TRCH

leahsmama

I saw this! It really infuriates me, I hope there is legal recourse for the people affected. I purely bought TRCH for the dividend (though once I researched Metamaterials, I've continued to accumulate shares) but besides the point, if my broker sold my placeholder preferred shares, preventing me from my dividend payout, I'd be heartbroken!

AnnoyingPlastic

Live and die by $GTE, $MMAT and $CTXR. Been holding $TRCH, not selling during merger and accumulating more $MMAT ever since $GTE just posted operations update. Looking good. $CTXR, this is not a $2 stock imo

calebsurfs

Some bullshit about how the shorts have to buy the special shares to cover their TRCH shorts I think. I have 20 of the bagholder shares sitting in my account but etrade won't let me trade them

calebsurfs

Its the shares tied to the special dividend from when MMAT was TRCH. The shares give you the right to the dividend if it is ever distributed. If its not distributed I think it buys you shares in some new company, the details are a bit hazy to me.

Pleasant_Alarm_8800

TRCH dividend shares are now for sale on OTC with still no dividend amount assigned to them. MMTLP to the moon without bagholding TRCH/MMAT.

Puzzleheaded_Fan_123

RVI is declaring a 22 dollar dividend on Oct 13/14, any reason to not go into this play? Reminds me of TRCH

HotSarcasm

Those MMTLP preferred shares from the MMAT / TRCH merger are really on the move today. They were assigned a $0.01 value on Wednesday and trading over $3 now. They'll likely tank after the dividend is paid, but interesting to watch.

mnspence

Just got my MMAT-A preferred shares from the TRCH merger

HotSarcasm

For those who jumped on MMAT (formerly TRCH) for the dividend months ago, MMTLP is the new ticker symbol for those shares and you should see change reflected by end of this week in your account. Theoretically, these might finally begin trading in some limited capacity on some platforms.

thewolfofczechstreet

It merged with TRCH. Today merger involves Nanotech Security Corp.

Realistic_Medicine31

I just took a gamble on it a few weeks ago through hearsay that it’s gonna squeeze again. Something to do with naked shorts left over from the TRCH merger

superlgn

17.91. My TRCH must have been about 8.95. Horrible. It climbed a bit higher in the hour or so after I got in. I thought about taking a hit on my PDT score to take a small profit and get out, since it was super risky buying in that high to begin with. Next move would have been to sell the next day when it fell below 8. I should have bought a boatload when it dropped under $3, but I wasn't quite sure where the bottom was, and before I knew it the stock was back up over $5. If I bought $2k at 5.19 now my average would come down to just under $7. That's very salvageable. I could even make a nice profit if we ever headed north of $10 again. Or I don't put any more in and just sit on it. Regardless, I had a whole lot of missed opportunities here. Couldn't have played it worse.

CaptainWeee

Well they recently merged with a major oil and gas company $TRCH so now they are in two major sectors. The meta materials sector which is their major bread and butter and now they have a foothold in the oil industry. $MMAT itself delivers previously unachievable performance, across a range of applications, by inventing, designing, developing and manufacturing sustainable, highly functional materials. The company’s extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. META’s achievements have been widely recognized, including being named a Global Cleantech 100 company.

superlgn

I bought TRCH at the top, held into the abyss and through the merger / ticker change, so I too am long on Meta. 

Pleasant_Alarm_8800

It'll do what TRCH did. Ride up as people pile in for divvy. Best day to exit? September 29th. I'll take my FOMO profits.

boomthedragon

Understood and respected. Some stocks just leave a bad taste for certain people. I feel that way about MMAT after the TRCH merger. Still waiting on my divi. lol

LilJimmster

I wanted to believe in it but literally nothing made it go up it was still going down after the release of their movie I was like wtf 😂 I put that money into MMAT cuz I got in early on TRCH before the merger. I think MMAT is gonna do wonders

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MMATtrch

It could go either way I would think. I bought TRCH & the Hedgies are CyouNTS driving it down. Which one? If there is no Dividend, watch to see, get ready to buy down if attacked.

