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Sunday, November 27, 2022

Meta Materials Inc (OTCMKTS: MMTLP) Short Squeeze S-1a4 Filing Signals S1 Approval Could Be Days Away (Next Bridge Hydrocarbons Spin-Off)

Meta Materials Inc (OTCMKTS: MMTLP) had an enormous day on Wednesday rocketing to highs of $9.95 in the afternoon before another short attack near the close brought it under $9 again for a close of $8.85 per share. The Company filed an S-1a4 on November 9 and the only changes from the S-1a3 is the filing included 9 months of data versus 6 months of data signaling we could be days away from S1 approval. 

There is a brand new updated article on MMTLP published on November 24 HERE:

Once the S1 is approved shorts will have 15 days to cover the 80 million shares sold short and if they don’t cover their broker will cover the shares for them. When that happens and the brokers are just dumping shares as Houston Wade points out, “we will see, perhaps, just astronomical prices” For 80 million shares to cover we will see a massive increase in trading volume and ultimately the brokers will pay whatever price they have to. Should a short squeeze happen, $30 to $60 is the most common estimate on MMTLP.  

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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 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 to 3.7B potential Recovery (BBL)

MMTLP continues to be among the main topics discussed on the sub reddit ShortSqueeze; recently NinjaPwease u/dbCaeBLe posted: “MMTLP – Haven’t sold a single share. We haven’t even started to squeeze yet. This is just smart FOMO. Liftoff imminent. 

_SCHULTZY_ replied: “The assets could be worth significantly more than the current price. The reason for this is the preferred share was never meant to be tradable on the market it was a result of holding through the merger. The oil and gas assets are technically still “unproven” but it’s believed they have 3.2 BILLION barrels of oil and this will quickly change once it’s off Meta Materials books and into its own private company NextBridge Hydrocarbons. Basically they’re undervaluing it now to prevent the tax implications of the assets once they become proven. We’re currently waiting for the SEC to approve that S1 paperwork which starts the squeeze.
So basically it’s a short squeeze with a safety net. If the squeeze doesn’t work out and you hold, then you end up with shares in a private oil and gas company that’s looking for a big energy company to buy them out.
Why are they shorting? They need the shares to buy back but many are held by insiders, in foreign markets that can’t buy or sell OTC or already direct registered for the private company. Shorts have been attacking it to discourage people into selling their shares because they need millions of them to close their positions before this goes private.

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Rollerpigeons stated:I believe the assets to have significant value, I have calculated that value to be $32 to $60 per Nextbridge share, that’s what I believe it to be. I have fact tested this across numerous people and different entities and they all seem to nod their head in agreement but you know they can spin anything into negative news. I think now it’s just a matter of holding tight, we will very shortly see a finality to MMTLP trading. Next steps are we are going to see something with dates on it, and then we are going to see a pr come out from either Nextbridge or Meta talking about the new record date for shareholders. The way this works is, MMTLP shares will be cancelled out and you will be given equity in Nextbridge Hydrocarbons.”  

MarketMoves states:The only thing that I see that has changed is we now have 9 months of data versus 6 months and I’m guessing its because the SEC took to so long to approve this. So thank you John Brda for your tweet, you basically summarized everything that need to be said. I think we are getting very close to approval on the S1 from the SEC because there are very few changes here, there is just 9 months of date versus 6 months of data. We are looking at 1 week or less. Why do I say this? Well, we can look at what Wilmerhale has to say, they are a prominent law firm in Silicon Valley and they say the lapse time and the Sl4 filing and the SEC comments should be very, very quick. We are in the fourth comment letter right. We could be done in 3 days.”  

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Currently making a powerful run up the charts MMTLP had an enormous day on Wednesday rocketing to highs of $9.95 in the afternoon before another short attack near the close brought it under $9 again for a close of $8.85 per share.  As we wait on the S-1 to be approved MMTLP is now the number #1 trending stock on Stocktwits and the Shortsqueeze subreddit and youtubers covering the MMTLP situation all echo the same price predictions of between $30 to $60 per share based on the 3.2 to 3.7 billion barrels of oil in the ground. As we said we could be days away from approval now that the Company has filed the S-1a4 and the only changes from the S-1a3 is the filing included 9 months of data versus 6 months of data. Then the 15-day countdown to privatization begins and 80 million shares currently sold short will have to be covered; this is when the real short squeeze will happen. We will be updating on MMTLP when anything new happens 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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4 COMMENTS

  1. LOL. This is complete nonsense.
    The longs are going to get rug pulled as usual while the penny fraud pump and dumpers are laughing all the way to the bank.

    When will you people learn???

  2. The part everyone misses is most people think the shorts need to cover but they forget to realize that their brokerage firms won’t let them hold shares of a private company once this transaction happens so the longs will be forced to liquidate also thereby covering any shorts. I can tell management is planning to jump on all this nonsense and issue more shares at the higher price just like last time at the expense of their shareholders.

  3. This is incorrect. While you are 100% correct that the short have to cover in the next 15 business days now that the S1 is approved or will be Monday the longs don’t have to sell, if they don’t sell their shares, they will have shares in the private Company.

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