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Oh dear! More from AllNovaScotia:
Ousted CEO Says Meta Is Holding a Fire Sale
Meta Materials Inc.'s founder and ousted CEO says the cash-strapped nanotech company is "conducting a fire sale."
But he's tightlipped on whether he would burn through some of his own cash to buy assets...
The headline at AllNovaScotia is: "Meta Slashes Most Staff As It Seeks Escape Route". It's laying off most of its workforce.
IT sucks really. A lot of poor business decisions in the absence of revenue. Very similar to the dot com boom and the weed boom. all kinds of foolish valuations and deals being done in a complete absence of fundamentals.
in all those cases the only people who made money were the ones that sold their companies in to these runs and/or sold their stock and took profit and frankly there is not a damn thing wrong with that.
But there is a path of destruction here. bagholders yes, landlords ( he will survive) contractors and employees
It’s a collapse dude!!!
Geez.....Now what ?
Sad but not unexpected news out
Should you get and hold your certificates? https://franknez.com/missing-mmtlp-certificates-now-back-up-possibility-of-illegal-trading/
You found a choice:
i am still unclear on whether all MMTLP shareholders received their shares in the private company?
Need trade settlement MMTLP: https://www.sec.gov/Archives/edgar/data/1849635/000114036124021595/ny20026576x11_ex99-1.htm
What rubbish.
Ask: Is a U3 Halt an indicator of illegal market manipulation?
Not necessarily. It wasn't in the case of RIVT, far as I know. Nor was it in the case of MMTLP, unless FINRA was concerned that longs were desperately trying to create a squeeze. That IS illegal securities manipulation.
Ask: Is a U3 Halt an indicator of illegal market manipulation? https://www.matzavblog.com/trump-media-ceo-vows-to-protect-djt-investors-from-short-sellers/
That is a remarkable chicken.
Interesting, disclose there net short positions: https://www.zerohedge.com/markets/shares-trump-media-jump-after-ceo-pens-naked-short-letter
Don't miss a note:
Waiting for updated financials before a revised S-1 is submitted:
No, it was not the longest in history. It lasted two weeks. The RIVT halt was much longer: from early May 2015 to early December 2015.
You can read about how it started at the beginning of the board here:
https://investorshub.advfn.com/Riviera-Tool-Company-RIVT-11760
Trading halts: https://otce.finra.org/otce/tradingHalts
The longest U3 trading halt in history: https://www.securitieslawyer101.com/2015/u3-halt-swk-holdings/
Some questions answered by finra: https://www.finra.org/investors/insights/supplemental-faq-mmtlp-corporate-action-and-trading-halt
Not everyone can transfer to ast, A time will come when the shares will have filled the quota those shares will be used as nextbridge holders or maybe a deal made to work off the overage/underage is in the works and something is being worked out .You may get a lower and longer settlement if not transfer in your name. All just my opinion
The shares had a promise of delivering the shares in the private company? My question is did everyone receive what was promised ? That is all it was it essentially was the due bill
Give it up people MMTLP will never trade again.They already buried it.The big boys made sure of that.Good luck and good trading.
The shares on the opposite side need to be closed or force close, like what should have happened before halt. There now needs to be After halt action. This has gone on way to long What are they hiding... A Whole lot i bet. Should be a simple thing. https://www.reddit.com/r/MMTLP_/comments/10vpjzy/if_mmtlp_was_allowed_to_trade_for_another_2_days/
What on earth does that mean?
#MMAT 🔥 what for $5 break for a big move! $mmat
Also, some may have only sent a portion of their shares which need tally, DYT.
I presume we have a share count at ast. Now need share count of shares "not willing or unable" to transfer to ast post sign up.
Good pump before the unveiling of the 100% share increase.Good luck and good trading.PS:Dilution does matter..
WHAT WAS DONE THAT WAS ILLEGAL AND BY WHOM? 1) FINRA allowed an untradeable dividend to trade on the OTC market without company authorization after being submitted by unaffiliated market makers. FINRA appears to have uniquely planned the U3 halt decision by drafting its own corporate action, making unscheduled revisions to it, and telling the company to go with it. Several rules were broken by FINRA to achieve this, including their own rule 6490.
2) MMTLP and the former ticker TRCH were abusively short-sold for years. The number of outstanding shares is yet to be determined but it is anticipated that the allotment of legal shares of MMTLP (165 million issued shares) was likely oversold by as much as 5x or more using counterfeit shares, often referred to as naked shorts. This means thousands of investors may have been sold millions of counterfeit shares by their broker. They may not receive anything from their investment because their sharesarenotreal. Shareholderswerepromised1-to-1sharesinthedividend,NextBridge Hydrocarbons, following the spin-off to a private company.
3) The list of Illegal activities continues to be uncovered by the MMTLP community. These include off- shore trading, trades run through “dark pools”, and counterfeit shares. Plus, collusion on a massive scale between regulatory agencies to protect the Wall Street elite at the expense of the retail investor.
WHAT IS THE STATUS OF THE FIASCO AND WHAT NEEDS TO BE DONE? The MMTLP community has been advocating for more than a year for complete transparency from regulators regarding MMTLP. Nearly 100 Representatives of Congress have asked the SEC and FINRA for answers, and their empty and obfuscating replies are completely unacceptable. The community is seeking a certified aggregated audited share count to prove the oversold situation. This information is not coming willingly from regulators so it is imperative that Congress issue subpoenas for this data immediately.
Once a share count has been acquired, the MMTLP community along with representation from Next Bridge Hydrocarbons will decide the best course of action. This includes any financial compensation for illegal activity, pain and suffering, and/or an opportunity to let the market settle the trades on a regulated blockchain or equivalent trading platform for position close only. Next Bridge Hydrocarbons shall remain a private company once short positions have been closed.
A visual learner? Watch our video:
The trailer features members of the MMTLP community plus APE/AMC investors and other tickers affected by naked short selling or counterfeit shares.
You can watch it here on this YouTube link:
The well-produced trailer features MMTLP community member Anna, attorney Wes Christian, attorney Mark Basile, William Farrand, Kristen Shaughnessy, Frank Nez, and more.
The four-minute trailer was written and directed by Mark Faulk, with cinematography by Jamal Williams and Roderick Berko and music by Anthony Acid and Aranda.
From what we understand, this is going to be a TV series, and one of the episodes will deal with naked shorting.
MMTLP; THE RED FLAGS IGNORED BY THE SEC: https://www.youtube.com/@joshuaw2618/videos
Can your shares become worth-less if you do not transfer. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-inc-releases-statement-regarding-equinitis-share-transfer-procedures-302067171.html
No thank you will wait for the Bigger developments coming. opt me out. https://www.tradingview.com/news/investorplace:2fe1a7d12094b:0-a-new-class-action-lawsuit-takes-aim-at-meta-materials-spinoff-next-bridge-hydrocarbons/
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