PRINCO

Princo

[PRINCO @EvroFilip]

@CroatiaFooty Sta ce momci se druze.

[PRINCO @EvroFilip]

@udontknowjack99 Lent out shares have to pay a borrow fee, they should have been paying for the past 3.5 years!!!! #Mmtlp

[PRINCO @EvroFilip]

#mmtlp

!!!!!!!!!!!!!

[Next Bridge Hydrocarbons @nbhydrocarbons]

Next Bridge Hydrocarbons Announces SEC Declares Effective its S-1 Registration Statement

Company prices and commences a public offering of 40 million shares

https://t.co/2hO7KuPeJJ

[PRINCO @EvroFilip]

@nbhydrocarbons Incredible!!!!!!

[PRINCO @EvroFilip]

Omg, can it be!?!?!? If it is YES!!! Finally!!!!

@JunkSavvy @bleedblue18

#MMTLP

[CPLANT @TheTrndisuFrnd]

BE ON THE LOOKOUT FOR AN EXCITING PR!!!!!!!!!! FINALLY!!!!!!

[PRINCO @EvroFilip]

#MMTLP

[JunkSavvy @JunkSavvy]

💥BOOM💥BOOM💥and...BOOM!!!💥
Judge orders DISCOVERY on CITADEL, VIRTU & ANSON FUNDS. Meta Materials's BK Judge Straker rules trustee CAN OBTAIN stipulated TRADING RECORDS, but with PROTECTIVE ORDER LIMITATIONS.

SEE DETAILS BELOW👇👇👇

Epic BITCHSLAPS delivered. Count 'em...one👋...two👋and...three!!!👋

They cannot stop what is coming!!! #Relentless #LockIn
MMAT MMTLP TRCH

FULL DOCUMENTS HERE VIA @kimkep4796 : https://t.co/1xcDC4GHzF

[PRINCO @EvroFilip]

#MMTLP

Another one!!!

@JunkSavvy @bleedblue18

[KKep @kimkep4796]

🦋⚖️ $MMAT / $MMTLP — Meta Materials Inc.
⚖️ U.S. Bankruptcy Court, District of Nevada
📄 ORDER ON MOTION TO QUASH
📅 Filed: May 27, 2026
⚠️NLA

🚨 BIG PICTURE — WHAT JUST HAPPENED?

Judge Gary Spraker just issued a MAJOR ruling against:

🏢 Citadel Securities
🏢 Virtu Financial
🏢 Anson Funds

These firms tried to QUASH (block) the bankruptcy trustee’s subpoenas seeking trading data tied to:

📈 $MMAT
📈 $TRCH
📈 $MMTLP

The Judge said:
❌ The subpoenas are NOT being fully thrown out.
✅ The trustee CAN obtain important trading records.
⚠️ BUT there will be strict protective-order limitations.

⸻
🧠 LAYMAN’S TERMS

The trustee believes there MAY have been market manipulation or wrongful conduct connected to Meta Materials trading activity.

The trustee is trying to determine:

🔍 Was trading activity harming the company?
🔍 Did it impact fundraising?
🔍 Did it damage the bankruptcy estate?
🔍 Are there potential legal claims worth pursuing before statutes expire?

The Judge basically said:

“The trustee has the right to investigate.” ⚖️
⸻
📌 THE COURT EMPHASIZED RULE 2004 IS VERY BROAD

The Court repeated that Rule 2004 examinations are basically:

🎣 “Fishing expeditions”
📂 Broad investigative tools
🔎 Used to uncover wrongdoing or estate assets

The Judge cited multiple cases saying trustees can investigate third parties to determine whether wrongdoing occurred.
⸻
🚨 HUGE PART — THE COURT ACCEPTED THE TRUSTEE’S THEORY ENOUGH TO ALLOW DISCOVERY

The trustee identified:
📊 11 separate “events”
where Meta or Torchlight allegedly:

💰 Sold treasury shares
📉 Issued dilution
📈 Raised capital
📄 Issued warrants/acquisition stock

during periods where the trustee claims trading manipulation may have affected pricing.

The Non-Parties argued:
❌ “Meta wasn’t actually selling into the manipulated market.”
❌ “The trustee lacks standing.”
❌ “This is too speculative.”

Judge Spraker was NOT persuaded enough to stop discovery. 👀
⸻
⚠️ VERY IMPORTANT — THE JUDGE DREW A LINE

The Court said:
🛑 This is NOT the stage where the Court decides whether Citadel/Virtu/Anson actually committed wrongdoing.

Instead:
✅ The trustee only needs enough justification to INVESTIGATE whether viable claims might exist.