FeverForest

I learned from being in TRCH riding it through the merger lmao. At least there was a divi and like MMAT is actually a really good long term play with tons of potential catalysts. Rode SPRT from $8 to $45 and said fuck this merger shit and got out, so glad I did.

Jmonahan581

Gotta wait until they finalize selling TRCH assets and fund the shares. Once funded you can offload them.

oog_ooog

Good deal brother that makes me smile. Unfortunately many are bag holding https://www.reddit.com/r/TRCH/comments/pjh20g/anyone_still_as_badly_hurt_by_this_or_is_it_just/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Jmonahan581

The transaction is not completed until all of TRCH’s assets are sold and preferred shares are distributed. Sorry, guess I should have used different terminology.

LimmerRZ

It will show a value and will be redeemable once all to torch assets are sold. Here is an email from mmat Hi, Thank you for your inquiry regarding Meta Materials Inc. (META) (NASDAQ: MMAT) (CSE: MMAX). All the information related to your shares was previously made public and the details of the transaction are all filed with the appropriate regulator entities, please visit site link above and the investors section. The Series A Preferred share dividend was distributed by Torchlight's transfer agent on June 25, 2021 to shareholders of record of Torchlight on June 24, 2021. The ex-dividend date was June 22nd, see releases below on this matter. Please see the June 29th releases below for full details however these Series A Preferred shares are your dividend, it is what is showing in your account now. The preferred shares are not listed and there is no ticker symbol per se nor any price quoted, these are private shares not publicly traded. They entitled holders to their pro-rata share of any net cash proceeds after the disposition of the legacy oil and gas assets of TRCH. There is no market for these shares they are not tradable. There is no definitive time line for their disposition Series A Preferred shares identifiers are CUSIP - 59134N203 and or ISIN: US59134N2036. Further, please read all company press releases for the FACTS. As per the META Shareholder Letter Q2-2021 read the excerpt: “All aspects of lease obligations for the Torchlight oil and gas assets are in compliance, and we have hired a consultant to help determine the best path to maximize value for the Series A Preferred shareholders.” Please visit the Investors section of our website for our complete financial statements and MD&A. If you want information on all our corporate development and or financials please go to the Investors Section META Any additional questions related to your personal accounts or holdings will need to be addressed by a registered broker or the parties mentioned that are handling the process for META. All publicly available information related to your question(s) was addressed by the Company in their press releases (linked below). A full description of the processes and who is responsible for such is contained in the "Update to Shareholders" press release: META Provides Update to Shareholders on Exchange Process and Timing (Jun 29, 2021) Metamaterial Exchangeco Inc. Commences Trading on the CSE (Jun 29, 2021) META Closes Transaction and Commences Trading on NASDAQ (Jun 28, 2021) Completes UK Funded Project towards Developing Non-Invasive Glucose Sensing System. Recent CEO - CFO interview on The Wall Street Resource: The Wall Street Resource META Webcasts META Joins Stanford University SystemX Alliance Affiliates Program META Appoints Darren Ihmels as Vice President of Business Development Ophthalmics Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations META Announces Agreement to Acquire Nanotech Security Corp. for C$90.8 Million META Announces Second Quarter and H1 2021 Results Please call if your require further insight and leave a message on 877-255-8483. Regards, Mark Komonoski Senior Vice President Integrous Communications Direct: 877-255-8483 ir@metamaterial.com

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Rothiragay

It is getting pumped on reddit right now. Do you remember what happend with ATOS CTXR TRCH and SPRT after they got pumped? I think going over 1$ is inevitable at this point

PsycheRevived

I never use stop losses, I trade based on whether I would invest cash in a stock at this price or not. So I was down 50% on KATX but didn't even think about selling, because I felt like if I had cash in my account, I'd be using it to buy KATX. That's how I felt about TRCH and CTXR in April and May, too, and those turned out perfectly. Sometimes I get burned, like I gambled and lost on a few stocks recently that crashed on merger news (and no news, for one). I eventually decided that I'd rather invest in something else and sold for a loss. Sometimes I sell purely because I think another stock will do better. I may like a stock but think another stock is about to run, which is why I sold half my portfolio when RGBP started filing Financials. I don't intend to get losses, but if I had capital gains for 2021 and had a stock that was negative and I didn't think would recover quickly, I'd definitely sell to offset the gains. Luckily I won't have that problem just yet 😂

