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Torchlight Energy Resources, Inc. (TRCH)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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0.3940+0.0340 (+9.44%)
At close: 1:00PM EST
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  • A
    Anonymous
    Huge day
  • B
    Bob
    Plot twist: Jason and John are the same guy
  • J
    Jason
    The transaction with META actually makes a lot of sense as the company is clearly monetizing their trading shell by doing a reverse merger with META. They’re extracting value out of every asset they own. Shareholders of Torchlight are getting effectively 25% of their position in META for doing absolutely nothing, plus they get to keep everything they already owned in Torchlight. The shorts will now need to see if they want to continue to short META because effectively Torchlight is going private. The reason for this strategy is that the company doesn’t see a need to be listed any longer. It’s expensive, the market doesn’t properly value them, they don’t want to further dilute the shareholders, and there’s tremendous value in a clean trading NASDAQ listed trading shell. The company has proven the Orogrande field and they’re now in divestiture mode. Management has stated they do not like dilution and any further development of the Orogrande will be done via a partner if they are unable to sell the property outright. Management has always been aligned with the shareholders. McCabe owns a significant amount of stock in the company, has continued to increase his stake in the company, and none of the insiders have sold a single share.

    For those focused on the merger remember that the company never stopped marketing their Orogrande property and an asset sale or a JV could be announced at any time. I firmly believe if the plandemic and the Saudi oil war hadn’t hit in early 2020 this company would’ve had a transaction of some sort in the first half of this year. They had just announced bringing oil to the surface in February. That was one of the last boxes to check after all of the science, core samples, third party analysis was pointing to a massive oilfield. The Orogrande sale or JV just got delayed.

    Finally, if Biden ultimately wins the Presidency he has been vocal about banning frac’ing, but this mandate would be on federal land. Torchlight’s Orogrande is on University Lands, which is not federal. This property becomes even more valuable under a Biden administration.

    Stay tuned here as a lot of things are coming to a head here all at once.
    Bullish
  • J
    Jason
    This guy John is working so hard to spin a negative narrative it’s laughable at this point. McCabe is restricted due to the upcoming merger with META but found a way to add to his position. There has not been one insider sale in I can’t remember how long. Only buys or additions to their positions via transactions like this Winkler deal. He must believe the value of those shares will be greater than the cash paid for them.
    Bullish
  • A
    Anonymous
    Very low float stock, this moved 15 cents with only 5 million in volume; make sure to load up before more news comes out about their merger
  • J
    Jason
    Always boggles my mind when someone continues to stick around message boards dripping negative bias over long periods of time. If it?s such a bad investment and you think management is out to get shareholders then the easy solution is to not invest or sell and move along. It?s quite apparent to me that that this John character is a resident short and most long time shareholders of Torchlight know there is a rather large short position in the stock. Don?t tell me you?re the white knight here to save shareholders because we all know that?s crock of #$%$ NASDAQ reports roughly 6 million shares short and that is just what we know about here in the U.S. NASDAQ does not know what is held overseas (Torchlight trades on Berlin exchange) nor do they know how many shares are naked shorted. Some have reported total shares short (US, overseas, and naked) of upwards 21 million shares short. With the curveball of a merger with META and a special dividend the shorts have good reason to now be concerned as they will be on the hook for any special dividend issued. Further, they have no idea what?s coming down the pike and the company never stopped marketing their Orogrande property. The details of the merger with META should be out by end of November according to the company?s recent press release and the fireworks should begin from there. Pull up a seat and stick around a while because the show is about to begin.
    Bullish
  • A
    Anonymous
    Next week we in the .30’s
  • A
    Anonymous
    The short interest in this is so juicy
  • A
    Anonymous
    Moving closer to the date; look at the short list on this stock; and that’s only US; doomsday is coming for shorts like John; the stock is not budgin past the great support system; 50k shares bought moves this a cent or two; when volumes hits when news comes out; WAtch out; LOAD NOW BULL
    Bullish
  • A
    Anonymous
    Buy buy buy: doomsday coming check out stocktwits for more
  • w
    will b
    Folks, this merger is genius. Yes, Torchlight is flat broke, busted, and without a chance. But that is why this deal is happening. By "buying" Metamaterials Inc. The two employees of TRCH are receiving a financial get outta jail free card and Metamaterials gets a free, painless, stressless listing on the NASDAQ. There are articles that say just that. Have yall actually read the free and readily available Letter of Intent they filed with the SEC? Torchlight will literally cease to be an oil and gas company. They are literally giving their nasdaq listing to meta for the opportunity to get rid of all the debt they racked up right before Covid knocked the bottom out of fossil fuels. I'm not saying Metamaterials will cause the share price to rocket but I'm personally in for 41,000 shares hoping for the best! Good luck all!
  • J
    John
    More dilution today. They gave the finger to existing shareholders once again.
  • A
    Anonymous
    Huge conference virtual call for shareholders at 9 am oct 26. More news to come shortly about this merger
  • A
    Anonymous
    Beautiful completion of the hazel project; next week better news for the hazel project and orogrande still in play; with the merger news coming this is BULL
    Bullish
  • A
    Anonymous
    Late October/early November when more news come on the merger; this is gonna be big... the oil industry is bound to pop off as more demand is coming; the merger with meta will only make their product better which will only bring in more business and market cap. If you’re not long in this you shouldn’t be here
    Bullish
  • A
    Anonymous
    Buy every dip
  • J
    John
    Well, the annual meeting was interesting. Complete control, no questions were allowed. How convenient. 53 percent of the shares were represented in the quorum. Over 90 million shares now issued. No updates on a company where the Shareholder has been decimated. They have a lot of guts to not take one question.
  • A
    Anonymous
    Huge news today ! Only up from now
    Bullish
  • A
    Anonymous
    Huge merger; this is a 1$+ even 2$ in the near future
  • J
    Jason
    Stock gain (20%) and daily short volume (56%) almost identical Friday and Monday. Short sellers continue to short at high levels to delay Armageddon.
    Bullish