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.
We have recently obtained emails through a FOIA request which serve as evidence that FINRA AND THE SEC were aware of the issue as early as November 2021 and failed to take appropriate action.
In fact, these emails state very clearly that they were indeed aware of the bluesheet data prior to FINRAs corporate actions which preceded the halt. If this is not collusion, I do not know what is.
The very regulators that have been put in place to protect us have grossly failed their obligations to do so. The magnitude of this negligence poses a serious risk to our financial market stability and national security.
I emplore the honorable congressman/woman to take this issue very seriously and I am looking forward to hearing back in regards to actions they will be taking. You can reach me at ___-___-_____ .
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.