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$MMTLP and $MMAT are popping!
If you can get MMTLP there is HUGE squeeze incoming. (Some brokerages don't sell it) This is a preferred share in oil and gas land that was not supposed to be tradable. It was a special dividend given to Torchlight share holders when they merged with MMAT (Metamaterials) over a year ago. Brokers made it tradable to try to help the short sellers that owed and have to pay back before this company goes private (This month) Instead of fixing their issue the short sellers double down and have now dug themselves into a huge situation. These shorts MUST pay pack when this goes private. Approval of s1 filing with the SEC is expected any day now.
MMTLP is up +122.39% in the last month and this is only from retail, not shorts paying back yet. (The squeeze has not been squoze, has not even begun) The shorts have tried to short ladder attack to keep the price down but they are failing. MMAT is the sister play, and will potentially squeeze as well.
I am working on doing a better DD to share here at GAW but you can find lots of info on reddit and youtube about this double MOASS. Here is a link to 2 youtubers I find very informative about this play.
Great explainer of the situation here... https://youtu.be/wAjdGIjhCK4
Good info on the oil and gas assets in play as well as nearby sales of wells. https://youtu.be/dXKJ-bKvCJs
This is not financial advice, just a tip I wanted to share. I have MMTLP shares I got when Torchlight merged with Meta Materials.