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#MMAT ?? Uptrend continues. Lets hold $2. next target is very nice! my price targets and entries!
mmtlp question?
In looking at the financials for the gas and oil company, with only 32,000 in revenue and 72million in debt this is all about screwing the shorts.
Which for me is worth the cost of admission. Anyone hove any forward looking financials into oil company?
Thank You
They probably wont get all the shares to close all the shorts including naked shorted originated ones. That is why sky is the limit on the price. Name your reasonable price, I bet you get it filled by Monday 12/12/22. BTW, there is mostly 2s in this date. The numeralogists out there, does that say something for us?
Time will tell who is right on this one.
Thank You. Have a restfull sleep friend.
The next few days will be exciting to say the least.
GLTA MMAT AND MMTLP SHAREHOLDERS
awesome detail: there is no extended hours tradin' for mmtlp shorts, so no manipulation possible there, # 209 for Stockman and #77 for the Southern Gal, now i'm gonna get some sleep, ANT
Its official FINRA has put out the Corporate Action on MMTLP. I guess my rather dramatic and honest phone call did the job. I got lucky and got a hold of one of the key decision making managers there. Perhaps or maybe all of us together calling them got them off the fense to complete this process. GOD BLESS YOU ALL. She rockets from here people. I am certain of it. Both MMTLP and MMAT should gap up tomorrow morning.
The good times with MMAT and MMTLP are about to come people.
ENJOY IT LONGS!
YEEEEEEEEHHAAAAAAAAAHHHHHHHHHHHHHHH!
Where will they get the volume needed to cover all? Really want to be a witness, have a nice evenin', ANT
What do you guys think about that jump to $9.70 was all about 10 minutes ago? Anyone who questions my posts should go into a confessional and talk to their priest. You dont know what you are talking about. I know what I am talking about. I am sorry I did not pick up more MMTLP shares at $5.10. But I did at $5.90 thank you sellers. You will regret selling these diamonds to me for pennies on the dollar.
GLTA MMTLP SHAREHOLDERS.
Almost a double in 10 minutes, now we're talkin', ANT
8 now on such little volume, luv it, ANT
we're at 7 already, nice and early, ANT
People remember, shorts will tank the MMTLP stock now to scare you and get you to panic sell. Its their handiwork to cause us Longs to sell early in the game.
I am very confident they can not escape this short squeeze being played out like a perfect storm.
Never stop loss here, we all know mm's read the tape better than us, ANT
Shorts are just letting us get em at a big discount. If you are using a stop loss get rid of it the shorts want your shares they will probably trigger your stop order.
got a few too, they just don't get the daily volume needed to cover, got to have a strong stomach though, ANT
And the dump-a-thon continues…
This is a pump and dump. That 6.4M shares of short interest (and that’s all it was despite the pumper rhetoric of something much higher) was likely closed when the price jumped 8-10X’s, and the other 160M or so shares in the O/S will be left holding the bags owning a private company worth a very small fraction of what they paid/lost on the stock. The folks saying “buy and hold” on an OTC stock always have some to sell. Always.
I just picked up another 100 MMTLP shares at $5.91. Thanks sellers. Shorters are welcome to buy them back on Friday at $100 pps.
GLTA MMTLP SHAREHOLDERS
golden cross comin' our way, always a plus in my book, fyi ANT
Your guess is as good as mine.
taking a chance on the stock trade into oil is better than selling out under 10.00
do the shorts realize that most have mmltp as a dividend stock with zero cost basis and therefore willing to hold out for the death of those who short other companies for ill gain
yes but at what price will they force them to close out their positions? will they just allow them to close after hours at the 6.00 price they drive it down to? you may want to ask them that question.
Or are they saying basically there will be no run on the shorts until the last day
It is tough even at times impossible to beat the crooks when they have the support and backing of federal agencies who are also crooks.
If the company asked the shareholders to do a cert pull it would expose the shorts when shareholders still want their stock certificates and the DTCC has no more available
Picked up another 100 shares at 6.67. Thanks sellers.
GLTA MMTLP SHAREHOLDERS
Thx for the info, i was countin' on Thursday but they will have to pay up eventually, ANT
I called fidelity and they told me that MMTLP last day to self close short positions will be Friday December 9, 2022. If shorts do not self close by Friday, Fidelity will force close these positions by Monday December 12, 2022 automatically. Like a margin call situation. They said notices have been sent to all of their clients holding short positions.
I called TD Ameritrade and they said the same thing.
I wonder what the other brokerages are doing now?
