Meta Materials Inc (MMATQ)

[1Bigmac]

Lets get on with it already, to many days on halt: https://franknez.com/brokerage-firms-are-now-actively-being-investigated-in-meta-materials-case/

[1Bigmac]

[1Bigmac]

Share the petition: https://www.change.org/p/doge-conduct-forensic-audit-of-mmtlp-share-count-for-investor-transparency?recruiter=1220164882&recruited_by_id=7d2ef8b0-fa9a-11eb-a1d6-01a837e40276&utm_source=share_petition&utm_campaign=share_petition&utm_term=7f2e4c51e8e04537a832451cc1a16c2f&utm_medium=copylink&utm_content=cl_sharecopy_490530044_en-US%3A8

[1Bigmac]

Sign the petition:

[1Bigmac]

[janice shell]

Yes, they did, if they hadn't sold their MMTLP shares earlier, which some did. But those people presumably made a profit, so it should be fine with them.

[janice shell]

No, it most emphatically is not.

[Buckey]

so did all MMTLP shareholders get their private shares in nextbridge?

[1Bigmac]

Is this how a business model develops? :

[janice shell]

Oh my! Sure sounds as if the SEC is not at all happy with Next Bridge. Ouchies.

...We are disappointed to announce receiving another round of SEC comments to our Annual Report on Form 10-K for the 2023 fiscal year (the “2023 10-K”), which will further delay the effectiveness of our Registration Statement on Form S-1 to offer to the public 40,000,000 shares of common stock (the “Offering”), originally filed on January 23, 2023.

In September 2024, we understood that we had addressed all of the SEC comments to the Registration Statement and planned to proceed to file the final amendment to the Registration Statement to include pricing information with respect to the Offering;
however, before the Company could file the amendment, the SEC delivered comments to the 2023 10-K. This meant we could not file the final “pricing” amendment to the Registration Statement until the comments to the 2023 10-K were resolved.

Now, almost five months later, with four rounds of comment letters related to our 2023 10-K, plus five rounds of submittals related to the Registration Statement, all costing the Company tens of thousands of dollars to address, the SEC has taken the position that we should not have restated our 2022 audited financial statements that impaired the balance sheet value of our Orogrande property down to zero which were included in the 2023 10-K filed in July 2024. Instead, the SEC states we should impair the value as of October of 2024, when we learned University Lands would not extend our Orogrande D&D Unit Agreement....

https://cdn.prod.website-files.com/6169e69d0075ec7c66221a8b/67b7dfa2615039d4727a628e_SEC%20Delay%20Updates%20final.pdf

[1Bigmac]

Will approval of the S1 hurt investing community: https://cdn.prod.website-files.com/6169e69d0075ec7c66221a8b/67b7dfa2615039d4727a628e_SEC%20Delay%20Updates%20final.pdf

[janice shell]

And? The SEC is dealing with the MMAT/MMTLP perps.

[1Bigmac]

The activist is not the person who says the river is dirty. The activist is the person who cleans up the river.

[1Bigmac]

What's going on back stage:

[1Bigmac]

Unredacted:

[1Bigmac]

https://mcclain.house.gov/press-releases?id=74CE6B12-906E-4B08-A9F9-4929E3009960

[1Bigmac]

Twice as hard:

[1Bigmac]

He turned the valve the wrong way:

[1Bigmac]

How do you throw out a To Late to cancel. When is it to late?

[janice shell]

At a guess, I'd say those trades were busted. You could ask your broker. But I suppose that would be too easy, and not conspiratorial enough.

[1Bigmac]

After the halt there were trades made, seems strange. maybe halted for some?

[1Bigmac]

After the halt there were trades made, seems strange. maybe halted for some?

[janice shell]

There is no "share count". The MMTLP stock was exchanged for stock in Next Bridge. The MMTLP stock was cancelled. That had always been Brda's plan.

[1Bigmac]

Was the story over as the halt was carry out. What's the share count nothing more nothing less.

[janice shell]

On the contrary, the SEC's lawsuit against Brda and Palikaras is quite active. Brda is now represented by DLA Piper, a large international law firm. One wonders who's paying for that. Palikaras is represented by a Texas firm called Holland & Knight LLP.