PsycheRevived

RGBP - My biggest winner so far, despite riding it up and back down in April. If I had sold at the peak in April I would have made an extra $25k. TRCH - I knew it would climb back up and bought big when it was under $2. I left a lot on the table when it was above $10 and I didn't sell until $6.6. CTXR - Smaller win but still a win, I sold at $4.2 for over 100%. IGEX - I screwed up by not selling when it got above $0.0090, so of course it dipped to $0.0030. On its way back up and I should end up making good profits this time around. GVSI - Still hasn't even run, but I'm up 100%. Probably going to be my biggest win when it finally runs. Bonus shout-out to CYBL, TXTM, ELRA and KATX (prospectively, once it goes pink current).

JackB4Ucryptostonkrs

TRCH Now META is at Half that $10 price tag.. We’ll worth a look

Realistic-Zombie7189

$MMAT $MMAT Breaking News According to multiple sources the CEO of Metamaterial name is appearing under “Oilco Holdings Inc”This potentially means:- Dividend being in the works- Potential Spin-off for TRCH- MMAT partner to use the land for geothermal use \-->target 40$ https://twitter.com/MMATNEWS/status/1433304269764153344?s=09

Culture-Plus

Yeah, from the TRCH merger. Lost a bundle. MMAT needs to go to $10 so I can get out :(

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Hotrickz

Love MMAT and I’m all in. Been holding since TRCH. Not selling until xxx

Clloudez

From my experience with TRCH into MMAT they don't NEED to cover. Check the short % on greenidge but SPRT seems to be compressing and the FOMO of people claiming the shorts MUST cover and that might start driving the stock up to a point where the hedge shorting the stock will cover to prevent further loss. But usually after a merger like this, in my experience, it'll spike pre merge and then gutterball after the merge.

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PeepeepoopooboyXxX

You FOMO'd into SPRT didn't you. I have 0 knowledge on this subject but held onto that sucker for months anticipating at least $20 since nobody really knew about it until the news started talking about it and for future reference please stop chasing the green dragon it's not healthy for your portfolio though an example for this merger stuff would be MMAT and TRCH. It ran hard prior to the merger but absolutely tanked afterwards(though it really wasn't shorts covering i think since everyone was buying for that dividend then all cashed out after the record date)

Culture-Plus

I’m sure you love MMAT but I was in TRCH and got slaughtered during the merge. MMAT would have to clear $10 for me to be in the green.

shastas

Huh? I've been in since TRCH

disoriented_llama

I knew about that a while ago. I held positions once upon a time in both MMAT and TRCH—not anymore because my interests lie elsewhere. But, like I said, get your money. I’m glad that’s working out. I remember before the merger it lost traction after some bad press but the press sucks anyway. Lol.

GetSmitt

Sprt has been a commonly talked about penny stock for months, similar to how TRCH was pre squeeze/merger. It's just gaining a lot of attention because it's squeezing like a mother fucker rn, more than almost anything since gme in January

superlgn

Got into TRCH darn near the top and foolishly held out hope for a magical turnaround. Could have taken a 15% loss, now that's all that remains... $17.91 average. :/

CoryW1961

I responded. Not sure where it went. Do your own DD though! There's a great group on MMAT on this very platform. Not hard to find. Basically though there was a merger with a company that was being shorted to bankruptcy (TRCH) to get MMAT on Nasdaq quicker. They offered a steep dividend to trap shorts. It's not paid yet as the shell company has to sell off its assets by the end of this year. Dividend rumored to be between $1-$20 and most Metamillioniares plan to reinvest the divvy in the stock. It was listed yesterday as likely to squeeze. I think that was on Ortex. Besides this is an amazing company and the only of its kind on Nasdaq. Lots of innovative products in the works especially in the cell phone and EV sectors. They have a great website go visit it. Also search on YouTube. A couple of people broadcast information daily. Good luck.

feelin_cheesy

Meh I had a shit load (20000+ of both) MVIS and TRCH below $1 and sold under $2

Fromasalesman

If I take into account the profit I took originally from TRCH I’m pretty much even and I’m not counting the special dividend shares. I see MMAT as a long term hold. CAGR is ~25% until 2027 and this estimate came out before any mainstream products have hit market.

