Y’all should be embarrassed by Charles utter lack of professionalism. He is a direct reflection of @FoxBusiness. What type of panelist makes fun of investors who were stripped of their property rights December 9, 2022? Wouldn’t see @cvpayne or @MariaBartiromo represent like this
@BillEigel All property tax. The state doesn't pay maintenance for my property, then why are they entitled to it if i do not pay a fee? It's ridiculous.
@DLHoskins Real question. What do Missourians do to get ahold of you? Multiple messages and emails, i even hand wrote a letter to you with no response to any attempt to have a discussion.
@AnnLWagner 👀👇 Is this why you wont act on regulator collusion against MMTLP investors?? Too busy covering for Wallstreet crooks i guess. Ann Wagner works for Wallstreet. #WallstreetWagner
@kimkep4796 Finra may not have been honest to judge Gary Spraker. Their AWS storage costs millions per year for easy data retrieval . If they try to lie on the data, let it be known, shareholders have submitted certified data from brokers to the trustee and share Intel has a ton of data.
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?
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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.
An owl can eat over 1,000 rodents in a year. If you poison the rodents, you poison the owl. And almost every raptor in the US is already being poisoned.
A 2020 Tufts Wildlife Clinic study found that 100% of the red-tailed hawks they tested were positive for anticoagulant rodenticides. Every single bird.
A follow-up study of 46 hawks, owls, foxes, and coyotes from a Massachusetts rehab center between 2022 and 2024 found the same thing: 100% had been poisoned.
Rat poison works by preventing blood clotting. The rodent doesn't die immediately. It bleeds internally for days, becomes lethargic and easy to catch, and gets eaten by something hungry. The poison moves up the food web in their gut, their liver, their carcass. A single bait box can take out an owl, a hawk, a fox, even a bobcat.
The pests you're worried about (mice, rats, voles) are the same pests an owl can take 1,000 of in a year, for free, forever, if you let her.
Use snap traps indoors only away from pets. Seal the entry points and lock food away. Put up an owl box. Keep cats inside (they get poisoned eating poisoned rodents too).
Rat poison sales need to drop to zero.
@AGCHanaway@WHFraudTF How about securities fraud @DLHoskins ? Why is our government not working for the people of Missouri who bring big problems to them? You people won't even have a discussion! It freaking ridiculous.
Tuesday Show: Marcus Carey joins us to talk Kentucky politics, Thomas Massie and the divide between Millennials and Boomers that swung the election.
See ya at 9:00 a.m. tomorrow 👇🏻