The case has been moved from the Southern District of New York to the Eastern District of Texas, where Brda lives and works.

Most recently, Brda has filed a motion to dismiss, which is joined and supported by Palikaras. The SEC has opposed the motion; Brda has rebutted the SEC's opposition. That last filing is from yesterday, 21 March 2015. For the docket and most of the filings in the case, see:

https://www.courtlistener.com/docket/69415503/securities-and-exchange-commission-v-brda/

Docket No. 50 is an amicus brief submitted by a shareholder called Kevin Berthold. Berthold is not a gifted writer. He says, among many other things about what he calls the "Racket", that:

It is said that the only Constant is Change. However; it is evil, unjust and destructive when significant destructive Change is forced by Counterfeiters, who, driven by satisfying their glutinous greed for power and loot, are enabled to convey volumes upon volumes of securities Ownership that they DO NOT OWN; in the process cheating, plundering and killing Companies to the detriment of huge numbers of Stakeholders: Employees, Customers, Vendors, Entrepreneurs, Shareholders, and Society as a whole.

"Glutinous"? I know, I know. Celiac disease can be a horror.

Berthold is a Chartered Accountant, and, rather astonishingly, has served as an officer of a number of companies, one of which he says was a "Billion Dollar steel company, a subsidiary of a listed Company."

And yet he fell for all this.

Thanks for reminding me of the suit. I think it'll be interesting to follow.

[janice shell]

On the contrary, that lawsuit will succeed. The MMTLP story is over. It has been over for some time. The conspiracy people just don't want to realize it.

[1Bigmac]

Disappearing ink:

[1Bigmac]

Those will not go any where lets start here:

[janice shell]

Whoever he is, he's right. I suggest you start with the SEC complaint against Brda, Palikaras, and MMAT.

[janice shell]

Oh for God's sake. What part of "all of this was deliberately conceived as a scam" don't you and Frank Nez get? Hester Peirce, who is very smart, most certainly does get it: the SEC has alleged that the perps of said scam were John Brda and George Palikaras. The company--MMAT--has settled with the agency. If Brda and Palikaras don't do the same eventually, the case against them will continue.

Hester Peirce will not intervene. Neither will any other SEC Commissioner.

[1Bigmac]

Just another Excuse:

[1Bigmac]

After all this time, we still have a need to do a better job communicating MMTLP: She is not trying very hard. https://franknez.com/hester-peirce-lost-for-words-on-mmtlp-scandal/

[1Bigmac]

Is this the data you seek.

[janice shell]

For what it's worth, I don't think many owls were caught up in the MMTLP scam.

GRUB!!

[1Bigmac]

Does this resonate:

[janice shell]

They were never relevant to anything.

[1Bigmac]

Where have the Blue sheets gone:

[1Bigmac]

What's the count for next bridge:

[1Bigmac]

She said ging. That's what she said:

[1Bigmac]

I can see, really:

[TenKay]

“seems”?

You are too charitable. 😉

[janice shell]

MMAT seems to be dead.

[1Bigmac]

Watch before they erase:

[1Bigmac]

Share Count Showdown: https://mmtlpresources.com/

[janice shell]

Astonishing that the stock is up on its first day on the OTC. WHO would buy it?

[janice shell]

Isn't that idiotic? I'm sure his lawyer's told him to be quiet. But he seems not to be that kind of guy.

[Renee]

I'm sure the SEC and likely the DOJ will get his undivided attention. What a maroon.

[janice shell]

Oh yes. It's a total mess. Get a load of this from George Palikaras. He seems to be sort of unaware that the SEC is suing him--and his buddy Brda--for securities fraud:

Friday's Chapter 7 fire sale announcement by $MMAT is deeply saddening and extremely disappointing, it could have been avoided. This is a case study on how a Board takes down a company. Over the last 12+ years, I had the incredible privilege of working with an extraordinary team… pic.twitter.com/Pc5QBI0pGJ

— George Palikaras (@palikaras) August 12, 2024

[Renee]

Oh yikes.....I wasn't aware that it is Chapter (unlucky) 7. What a messy ending to the very long saga of corporate malfeasance.

[janice shell]

Yes. And not just any bankruptcy. No Chapter 11 reorganization. Just a plain old Chapter 7 liquidation.