Replies to post #3614 on Meta Materials Inc (MMAT)

[trader59]

Once again, hogwash. "Naked shorty" is just a myth, a scapegoat for pumpers who dumped for profit. The folks who pushed the short squeeze narrative are con artists and the only ones who committed fraud.

See this in Meta's 10K? It isn't what they just busted those other pumpers for. It means they're looking under the hood of the reverse acquisition. I'd bet they'll pull the string on how the shares started trading in the first place and continue to the present day pump and dump.

Ongoing Government Investigation by the SEC

In September 2021, the Company received a subpoena from the Securities and Exchange Commission, Division of Enforcement, in a matter captioned In the Matter of Torchlight Energy Resources, Inc. The subpoena requests that the Company produces certain documents and information related to, among other things, the merger involving Torchlight Energy Resources, Inc. and Metamaterial Inc. The Company is cooperating and intends to continue to cooperate with the SEC’s investigation. Investigations of this nature are inherently uncertain and their results cannot be predicted. Regardless of the outcome, the SEC Investigation has had and may continue to have an adverse impact on the Company because of legal costs, diversion of management resources, and other factors. The SEC Investigation could also result in reputational harm to the Company, which, among other things, may limit its ability to obtain new customers and enter into new agreements with its existing customers, or its ability to obtain financing, and have a material adverse effect on its current and future business, financial condition, results of operations and prospects.