Meta Materials Inc (MMAT)

[tw0122]

WHAT WAS DONE THAT WAS ILLEGAL AND BY WHOM? 1) FINRA allowed an untradeable dividend to trade on the OTC market without company authorization after being submitted by unaffiliated market makers. FINRA appears to have uniquely planned the U3 halt decision by drafting its own corporate action, making unscheduled revisions to it, and telling the company to go with it. Several rules were broken by FINRA to achieve this, including their own rule 6490.
2) MMTLP and the former ticker TRCH were abusively short-sold for years. The number of outstanding shares is yet to be determined but it is anticipated that the allotment of legal shares of MMTLP (165 million issued shares) was likely oversold by as much as 5x or more using counterfeit shares, often referred to as naked shorts. This means thousands of investors may have been sold millions of counterfeit shares by their broker. They may not receive anything from their investment because their sharesarenotreal. Shareholderswerepromised1-to-1sharesinthedividend,NextBridge Hydrocarbons, following the spin-off to a private company.
3) The list of Illegal activities continues to be uncovered by the MMTLP community. These include off- shore trading, trades run through “dark pools”, and counterfeit shares. Plus, collusion on a massive scale between regulatory agencies to protect the Wall Street elite at the expense of the retail investor.