GrowthStonks

I am a huge advocate for miners. I definitely believe SPRT is overvalued and it has turned into MEME status. This puts more color on why it is squeezing and it is very similar to TRCH or any other SPAC runup. The company is currently valued close to $10B at the current share price. With the same amount of hashrate as BITF (around 1.2 EH). BITF is valued under $1B to put in perspective. This would be the only mining related stock I would feel confident in shorting if I were to feel a bit bearish...

Bradp13

Yeah I got screwed on TRCH big time.

Thedhcpddosgod

SPRT pumpers are the same gang that pumped ATOS and TRCH, It might go up more from the current price but just be prepared for the inevitable 70%+ drop that will occur as soon as the stock loses its hype.

NUTTZILLA3000

Yes, and I’m sure you got in when it was $2. Your stock sucks. It’s sucked for 3 months now. You’re a bag holder. No shame in that. I got in amc at $10 and bailed at $60 when the SI decreased, when the squeeze was over. Got in MRIN at $4 and left at $20, same with TRCH. After SPRT then ANY, maybe WKHS. Learn to trade.

ArcticRiot

TRCH flashbacks

Fromasalesman

Yeah, I made 30% on WISH because I bought in around $9. Made over 40% on MMAT when it was still TRCH (I still hold bags with MMAT but I wanted that Divi and only played with my profits). I find a lot of these stocks just by looking for volume pops and then exit before getting too greedy. Still I think WISH is probably an OK long term hold, but you gotta wait for all that positive hype to return. Your picks did have good return, for me it’s hard to buy a stock worth less than $1 but it seems to have served you well.

superlgn

Better than buying at 22 and selling at 14. If it was me I'd panic sell halfway down one of those huge dips then fomo back in at the very top of the final big one before it crashes back down to nothing for good. *tips hat to TRCH and ATOS*

PsycheRevived

While I haven't made money from r/pennystocks overall (e.g., cumulatively, I've lost more than I've won), there is money to be made. I made big money on TRCH and CTXR, and could have made big money on AABB and EEENF. Of course, the ones that I made money on went down before they went up... It took months for TRCH to explode for me and I was down 50% in one account for a while (I made most of my money buying in my other account at $2). CTXR was hyped here for a while and also went down, but eventually did go up as expected. The key for both was buying when it was really depressing, trusting that it would go up eventually. I made 300%+ on TRCH and 100% on CTXR. And the ones that I lost money on (AABB and EEENF) I would have made money on had I sold earlier. I knew AABB would dip at $0.60 but didn't expect it to be worth selling... It crashed. I knew EEENF carried risk but got greedy and held overnight and it crashed. Had I avoided those risks, I would have made literally $20k on just those two. When I ignored price targets here, I did the best... I sold CTXR at $4.20 even as people here were hyping it for a bigger jump (I was up over 100% and saw the price slipping and got out early, before the actual results). Meanwhile, I held TRCH from $11 all the way to $6.6 because I kept believing it would go up more (not selling at $10+ cost me about $10k), and AABB and EEENF I held into losses (I was happy with $0.60 for AABB but people said $1+, I was happy with selling EEENF at $0.09 but people said $0.20+). There are good stocks mentioned, good DD, and good price targets, but only 10% are accurate. And the problem with forums like this a) you can't tell which is the 10% and b) it becomes an echo chamber so you hear the inaccurate predictions more than anything else.

