Meta Materials Inc (MMAT)

[Sonic Boom]

You’re still wrong but nice try.

Specifically, trades executed after December 8 would not have settled in time for the purchaser to become a holder of the MMTLP shares by December 12. The seller of MMTLP shares would still have been recorded as the holder eligible to receive Next Bridge shares as part of the corporate action distribution, and the buyer would not have been recorded as eligible to receive Next Bridge shares in the distribution. Moreover, any trades in MMTLP not settled by December 12 would have needed to be resolved through broker-to-broker processes outside of DTC, which could likely have resulted in significantly delayed delivery and FTDs, if not ongoing disputes. It also appeared likely that the MMTLP shares would be canceled by the issuer before broker-to-broker settlement occurred.

Again, Nice try, this does not address the fact that the corporate action posted on 11/30/2022 stated that MMTLP with settled positions as of close 12/14/2022 Record Date will receive one (1) share of Next Bridge Hydrocarbons was suddenly changed on 12/06/2022 to settled positions as of close 12/12/2022 Record Date will receive one (1) share of Next Bridge Hydrocarbons, Inc. for every one (1) share of MMTLP held on Pay Date of 12/14/22. Purchases of MMTLP executed after 12/8/2022 will not receive the distribution. Will not be quoted Ex. MMTLP shares will be canceled effective “12/13/2022”.

Funny how they created that little slight of hand trick, thus creating their own settlement crisis.

This also fails to mention that these two corporate actions that Metamaterials never requested and never paid for created the “settlement issue” by changing the dates. It also fails to mention anything about this being the work of “stock pumpers”.