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Once again, hogwash... The short interest on this stock was 6.4M shares, about 4% of the O/S, yet the pumpers who are now pretending to be victimized touted it as being a much higher, squeezable number. It wasn't and they knew it, but like the con artists they are, they duped some naive investors into overpaying for the stock as they flipped it for profit.
FINRA actually said it wouldn't be quoted after the 8th in their corporate notice:
I called my broker (TDAmeritrade) and I ask them what was the reason FINRA halted trading and declared MMTLP stock as "Caveat Emptor" meaning it can only trade in the Grey Market. Where no one wants to buy it. The agent said FINRA delared it with halt code U3 "Extraordinary Event". I ask him what that means and he said it means FINRA considers the close position only trading from us/shareholders to short position holders could "have major disruption to the market". In my conclusion this is similar to what happened with GME when it went to $480 pps and Robinhood took away the BUY button and stoped the GME stock price from going much higher potentially breaking the HFs/MMs in the market.
FINRA is committing crimes interfering with the trading of MMTLP as it is catering to the 1% at the cost of screwing us the 99% shareholders.
FINRA, I hope they put all of your employees in prison.
If shorts dont have to cover that means we have no chance of selling our shares to get out of MMTLP with profit and some will get stuck with NHB private shares. That also means that META management can not sell millions of MMTLP shares to shorts to have cash in the bank for the new NextBridge company. From reading the Torch filings the new NHB company is in financial debt trouble and starting with zero dollars in the bank that means there is high probablity NextBridge will not be able to stay in business long. Meaning all our NextBridge private shares could become WORTHLESS (worth zero) if NHB files bankruptcy in a year or so.
Big concern.
We should have a Short Squeeze if FINRA does not interfere with our ability to sell our shares to the Short position holders. FINRA, and the Brokers are complicit in preventing the short squeeze as we know it. Finra is saying to the world its OK to short stocks because we will do everything in our power to prevent you from having to close your position one day. Which mean you are allowed to STEAL money by borrowing shares from someone and you never have to buy them back. You can enjoy free money with our blessings. FINRA is saying to the world, "GO OUT AND SHORT THE SHIT OF THE STOCKS, WE WILL PROTECT YOU FROM HAVING TO PAY THEM BACK OR CLOSE THESE POSITIONS ONE DAY. SINCE WE ARE WALLSTREET'S MAFIA YOU CAN TAKE, AND TAKE, AND TAKE AND NEVER HAVE TO PAY BACK". FU FINRA. I HOPE YOU ALL GET LIFE SENTENCES WHEN THIS FRAUD AND CORRUPTION IS RESOLVED.
was the PPS. under .60 in October and it went to $2?
I have a feeling there are now dozens if not hundreds of people looking now to contract their securities lawyers to file major class action lawsuits against FINRA as a key defendent and some others. Brokers will not be exempt from this because they are taking away BUY button in this complicated process. Stoping us from selling our shares to Short Position holders.
Hogwash. There was never a "short squeeze" with only 4% of the O/S in short interest. That was all a fabricated fairy tale to dupe naive investors into over-paying for front loaded stock. The pumpers sell while singing in a relentless chorus to "buy and hold," and then when the wheels fall off the narrative, they blame FINRA, OTC markets, the government, "shorty," for all the dumping. Lather, rinse, repeat.
The only FRAUD was done by the con artist pumpers.
LOL. FINRA is following their process, same as for any other stock.
Good luck with finding a lawyer for that “class action”.
If MMTLP is on the Grey Market as CAVEAT EMPTOR can shorts still buy it to close their short positions?
If not, then FINRA has committed FRAUD AT THE HIGHEST LEVEL and caused MMTLP stock holders to not be able to sell it on Dec 9, 2022 and Dec 12, 2022 as META MATERIAL MANAGEMENT and SEC and FINRA originally declared. By doing this they ENABLED/ALLOWED shorts to walk away from their short position with stolen retail money they got when they opened the MMTLP short position since they do not have to close these short positions now because of what FINRA has just done. This is an act of theivery at the highest level.
FINRA and all its management should be hauled into court for criminal conduct and theft of the highest level of MMTLP shareholder's money.
