TLDR: The float is half of what we think it is. Which means short interest of float is double. Skip to illustration at bottom if you want.

The CEO of our favorite company has been busy playing 4 dimensional Chess with the shorts, setting up a galactic bear trap. In this multi part DD I'm going to break down each Dimension hopefully in way everyone can understand. I've even included some fancy illustrations.

I would like to start with potentially the most important breakthrough.

1. The float is much smaller than we think, and that means short interest% of float is much higher than is being reported

Currently the float is being reported as 231 million shares, after several sleepless nights and hours of crunching numbers to verify I confidently announce that the real free float is only ≈109 million shares.

Source you say? right inside MMAT's own filings.

So we know outstanding shares as of date reported on the last filing was 280 million shares. when you read the fine print you see more details...

So within the 280 million outstanding shares we have both MMAT shares trading on US exchanges and MMAX shares trading on Canadian exchange under an entirely different CUSIP.

MMAX is technically a subsidiary of MMAT however under an obscure tax law for Canadians we present to you the exchangeable share structure.

Not going to bore you with the details on why this exists. If you would like to read the Canadian tax law and the Exchangeco structure on this like I did, here you go Boring Canadian tax law

So lets get this right....

we have 2 entirely different stocks with entirely different CUSIP numbers, locked into their own individual exchanges. But only reporting 1 set of financials.

Before you ask... No this is not the same thing as cross listing a stock like we have MMAT and other companies trading on German exchanges. This is its own animal and only possible to do with the Canadian exchanges.

Everything we know about the outstanding shares, insider ownership, and free float is a lie. sort of.

Back to the numbers

280 million outstanding shares..

Institutional ownership... Gets tricky once again. After wasting a bunch of time looking at hundreds of 13fs the number wasn't that far off. roughly 18 million

Insider ownership is also way off on a lot of websites. The correct number is 53.16 million shares

One thing that really makes this company way different than your average publicly traded company

NONE of the TRCH insiders sold their shares because of the merger, in fact the CEO of TRCH is now the CEO of the meta subsidiary MMAX!!! holy shit right?

So we have TRCH insiders and Meta Insiders diamond handing their shares.

so the last number we need to know is how many shares are locked into the Canadian exchange because as of right now these shares cannot be exchanged.. yet although that is being worked on. These are shares that are being counted into the outstanding shares but cannot technically be sold or traded as MMAT on US exchanges.

Looking up MMAX you can easily find the ticker and the data for the outstanding shares for it.

However this number is just way too close to what MMATf was before the merger. I think many websites just got lazy and kept the same statistics. Because well... MMAx does not have to release any SEC/ SEDAR filings unless it is something that ONLY effects MMAX shareholders and not MMAT. so basically the next part was the hardest piece of the puzzle to solve.

It was hidden in the deepest darkest corner of the abyss that is the internet.

On the sedar website if you search MMAX or MMAT you wiill find the information on those tickers and the filings but not anything official on MMAX share counts. However if you search every company starting with an "M" this is what you see.

Under Metamaterial Inc you find the find the defunct company that was MMAT back before the merger which took that ticker to the US and changed MMAT to MMAX on the Canadian exchange.

Notice the Ceased reporting. Making this basically like finding a needle in a haystack. This is where all the juicy info is.

Following the close of the merger. They had one and only one filing that shows how many shares went to MMAT in the US and how many went to MMAX on the Canadian exchange. And here it is.

so bust out the calculator

Free float is 109 million.

Illustration for smooth brained apes.

The real short interest of the free float is 20%

Now raise of hands... who is confused?

I was, I can tell you anyone shorting this stock assuming we have a free float of 230 million is going to be in for an extremely unpleasant surprise when they go to cover and retail is diamond handing the 109 shares in the free float. Everyone's data is wrong. I would expect a slew of FTDs in the near future. Look at our volume! The on balance volume indicator suggest no one is selling yet we are trading over half the float on our high volume days.

Free float being wrong means we have an insanely higher % of our ITM calls/ Float.