GLTA MMTLP SHAREHOLDERS
some 1,71's for me, fyi ANT
I just added myself
Private equity and hedge fund industries pour nearly $347.7 million into 2022 midterms
By Taylor Giorno and Srijita Datta
September 7, 2022 5:50 pm
Sen. Kyrsten Sinema (D-AZ) walks to a vote at the U.S. Capitol on Thursday, July 28, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images)
Federal committees reported receiving nearly $347.7 million during the 2022 midterm election cycle from private equity and hedge fund employees and PACs, an OpenSecrets analysis of Federal Election Commission disclosures available on Aug. 15 found.
Sen. Kyrsten Sinema (D-Ariz.) made headlines in August for her stalwart opposition to a provision in the Inflation Reduction Act – signed into law by President Joe Biden on Aug. 16 – that would have closed the carried interest tax loophole. The existing loophole allows private equity executives and some hedge fund managers to claim large portions of their income as investment gains at a substantially lower tax rate.
Lobbyists for these firms barraged Sinema’s office with calls the day before the Senate voted to pass the Inflation Reduction Act, reported CNBC. Senate Majority Leader Chuck Schumer (D–N.Y.) said his party had “no choice” but to remove that piece from the legislation.
Schumer, Sinema and Sen. Joe Manchin (D-W.Va.) – three key architects of the Inflation Reduction Act – are among the top recipients of contributions from the private equity and investments industry in the 2022 election cycle, according to data tracked by OpenSecrets.
Private equity and investment firms have steered $351,000 to Sinema’s campaign and leadership PAC, Getting Stuff Done PAC, so far this election cycle – more than half of the $766,000 Sinema’s political operation has received from the industry since 2012.
Blackstone Group has given the most money to Sinema’s political operation since 2012, with individuals contributing $60,900 to Sinema’s campaign and $20,500 to her leadership PAC. Employees at Carlyle Group and the firm’s PAC contributed $40,100 to her campaign and $8,400 to Getting Stuff Done PAC, and individuals at Welsh, Carson et al gave $47,100 and $5,000 respectively.
In the last five years, Sinema’s campaign received nearly $2.3 million in PAC giving and campaign contributions from the overall securities and investment industry, according to data tracked by OpenSecrets. Her leadership PAC brought in $256,200 from the industry during that same period – more money than it received from any other sector.
The senator had been “clear and consistent for over a year that she will only support tax reforms and revenue options that support Arizona’s economic growth and competitiveness,” a spokesperson told OpenSecrets.
Manchin faced significant criticism for his reluctance to pass the Inflation Reduction Act – and its Build Back Better predecessor – in an evenly divided Senate. Although Manchin’s political operation reported receiving over $369,000 from the private equity and investments industry during the 2022 election cycle, the West Virginia senator has been a vocal opponent of the carried interest loophole, helping to introduce the Carried Interest Fairness Act in 2021.
Referred to the Senate Finance Committee, the bill has not advanced since May 2021.
Individuals and PACs affiliated with the securities and investment industry also contributed $1.7 million to Manchin’s campaign during the 2022 election cycle, and his leadership PAC received over $190,000 from the industry.
Schumer’s political operation has received by far the most money from the private equity and investments industry during the 2022 midterms. The Senate majority leader’s campaign received over $1.2 million in contributions from industry individuals and PACs in the 2022 cycle alone, and his leadership PAC received $251,000.
A spokesperson for the majority leader told the Financial Times that Schumer “worked until the very end to try to keep the provision in the legislation and will continue to seek opportunities to eliminate it.” Schumer’s office did not return OpenSecrets’ request for comment.
The Inflation Reduction Act is not the first time the private equity firms and hedge funds flexed political influence to protect the carried interest tax loophole. Individuals and PACs at private equity firms including Blackstone Group, KKR & Co. and Carlyle Group as well as hedge funds including Soros Fund Management and Citadel have poured hundreds of millions of dollars into the political process in recent decades.
The private equity industry steered $223.5 million to federal candidates since 1990, according to data compiled and coded by OpenSecrets, including $23.5 million in contributions to 2022 midterm campaigns reported to the FEC.
Private equity firms also spent $245.5 million on lobbying from 1998 through the second quarter of 2022, according to OpenSecrets data. The industry also boasts an experienced bench of lobbyists – over three-quarters of lobbyists representing private equity firms in 2022 swung through the revolving door between the public and private sectors.
Hedge funds contributed over $107.2 million to federal candidates during the 2022 midterm election cycle, including nearly $10.4 million this cycle alone. The hedge fund industry spent over $119.7 million on federal lobbying during the same period. Just under two-thirds of the industry’s lobbyists in 2022 were former government employees.
