Meta Materials Inc (MMAT)

[cervelo]

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

[ANTADOG]

when do i get my NB shares? They are welcome, ANT

[Huddlestud]

Thanks

[wormdirt]

MMTLP is preferred shares, MMAT is common. Same company.

[Moonboy1]

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.

[Huddlestud]

Why is is everyone posting about mmltp on this board, it doesn't have anything to do with this stock does it?

[kingjoe]

CE is next.

[kingjoe]

This SCAM is done.

[tw0122]

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

[trader59]

No bid or ask, matched trading only, no buyers, everybody flying blind...

[JamesE_]

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.

[trader59]

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.

[JamesE_]

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."

[trader59]

This is from Next Bridge's S-1/A (emphasis added):

None of the Series A Preferred Stockholders are required to vote on or take any other action in connection with the Spin-Off. We are not asking you for a proxy, and we request that you do not send us a proxy. The Series A Preferred stockholders will not be required to pay any consideration for the Common Stock they receive in the Spin-Off; immediately after the Spin-Off, all shares of Series A Non-Voting Preferred Stock of Meta shall be cancelled.

[JamesE_]

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

[bowlfan912]

Duh, it's non existent starting next week

[trader59]

And there you have it... no quotations, the grey market.

[tw0122]

The bastards made MMTLP caveat emptor tonight

[trader59]

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.

[JamesE_]

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.

$$$

[Stockman1010101]

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?

[JamesE_]

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.

$$$

[JamesE_]

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!

[Sonic Boom]

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.

[cervelo]

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.

[ANTADOG]

just added 2,98, if it's NB in my account, i don't mind, ANT

[Sonic Boom]

$MMTLP just fell under $3.00, look out below!!!

[trader59]

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?

[JamesE_]

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.

[Sonic Boom]

$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

[ANTADOG]

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

[Sonic Boom]

With all this $MMTLP dumpage, short will be covered before a squeeze can happen.

Look out below!!!

[ANTADOG]

bought some xtra 3,80, mmtlp, ANT

[Huddlestud]

Thanks

[hawkshaw812]

I don't think this one does .

[Huddlestud]

When does this stock stop trading?

[Stockman1010101]

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?

[bowlfan912]

So don't buy today then

[ANTADOG]

clock is tickin', only 5 mil shares traded so far, weekend gettin' closer, ANT

[trader59]

This is a pump and dump. Saw this from Schwab on social media. What it's telling you is they're not going to let anybody buy your stock after today, and you'll be stuck with it. That's exactly what the pumpers want, they'll sell everything no later than today, and the naive investors will be stuck with a horribly overpriced private company.

[Stockman1010101]

Just picked up another 100 MMTLP shares at $4.50. Thanks sellers/shorts.

GLTA MMTLP SHAREHOLDERS AND TRADERS.

[ANTADOG]

they need to close their position, the lender won't tell 'm: u know what? " I've lended u shares, but u don't have to give 'm back ", imosho ANT

[Stockman1010101]

I dont sell on the ($10) cheap people. Selling daytrade shares from today any price above $20. My core backbone shares I will sell at different prices above $100. Hopefully we see $1000 soon.

GLTA MMTLP SHAREHOLDERS

[Stockman1010101]

REMEMBER DTCC CAN NOT WITHOLD THE CORPORATE NOTICE. IF THEY DO MAJOR LAWSUITS WILL BE COMING AGAINST DTCC FOR BEING COMPLICIT WITH SHORT FRAUD. WE ALL GET THE COURT ACTION PAYOFF IF IT GOES THIS FAR.
WE ARE IN A WIN, WIN, WIN SITUATION WITH MMTLP. ITS WORTH ITS WEIGHT IN GOLD.

GLTA MMTLP SHAREHOLDERS

[ANTADOG]

i'm keepin' my initial position for the exchange though, fyi ANT

[Stockman1010101]

Good move. Congrats.
I do not mind daytrading some of my MMTLP shares. I have a strong feeling my gains will be huge just daytrading as well as when shorts are covering.
It's all a piece of cake easy money now.

Future congrats to the smart ones trading now.

[ANTADOG]

bought some mmtlp at 4,10 just now, this is no normal tradin', like that 100% spike in 10 minutes, somethin' to think about, i made my decision, ANT

[Stockman1010101]

REMEMBER SHORTS ARE IN TROUBLE. THIS IS THEIR LAST ACT BEFORE THEY COVER.
DTCC IS COMING OUT WITH CORPORATE NOTICE TO BROKERS SOON TODAY. THEN WE FLY TO THE TEENS AND ABOVE.

GLTA MMTLP SHAREHOLDERS

[Stockman1010101]

YEP!

[Stockman1010101]

REMEMBER,
SHORTS MUST CLOSE.
SHORTS MUST CLOSE.
SHORTS MUST CLOSE.
SHORTS MUST CLOSE.
SHORTS MUST CLOSE.
SHORTS MUST CLOSE

GLTA MMTLP SHAREHOLDERS