Broken Arrow

🦋🪩🛢️🚌⚙️🔗🔥 | $MMTLP $MMAT reconciliation. Facts first. Enforce settlement. Follow the mechanics. Rabbit holes are for rabbits. Unity over outrage.

[Broken Arrow @MakerJon]

$MMTLP gets stronger when we learn to separate facts and logical inferences from speculation and fantasy.

Not silencing people, but focusing pressure where it actually matters.

[Broken Arrow @MakerJon]

@kshaughnessy2 Fraud occurred. Two executives already pleaded guilty.

Why did a case tied to a $360M fraud allegedly became untriable because evidence involving a key witness couldn't be publicly disclosed.

What was so central to the government's theory that the case collapsed without it?

[Broken Arrow @MakerJon]

@sing16888 @kimkep4796 @KnotLegaladvice Value of Lovato's #DISCO isn't proving a preconceived theory, but may be establishing what was actually discussed before $MMTLP halt. Were conversations centered on reconciliation, settlement obligations, market stability, potential liabilities, or something else entirely?

[Broken Arrow @MakerJon]

@KnotLegaladvice Is there a point at which beneficial owner entitlements must be reconciled to the issuer's actual share count, and if so, who is responsible for initiating and completing that reconciliation? $GTII $MMTLP

[Broken Arrow @MakerJon]

We don't need the media to validate every theory. We need journalists to ask the questions that market structure experts ask:

Who was short?
What failed to settle?
Who communicated w/ whom?
What changed before the story dropped?
Follow the evidence wherever it leads. #journalism

[kristen shaughnessy @kshaughnessy2]

“We’ve kind of gotten used to white-collar crime being completely normalized, so any prosecution for violation of securities law feels like selective enforcement,” said Brown”

Maybe because the financial media doesn’t talk about the need for trade settlement.

The media also doesn’t question big spikes in FTD’s, even when it has happened before a short and distort piece comes out (see @Hamnakedshorts post below)

The media also doesn’t dive into Left’s relationship with Anson Funds and ask questions about messages sent between the two.

But @stockmannnbroo does
👇
September 2025
A recap of Andrew Left's alleged involvement with Anson Fund's Moez Kassam - as Left tries to get the DOJ to drop his criminal case
https://t.co/urBLPnZcLS

@FlyEaglesFly529

[Broken Arrow @MakerJon]

Don't place your trust in would-be heroes. Pay attention to incentives, actions, and outcomes.

Politicians, influencers, and public advocates may help around the edges, but the most substantive developments come through legal, financial, and procedural processes.

$MMTLP

[Siu Singh @sing16888]

Totally agree! After 3.5 years, even the most vocal supporters, like Rep. Eli Crane, have gone quiet and no longer post about MMTLP.

The same goes for virtually everyone else, including the 100+ congressional leaders who signed letters demanding answers.

Yet here we still are.

What we’ve been hoping to get from them appears to be unfolding in the bankruptcy case instead. It’s safe to say Mr. McCabe wasn’t counting on politicians either. He never sat idle, or else we wouldn’t have the S-1 finally effective.

Trust in McCabe.

[Broken Arrow @MakerJon]

@SvenSve94307895 The most interesting question in the Meta BK is: What explanation best fits the evidence?

That’s why the trustee is collecting data from Nasdaq, FINRA, DTCC, Citadel, Virtu, and Anson.

Good investigations don’t start with answers. $MMAT $MMTLP

[Broken Arrow @MakerJon]

The question isn’t “What does DTCC know?”

What can be proven only once FINRA data, Nasdaq data, DTCC clearing data, and market-maker production are combined?

The Trustee isn’t asking for random documents anymore. She’s asking for specific datasets.

Why those datasets? $MMTLP

[MokaBlast @MokaBlast]

@kimkep4796 The DTCC utilizing stall statics - hmmmmm. I wonder who are they buying time for as they know 💩💩 about to hit the fan. Either way this favors us so no sweat. That Lovato is tenacious.