OKJMaster44

Yep. I’ve slowly learned penny stocks are great for swings but awful for investing. I made a few hundred bucks selling TRCH at 9.90. Now it’s at under $3 *after* a 2 for 1 reverse stock split. Ya screw going long on crud like that lol.

Optimal_Ad_4918

Like I said, I'm talking about the OP's price targets immediately before the crashes. For $TRCH, the OP pumped $15 and encouraged her followers hold and put limit sell orders of $16-20. The next day it crashed (10 > 7). I wasn't affected, I am just putting this out as a warning to others to be careful about the OP's short term price targets.

HonkyStonkHero

OP clued me into TRCH when it was like $2.50. The stock subsequently went to $10+ a few months later. What are you talking about?

Optimal_Ad_4918

The company may be legit, but I would caution people against relying on the OP's short-term price targets. The OP pumped wildly optimistic and inaccurate PTs on $MVIS and $TRCH immediately before before they crashed. Left a ton of bag holders, so please be careful.

WhatnotSoforth

I'm pretty much in your boat as far as profit and time, except my account is pretty much zip after losses and paying myself back the money I put in. The weather I'm experiencing is pretty rough, I haven't had a good win in 6 months or so and have slowly been bled dry. We're probably doing a lot of the same things going our own way. Ultimately until the market corrects or short/darkpool activity gets rectified I don't see much hope for us without resorting to playing with the big boys. Doing that has it's own difficulties because of PDT, which has really held me back. I got popped right before GME went off so I wasn't able to trade up like I wanted, and only got halfway there. I'd probably be in the same position no matter what just due to lack of experience. What I've focused on is a quant-driven approach. Right now I've got a stale database of RobinHood fundamental data that can give me a little insight every now and then, but it's got a lot of promise as I continue to work to improve it. There is just so much out there we don't see on reddit, stock tickers, or CNBC, and I'm convinced it's key to seeing the big picture in terms of rotations, breakouts, and trends. I highly recommend reading some books. I don't have any recommendations other than *Random Walk Down Wall Street* but it's really more of an over-arching philosophical read as opposed to down to earth strategy. I've also got *Get Rich Carefully* by Cramer, and we both have the same thought process as it comes to investment. I haven't read it completely to critique it and examine his stock picks, but I'd at least check out that or some other book he's written. He's got a lot of experience and has a trader's mindframe, so you should put away your opinions of him for a second and give him a fair shake. One thing I'll mention that I'm examining is dividend scalping. Lots of free money out there, if you can take advantage of the price swings. Special dividends are something to really watch, TRCH had one recently that was pretty sweet. I read the DD a while back and went all-in at the best price I could once it backed off the peak. I wish I had traded on the runup the week prior, but I'm playing really defensive these days until I can get back into my groove. The DD was solid though, which is why I yolo'd. My anus is bleeding so badly because I held through about two weeks of red until I got the special shares for the deal. I wasn't about to let RobinHood screw me out of that like they did on GME stealing my limit orders to cash out fractional shares. I do hope you stick with it in some capacity. Personally I quit my last job in early 2020 to figured out what I wanted to do with my life, and happened to really get off on trading with the free stock and doing DD research, so I chose it as a (more or less) full-time career and have been doing it since September. A day job is perhaps in the cards for my future for more rapid wealth accumulation towards retirement, but I'm focused completely on trading and writing quant stuff. Hope tomorrow goes well for ya!

BecauseSeven8Nein

I swear if this is the amount I get for the TRCH divvy 😂😂😂

OKJMaster44

These days I usually make it a point to get out without taking more than a 10% loss. There was a time I felt forced hold after I took an interest in going long on a stock after swinging it successfully (TRCH) and it ultimately payed off massively for me when it mooned in June. But tbh, it was dumb luck it ended that way for me. The merger drummed up the hype to not only let me break even but at a good profit too but not long after I took profit it plummeted into the dirt and is almost at its April low when you consider the reverse stock split. Holding a bit longer could let you break even but it can just as likely shred you even harder. As others say, you need to know what your goals are when you buy a stock so you can assess when ya gotta pull the plug and bail. Patience can be a virtue but only when it falls in line with a solid investment hypothesis. Marrying a stock you know nothing about in the hopes it bounces back can cost you a boatload both in money and opportunity cost. Personally I now stick to a hard rule of cutting losses at 10% if a quick swing doesn’t go my way. Sometimes I miss a rebound but just as often I dodge a further plummet.

