A new player entered the arena…
Check out the recent docket entry…
JANE STREET GROUP LLC
MMATQ
Meta Materials, Inc. Bankruptcy (Case No. 24-50792-gs)
Filings: 04/23/2026 | Docs 2714–2717
🚨 What just hit the docket (very simply):
Doc 2714 & 2716 → Out-of-state attorneys asking to appear (pro hac vice)
Doc 2715 & 2717 → Local counsel designated
Client: Jane Street Group LLC 👀
👉 Translation: Jane Street just lawyered up and formally entered the case.
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🔎 What this is an indicator of
This is not routine noise — it’s a signal:
A major non-party (or future defendant) is preparing for a fight
They expect real exposure (subpoena → litigation path)
This often happens right before or right after serious discovery pressure
Given the Rule 2004 posture, this lines up with:
👉 “We’re no longer watching — we’re defending.”
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🧠 What likely happened behind the scenes (hypothetical)⬅️⬅️
Trustee’s team:
Sent preservation letters / informal outreach
Or is lining up expanded subpoenas / data requests
Jane Street:
Realizes this isn’t going away
Brings in specialized litigation counsel (not local)
Prepares for:
Motion practice (quash/limit)
OR future adversary proceeding (lawsuit)
💡 This step usually means internal conclusion:
“We could be directly in the crosshairs.”
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⏭️ What to expect next
Very near-term:
Possible appearance in hearings (watch May 7 funding hearing closely)
Coordination with other players (Citadel / Virtu type posture)
Next phase:
Pushback on discovery scope (burden, privilege, CAT data, etc.)
OR quiet early positioning for settlement leverage
Longer-term:
If trustee gets data → targeted complaint could follow
First movers sometimes:
Settle early
Or try to shape the narrative before suit is filed
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🎯 Bottom line
This is a “new player enters the arena” moment — but not casually.
👉 When a firm like Jane Street files pro hac vice:
They’re not browsing the case… they’re preparing for impact.
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⚠️ Not Legal Advice
@johnbrda Why can't we sue FINRA to enforce the December 6, 2023 corporate actions? Ask a judge to make the regulatory authority execute their own ruling.
@bioquestcorp How about doing an old-fashioned merger absorbing all of TONR? Issue new stock at an exchange rate of 1000:1, that's a fair price and it gives BioQuest (or Botmakers, whatever the name becomes) a roughly 10 million share float, an ideal number to be at.
@jongreat792@therealttd He's the new CEO of BioQuest. BQST/botmakers merger was finalized Wednesday (Mar 22) and Trent was named the CEO of BioQuest. He didn't link the article here, but we have the link at TONR in Stocktwits.
@therealttd Trent, why not absorb all of TONR and issue new stock fer Crissakes. You could divy up 7.8 million shares BQST for the existing 7.8 billion TONR and turn BQST into an actively trading stock. There's no better way to do it.
@therealttd okay, that's now four straight months without even a tweet. Today, I own 81,300,000 TONR shares. I understand that BQST is probably on a marketing blitz and is expanding and the TONR merger will just have to wait, but I don't understand the absolute communication blackout.
@therealttd So, it has been 3 months since you posted this, how is it selling? Can TONR shareholders expect to profit from it? It has been over 3 months since you said you would be doing the bqst/tonr merger "real fast". Any update? I own 80 million TONR shares.
@JRC_Stocks MMTLP was the biggest crime in stock market history.... Rubenstein, the billionaire owner of GTS Securities, disappeared two years ago after naked shorting MMTLP. The stock was halted when it began to squeeze to the moon... it still has not resumed trading.
@JRC_Stocks wow, I am sorry to hear that. The thing is, TONR has 7,800,000,000 outstanding shares, so that makes for a huge number of shareholders. And since this stock has been stuck at bottom for nearly a decade, that makes for a lot of frustration. But it shouldn't be directed at you...
@therealttd No huge AI driven news, today? It really messes with us day-traders, when nothing happens, we get burned bad from that. I own 71,584,000 shares of TONR, I've been with you for 3 years now, lost a lot of money, it would be nice to see you guys finally come through.
@TonnerOWInc Are these products the result of collaboration with soon-to-be merged AI corp Bioquest?
Inquiring shareholders have been waiting for 9 months, is it time yet?
Even if you weren’t in this play it should scare the hell out of you. @FINRA colluded with hedgefunds and literally turned off the ticker. It’s a fucking joke and a travesty. This will happen with any ticker they want to “protect” retail (really shorts) from #MMTLP $MMTLP