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Saturday, December 3, 2022

Meta Materials, Inc (OTCMKTS: MMTLP) Running as Major Short Squeeze Embarks on 2nd Wave (Next Bridge Hydrocarbons Spin-Off)

Meta Materials Inc (OTCMKTS: MMTLP) continues to move steadily northbound up over 12% on Thursday and heading towards $5 per share. The stock has found solid support since its pullback off its recent highs and is now moving northbound steadily and gaining steam. As we said in our prior article on MMTLP: “After a healthy pullback from its $7.51 highs the WallStreetBets short squeeze is starting to heat up again.” While the original post on WallStreetBets was deleted due to market cap issues MMTLP is all over reddit and is being regularly posted about on Short Squeeze and everywhere else. A break over $5 and things start getting interesting, a break over $7.51 and MMTLP could really take off. 

With the S-1 around the corner the shorts are quickly running out of options; Insiders hold 1/3 of the shares available and they all said they are going long. Most overseas brokers are not allowing trading at all. Retail have continued to accumulate for a whole year! No one is selling at least until the S1 is approved or we start seeing over that $20 mark. Most are saying $50+ now. There is just too much good DD done around this for the community to sell for pennies when this could make everyone rich. Think about it. Most of the shares available are locked up in some way. Shorts have to close their positions before this goes private. 

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Meta Materials Inc  (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials. One MMTLP (Series A Preferred share) will be exchanged into one Next Bridge common share once the spinoff is completed.

Next Bridge Hydrocarbons is an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company’s primary focus has been the development of interests in an oil and gas project it holds in the Orogrande Basin in West Texas in Hudspeth County, Texas called the “Orogrande Project” comprised of leases representing approximately 134,066 net acres. In addition, Next Bridge Hydrocarbons has interests in the Eastern edge of the Midland Basin in Texas called the “Hazel Project”, comprised of leases representing 645 net acres, as well as 2 well interests in Oklahoma. 

On how MMTLP happened John Brda said in a chat with Cyntax Queen of the Metaverse: “We will see what happens, this MMTLP thing was a shocker. It caught us all off guard. There was mistakes made on that deal unbeknownst to anyone to trade it. Two market makers got together on the grey sheets and the only reason they were able to do it as because of one word that was in the preferred that said transferable. They also had a CUSIP number and we used DTC to distribute it so they got together went to FINRA got a ticker and went to the grey sheets and used information from 2012 when I was president of the Company, not CEO and OTC Markets didn’t do anything about, nobody did anything about it, they didn’t care. I was getting phone calls from my broker and guys close to the deal and they were like are you looking at this ticker? and I had no idea what they were talking about, I was on a trip to Nashville when it happened and I saw my 2.2 million shares suddenly worth $6.6 million dollars and I was like how the hell did that happen. Thats when I started to look into is, there’s some nefarious shit going on. My theory is that MMTLP would never have happened had the books been completely balanced on the dividend date, so the brokerage houses, the prime brokers and these hedge funds never cleared their positions so they started trading this so they could get people to sell their preferred positions in their brokerage accounts so they could clear out their trade.” 
UncleSmokeyStockTrades asked: “Everything was transferable you just said that so that means anyone buying MMTLP gets the dividend?” 
John Brda stated: “Yes, they get the dividend” 

 So how much oil exactly is in the ground? 

See the original press release from Torchlight when they made the discovery here: https://www.reuters.com/article/torchlight-oil-idUSL3N2AO3R6 

They state: “Based on an analysis by Mike Mullen, president and founder of Stimulation Petrophysics Consulting, the Orogrande basin has a recoverable reserves estimate of 3.7 billion barrels of oil equivalent, the Plano, Texas-based company said.”

In September Next Bridge posted on their website (it has since been taken down however it can be found on web.artchive) 

Overview: Next Bridge Hydrocarbons is exclusively developing its Orogrande Basin asset, the Orogrande Project, located in West Texas. The Orogrande Project has shown to have potential for multi-stack pay zone, totaling 600 to 800 feet thick, with geologic and reservoir similarities to the Midland Basin. 134,000 Net Acres, 3,150 Potential Well Locations and 3.2B potential Recovery (BBL)  

3.2 billion barrels of oil is worth roughly $290 billion at current oil prices

In the S-1 they stated: 

“We have satisfied the 2021 drilling obligations in the Orogrande play and in satisfying our 2021 drilling obligations, we identified new potential pay zones not yet discovered in the Orogrande play. Development of the play began during the 2022 fiscal year.” 