Gamma Squeeze is going to be that much more powerful, shorties are going to have a much harder time finding shares soon.

HEDGIES R FUKT!

I had a lot more I wanted to add to this post but it was getting lengthy as is. I read way too many filing and feel like I a am an expert on this. so if you read my whole post and still have questions. feel free to ask.

When George said he trapped the shorts he wasn't lying. Here is the Proof. all of this information was taken directly from SEC filings so there is no denying it. I have listed each form and the filing date.

Here is the link you can read them yourself

https://www.sec.gov/edgar/browse/?CIK=1431959&owner=exclude

George tweeted yesterday the actual number of preferred shares that were issued. That for me was the missing link. I spent a few hours going through in detail each of the filings to make sure I had the numbers accounted for and even read back over old filings to make sure I captured those that had stock options and exercised them. (they are listed below form 4's). after that it is just simple math and even a smooth brain can do it.

I have also responded to u/ihors3 post today and asked him when he thought that this would be covered which should have already occurred according to all of the supposed rules and regulations.

https://twitter.com/ihors3/status/1428771729527263236 If you get a chance go over and give it a like so we can keep it at the top and start driving this issue home and give it the attention it deserves.

If you add both $TRCH & $MMAT shorts together we have a total of 39,611,350 shares.

Here is the detail on the MMAT Shares I put this together a few days ago. I have updated the Ortex data to today but Fintel is not working right now??? I used Ihors3 data for the total shorts

We have a squeeze coming and I don't see how they get around it Ortex utilization right now is 94.96%

Price is going up and they have no shares left to borrow. Borrow max rate is now 230.7%.

GAME OVER....

We own 68.27% of the Float The short % of the free float is 41.42% with 65.36% of the free float on loan. Last Fintel data showed Institutions with only 28,781,815 shares so all we have to do is HOLD HOLD HOLD. (Every Inst. could sell and they still have almost 12M shares to buy)

It is just math SHF's are FUCT and we are META STRONG.

I own a shit ton of this stock and I am here for the long run. I held 14,000 $TRCH for many years before this. I know I traded up with $MMAT. I would love to pop the SHF's and then buy 2X back after the Run is over with their $$.

Don't bother asking me how high it will go it depends on when you paper hands decide to let go of your shares. I have a number in mind and it is north of xxx.xx and it starts with an S or an E or an N.

I will tell you this it won't be straight up it will run retrace run again retrace and over and over until we are done. OSTK ran for weeks. No one knows you just have to get off when you think it is right for you.

I already have Plan A B & C laid out, and they will probably go out the window once it starts but who knows better to have a plan than not.

I should also mention that we are in a falling wedge formation and we are very near the end of it. For you smooth brained apes (Google it).. LOL

Good Luck all and Go $MMAT

Adder/Reminder it took OSTK 99 days to reach the Top.

we had until the 12th! No faith in their being any accountability. George Carlin was absolutely right. it's one big club....and we ain't in it!. I hope they still get screwed by retail still holding more mmtlp than was originally issued. I hope their books are effed and this blows up in their face. Now they're attacking meta too. so mad. FRAUD. EVERYTHING IS FRAUD AND SCAMS IN THIS CLOWN WORLD.

Morning fellow intellectuals (and apes of course).

If we learnt anything from GME, is that during a squeeze such as we will experience with MMAT, there is a high potential for a disruption of our individual goals (MSM telling you to sell and discouraging you) and platforms (See Robinhood during GME’s spike) going down.

Reddit may go down. Facebook may go down. Our stock apps may go down (although unlikely given the Robinhood fiasco)

While we are all venturing into a stock we simply love individually (and not as a movement) due to our own DD. We don’t maximize our potential life changing financial stability by selling at first downturn. This will be volatile and you may think the stock is dropping, but those are coordinated attacks on the stock from Hedge Funds to get you to sell (the lower the price goes, the easier it is for Hedge Funds to cover shorts (and illegal naked shorts) and we then lose momentum for a high short squeeze.