Vegetable_Two_6130

Fomo'ed in TRCH

CardinalNumber

https://www.reddit.com/r/TRCH/comments/o0o5m4/know_what_you_hold/

bradley0088

Underrated stock imo. Ive been here since the early TRCH days with a decent position. Huge potential. This new generation just wants to get rich immediately

ShrekVictim

It’s a crazy cool tech company that acquired an oil company (TRCH) so it can be listed on NASDAQ After merger it was shorted Tf out of is now one of the most undervalued stocks on the market I personally feel

watermelonape

I got the preferred shares…on Wealthsimple and on Questrade. Not sure why your bank hasn’t? You should’ve received a preferred share for every TRCH share you held going through the merger. I’d keep bugging them! Look through the TRCH and MMAT subreddits for the DD and send it to them? Good luck!

browow1

Lol the vast majority are praising SPRT and any reasonable take is somehow perceived as a dumb bear and downvoted. Dunno how you could consider that discriminating. The actual haters are certainly the minority - and probably bag holders from ATOS/TRCH so they have experience on their side when they talk so still should at least be listened to before being dismissed as a hater. GL hope y'all make that bank, the potential is there.

Ekle27260

Up 200% because I YOLO’d early on TRCH when they were doing the merger with MMAT and had announced a special dividend 🚀

OKJMaster44

It’s just a matter of noting how much profit you already have and understanding why the stock you hold is doing what it currently is. If you understand the catalyst, think about when people would probably decide to take profit or what might make it dump and then act accordingly so that you make a clean exit. I understood TRCH’s merger so I knew to take profit before the settlement deadline. But I didn’t understand folks we’re hoping for CTXR to get halted so missed out on a lot of profit. It boils down to knowing what you hold. If you’re holding something that’s up and don’t know spit about it, consider taking profit sooner than later. And that doesn’t mean selling it off completely. Just make sure no matter how it ends, you end up higher than you started.

htownhero

Nice man. First thing I'm looking to do with profits is pay off all my debt. Only need about $12,000 and that includes my car. I actually hit $13,500 with TRCH but didn't sell because of the whole dividend thing lol. So, I'm pretty much back to where I started.

HotSarcasm

Might be more than a year, but anyone who entered in the \~$3.30 range (or averaged down a ton) should be fine long term. Those who bought at the top and are still crossing their fingers and waiting for their dividend. Spending money to buy other companies likely hurts those prospects in some aspect, even if legally speaking the dividend are TRCH assets.

OKJMaster44

If we’re speaking relatively, I got my first good swing by chance with TRCH after starting this Feb. I hardly set it up with skill cause I kinda found myself stuck with during the small cap correction as underestimated the post March vote downside. But I head and eventually it went wild in June on the merger and I realized about $400 in profit. Not insane but it did get my long portfolio back into profit which was great as I’ve now been able to ignore it more since and focus on my short term account. Glad I sold then too cause boy has that ticker taken a beating since…,

Rooonaldooo99

I have no stake in SPRT, but the same was said about ATOS by a lot of people once it started going down. And before that TRCH/MMAT. Stocks don't only go up and everyone reading this should be informed about this. This sub can be a dangerous echo chamber at times.

HistoryAndScience

They’re pretty similar. Low visibility companies that explode out of nowhere based on a special date: the ex-div date for TRCH and the exchange date for NSAV. Both also have crazy valuations attached to them: people were claiming that TRCH land in the Permian basin could be worth millions and the special dividend would be $10-20 per share and NSAV has one share valuation of $22 which seems wild considering it’s a penny stock w/ no demonstrated company success (I mean it’s still listed as a healthcare company in London w/ 1 employee). Perfect comparison? No. Pretty damn close? I would say yes. As always best of luck but I don’t want to see people hurt themselves on a trade like this

GivThisPplAir

I believe MMAT will eventually be something good. I had to take the loss on it though in the short term. But TRCH isn't really a good comparison.