GOD ONLY KNOWS HOW BIG THIS LEGAL FRAUD IS GOING TO TURN INTO.
BE HAPPY YOU ARE HOLDING MMTLP/NHB SHARES THE LEGAL AND PAYOUT RAMIFICATION IS ENOURMOUS.
IF META MATERIALS MANAGEMENT DOES NOT INITIATE A CLASS ACTION LAWSUIT WE THE MMTLP SHAREHOLDERS SHOULD DO IT AS THE PEOPLE IMPACTED.
GLTA MMTLP/NHB SHAREHOLDERS
P.S THE TIME WILL COME WHEN THESE (FINAR, MMs, HFs, SHORTS) CRIMINAL THIEVES OF WALLSTREET WILL BE WALKING WITH BALLS AND CHAINS AROUIND THEIR LEGS IN MAXIMUM SECURITY PRISONS.
MMAT - GOES WAY UNDER $1.00
Doesn't matter the reason.....
You cannot fight the market....... the tape tells it all.
and finra proves my point, the crooks protect the crooks
hunter must have been short so the big guy made a call
sorry for those that kept throwing good money after bad. never chase stocks either direction
when do i get my NB shares? They are welcome, ANT
MMTLP is preferred shares, MMAT is common. Same company.
I've never seen more sh-- flying on a board than I have on this one. None of any of this stuff makes any sense to me. But I can say one thing this hasn't short squeezed like y'all keep posting about.
Why is is everyone posting about mmltp on this board, it doesn't have anything to do with this stock does it?
Good news MMTLP shares will be deleted and the CE just means sellers can make shorts pay whatever price they desire. Sellers now in full control as shorts must close positions.
So sell your shares at a high price or move on to new private company. Both good choices
No bid or ask, matched trading only, no buyers, everybody flying blind...
Today was last day to BUY, not SELL.
Owners can sell until end of trading on Monday the 12th.
The only buyers tomorrow should be shorts and brokers.
I know at least one broker is giving shorts until close of trading Friday to exit their position before the broker closes it for them. Brokers should be the only ones buying on Monday... and possibly even calling shareholders on Tuesday.
Probably a good idea to leave any GTC limit sell orders in place after the 12th, just in case.
FINRA doesn't "clear up" information filed with the SEC, and in fact they're consistent.
It really doesn't matter. The stock is now on the grey market, matched trading only, no published bid or ask prices available, and a whole host of brokers won't let any of their customers buy it. Those that own the stock are largely trapped with it, though there are a few shady brokers that will let a buy go through. Whether it gets cancelled on the 13th or 14th is irrelevant.
Yes, Finra might've been clearing up confusion caused by the language in the S-1/A filing which they also used. To brokers, deleted/canceled and shares/symbols have different meanings.
The company's S1A filing stated that "immediately after the Spin-Off" all shares of MMTLP would be cancelled.
However, Finra's original notice stated shareholders would "receive one (1) share of Next Bridge Hydrocarbons, Inc. for every one (1) share of MMTLP held on Pay Date of 12/14/22."
Finra had MMTLP shares being cancelled the day before NBH would be issued to those who still held MMTLP... which would be no one. The revised notice tries to clear that up by removing "on Pay Date of 12/14/22."
This is from Next Bridge's S-1/A (emphasis added):
Possibly because of the botched Finra notice...
"MMTLP shares will be canceled effective 12/13/22."
was changed to...
"Symbol: MMTLP will be deleted effective 12/13/22."
The original notice probably confused investors into believing their MMTLP shares would be worthless on the 13th. Instead, just the symbol will be deleted when your shares are exchanged for NBH.
https://metamaterial.com/meta-materials-announces-finra-has-revised-corporate-action-for-exchange-of-series-a-preferred/?utm_content=231043236&utm_medium=social&utm_source=twitter&hss_channel=tw-1643983478
Duh, it's non existent starting next week
And there you have it... no quotations, the grey market.
The bastards made MMTLP caveat emptor tonight
I didn't say zero. There will always be brokers that will allow their clients to be stupid. I've seen that Schwab and Fidelity won't on social media, and I'd expect the same brokers that won't let their clients to buy stocks on the grey or expert market to do the same here. Even those stocks have an occasional mindless buy.