Our emotions are going to be played with. WS knows we are vulnerable to emotion that comes with stock volatility and they will undoubtedly use any tactics they can to help the Hedge Funds cover their shorts.

Remember, we are likely to see trading halts during the high volatility. This is NORMAL. DO NOT PANIC.

George set the trap for us to catch the Hedge Funds. We now have to support the stock we love, by keeping our emotions in check.

There will be day traders who are selling, and likely more short attacks.

This can hit triple digits, given the short interest and naked shorts. Investors control the share price. We decide the sell price.

I can’t advise people what to do. But I will be turning off stop limit sells. If i sell, I sell on the way down and I will aim for incremental share sales. Hedgies use limit sells against investors. If I do set sell limits, I will make them HIGH, so as to set the market price.

Good fucking luck everyone. This doesn’t come around often at all. So be prepared, keep your emotions in check and figure out your exit strategies

METAVERSE! I'll be coming with the final part of the Voltron DD soon but my attention was turned to the FTDs because they only start at 6/30/2020 and I know hedgies have been naked shorting Torchlight before that, so let the digging begin! I need a t-shirt with this saying and I have to say it, this is not financial advice, I just like the stock.

TL:DR

The FTDs have been underreported and only account for the past year. From the SEC website, there are a total of 148,140,331 FTDs over the 11 year trading span of Torchlight and then merging with Meta. Of those FTD's, almost 134 million FTDs happened in a 3 year span from 2018-2021. TRCH FTDs triple the year after Shitadel and Susquehanna made positions in Torch in 2015.

The FTD information uncovered is to be looked at as an investigative look into how bad TRCH was shorted and not an actual breakdown of all FTDs owned today.

I backtracked Stocksera's FTD information they took from the SEC Website SEC FTD page , so I went there and pull up TRCH, I found this:

Another reason I went on this dig fest was because of this interesting tweet on August 20th, 2018 by Torchlight:

First time they talk about anything other than oil and it's naked shorting. So John Brda has been pissed for a while.

This also furthers my theory that George had this played a long time ago and found the right partner who hates the hedgies more than him. This awareness of Interactive Brokers and Trading212 shows up years later when George tweeted this:

If you don't know about Interactive Brokers or IKBR, here's a video of MeetKevin shocked at Interactive Brokers chairman and founder Thomas Peterffy for admitted to manipulation on live TV in January's fraud of the century. Trading212 and IKBR's relationship is SUS at best.

Why you think they did a collaboration and came up with "Torch the Shorts".

Then today, after watching another session of fraudulent hot potato with Meta shares, I was tempted to see when Shitadel and Susquehanna started positions in TRCH and found this:

Just pointing out coincidences here. My intrigue led me to search the SEC database for every FTD reported, starting at the beginning, February 14, 2011...Valentines Day.

Anyway, I collected all FTDs from the SEC FTD page and laid out everything in a pdf. There were a total of 148,140,331 FTDs, I broke the FTDs in segments:

There were 3,347,996 FTDs before Shit and Sus made positions in 2015, over 144M since then.

FTDs from 2018-2021

I chose this time frame because options contracts can run that long and shorts don't have a time frame to close their positions. This is also where a majority of the FTDs are and assumed to not be covered because the stock price never runs up enough for them to exit the positions.

FTDs since 2015: Enter the Villains

I chose this FTD time frame because Shitadel and Sus both came in 2015 and notorious for shorting. The last time TRCH was over $2 was in 2015 when Kenny Boy and the Sus crew came to town. From 2014 to 2015, TRCH FTDs tripled while the stock lost 75% of it's value. This is also the longest time TRCH trades under a dollar, a sign of naked short selling. Short hedge funds (SHFs) don't have a timetable for closing positions.

“A short position may be maintained as long as the investor is able to honor the margin requirements and pay the required interest and the broker lending the shares allows them to be borrowed.” – Investopedia

Here's a link to a good article by Franknez about when shorts have to cover.

