Oh yeah, and has the land been sold, and what’s the dividend? Do we really need to play a guessing game.Īrgh.
#Torchlight special dividend date series
(NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on J(subject to.
Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ: MMAT) stock. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. Late Monday, the company stated the special dividend would be issued on a one-for-one basis to common stockholders as of the close of market trading on June 24. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend. Torchlight and Metamaterial agreed to push back the transaction date to June 30. I guess that’s fine, it would just mean that the dividend for each PS is more.īut when is that preferred share going to be paid? Is it before or after the merger, and, oh yeah, when is the merger going to happen? Is it on the 18th like the docs say or is it on the same day as the date of record? I mean, once they switch the shares to MMAT, then how would they know if I owned TRCH or MMATF on the date of record if all the shares are MMAT? By Alex Sirois Jul 14, 2021, 6:00 am EDT. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. Now, the PR says that they might reduce the number of shares owned in a R/S, and if so, the total number of pref shares would decrease as well. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021.
The Orogrande Project has zero proved reserves and zero commercial. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. Torchlight's special dividend is likely to have limited value though. I know I’m gonna be rich, that’s a given, but the way they are announcing things is really aggravating.ĭate of record: 6/24 Special Dividend: 1 Preferred share per TRCH share owned. Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split.
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