That distinction matters A LOT.
⸻
👀 THE JUDGE ALSO SHOWED SOME CONCERN

This part is important.
The Court acknowledged concerns that:

⚠️ The trustee’s special counsel is involved in OTHER securities litigation against Citadel and Virtu.
⚠️ Rule 2004 discovery cannot simply become a shortcut for outside litigation.
⚠️ Discovery should benefit the bankruptcy estate — not unrelated lawsuits.

So the Judge imposed guardrails.
⸻
🔒 PROTECTIVE ORDER INCOMING

The Court ordered the parties to negotiate a STRICT protective order.

That order must:

🔒 Limit use of produced data -THIS bankruptcy
🔒 Limit use to trustee-related litigation
🔒 Restrict dissemination of data
🔒 Restrict access to trustee + approved professionals only

🚨 RESPONSE DEADLINE:
📅 June 18, 2026 — Protective order must be submitted to the Court.
⸻
🚨 BIGGEST DEADLINE OF ALL

📅 JUNE 25, 2026
The Judge ordered Citadel, Virtu, and Anson to PRODUCE:

📊 Market-wide trading data
📈 For the 161-day schedule identified by the trustee
📂 Under the Rule 45 subpoenas
unless modified by the protective order.

That is the MAJOR headline here. 🚨🚨
⚖️ WHAT THIS MEANS PRACTICALLY

The trustee now gains access to a significant amount of trading data that the Court believes may help determine:

🧩 Whether viable claims exist
🧩 Whether wrongdoing occurred
🧩 Whether the estate suffered damages
🧩 Whether litigation should be filed before limitation deadlines

This does NOT mean:
❌ Anyone has been found liable
❌ Manipulation has been proven
❌ The trustee automatically wins anything
BUT…
✅ The investigation survived.
✅ Discovery survived.
✅ The Court largely sided with allowing investigation over shutting it down.

SIGNIFICANT legal victory for the trustee!

[PRINCO @EvroFilip]

#mmtlp

https://t.co/Lu9J1mwjql

[PRINCO @EvroFilip]

@SvenSve94307895 @spaceghostRL I had a thought, could you tell me your thoughts about this. The SEC doesn't want to approve the S1 because the initial overage has not been reconciled and if the SEC approves the S1 they will be doing the same thing to the accredited investors like they did to us.

[PRINCO @EvroFilip]

Lets go!!!!

@JunkSavvy @bleedblue18

@MMTLP

[KKep @kimkep4796]

MMAT | In re Meta Materials Inc. | Case No. 24-50792-gs | Doc 2820 | Filed May 27, 2026
Order Granting in Part and Denying in Part FINRA’s Motion to Quash Trustee Subpoenas

⚠️ Not Legal Advice

The big picture

This is a major discovery win for the Chapter 7 Trustee.

Judge Spraker basically said:
“FINRA, you do have to turn over important trading/manipulation-related data. But there are limits, and the trustee has to pay certain production costs.”

This order is directly tied to the trustee’s investigation into potential manipulation of Meta stock (MMAT / TRCH / MMTLP).

⸻
What happened in plain English

FINRA tried to block the subpoenas

FINRA asked the court to either:

Kill the subpoenas entirely (motion to quash) OR
Narrow them significantly via protective order.

The judge said:

Not entirely. Some yes. Some no.

Hence:

“Granted in part, denied in part.”

⸻
What the Trustee WON 🥇

1) Short Interest Data — PRODUCE IT

FINRA must turn over reported short interest data.

That includes:

TRCH + MMAT

Sept. 21, 2020 → Aug. 21, 2024

MMTLP

June 28, 2021 → Dec. 14, 2022

Layman’s meaning:

This shows what broker-dealers were reporting as short positions.

This helps answer:

Was short interest unusually elevated?
Did reported short positions match actual market behavior?
Were there anomalies around key events?

⸻
2) TRF Data — HUGE 🧨

FINRA must produce Trade Reporting Facility (TRF) data.

Same date ranges.

This is likely one of the most important parts of the order.

Why?

TRF captures off-exchange / OTC reported trades, often associated with internalized trading / market maker activity.

Layman’s translation:

If the trustee is investigating alleged manipulation, this is where some of the most meaningful footprints could live.

Judge even ordered:

FINRA must expedite production due to time pressure.

That’s important.

⸻
3) Reg SHO Daily Short Sale Volume Data

FINRA must produce this too.

Same date ranges.

This helps show:

Daily short sale activity
Short-sale patterns
Whether activity spiked during sensitive periods

Not proof of wrongdoing by itself.

But valuable puzzle pieces.

⸻
Timing priority (important) 👀

📆FINRA agreed to prioritize production in this order:

MMAT 2023
MMAT 2024
MMAT 2022
MMAT 2021
Then TRCH
Then MMTLP

Why that matters:

The trustee likely wants the most actionable data first given statute/time pressure.

