Ex-Rights Day is June 22nd.Read all of the Latest Posts in moomoo on TRCH and you'll be good for Understanding.. Read the Latest SEC Filing of June 14.Read Twitter (Search TRCH Meta Dividend). You're not going to get away by having me write the entirety of the data yet again. I've done it about 5x yesterday, lol. DD Due Diligence of your own is required to Understand what the complex reverse merger is between the two different types of Companies and how the one-time Special Dividend expectations are, and when and how they occur through 1:1 authorization of Series A Shares for ea Common Stock Shares Owned, which is the vehicle for the Delivery of the Special Dividend of the Sold Assets of TRCH Oil and Gas Production, Equip, And Land by Dec 2021.. Already getting me to far into it and I'll make mistakes soon.
OldNormanBates Mcsnacks H Tupack : wrong date. must own by June 22 hold min to June 24 the count date..
Mcsnacks H Tupack iCornan OP : They are selling Series A preferred stock. Means you buy the stock at 2.27. Then after they use the money collected to pay off their debt then they can liquidate their company. And then you will be paid back that amount plus the liquidity amount divided up amongst the ones who bought the shares. They have until December 31, 2021 to pay.
Mcsnacks H Tupack OldNormanBates : These are Series A preferred stock shares. It’s like a loan investors are giving them. They registered 400 million shares. They will then reverse split them into a smaller number to split up the profits. If there are profits. But you will be paid your original investment in cash or stock shares in META. And they have until December 31, to pay the dividends. But will pay them whenever everything is done being acquired or liquidated. I think that’s right. And they may not even be accepted into the market. It’s not a risk free investment.
Machiavellis3rdEye OldNormanBates :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
OldNormanBates thatsDway : merit, but reading errors
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