MMTLP on Threshold List 38 consecutive trading days!
Those FTD's have to be settled before MMTLP is deleted on December 13th!
No more kicking the can down the road.
https://otce.finra.org/otce/otcThreshold
I expect many shorts will cover tomorrow, and those that don't will be forcibly closed by brokers along with outstanding FTDs on Monday. Brokers have to balance their books by Tuesday! Naked shorts must be clothed and buried. I suspect brokers will soon become aware of the gravity of their problem (i.e. not enough shares/too little time) and will be desperately calling shareholders on Monday/Tuesday to make us an offer we can't refuse.
$$$
So you expect the volume to go to zero tomorrow and Monday. We will see if you are correct. Promise me if the shorts are buying our shares with at least 1M shares per day tomorrow and Monday you will leave this board never to be seen or heard from again. OK Shorty, Dorky?
WARNING to SHORTS... I'm NOT SELLING CHEAP!
Shorts don't have a clue what MMTLP/NBH's oil&gas leases are worth.
I'm betting it's worth a hell of a lot more than three stink'n dollars/share!!
We're talking over 200 square miles of land in the Orogrande Basin in western Texas
with an estimated 3.2 Billion barrels of oil and 6 Trillion cubic feet of natural gas!
Of course, it might take some time for Next Bridge Hydrocarbons to find a buyer/partner to pump that oil... but I can wait.
$$$
Yep, I added 210@3.00 of NBH in the last hour.
I've been able to double my position in the last couple of days. MMTLP shorts are so generous!
Agreed, the worst possible outcome for the shorts will be a lawsuit that will go nowhere and they will eventually settle for pennies on the dollar a couple of years from now.
I said the shorts would never cover, no need, the corrupt agencies that are supposed to protect shareholders are just as corrupt.
I would have liked to see shareholder win for once.
just added 2,98, if it's NB in my account, i don't mind, ANT
$MMTLP just fell under $3.00, look out below!!!
MMTLP "longs" advocating "hold for Next Bridge" obviously don't "know what they'll own' and won't be able to sell.
Financial information for the spin-off begins on page 80 of this:
https://www.sec.gov/Archives/edgar/data/1936756/000119312522281275/d302576ds1a.htm#toc302576_19
$45.6M of oil and gas properties producing $16K (not a typo) of oil and gas. Yeah, Exxon's beating the door down to buy that crap. Even if the properties were bought at the company's generous assessed value, what's $45.6M divided by 165M shares?
Just added another 650 shares... Thank you SHORTS!
If I don't get triple digits for my MMTLP, I'm holding for Next Bridge Hydrocarbons...
I figure I'll be green either way.
$MMTLP shares will be canceled effective 12/13/22. You have until Monday 12/12/22 to make an exit or decide to hold and you will receive shares of common stock for Next Bridge Hydrocarbons, Inc.
To be eligible for the dividend, you need to be a shareholder by the end of the trading day of 12/08/22 (today) and hold until Monday 12/12/22.
With the way things are going, this play is going down faster than a two dollar whore on nickle night.
Be careful here.
https://www.otcmarkets.com/stock/MMTLP/news/story?e&id=2399181
the amount of shares shorted have to be returned, how many they shorted (that's ur so called dumpage), that is what makes it interestin', since there is a fixed amount the company wants off the market/exchanged now come nxt week, fyi ANT
With all this $MMTLP dumpage, short will be covered before a squeeze can happen.
Look out below!!!
I don't think this one does .
I just spoke with TDAmeritrade agent. He told me that they did not yet get the "Corporate Notification" notice from DTCC. They will not force close any of their customer short positions, because no customer/account holder is allowed to open a short position against stock ticker MMTLP at TDAmeritrade. So what the heck is everyone expecting against TD Ameritrade to do????
Anybody know what the F...K is going one with this forced close short position business at TD Ameritrade ???
I know Fidelity allows their customers to open a short postion against MMTLP.
I do not know what the other brokers are doing?
So don't buy today then
clock is tickin', only 5 mil shares traded so far, weekend gettin' closer, ANT
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