How? Well here's a tweet posted by the main man himself this weekend after the merger vote was confirmed as a go: What's exciting is that large speculation on the investors part has been met with winks and subtle nods imo from CEO & team. A similar stock that issued a preferred share dividend was $OSTK recently, which squeezed from ~$5 to $120+. Oil prices are rocketing and oil land sales in the Permian basin (which is where TRCH holdings are) are going for Billions, yes with a B. Now, it's my understanding that with the special dividend distributed in the form of preferred shares (which could be huge) & ticker change upon merger, shorts HAVE to cover their position. TRCH has been notorious for having heavy short interest, up to +50-60% counting international & naked shorts, that has been acknowledged by the CEO's of both respective companies. Following, the CEO of Metamaterials, has been very active on twitter (kind of like one of favorite tech CEO's who does space shit and electric cars), and has been talking shit to shorts and generally showing positive outlook for investors (see his post in the picture below). On Friday June 11th TRCH confirmed that shareholders voted FOR in the merger with Metamaterials and that the merger will take place by the end of June, which is great news. Here's some very solid/detailed DD that has been posted by another Reddit user a long time ago, if you would like some additional background. Oh and I forgot, for every one $TRCH share that you own, you'll also receive 1 share of Metamaterials upon merger (Special divident benefits + ownership in a very relevant/forward looking company). Think $10+ per share (The CEO said it could be $20+ as it all depends on oil prices.Oil is VERY expensive right now).

So given what we know, this Orogrande deal could be MASSIVE ($3/4+ Billion dollars), and the special dividend could be proportionally large. The Orogrande is right next door, within the overarching Permian Basin, one of the most oil rich/well-know areas in the US (see map below for proximity visualization & article detailing the 44,000 acre deal). Recent O&G sale prospects include this 44,000 acre deal for updwards of $1Billion in the midland basin. But let's look at similar sales & numbers to get a better feel. So really anything over $300-350 million distributed amongst shareholders is essentially a $2 per share special dividend. With about 150 million shares currently trading at around $6.6. I think June 22nd if you account for T+2 rules). $TRCH is divesting 140,000+ acres of oil & gas rich land in the Orogrande Basin ( ) & paying the proceeds back to investors in the form of a special dividend (cut-off date for eligibility is June 24th, 2021. If you're into tech, check out the META site, major future potential I see a lot of long-term up-side They are performing a reverse merger with METAMATERIALS to get them on the Nasdaq. Many of us know and love $TRCH, and many more should.

Torchlight short squeeze