OKJMaster44

Ya occasionally you have the stock that breaks the mold and actually goes nuclear but that’s definitely not the norm. More often than not a ticker hits a big price point before what a lot of folks claim is the peak time and many continue to hold and buy and before you can react the rug gets pulled. AGTC, OBSV, TRCH, ATOS, XELA, CTXR, and so much more. The stock looks unstoppable until it isn’t. No telling where SPRT will peak but if it goes anything like the norm, the time between the peak and bagholder city will not be long.

MeowStreetBets

Plenty of people are talking about it. Buying after a stock has shot up in price is risky, because there will be a drop when it hits the peak. See TRCH / MMAT and ATOS for example. The general userbase of this subreddit is also not exactly great at predicting when the peak will be reached.

HistoryAndScience

This is giving me flashbacks to TRCH. NSAV is listed as a healthcare company with 1 employee and is only a penny stock. It's not a real competitor to CoinBase or a Greyscale. This seems more like a "buy everything to grow with big promises" venture. Additionally if it was a big deal there would be media coverage of it, even in passing, on places like Bloomberg/MSNBC/Fox Business (I know, I know "fuck the media" but if it was an actual competition against Coinbase they would cover it. Coinbase is regularly talked about on Bloomberg at least). That being said, I do own shares of the company and have taken profit already the same way that I did with TRCH. Obviously do your own DD but ask tough questions and ensure that you're not bag holding on 8/10

JackB4Ucryptostonkrs

Not enough time I don’t see major losers like I have in TRCH/ Now MMAT, WISH, and most importantly no AMC?

Mindshaker13

I've been in since TRCH was sub .75, I'm still enjoying the ride lol.

OKJMaster44

Especially when the stock literally has *already* spiked in *in your face*. People expect WAY too much at times. I remember feeling like I finally got ride a good play to moon with TRCH when it cleared $9 but then I would browse stock boards and see people expecting it to go $30 by the end of the month. Same thing happened to ATOS too. Shot up a ton in June but folks just held it into the dirt in July on the hopes of telegraphed options expiring. Like bruh, it literally has already multiplied 4-5 times. Take some cash off the table for heavens sake.

mythrilcrafter

Couple questions for the more experienced members of the sub: I'm still reletively new to trading and I took profits on SPRT on monday (thinking I'd rather be somewhat green and miss out on a boost than get burned like the ATOS and TRCH holders), but now I'm interested in FOMO-ing back in for the big ride up. I can buy now with cash currently on my account and I can also transfer in more which won't be usable until tomorrow (and if I recall, cash transfers take 3 days to fully settle). What is the general range for how long these short launches typically last (or are these events too rare for even a ballpark)? The last thing I want is to buy in on the ride up and then be left holding because I can't exit.

snowman271291

Oh shit that TRCH META saga giving me chills lol

mythrilcrafter

I've only been on this sub long enough to watch his happen three times (slept on TRCH, got burned on ATOS, took profits on SPRT yesterday) and now I'm starting to build a personal exit strat for pennies. So far from what I can tell: "short squeeze" is a buzzword (good and fine for hype, but can't be relied on for PT's) and launches seems to peak out at 10-30% below what the DD predicts.

OKJMaster44

The sub isn't useless at all. I am actually more convinced of that than ever seeing how folks started gassing up SPRT a month ago around $3 and seeing it graze $8 yesterday. It's just that, like many investing communities that give juicy stock tips, while the sub is a great place to learn ABOUT a good stock play to make, it's actually a horrible place to learn HOW to make the play. Many tickers dropped here end up having big earnings potential but many people get burned cause a lot of the DDs do a terrible job of practically laying out how folks should realize the profits. ATOS was the most recent example that burned many people who overestimated the telegraphed OPEX catalyst and didn't seize the $8 price tag it already got and prior to that we had TRCH. The merger run up was legit but many folks got shredded cause a lot of DDs started gassing up the potential for it to go nuclear for shorts having to close positions when the merger actually went through. This in spite of that fact that it had already safely cleared $9 which was like 4-5x its April low price. I certainly don't recall any DDs saying that you should take profit before the last day shares had to settle before the Ex Div date. I and some others said it in comments but not the DDs. And wouldn't you know it, after the Ex Div date it reverse split and the price plunged. I've learned that this sub will show you the juicy plays but you gotta figure out how to actually make money off them on your own. Most folks will stick too close to their DD or be blinded by greed and lead you astray.

