29 Retweets 233 Likes My name is nobody.If you sell mmtlp after December 12th, NextBridge gets transferred to the person who bought it from you. sanjac email Bird Lady Rollerpigeons $mmtlp You can't double dip this. Margin Calls? When ever a company reorg action takes place, brokerages usually charge you a fee for such an action. Don't forget many brokerages charge fees for company re-orgs. In the end, I have 0 worries at all!! We hit 4.17 AH today.Bird Lady Rollerpigeons $mmtlp Hey, it's a late night video again. Just look for that chart that is spammed on StockTwits of the Dividend amounts. Depends how much you want to read into that "$25" retweet Torchlight did! $25 would be sick, but who knows. essentially the expected date we will receive our Dividend Payouts is before. Within this definition it even specifically says "or a later date as agreed between the Combined Company and the appointed representative who represents the Series A Preferred Stock Holders (me and you).As I stated above, the 8K filed on Friday said that whatever was in the Proxy Statements before might not be final." “Asset Sale Expiration Date” means the earlier to occur of (a) the date that is six months from the Effective Date or (b) December 31, 2021, or such later date as may be agreed between the Combined Company and the Series A Preferred Representative." Check out of the Definitive Proxy which is just a dictionary of the fancy terms used throughout the document: Dividend Payout DateĪs has been in all of the filings up til now. I feel that is enough evidence to prove the Merger Date will be after 6/24. I have no sources for this, but as you mentioned above, it would make NO SENSE for the Dividend Date to happen after TRCH no longer exists. The merger date will be AFTER the Dividend Date. However their filing on Friday said explicitly: "The Arrangement has not yet been consummated, and Torchlight cannot assure you that the Arrangement will be consummated as described in the Proxy Statement." So they gave us "fair warning". Which is the date either side could have cancelled the deal if the proposals were voted down. It was the Outside Date being used in the Proxy. This was at the end of the latest news along with the Dividend Date. is expected to close before the end of June". That's the whole difference between a Dividend Date and an Ex-Dividend Date and the T+2 settlement thing. 02 Dividend DateĦ/24 Dividend Date as you said. I think you probably got your answer below or maybe feeling a bit better about it, but here's my. I’m so excited that this is finally happening, but I wish the owners of TRCH would get it together.Īnyway, good problem to have, just hard to do a cost/benefit analysis with only a few pieces of info. ![]() Oh yeah, and has the land been sold, and what’s the dividend? Do we really need to play a guessing game.Īrgh. 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? 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. Special Dividend: 1 Preferred share per TRCH share owned. I know I’m gonna be rich, that’s a given, but the way they are announcing things is really aggravating.
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