@FINRA in relations to your modified Q&A regarding $MMTLP, can you provide:
1. Proof of the "coding issues"(screenshot); 2. The names of the broker-dealer(s) that relied on an exception to SEC Rule 15c2-11 to get $mmtlp to trade contrary to the instructions of the company CEOs;
@FINRA 3. The CEO's & Retail alerted @finra of $mmtlp illegally trading, why didn't @finra issue a halt to explain the situation as you did in this Q&A to "protect" investors?
4. MMTLP given to TRCH holders prior to merger with MMAT. Original S1 states MMTLP wud get divi from sale of… twitter.com/i/web/status/1…
@OptionsClearing@The_DTCC 8. Why did @finra issue the U3 halt on $MMTLP on December 9, 2022, if December 8 was the last day for it to trade?
Finra notices dated Dec 6 & 8 INSTRUCTED investors that purchases can be made after Dec 8, but in doing so, the investor will NOT receive the distribution of NBH
@OptionsClearing@The_DTCC@FINRA Now, @finra is claiming, that it issued the U3 halt to protect investors from @finra's own Instructions INSTRUCTING investors that they can purchase $MMTLP after December 8.
9. Did @finra revisions of the Dec 6 notice to the Dec 8 notice, protect the shorters @cromwellc ?
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$mmtlp "The deposit losses at JPMorgan Chase, Bank of America and Wells Fargo ($464.7 billion) are more than twice of 4,000 small banks lost in total during the same period. Their combined loss in deposits was just $210 billion."
JPM cusip # 9R33424
WF # 591994371
BOA cusip # ??
$mmtlp My thinking is:
1. I can hold indefinitely (can't speak for others)
2. NBH requested SEC comment (69 workdays ago), or else they will go on with their plan
3. SEC knows about the N.shorts; they have Blue data - ALL RADARS WENT OFF
$mmtlp 2 months ago I tweeted about the Securities Act 1933, "Section 8A(b) - hearing will be fixed between 30-60 days after service of notice INSTITUTING PROCEEDINGS to "respondent(s)"
Feb 1st, 2023- s1 amendment filed requesting SEC comment; 68 days
$mmtlp - Pg.28 10k filing by NBH on March 31, 2023:
"In computing the number of holders of record, all broker-dealers & clearing corporation holding shares on behalf of its customers, the holders of the common stock, is counted as a single shareholder....
64,000 NBH common stock holders, "INCLUDES" broker-dealers & clearing corporations as "SINGLE SHAREHOLDERS"
I interpret this to mean, if TD Ameritrade has 1000 accounts with 50,000,000 $MMTLP NBH stock, that AST has registered TDA as 1 Shareholder representing all those accounts
$mmtlp New Video - Breakdown of @FINRA Question 4 - has a lot of important info.
I've provided my understanding of what Finra is stating.
I recommend investors watch this 5 minute video & think about the summary.
I will post more info here
@FINRA $mmtlp the Federal Law that Finra may be referring to cud be Reg S and Rule 144A:
Qualified Institutional Buyer = QIB
Rule 144A provides a mechanism for the sale of securities that are privately placed to QIBs that do not—and are NOT required—to have an SEC registration in… twitter.com/i/web/status/1…
@FINRA $MMTLP I asked chat GPT about Rule 144A & Reg S:
@FINRA Exceptions for SEC RULE 15c2-11 do NOT apply to non-tradable Series A preferred Dividend shares, dividend shares which were specifically made & approved by the @SECGov for investors to receive a dividend from the sale of Oil & Gas assets which were then spun off into NBH; $mmtlp
May 28, 2021 - $TRCH submits S3 (#:333-256632) to SEC - TRCH provides the SEC with a general description MMTLP, Common Stock, Warrants, Rights, Units and let's them know they will keep info up-to-date
June 14, 2021 - @SECGov Notice of Effectiveness for 333-256632