Both private equity firms and hedge funds ramped up lobbying in 2007 as the 2008 financial crisis loomed. Hedge funds in particular were heavily invested in mortgage-related securities at the time of the crash, according to the final report on the causes of the crisis prepared by the Financial Crisis Inquiry Commission.
Private equity and hedge fund managers pour money into 2022 cycle
Money from individuals and PACs of private equity firms and hedge funds is flowing to politicians this election cycle, including hundreds of millions of dollars to outside spending groups.
Individuals at private equity firms have contributed at least $49.8 million to federal candidates and committees during the 2022 midterms, which reported receiving an additional $770,000 from private equity PACs as of Aug. 15. Private equity and hedge fund donors gave $52 million and $214 million respectively to outside groups. Hedge fund employees contributed just under $30.6 million to federal candidates.
One of the hedge fund industry’s top donors this election cycle is Ken Griffin, the billionaire CEO of the hedge fund Citadel. Griffin is the third largest individual donor and the second largest conservative donor for federal committees in the 2022 midterms. He has also given over $56 million to state-level candidates this election cycle – including $50 million to Illinois gubernatorial candidate Richard Irvin, who lost the GOP primary to state Sen. Darren Bailey (R), and $5 million to the Friends of Ron DeSantis PAC.
The Citadel CEO poured $8.8 million into a pro-David McCormick super PAC – Honor Pennsylvania – that spent over $19.3 million in the Keystone State’s contentious Senate GOP primary. Hedge fund affiliates and PACs poured nearly $229,000 into the campaign for McCormick, who lost the Pennsylvania Senate GOP primary to celebrity heart surgeon Mehmet Oz.
Several other hedge fund executives poured millions into Honor Pennsylvania, including D1 Capital Partners founder Daniel Sundheim and Paul Singer, founder and president of Elliott Management Corp.
Carried interest is “not really an issue” for hedge funds like Citadel, which turn over portfolios on a short-term basis compared to private equity firms, a company spokesperson told OpenSecrets.
A recent ProPublica article found hedge fund managers including Griffin are often taxed at higher rates than private equity executives if they earn income through short-term trades. Carried interest generally benefits private equity executives more than other industry stakeholders, as their management fees are taxed at a lower rate than the wages of their salaried employees.
But, when asked about his stance on the carried interest tax loophole at the Economic Club of Chicago in 2013, Griffin said the U.S. tax code “favors the creation of wealth” and therefore “the nature of the income that is created should flow through to those that create it.” Although Griffin added he didn’t have “a lot of skin in the game,” he was interested as “a matter of principle.”
Griffin also spent $54 million opposing a 2020 ballot measure that would have raised taxes for ultra-wealthy Illinoisians like himself, ProPublica found, noting Griffin was the second largest taxpayer in the U.S. from 2013 to 2018. The measure failed.
George Soros, the billionaire founder of Soros Fund Management and the philanthropic Open Society Foundations, is the top individual donor to outside groups this election cycle. Soros poured $125 million into his super PAC, Democracy PAC II, earlier this year. The Fund for Policy Reform, a 501(c)(4) nonprofit backed by Soros, contributed another $25 million.
Other private equity and hedge fund executives top the individual donor list compiled by OpenSecrets include Blackstone Group chairman and CEO Stephen Schwarzman, Susquehanna International Group co-founder Jeffrey Yass, and Lone Pine Capital founder Stephen Mandel. All three men are multibillionaires, according to Forbes.
Demystifying “private equity”
The term “private equity” is a tasteful rebranding of “leveraged takeovers,” Carter Dougherty, communications director with Americans for Financial Reforms, told OpenSecrets. Americans for Financial Reform is a left-leaning nonprofit organization formed in the wake of the 2008 crisis to study and advocate for policies that advance a more just, equitable financial system. Using data compiled by OpenSecrets on a curated list of private equity firms, hedge funds and their subsidiaries, the organization developed a 2021 report on industry spending.
Private equity firms pull together big pots of money from pension funds, endowments and wealthy individuals, Dougherty explained – generally any place that wants to get a return on their investments. These firms can then use that money to take over a company, restructure it and sell it at a profitable margin.
There always seems to be a key politician siding with the industry, Josh Kosman, private equity expert and author of Buyout of America, told OpenSecrets. He added that these politicians, like Sinema, have swung votes that have basically been saving the industry for decades.
