![]() Rallies in video game retailer GameStop and AMC Entertainment Holdings have in recent weeks helped reinvigorate a meme stock craze that began at the start of the year, fueled in-part by retail investors congregating on platforms such as Reddit’s WallStreetBets. The higher 81.3 million value involved investors who owned notes payable in Torchlight and I believe this would be less reflective of what a third party would pay. The reverse split which will become effective. Plus Torchlight had also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. I don’t think there’s investors like hedge funds or mutual funds saying we’ve got to invest in this,” said Dennis Dick, head of markets structure and proprietary trader at Bright Trading LLC. Torchlight Energy Resources Inc (NASDAQ: TRCH) 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. “I think it’s social media driven once again. (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. Message volumes on Stocktwits related to Torchlight rose 26%, with nearly 98% reflecting positive sentiment toward the oil and gas explorer’s shares on Monday afternoon. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. trch, an oil and gas exploration company ('torchlight'), today announced that it has declared a special dividend of series. Any less than that, and it would make more sense to own. plano, tx / accesswire / j/ torchlight energy resources, inc. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ: MMAT) stock. Torchlight was among the most discussed stock on trading-focused social media site Stocktwits, a platform commonly seen as a measure of interest from retail investors. With Torchlight trading at 5.07 recently, that means that around 3.47 in value would need to come from Torchlight's oil and gas dividend. The next issue of Financial Post Top Stories will soon be in your inbox. (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. If you don't see it, please check your junk folder. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc.
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