[Broken Arrow @MakerJon]

@sing16888 @kimkep4796 @thedocespo Agree with @kimkep4796 The trustee’s job is to maximize recovery for the estate, not chase the largest theoretical damages figure. #DISCO increases leverage, but at some point defendants weigh litigation risk against settlement cost.

The target optimal recovery for $MMAT.

[Broken Arrow @MakerJon]

@SvenSve94307895 Could also be curiosity.

After 3.5 years, new faces might be shareholders re-engaging, people following the bankruptcy discovery, journalists, attorneys, staffers, or folks simply trying to understand what happened.

Sometimes growing attention is just growing attention. $MMTLP

[Broken Arrow @MakerJon]

@ManOhWeather SEC reporting thresholds are based on holders of record, not total investors. A company can have thousands of beneficial owners through broker omnibus accounts and still have far fewer record holders.

That’s why people focus on the 300-holder threshold.

[Broken Arrow @MakerJon]

@sing16888 @SvenSve94307895 Healthy optimism is good. I try to stay disciplined by separating what we know from what we hope.

The S-1 approval and unresolved questions are fact. What data NBH possesses, how it might be used, and what any future resolution could look like remain open questions.

[Broken Arrow @MakerJon]

A raise doesn't resolve $MMTLP by itself but could give NBH resources to test, measure, or interact with shareholders. Meta BK #DISCO also continues probing trading + settlement mechanics.

This new structural convergence increases issuer capability and market transparency.

[MARDÜK the META(L)HEAD🤘😎🤘 @MetaGuyMarduk]

$MMTLP

If NBH just sold a quarter of the offering, they could easily pay off all their debt and still have a decent amount of cash left to play with, even on the conservative side.

[Broken Arrow @MakerJon]

@udontknowjack99 https://t.co/3oloVUMcD1

[Broken Arrow @MakerJon]

NBH can now pursue capital formation openly while Meta BK #DISCO continues examining trading, settlement, and market structure issues on a separate track. 🦋

Now we watch:
demand, transfers, liquidity pathways, distributions, and custody obligations under real pressure. $MMTLP

[Broken Arrow @MakerJon]

@Invest_wPurpose I think you’re mixing together 2 different “Series A” securities.

Our original Torchlight Series A Preferred dividend became NBH common shares in Dec 2022.

The S-1 language about repurchasing Series A Preferred refers to the separate Panther Bridge financing preferred from 2025

[Broken Arrow @MakerJon]

NBH can now pursue capital formation openly while Meta BK #DISCO continues examining trading, settlement, and market structure issues on a separate track. 🦋

Now we watch:
demand, transfers, liquidity pathways, distributions, and custody obligations under real pressure. $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

[Broken Arrow @MakerJon]

@JunkSavvy Our strongest position was never “be louder.”👇

🦋 Trustee builds damages
🛢️ NBH maintains finite-share integrity
📣 $MMTLP builds an evidence-based historical record no one can dismiss.

When all 3 converge long enough, settlement pressure stops being a social-media argument.

[Broken Arrow @MakerJon]

@1oftheGoodguyz @chow30489889832 @Maximus711474 Probably as long as they can without risking court sanctions or losing credibility with Judge Spraker.

But I have to remind myself that not every delay = cartoon villainy. Large regulatory data productions under protective order are genuinely complex. #ThievesGuild

[Broken Arrow @MakerJon]

@1oftheGoodguyz @chow30489889832 @Maximus711474 No disagreement from me. The real signal is that the Court viewed delay as important enough to address at all.

[Broken Arrow @MakerJon]

$MMTLP retail is procedurally weak:
🧩 fragmented claims
🛡 regulatory immunity
📜 BD arbitration walls
So our best strategies must be the hardest to quash:
📚 build clean evidentiary archives
⚖️ pressure reconciliation/disclosure mechanics
🧠 elevate sober, expert-level analysis