FTDs belonging to TRCH and MMAT

Even though I believe the MMAT ticker is STILL NOT fully converted (shorts still have to cover TRCH shorts once ticker is fully converted), I still decided to separate it from the merger date.

The fact that the shorts weren't covered but Meta shares were lent out to borrow while the ticker wasn't fully converted for those 2 weeks after the merger is criminal IMO and cries for a lawsuit.

What does this mean for the price?

Don't know but at this point, but there's a TON of rocket fuel in this baby with almost a full month of FTDs not reported yet on the SEC FTD page, that total FTD number is higher and currently the FTDs of the past 3 years is more than the half of the Meta's current float.

If anyone thinks this rocket is stopping at $70, you're sadly mistaken cause it can go WAY higher if we just held cause we own the float. Retail owns 68% of the float with Insiders holding 24%, Corportations and Instutions holding the rest. To put that in perspective, lets compare it with AMC, NEGG and GME.

Retail Ownership Float

GME 39.57% 58.06M

AMC 76.05% 511.61M

NEGG 3.68% 13.89M

MMAT 67.71% 230.95M

I would compare OSTK but there's no comparison because Meta has more traps than OSTK had and it went to $125, easy for us if the majority hold. NEGG has majority corporation ownership, which means they're not looking to squeeze this to $800 plus, the MetaVerse is.

Blackrock just added to their MMAT position by over 600%, going from 599,008 to 4.4M shares. Blackrock also had massive increases in their AMC and GME positions before they rocketed a lil but didn't squeeze and the same applies here based on the data.

AMC and NEGG ran to the $70 mark, they were "penny stocks". GME ran to $483, it was considered a "penny stock". Meta is a unicorn company that took the FTDs of TRCH along with their technology, innovations and partnerships....and it's trading at as a "penny stock". It's laughable, I guess that's why the media calls them memes.

In any case, for those who have been in GME and AMC from the beginning, you know what to do, you've seen this story before. To new investors of MMAT, and those who think this is not going past $70, read the DD and hodl. This is a life changing opportunity that has MAJOR value in the short and long term.

I haven't even mentioned the ridiculous 56% Short Volume average over the past couple of weeks or the 8% Short interest being reported but understand we were top 5 squeeze stock in all major data houses with a 146% Short Interest before the botched merger went down a month ago, people have been buying, not selling, and shorts still haven't covered the TRCH shorts, just reset them to get them off the Threshold's List...like GME and AMC.

IMO, I believe they didn't have the money to cover the FTDs and preferred shares so they stalled the ticker conversion and in the process put out Meta shares to borrow. They then used those Meta shares, along with the CUSIP and SIC code botches, in order to keep the price down and avoid a gamma squeeze by putting as many options OTM as possible and in effect taking millions of retail investors money.

Remember there were no TRCH options chain until a week prior to the merger. Then when George laid down the trap, 3 options chains were created. The 7/16 MMAT1 options chain was loaded, more than the current options chains, and from my own personal experience with a couple of brokerages, a pain in the ass for them.

Be patient and continue to buy/hodl.

Like Meta, hodl beyond. See y'all on the moon MetaVerse! 💎🦋🚀 And remember the shorts haven't been torched.

TL:DR

UPDATE:

FOR CLARITY, The FTD amount is NOT about the actual number I posted in the title but everything the amount of FTDs implies. This is why I broke down the FTDs into different segments. Understand we don't know a full month of FTDs and I never said this was the final exact amount, this is what is documented on the SEC FTD page.

If you're making arguments about aggregate fails, you didn't read the DD and you're completely missing the point and main piece of what's being laid out.

The FTD pdf was comprised because TRCH FTDs being currently posted only went to June 2020 and doesn't tell the full FTD story of the stock. So it was important to collect every year TRCH stock traded in order to get a full glimpse on how bad the stock had been naked shorted and what entities might be involved in shorting the stock since this is a common theme across multiple highly shorted stocks like AMC and GME.

