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Re: trader59 post# 3436

Thursday, 12/08/2022 8:55:48 PM

Thursday, December 08, 2022 8:55:48 PM

Post# of 4848
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."
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