Torchlight special dividend payout12/24/2023 ![]() Metamaterial may have approximately 122 million fully diluted shares now, while Torchlight may have around 153 million fully diluted shares. The former operator of the Orogrande Project sold its 9.5% working interest in the assets for $2.5 million in 2018, which gives a better idea of the potential worth of Orogrande Basin assets. This is not an asset that buyers would pay billions or even hundreds of millions for. Torchlight's Orogrande Project (Hudspeth County) acreage had no proved reserves at last report, and Hudspeth County had no reported production at last report either. However, that comparison shows a lack of understanding about oil and gas assets and is not that much more valid than using Manhattan land values to value a parcel in rural Nevada just because both areas are part of the United States. These calculations tend to mention the value of prime Permian Basin acreage when discussing Torchlight's Orogrande Basin acreage. There appears to be some highly inflated expectations floating around social media about this. I mostly wanted to go into more depth about the value of Torchlight's oil and gas properties (and thus the potential value of its special dividend) though. Metamaterial's stock is up around 36% since that report, while Torchlight's stock is down around 38% over the same period. Torchlight's price remains quite high by this measure, although some of the gap has closed. I've expressed my opinion about Torchlight's relatively high price compared to Metamaterial's given their relative stakes in the post-combination company. Do this now.Torchlight Energy Resources ( TRCH) is heading towards its merger with Metamaterial ( MMATF). It doesn’t matter if you have $500 in savings or $5 million. Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Read More: Penny Stocks - How to Profit Without Getting Scammed More From InvestorPlace If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. ![]() WISH Stock: What Investors Are Saying About ContextLogic as It Becomes a Meme Stock Favorite.Blockchain Stocks: Why MARA, SOS, RIOT, HVBTF Stocks Are Down Today.5 Penny Stocks Making the Biggest Moves Today.Take a look at all of that information by following the links below! More Monday Stock Market News We’ve got stories covering the top five penny stocks on the move today, why blockchain stocks are taking a beating, and plenty of other news worth looking into. offers incredibly in-depth daily coverage of the stock market and today is no different. Of course, there’s plenty more stock market news worth looking into today besides just this. TRCH stock was up 42.3% as of noon Monday and is up 1,152.1% since the start of the year. That’s a massive surge in activity compared to its daily average trading volume of about 16 million shares.As of this writing, more than 225 million shares of TRCH stock have changed hands.Those predictions are coming true as the company is seeing incredibly heavy trading of its shares today.It’s also worth pointing out that TRCH stock was talked about as a potential short squeeze target over the weekend. ![]() It’s set to be paid out to investors in TRCH stock on June 25.Luckily, they won’t have to wait long for the merger dividend.Ĩ High-Risk Stocks to Buy That Are Worth Taking a Chance On.That’s a massive range for the special merger dividend that investors will have to hold out for.However, analysts are expecting to range from anywhere between $1 per share and $20 per share.Investors that are wondering how much the dividend will payout still don’t have any concrete details. ![]() They will also have to continue to hold those shares through June 24 to be eligible for the dividend.Starting off, it’s worth noting that investors will have to be on record as holding TRCH stock starting on June 22.Here’s everything investors need to know about the merger and what kind of dividend holders of TRCH stock can expect. ![]()
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