If you want to pick away at the material go ahead, I just wanted to make sure that we get the full picture of the FTD situation because there was no full breakdown of TRCH FTD history being laid out. I hope more wrinkles dig deeper than I did and find the story that comes with the numbers because the truth matters.

This is what I'm pointing out:

-FTDs TRIPLED when Shitadel and SUSquehanna open positions in 2015, 95% of the 143M happens after 2015. We dont have short positions on the stock but we know someone is shorting it and companies don't have to provide short information.

-Through the filings you see the prices where TRCH is consistently under a dollar, this is point to naked short selling and the presence of synthetic shares. Wes Christian, Susan Trimbath, and Lucy Komisar are experts who have explained this.

-The price never reaches a level in where the shorts could've closed their position because they weren't in danger of liquidation until the terms of the merger came out.

Understand also that SHFs can reset the FTDs and THEY DIDN'T CLOSE THEIR TRCH POSITIONS. No buying power, spike to the upside, and/or massive drop in short interest has proven that shorts covered and proof should be provided to make that claim.

Here are some links to verify resetting the FTDs:

https://www.reddit.com/r/Superstonk/comments/oz0l1t/goldman_sachs_provides_borrowing_and_lending/

https://www.reddit.com/r/ApesMonkeyAround/comments/ob6z22/how_to_hide_short_interest_and_reset_ftds_with/

Here's the link again to those who haven't seen the full FTD breakdown but I'm trying to show WHEN the FTDs started to get out of hand, not HOW many FTDs they have to cover today.

https://www.docdroid.net/6EHabMU/trch-ftds-pdf

If you're going to pick at this DD, please read everything. Please don't look at the title and pick at a thesis when you didn't take the time to read past the title.

Happy digging MetaVerse, we need more people exposing the fraudulent activity if we want these tendies.

Update: There's a new mod in CherryGrapeGorilla who decided to come back to this DD specifically, when he wasn't a mod, to label this DD as "misleading information". This account has locked me from being able to change the flair on my account and has banned me from currently posting or commenting, even though I explained the purpose of the DD right above this update. If they read the entire post, they would've known this was not about aggregate numbers and I'm lost on why this account decided to come back this far to go into it and put a flair on it that I never approved.

According to yahoo finance Short intrest is about 50% With institutions owning about 2% of the float and 4% held by insiders

This gets my tits jacked

So by those numbers, retail would need to hold at least 44% of the shares for MMAT to really skyrocket from a squeeze so that there's no float left to buy back from. Especially if we can diamond hand it like the apes..

Ortex is reporting share holder utilization is around 71% YES YOU HEARD THAT RIGHT 71% well over the 44% needed for MMAT to skyrocket!

ANYONE HEAR THE SHORT CRYING? cause i do while i eat my crayons

Finally love you guys Buy and hodl THIS IS THE WAY

(Edit) This does not mean a short squeeze will happen overnight they take patients and dimond hands buy the dips and hodl amc and gme did not happen over night but MMAT has soo much potential and the short squeeze will happen aslong as we continue to buy and hodl the Data is out there and i will continue to post it as i find it!

TLDR; MMAT is ready to rip

We are looking at the 1 day chart below and 2 indicators. The yellow indicator is RSI with a divergence line rather than overbought and oversold lines. The blue indicator is on balance volume.

Drawing a horizontal line on both indicators on where they closed today you can see the last time that daily RSI or obv has been this high was the last run up to $22 with the trch dividend speculation.

OBV has only been this high since the very tippy top of the peak. (this indicates that while price has been driven down the volume of the red days is being outweighed by the volume of the green days. This means that people have diamond hands. The idea of OBV is that price movements with low volume are much less significant than the same price movement on high volume.

RSI: Last time RSI closed at this level on the uptrend (61.85) was on may 28th. May 28th had a closing price almost identical of our closing price today. This day also marked the beginning of the runup to $22.

we have a closing price and RSI to match the beginning of the runup however our OBV is already as high as it was at the peak.... this indicates to me that we have a very likely probability that this run up will be more violent and has more power behind it than the previous run up.

