Post Tagged with: "Torchlight Energy Resources"

A Meta Moment

A Meta Moment

March 22, 2023 at 12:20 pm

Thanks to the spectator who alerted me to this latest development in the ongoing saga of Dartmouth-based Meta Materials, the “smart” materials company that earned Nova Scotia’s erstwhile venture capital fund Innovacorp a $100 million payday by going public with a valuation north of $1 billion. Meta Materials listed onRead More

SEC Says Influencers Pumped & Dumped Torchlight

SEC Says Influencers Pumped & Dumped Torchlight

December 14, 2022 at 11:51 am

On Tuesday, the US Securities Exchange Commission (SEC) filed a lawsuit in the US District Court for the Southern District of Texas against the following eight defendants: Edward Constantin aka MrZackMorris aka Edward Constantinescu Perry Matlock aka PJ Matlock Thomas Cooperman aka Tommy Coops Gary Deel aka Mystic Mac MitchellRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

April 1, 2022 at 12:30 pm

Bridging burning There’s a big update this week on Bridging Finance, the private debt lender that extended Membertou a $6.8 million loan in January 2020 to invest in Novaporte, promoter Albert Barbusci’s proposed Sydney harbor container terminal project (and that took what Barbusci termed a small equity stake of itsRead More

Meta Faces Potential Class Action Lawsuit

Meta Faces Potential Class Action Lawsuit

January 12, 2022 at 12:49 pm

Since last we spoke of Dartmouth-based Meta Materials, it has become the target of both a scathing short-seller’s report and a potential class action lawsuit. Both developments were reported in the local mainstream press — by SaltWire’s Newfoundland-based Barbara Dean-Simmons¬†and the CBC’s Paul Withers — which I note because neitherRead More

Revisiting the Unicorn

Revisiting the Unicorn

September 29, 2021 at 1:07 pm

This week, I’m going to continue my examination of Innovacorp’s “unicorn” investment, spurred, in part, by the Cape Breton Post’s take, which appeared in Monday’s print edition wrapped in a piece of puffery about Bob Pelley, Innovacorp’s regional manager in Cape Breton. The Post — like the CBC before itRead More

Innovacorp’s ‘Unicorn’

Innovacorp’s ‘Unicorn’

September 22, 2021 at 4:51 pm

Innovacorp, the province’s venture capital crown corporation, has won the VC lottery — it bet $3 million on a Dartmouth firm that makes “high-performance materials used in the defense and aerospace industries” and collected $104 million when that firm went public in the US (it’s Meta Materials NASDAQ:MMAT). How pleasedRead More