$Meta Materials Inc.(MMAT)$It's starting to run up. Sit tight guys. Those holding TRCH earlier on and gotten MMTLP, pls don't be a weakhand. The price of the dividend asset may be more than the run up price, referencing to oil price.
If you sell it cheap, then you are allowing the shorts to cover.
There is always an debate online on whether will $MMAT run up because of people putting back the profit from MMTLP to MMAT. I think it's a mystery how the things will turn out. Firstly, MMTLP is not a recognised ticker by the company MMAT. So it's a risk to participate in this stock as the company don't recognise it.
Secondly, the main catalyst of MMAT is there were a large number of shorts being trapped once MMAT merged with Tourchlight Energy(TRCH). By right, those who short TRCH will have to cover with MMAT. But the complicated part is TRCH issued a dividend placeholder for the asset to be sold. The mystery now is whether the short should cover with 0.5 MMAT and1 dividend placeholder(MMTLP) or only MMAT? No one has an answer for this. I will be sitting back to watch how all these unfold and it will likely create a run up on MMAT. This is non financial advise but how I see the whole saga.
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