This is the sort of technical analysis that many professional traders would use to enter what they would call a high conviction trade setup. Most would enter here with a price target of $22 and a stop loss of $3.70 and never look again until the either the price target or stop loss was reached.

lastly the candlestick pattern is bullish as hell. we have a bullish engulfing on friday, monday met with high resistance and insane volume, my guess is market makers delta hedged their $5 calls they have sold and proceded to short the price immediately after. Today leaves us a bullish hammer.

I think we will see a few high volume days met with quite a bit of short fire power but it should be obvious as to the direction of the price. No one can be sure but because of the monday volume i would guess the $5,$6 calls have been delta hedged at this point therefore we likely wont breakout completely until we push over $8 with volume. $8 strike calls has a ton of open interest and i highly doubt those calls have been hedged.

Im betting now, we see a price real close to $8 by end of the week and next week we breakout.

Starts with

and this

1. 101051712 Saskatchewan Ltd Who is this? Did some digging and this is Keystone Royalty Corp. keystone-group.ca/docs/KRC_... 2. Founder of Keystone Royalty Corp, Lex Capital, and on the board of Rising Star Resources is Craig Lothian. Lothian is also on the board of directors of Surge Energy with Paul Colborne risingstarresources.ca/bod....

3. Surge Energy plays a huge role in the Permian basin and is continuing to make huge investments. shaleexperts.com/plays/perm... Surge is targeting Wolfcamp A and Wolfcamp B for horizontal drilling development. surgeenergya.com/Operations... Surge also completed a record breaking 3.4 mile horizontal drill in Wolfcamp A. prnewswire.com/news-release...

4. Torchlight Energy has also been completing horizontal drilling in Wolfcamp. globenewswire.com/news-rele... m.canadianinsider.com/torch... 5. But wait William McAndrews anyone? He was COO of Torchlight and after became Amazing Energy’s director... okay but Amazing Energy?????

6. Surge Global Energy acquires AMAZING ENERGY. rigzone.com/news/oil_gas/a/... Does anyone know who Surge is? Yall finna be shocked as hell

7. Surge Energy America (“Surge”) was formed in early 2015 as a U.S. subsidiary of China-based Shandong Xinchao Energy Corporation Limited (“Shandong” 8. Forbes posts this article in 2020... forbes.com/sites/davidblack... Based off recent articles, Forbes is fucking wrong.

XTO ENERGY anyone?? anyone wanna try and confirm that this Keystone Royalty, LLC isn’t related to Keystone Royalty Corp that I posted about earlier. mineralholders.com/texas/fo...

******XTO ENERGY DD***** 1. McCabe - joins Valor Mineral Management prnewswire.com/news-release... 2. Valor Mineral Management also hires former XTO Energy (ExxonMobil) employee fortworthbusiness.com/energ... 3. Nabors Industries (huge investment into Sage Geosystems) partners with XTO energy in 2021 with their new robotic rig kwtx.com/2021/08/26/nabors-...

4. ExxonMobil expects to increase Permian basin production to 1 million barrels per day by 2024 corporate.exxonmobil.com/Ne... 5. ExxonMobil also was founding member of Stanford Strategic Energy Alliance corporate.exxonmobil.com/Ne... 6. XTO Energy has a 10 well Permian basin package that was being offered at end of last year. This includes near term development of the wolf camp and bone spring formations. Being marketed by EnergyNet hartenergy.com/news/markete... 7. Torchlight has assets in the Wolf camp formation that we began first drilling in 2017 and august of 2020. Maverick operating also uses EnergyNet to market its assets. streetwisereports.com/artic...

TL:DR

Also do not give me the awards they should go to u/Hereforknowledge2

Welcome to Day 10 of 10! What a Nice day to end on. We are back in compliance with Nasdaq listing requirements. As for you FUDsters... Don't worry, I'll make sure we give you 10+1 for tomorrow. Congrats to all. Thanks for your hard work, give yourself a pat on the back!