⸻
Judge explicitly referenced manipulation investigation

This is a key line.

Judge ordered FINRA to move quickly because of:

“potential manipulation of Meta stock.”

That’s notable.

This is not a finding that manipulation occurred.

But it confirms the court recognizes the trustee’s investigation as legitimate and time-sensitive.

⸻
Requests put on HOLD (not denied yet)

Requests 4–5:

Monthly OTC Summary Report Data
Weekly OTC Summary Report Data

Judge said:

Let’s wait.

Reason:

The trustee may get enough from Requests 1–3 first.

If more is still needed, the parties must meet and confer.

If they still fight, they can come back to court.

Translation:

This door is still open.

⸻
What FINRA WON

Requests 6–9 were QUASHED entirely.

Meaning:

FINRA does NOT have to produce whatever those categories were seeking.

So this was not a total trustee sweep.

⸻
Costs — trustee pays

Because FINRA is a nonparty, Rule 45 cost protections apply.

Meaning:

If producing the data is expensive or burdensome:

the trustee pays the production costs.

This matters because FINRA had argued massive burden.

The judge basically said:

“Produce it—but the estate can shoulder the cost.”

⸻
Protective order remains in place

Anything produced stays under the existing protective order.

Meaning:

This data is not automatically public.

It’s controlled discovery material.

So no—this does not mean shareholders get to immediately see raw trading records.

[PRINCO @EvroFilip]

@DavidDi49963202 @Giftsonglass Also if you take out 165 million from that it leaves them with approximately 4 billion oversold.

[PRINCO @EvroFilip]

@DavidDi49963202 @Giftsonglass Yup same number i came up with.

4.068965517 BILLION

[PRINCO @EvroFilip]

@SittingBear0921 If you are saying the market determines value...

Lets start with the "Too late to cancel orders that went through and then backed out by the brokerages" while there was a open market.

Remeber what the price were for those.....

#MMTLP

[PRINCO @EvroFilip]

Are brokerages front running the S1 ?

#MMTLP

[JunkSavvy @JunkSavvy]

🚨 WEBULL/APEX CLEARING OPENS TRANSFER WINDOW TO TRANSFER YOUR $MMTLP/#NBH SHARES TO AST/EQ.
💥Transfer window open between now and June 19, 2026. Electronic transfer fee $115. Certificate fee $235. 4 Options for transfers below:

OPT #1: NEXT BRIDGE HYDROCARBONS TSF & SHIP (Certificates)
OPT #2: NEXT BRIDGE HYDROCARBONS ELECTRONIC SHARES
OPT #3: NEXT BRIDGE HYDROCARBONS IRA TSF & SHIP (Certificates)
OPT #4: NEXT BRIDGE HYDROCARBONS IRA ELECTRONIC SHS

💥IF NO INSTRUCTIONS ARE RECEIVED TO TRANSFER AND SHIP, YOUR SHARES WILL CONTINUE TO BE HELD IN STREET NAME. THE NEXT BRIDGE HYDROCARBON INC. SHARES ARE CONSIDERED 'PRIVATE' SECURITIES. APEX CANNOT THEREFORE HOLD YOUR SHARES IN CUSTODY. REGISTERED TO THE CLIENTS.

FOR IRA ACCOUNTS:
IRA DISTRIBUTION (BOTH)
REQUEST FORM P1074
IRA DISTRIBUTION (TRADITIONAL, SEP AND SIMPLE)
REQUEST FORM 60639

💥“Be advised that the processing fee for electronic delivery is $115, and the delivery fee is $235, if you would like to physicalize this certificate…Please ensure that your cash balance has sufficient settled funds to cover the fee.”
MMTLP MMAT TRCH
@WebullGlobal
@apexfintech
@nbhydrocarbons

[PRINCO @EvroFilip]

@Maximus711474 Is T212 frontrunning the S1 and the $15.00

#mmtlp
@JunkSavvy @bleedblue18

[PRINCO @EvroFilip]

@SamsUxyyeah Shouldn't T212 be sharing the S1 information and the $15 to their holders.

#MMTLP

[PRINCO @EvroFilip]

#MMTLP

[Kurtis @bleedblue18]

@JunkSavvy Guess their custodian 🤓

Answer: Interactive Brokers

Notice the communications regarding MMTLP shown below prior to the halt from both Interactive Brokers and Trading 212.

[PRINCO @EvroFilip]

@udontknowjack99 Jack pitch for fox can maybe be a correlation with DJT they used the letter with signatures from all the senators

[PRINCO @EvroFilip]

@MrBeast $1,000,000

[PRINCO @EvroFilip]

@sungleeiq done