To understand the magnitude of this whole situation, one must understand all variables, including you @FINRA!
The amount of $MMTLP short interest is DIRECTLY TIED TO $TRCH (now $MMAT) common stock that was short going into the merger back in June of 2021.
And to preface this whole thing let's just remember one, very, VERY IMPORTANT FACT! @nbhydrocarbons is a PRIVATE... non-trading, publicly REPORTING company.
LISTEN CLOSELY!
The pandemic caused a lot of O&G tickers to suffer tremendously, including $TRCH after Crude Oil fell off a cliff which at one point hit -$40.32 a barrel.
I'm assuming the shorts were trying to delist $TRCH to scoop up the assets for pennies.
In Dec 2020, $MMAT agreed to take over $TRCH's ticker on NASDAQ which was a complete 180 on the business model, turning an O&G exploration co. into a revolutionary Material Sciences co. that would spin off the assets.
The shorts' plan to delist $TRCH backfired completely.
Whatever you owned of $TRCH before merger, you'd get 1 share of the dividend per share of $TRCH (1:1). That means if you were short $TRCH common stock, you were on the hook for a dividend share, per share short.
What also played into the short interest of $TRCH was blatant hit pieces such as this.
$TRCH was called a memestock because of their past and the assets were not even talked about.
They were "just another small company in the Permian". This is misleading & disingenuous.
1 day prior - 6/21/2020 - An investment bank attempted an offer at purchasing the assets, $500M valuation which if calculated based on the float size of 165,523,363 shares, would be $3.02 per share.
This value will be important later, and yes, it was swiftly rejected by $MMAT.
There were also adjusted options contracts that were created and we believe it was this and the language within the dividend filing "electronically transferable" which was how $MMTLP was able to be listed.
After the #algorithm wiped out a bunch of calls, including the big chain expiring Friday August 20, 2021, the shorting stopped. The following Monday the 23rd, it began to soar. As it was beginning to recover and attempt to push higher, $MMTLP hit the market in early October, 2021
October 7th, 2021 $MMTLP opens at $0.10 and quickly rockets to $3.00 bouncing right off that offering price ($500M from unnamed IB)
In hopes of causing retail to panic and sell their rights to the assets, what ended up happening was the opposite. Retail started buying more.
$MMTLP was listed without authorization of $MMAT. We have reason to believe the market makers who were involved in the listing were Canaccord Genuity and GTS Securities. This will come up again later in the thread.
7/15/2022 - $MMAT releases first S-1 to take $MMTLP (Oil Co.) private into "Next Bridge Hydro Carbons", after 2 amendments the price started to soar in anticipation of shorts being required to close.
After the final S-1 was approved and became 'effective' CEO of $MMAT @palikaras doubled-down on what was said in the document being VERY SPECIFIC what @FINRA was suppose to state in the corporate action, with ample notice.
See corporate actions below.
Days went by before @FINRA issued the corporate action. With the air thick with uncertainty and gaps in the chart to fill, I noticed it started to strikingly resemble that of Volkswagens run before the squeeze. I prepared myself for a big shakeout before the final pop. #algorithm
12/6/2022 - @FINRA finally releases the corporate action for $MMTLP. Not only did the corporate action not coincide with what $MMAT stated, the language was opaque in nature and duplicitous, AT BEST!
I.e. What is stated in the corporate action contradicts itself.
12/7/2022 - VP of OTC Markets, Jeff Mendl was on TraderTV live and used language that differed from what the corporate action said. He said the ticker would be 'deleted'. They also mentioned it would probably see "MORE VOLUME" in the coming days.
I would like to note this language used by Jeff Mendl will be given context further down the thread.
12/8/2022 - No more than one day later, @FINRA revised the corporate action and changed the language. It was still OPAQUE IN NATURE & DUPLICITOUS, AT BEST!
Why were they trying to cancel the ticker instead of delete it?
They were clearly attempting to manipulate the transaction.
Going back to Jeff Mendl + screenshot earlier in the thread. I have a theory that GTS Securities and Canaccord Genuity were directly involved with the initial trading of $MMTLP and that Jeff Mendl KNEW it was going to be halted. If he did, his statements on TV were harmful lies.
Here is Jeff Mendl golfing with Bernie Robinson of Canaccord Genuity, whom he still works with!
Due diligence courtesy of @RareDealsHere - Thank you!
Also check out the sponsors... the collusion runs SO DEEP! *facepalm*
I honestly can't think of a better way to breed collusion. Firms donate to STANY for "recognition", some or all of it goes to a good cause! A little bit of alcohol, overnight ski trips, then it's back home to look out for retail. $MMTLP #STANYFraud@FINRA @SECGov#FinraFraud
12/9/2022 - Before the market opened, @FINRA issues a #U3halt stating that an "Extraordinary event" had occurred.
