1/10 Thank you @denniskneale for your timely article backed by the March 2025 research working paper "Reg SHO at Twenty". I read the 81-page paper by John W. Welborn, PhD in Economics, who works at Dartmouth University. He is a well-published academic with a proven track record in financial markets research, particularly on short selling and Regulation SHO (Welborn's other research is available here: faculty-directory.dartmouth.edu/john-w-welborn) . There is a two-decade failure to enforce fair market rules, failures that mirror and explain the unresolved issues behind a number of stocks, including $TSLA $DJT $MMAT $MMTLP and many, many more. Here is my take and opinion... 2/10 The Never-Ending (Naked) Short - How Reg SHO’s Farce Fuels Trainwrecks [opinion]:

ETFs like $XRT saw FTDs peak at $418M and short interest as high as 699% of float, yet the SEC seems to have taken no action for years (Welborn, 2025, p. 27)...

If British bureaucracy is a masterclass in delayed gratification, America’s Regulation SHO is a Kafkaesque circus where the clowns run the show.🤡

Welborn’s damning paper, exposes two decades of regulatory theater...a saga of loopholes wider than the Atlantic, “reforms” that reformed nothing, and settlement failures so brazen they’d make a loan shark blush.

1/ Breaking News🚨56-PAGE FOIA DOCUMENT:
In the next few posts, I will be sharing and unpacking a 56-page document released under FOIA
- It includes SEC’s own emails (by Washington senior policymakers directly under Gensler - NOT enforcement), strategic coordination with Congress BEFORE enforcement actions, timelines, and narrative control around Meta Materials Inc. and $MMTLP.

I encourage everyone and particularly the media, to look into the context of these emails, the names involved, timelines etc. Public debate is the cornerstone of democracy and your protected 1st Amendment right.

This post contains personal commentary and PUBLIC RECORDS. It does not constitute legal advice or assert any confidential information. All source documents were lawfully obtained.

#MMTLP #MMAT #Ripple #Coinbase #DJT
@cvpayne @EleanorTerrett @MariaBartiromo @Public_Citizen @kshaughnessy2 @fnez_blogger @DanNewsManBall
Are you ready? Let's begin....
2/ DOWNLOAD the 56-page PDF FOIA document here: dropbox.com/scl/fi/2i9i57j…

Who in the SEC knew? And when?
Did the SEC pre-brief a U.S. Senator about the MMTLP case, before any enforcement?

Emails now confirm that MMTLP was on Commissioner Uyeda's office's "hot-topic" list, tied to my former company (@Metamaterialtec) and the infamous @FINRA U3 halt.

Taylor Asher is the Policy Advisor & Confidential Assistant to Commissioner Mark Uyeda. This isn’t just some intern. Taylor Asher advises an SEC Commissioner. In July 2023, she flagged #MMTLP as a "hot topic" before a Senator meeting. Who else knew?

I’m sharing this document so that the public and retail investors understand how intertwined these issues have become. This is not about MMAT/MMTLP. This is about accountability.

I get asked by young #entrepreneurs what is the cost and the output of R&D activities and how long would it take to reach certain milestones? There is considerable variability in the amount of investment in R&D needed to generate a patentable #invention 1/7 🦋 When we started @Metamaterialtec with @timaras we found that #IBM spent about $6 billion on R&D in 2011 and generated 6,146 patents, implying an average R&D cost per patent of $976,000. At same year #Qualcomm, spent $2.3 billion on R&D and generated 1,000 patents, 2/7 🦋