#Torchlight special dividend date series#
IMO, this would be a good time to enter since there was a huge sell off this week. Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date (subject to adjustment for any reverse split of Torchlight's common stock after the record date but before the dividend is paid). Luckily, they haven't released the close date yet so you can still buy for the dividend. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on J(subject to. If you’re holding for dividend and conversion to meta stocks it is good as well. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. Which means getting in now, or during the next dip if it happens before the cutoff, would mean a large spike around the cutoff date. Special Dividends are usually a one time deal and if you don't buy the stock before the close date you miss out. 6 months from date sale or December 31st 2021. Late Monday, the company stated the special dividend would be issued on a one-for-one basis to common stockholders as of the close of market trading on June 24. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend. 25 = $666,000,000) There are around 100,000,000 outstanding shares in this company right now, so if the company gives out 666 million dollars to 100mil shares, you get $6.66 per share! However, it won't be that much because of other factors such as taxes and fees, but it will be several dollars, which is huge profit considering the shares are trading at $.45 right now. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. When they sell this, 25% of the profits go to the shareholders. Torchlight owns 72% of a 134k acre land which has estimated 3.7 billion barrels of oil.
The Orogrande Project has zero proved reserves and zero commercial.
Torchlight's special dividend is likely to have limited value though. At the same time, they also announced that there would be a special dividend sometime before the end of next near, but most likely around June. Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. If you haven't heard, Torchlight Energy (.45) recently announced a merge with META.
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