The private equity industry has had a huge influence over both Republican and Democratic officeholders, especially in the last 15 to 20 years, according to Kosman. Affiliates of these firms have given almost evenly to Democrats and Republicans in recent years, OpenSecrets’ research shows, with slightly higher contributions to Democrats.
Dougherty and Kosman also pointed out an amendment exempting private-equity-owned companies with under $1 billion in revenue from paying the 15% minimum corporate tax. While firms could own hundreds of companies with combined revenue of over $1 billion, Kosman told OpenSecrets, the amendment assured each will be seen as an individual company for tax purposes.
The private equity sector currently controls more than $6 trillion in assets, according to a recent ProPublica article.
https://www.opensecrets.org/news/2022/09/private-equity-and-hedge-fund-industries-pour-nearly-347-7-million-into-2022-midterms/
I have added on both mmat and mmt*p, still have more than enough ammo ready till Thursday, fyi ANT
I am not selling my MMTLP for less then high 3 digits to 4 digits prices. Anyone selling for 2 digits will regret it. If MMTLP never goes over $100 I would be very happy to own private NBH shares. I know I could get more then 500% my cost basis of MMTLP with NBH private shares.
It's all positive to me people.
GLTS MMTLP SHAREHOLDERS
Well that's one bet we all hope you win.
I AM BETTING THAT FINRA WILL BE PUT ON NOTICE FOR A MAJOR LAWSUIT FOR NOT DOING THEIR JOB. I AM BETTING THAT FINRA WILL COME TO THEIR SENSES AND NOTIFY DTCC AND AND BROKERAGES THAT SHORTS MUST CLOSE THEIR SHORT POSITIONS BY DEC 12. I AM BETTING IF THEY DON'T CLOSE THE BROKERAGES WILL ACTIVATE MARGIN CALLS AND FORCE CLOSE THE SHORTS ON DEC 12.
THE SQUEEZE WILL HAPPEN ONE WAY OR THE OTHER.
GLTA MMTLP SHAREHOLDERS
I don't no why mmtlp hasn't notefide td of there intentions. It's probably to late by now I would think.
The short interest on this stock was 6.4M shares against an O/S of 165M at the last FINRA data point. I see BS articles on the media about "shorty" having 100's of millions of shares, but that is pure bunk, pump and dump hogwash. The folks saying to buy and hold are selling for profit, just like they do every time in pump and dumps.
simple answer/ one always has to pay the cost for a short position (lendin' without payin' does not exist in the bankbusiness) and always have to buy back, if that weren't the case, the whole world would start shortin', what a mess that would be, and imho management is aware of that too, fyi imosho ANT
can the shorts walk away from closing on the 12th and keep the money they got when they opened their short position tax free???
They'll have to get alot more volume nxt week, both mmat and mmt*p, hope it will sink in, imosho ANT
yes he states the anatomy correctly.
I had a stock years ago it was estimated to have been shorted over a trillion shares, the company spiraled and out of business the company went.
the crooks kept all their ill gotten gains without having to pay a penny in gains taxes because their positions were never closed.
They call it a death spiral.
Tens of thousands of shareholders lost everything and the DTCC refused to do anything likewise with the SEC. Crooks of a feather short together.
Kinda like being a politician where you have no rules and can insider trade without consequence.
If management would like to squeeze the shorts nutz they should PR a forward split, 1 for 2 or higher for the new oil stock the day after mmtlp ceases to trade.
Unpaid shorts would the be liable for the pricing the company puts on the stock in the private company.
I want to see these pigs squeal, they have stolen to much money from me over the years by destroying companies.
We about to find out how deep the @FINRA corruption is so retail traders can make there next moves.
UncleSmokeyStockTrades
@SmokeyStock
$MMTLP $MMAT This article needs to be brought to the forefront again.
seekingalpha.com
Anatomy Of A Short Attack
12:13 PM · Dec 1, 2022
https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack
MMTLP is the litmus test to see how deep the corruption goes.
@FINRA
@cvpayne
Quote Tweet
Cyntax Queen of the Metaverse
@Cyntaxed007
·
@cvpayne this one is probably worth you looking at, It appears @FINRA is hooking up market makers and hedgefunds at the expense of retail and companies.
I knew the market was rigged against retail but what has happened with $mmat & $mmtlp is next level.
Let's do this, Together... We need Everyone to make this Change!
And guess what
@cvpayne
Is now part of the #MetaFam!
$mmtlp $mmat
#LFGB
@johnbrda
@palikaras
$1.65 gap still needs to fill. Think I'll hold off for a while
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