TechnicalAnalorBust

I’ve found those descriptions not to be accurate of the actual companies all the time. TRCH being the biggest example. [Here’s an article ](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/medigus-polyrizon-innovative-proprietary-technology-114800482.html) about the gel

ChrisWithanF

The preferred stocks are for the delayed special dividend payments from when they sell of the TRCH assets (I’m sure you know, just info for anyone new who might be reading)

Iceblink111

Good company's don't give away 1/4 of their company for a TRCH ticker name change merger.

aadiit

Being the original TRCH investor I will tell you don't invest till it falls below $2.5. there are lots of MMATF share holders cashing out their 3:1 shares. And there are a lot of retail bag holders who want to unload. I haven't seen so many bag holders since original GME rally or the recent CLOV pump and dump

R8LikeABravo

That was formerly TRCH, correct? I hope it’s better from now on..

VisualMod

I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: TRCH. Message /u/zjz if they're above 1.25 billion-ish market cap and not related to crypto/pennies/OTC/SPACs.

aadiit

I am one of the originals, I bought TRCH at $1.65 and sold between $7 and $10 before merger. I knew this dump would happen because MMATF got a very good deal. When I bought TRCH at $1.65, MMATF was about $2 which became 3 x $10 at peak. Even after merger MMATF has given 5x returns. All prices without reverse split. If I invest in it I want to wait for $2 (post split price) where I can be confident those who want to sell have sold already. Then it can go to $6 at which company is valued $2B which is good value without a revenue stream.

MeowStreetBets

TRCH / MMAT gang as well lol

kft99

The TRCH squeeze thesis was honestly weak imo, but people who bought in are eligible for the dividend. I don't take people's word. I go through the DD and check for myself. OP has provided links to everything. Like you I am optimistic about the merger as well, but the technical setup also looks very compelling to me.

kft99

TRCH almost 4xd. SPRT has a really tiny float, the SPRT technical play has a lot going for it. It is not just the borrow fee, Ortex SI itself is \~58%, but there was some DD here which showed that the float is much smaller than reported and that actual SI is \~80% of the float. [https://www.reddit.com/r/pennystocks/comments/onhs9i/sprt\_supportcomgreenidge\_merger\_q3\_alternative/](https://www.reddit.com/r/pennystocks/comments/onhs9i/sprt_supportcomgreenidge_merger_q3_alternative/)

Bael18

Check out TRCH and MMAT following the merger. Nearly identical sentiment because of high SI, impending merger, great company etc… no squeeze happened and MMAT is in the shitter. There is profit to be made, but don’t get greedy or you could get fucked.

Subrookie

I can do worse. I only had funds for 10 shares last night. I think I paid $5. I keep hoping for the next TRCH. I bought in after hours once when that blew up and it went up 44% overnight. Of course I only put a few hundred in at the time.

Bael18

Careful banking on the squeeze. The same sentiment was floating around with TRCH and it never actually did “squeeze”. Lots of rumors about how mergers force shorts to cover and what not, but I’ve not seen that necessarily be the case.

Chemist_Nurd

Preferred shares were 1:1 the shares for TRCH to MMAT were 2:1

dukerenegade

MMAT has been bad for me. FOMO’ed in to TRCH at $11 now I have half the amount of shares around $3. I think this is my first legitimate pumpy and dumpy and I’m the chumpy.

Jimmygt06

They won't get a value until all TRCH land and assets are sold. At that point 100 % of the proceeds will be split evenly with each share.