In other words, there could be a lot more oil and gas than the 3.2 billion barrels originally projected and even the original press release from Torchlight said they were 3.7 billion barrels in the ground) 

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MMTLP

George Palikaras, CEO of MMAT, was talking to some people about this deal and he said, he didn’t know they were recording him. He was recorded saying first of all, that he is not an oil guy and his predictions can’t be trusted. None the less, he predicted. At the time, oil was between $40-$50 per barrel. Barely a profit. He said that the dividend could be anywhere from $1 to over $20 per placeholder and given the current Biden administration, depending on what he did to the oil market in the future, $20 could be a low number. Full recording. 

Enter the unofficial mascot for MMTLP: Bird Lady, Roller Pigeons. She is a very smart lady and if you can get past the bird costume you can learn a lot. I call her Pidge. This lady is pretty smart. She definitely knows her math, but she wears a bird costume. She said, it was like a disclaimer so, in case her predictions were off, you can’t sue. We’ll see, I guess. She came up with a formula to predict the value of the assets. Then, appeared another very smart person, Tony, from the Market Moves on YouTube. he saw what she was saying and was like, I’m really good at math. I bet I can back test her method and see how accurate it is. Turns out, it’s pretty accurate. They’ve used it to show the math on several oil deals this last year and they all came up with matching numbers! 

credit to u/dbCaeBLe on reddit: Based on their predictions, many folks are now saying their floor is $70+ per MMTLP. 

Insiders hold 1/3 of the shares available and they all said they are going long. Most overseas brokers are not allowing trading at all. Retail have continued to accumulate for a whole year! No one is selling at least until the S1 is approved or we start seeing over that $20 mark. Most are saying $50+ now. There is just too much good DD done around this for the community to sell for pennies when this could make everyone rich. Think about it. Most of the shares available are locked up in some way. SHORTS HAVE TO CLOSE BEFORE THIS GOES PRIVATE.

credit to u/alfielad2021 on reddit: Another potentially important person to bring up, is Houston Wade, the stock market YouTuber. He has an interesting past with Reddit and the other Meme stocks that some may be aware of. I’m not bringing him up to highlight that though. What we want to talk about is his direct connection to this play. Houston Wade’s brother is the MMAT CPO, Chief Product Officer, Gardner Wade. He recently hit the social media world, pumping Meta and its products, but was quickly told by MMAT PR team to stop. We see very little of him now, other than talking about the next conventions. 

His brother, Houston, though, has always been pro MMTLP and MMAT. He claims that he doesn’t have insider knowledge and they don’t talk about the assets. None-the-less, Houston has openly talked about his opinions. Here, Terry Yonkers records his impressions of Houston’s recent thoughts on MMTLP and what could happen with this squeeze.

Apparently, MMAT’s PR team, reached out to his brother and told Gardner, he needed to tell Houston to stop talking about MMTLP!!! I believe, it is because he said, he thinks the assets value will be between $30-$60 and he will hold until the very last second to sell because, the shares could go to $1000 per, if everyone will just hold through the volatility. Check out the first few minutes of the disclaimer stream here. You can tell he wants to keep talking, but cannot.

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MMTLP has huge potential and is easily the most exciting story happening in small caps right now but as we said in our last article there is little guarantee it will turn out anything like GME, AMC or any of the other recent short squeezes have. Elephant Analytics on SeekingAlpha wrote: “I am of the opinion that MMTLP’s current price (of $6.69 per share) far exceeds the current intrinsic value of the oil and gas assets that Next Bridge will own. At $6.69 per share, Next Bridge would have a market cap of $1.1 billion, which would be an exceptionally high valuation for a company with no current production, negative free cash flow and no evidence that it can generate competitive well-level returns.” While this may be true MMTLP gave investors a glimpse of a serious powerhouse over the past 2 weeks as the stock moved steadily upwards every single day making double- and triple-digit gains along the way as the overall market where weak at best and penny stocks were on life support. There is no reason to believe there won’t be a second wave northbound based on recent trading; a break over $7.50 per share and MMTLP could really take off. We will be updating on MMTLP on a daily basis so make sure you are subscribed to microcapdaily.com

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Disclosure: we hold no position in MMTLP either long or short and we have not been compensated for this article.

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1 COMMENT

  1. I have 100% of my portfolio in MMAT & MMTLP1
    MMAT is the future — MMTLP is RIGHT NOW!
    I can’t stop buying MMTLP. It has been this way for the past year. No vacations, no Christmas gifts, no college graduation gift, no new car…just MMTLP stock buys week after week after week! A MONSTER PAYDAY is coming real soon! Love ya RIGHT BRAIN TRADER, BIRD LADY, MARKET MOVES TONY, TRADING SECRETS ALI, BUY THE DIP TERRY & UNCLE SMOKEY! Hope you all get rich, too! See you all at the pool-top party in Las Vegas! Ray in Elkhart, Indiana 🙂

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