The Anatomy of a Sh*tco, Energy Edition - by Broncho

Por um escritor misterioso

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Since our last article, some new information has come to light on those involved in the equity, used loosely here, of MMTLP which was a security intended to be a special dividend place holder for the eventual sale of oil and gas assets marked by the company itself to have no value except when toted by management on Twitter Spaces and alongside influencers. Originally held by Torchlight Energy(TRCH), which was acquired by Metamaterials Inc(MMAT) through a reverse merger in June of 2021 and was recently spun out into another entity to essentially eventually default on its leases and debt obligation in another, what many still argue as either public or private, company. Confused yet? Probably by design. Many have offered up their views of what transpired over the past 2 years with these companies’ assets and though it may be easier to listen to a Twitter Space and fantasize, I implore you to have a read of Keubiko’s substack articles titled