Just seeing if I understand what’s coming for TRCH

quixi
2021-06-16

Just seeing if I understand what’s coming. Let’s say I own 1k TRCH. On or after June 24, it becomes 1k MMAT (but if you’re a current MMAT holder, 1k MMAT becomes 4K?) also on or June 24, we get paid out a 1 time dividend for the amount of shares we own. No price set yet but could range from $0.50-$45? Thanks in advance! $Torchlight Energy Resources(TRCH)$

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Comments

  • Kaboom
    2021-06-16
    Kaboom
    Im wondering too of your analysis is correct then it makes more sense to buy MMAT as it is roughly around the same price and it would quadruple after on 24?
    • MissyscoozzyReplyCharlesDN: 
      Its traded as mmatf
    • CharlesDN: 
      MMAT is OTC...I don’t think we can buy this stock with Tiger.
    • mcspicy: 
      it’s because shorts have to cover by 24 for TRCH since they’re merging
  • chinchillx
    2021-06-16
    chinchillx
    u need to do ur DD. i don't think u understood correctly..
    • RC_ADRICReplyAngelinegoh: 
      Search seekingalpha trch.
    • AngelinegohReplychinchillx: 
      hi where to view seekingalpha analysis?
    • chinchillxReplycheekeong: 
      read seekingalpha's analysis. i alr sold mine at 5.30 yday. wish i knew today was gonna boom again & cud have easily swing trade to make 1K
    • cheekeong: 
      Can u give more explanation? Any action needed?
  • RC_ADRIC
    2021-06-18
    RC_ADRIC
    Do note that non-US Citizens wil have to pay a WithHolding Tax of 30% for the special Dividend.
    • RC_ADRICReplyMissyscoozzy: 
      Yep. seems like Singapore is not covered
    • Missyscoozzy: 
      Not all. those with w8-ben Pay between 0-15% depending on country treaty with the US
  • ZuoMing
    2021-06-17
    ZuoMing
    the dividend value is being priced into trch. once merged with mmat, value will drop
    • elgantineReplyJinyyy: 
      What he means by priced into TRCH share price is that investors expect there to be divudends so they are willing to pay More for TRCH with this expected dividend in mind
    • Jinyyy: 
      why?
  • CIA76
    2021-06-23
    CIA76
    Mmat is now $10. Makes more sense to buy tRch at such a Discount right?
  • Missyscoozzy
    2021-06-24
    Missyscoozzy
    Ok. Done the DD. TRCh shareholders will get 1:1 Shares of MMAT. MMAT shareholders will get 3.6:1 shares of MMAT. Price traded after 30th will be last done price of TRCH.
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