It's been over 100 days & we still have no $, no shares & DEFINITELY no explanation as to what the "Extraordinary event" was.
...and ever since we've been battling with FINRA, the SEC, our brokers, the AST(transfer agent) and ombudsman(s) of all kinds to get answers and a resolution while being stonewalled at every front!
THOUSANDS OF FAMILIES HAD THEIR CHRISTMAS OBLITERATED AND ARE STILL HURTING!
2/6/2023 - CEO of OTC Markets goes buckwild & SPILLS ALL KINDS OF BEANS! He openly admits to shorts in Nextbridge (which can only be possible due to shorts stuck in $MMTLP) He then says the only resolution is for @nbhydrocarbons to go public!
Nothing indicates that $NBH will be going publicly anytime soon to resolve this issue.
It would also not be possible to resolve a liability of a short preferred stock with a common stock.
The rights to stock in the company is NOT the stock in the company. @cromwellc 😎
They even attempted backdating their D1 code and covering up that the halt was never lifted in December. Here is a screenshot showing the U3 halt CURRENT IN FEBRUARY OF THIS YEAR. They didn't expect us to stay ontop of their shenanigans!
They released a statement recently claiming that it was due to a coding error.
Up until March they were saying the ticker was deleted; they never mentioned a coding error to explain the "CURRENT" status on the #U3halt of $MMTLP.
Months into trading... and months leading up to the closing, brokers were FINALLY sending out emails warning that there was an issue... kind of odd, no?
Telling people to transfer or sell. I told them to kick rocks because there was no record date set yet.
and I told them if they even tried to charge me tax on this "PLACEHOLDER" that I would be taxed at 50% of the FMV "WHEN" it became non-qualified. It opened at $0.10... ok so'd I'd MAX pay $0.05 cent per share in taxes... COOL!
And even then... I would appeal it to the CRA. It was a placeholder that had no value and no intent to trade. It was made tradeable against the company's wishes and without their authorization.
All I know is that I know what I'm holding.
I'm holding 134k acres of untapped land in the Permian basin, with anywhere from 3.2B-5B barrels of sweet crude, up to 8T cu. ft. of LNG, bi-products like helium, undiscovered minerals & a MASSIVE sweetwater aquifer ONSITE! 💰💰🤑💰💰
The information has been out there & reputable people are involved. Yes, in the past, with older extraction technology, the Orogrande was not a realistic investment.
Extraction technology has greatly improved and the Orogrande project is now a prime candidate for a bidding war.
And to prove to you that infinite risk does indeed exist, here is a screenshot of my broker ACCEPTING my sell limit of... yes... you're reading that correctly..
$999,999.99.. PER.. SHARE!
@dlauer is a foremost expert that provides testimony in federal court regarding nefarious stock market activity and is also an advisor to @FINRA, HIMSELF!
He publicly called out FINRA to fix this $MMTLP debacle in this tweet thread. The facts are on our side and IRREFUTABLE!
Screenshot of $MMTLP's ticker tape at the close of Dec 8th.
505 = market maker signal for "Short on Shares / Save our Souls"
When we had them they cried to daddy...
Lest we forget.
$MMTLP @nbhydrocarbons
I've been getting a little tired of hearing our investment being called a meme.
I'm also tired of hearing people bashing NBH. I truly don't think people are grasping the magnitude of the asset.
I understand you're suffering, but heal through knowledge.
If you do your research you will find quite a bit of these disingenuous articles.
Sure.. there will be less demand for O&G for transportation purposes (not really, but ok) but it will just be replaced with O&G for OTHER purposes. gep.com/blog/mind/how-…
Disclaimer: This thread is not financial advice.
It is 100% my opinion, speculation and for educational and informational purposes only. Do your own due diligence.
That being said, let's connect some dots shall we?
@FlavioVolpe1 is the lead at @APMACanada.
I noticed he posted the other day about something BIG going on here in my neck of the woods.
4-21-2023
VW getting $13B in subsidies from the Canadian government to secure 185,000 sq. m. (2,000,000 sq. ft.) Gigafactory in Eastern St. Thomas, Ontario.
Hello, my name is Marduk and I am calling in regards to the horrendous situation surrounding stock symbol $MMTLP. It was a placeholder dividend that was made tradeable against the wishes of the issuing company and allowed to trade for 14 months on the OTC markets.
5 days before it was supposed to go private, FINRA halted it due to what they referred to as an extraordinary event.
It has been 115 days and thousands upon thousands of investors around the world have neither their money, nor proof that in fact they have their shares in the private company.