Ray Dhanraj🐉

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

📣📣JUDGE GRANTS HEARING DTCC SUBPOENA COMPLIANCE 🔥🔥🌶🌶

The Judge in the MMAT MMTLP Bankruptcy case has granted the hearing.
Regarding the DTCC subpoenaed records they haven't complied with.

The trustee is this case is awesome, a real blessing 🙏

Hearing set for June 16th, 2026
9.30am

[KKep @kimkep4796]

📌 MMAT | MMTLP | TRCH
Meta Materials Inc. Bankruptcy
Case No. 24-50792-gs (Chapter 7)
Document No. 2870
Filed: June 12, 2026

⚖️ Summary:
Judge Gary Spraker granted the Trustee’s request for shortened time, allowing an expedited hearing regarding DTCC subpoena compliance and protective order administration. The order does not decide the DTCC dispute itself—it simply puts the matter before the Court on an accelerated schedule.

🚨 HEARING SCHEDULED:
📅 June 16, 2026 💥
🕤 9:30 AM PT
💻 Remote Zoom Hearing

⚠️ Not Legal Advice. For informational and entertainment purposes only.

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

After reporting on #MMTLP my knowledge base expanded on more criminal activities that yet other agencies - the SEC and FINRA - have committed against we the people. As an investor myself, I am furious. As a patriot that recognize we are not operating a constitutional republic, I am furious. Time to expose it all!

[JunkSavvy @JunkSavvy]

Intersting, I was just asked to provide such a list of people at the @SECgov I thought were COMPLICIT in The MMTLP Fiasco and the WEAPONIZATION of the FEDERAL AGENCY against innocent citizen investors.

They cannot stop what is coming...#LockIn
MMTLP MMAT TRCH NBH

[unusual_whales @unusual_whales]

BREAKING: Citron Research founder Andrew Left was found guilty of securities fraud by a federal jury in Los Angeles.

[KKep @kimkep4796]

💥💥May 27, 2026 marked a
LANDMARK PROCEDURAL VICTORY!

🦋⚖️ $MMAT / TRCH / MMTLP
In re Meta Materials Inc. Chapter 7 Bankruptcy — Case No. 24-50792

On March 6, 2025, the Trustee served nine subpoenas seeking trading and market data from:

📌 Charles Schwab
📌 TD Ameritrade
📌 TradeStation
📌 DTCC
📌 Nasdaq
📌 FINRA
📌 Citadel Securities
📌 Virtu Financial
📌 Anson Funds

⚡ All parties are now complying or moving toward EXPEDITED compliance under individualized protective orders governing sensitive trading data and confidential information.

📆 Upcoming calendar of events shown in the graphic below.

📚 This case is becoming a significant example of a Chapter 7 Trustee strategically leveraging the Bankruptcy Code’s powerful discovery and investigatory tools to pursue potential estate claims and maximize value for creditors.

⚠️ Not Legal Advice

Detailed infographic below and song attached.

https://t.co/HE77dAvkwO

[JunkSavvy @JunkSavvy]

🚨NEXT BRIDGE HYDROCARBONS' PRICED AND EFFECTIVE...COME GET 'EM BOYS AND GIRLS!!!
💥$15 per share
💥Up to 40 million
💥Margin calls/deposit increases incoming.
💥SEA 15c3-3
Shareholders who have been refused transfers to AST/EQ...you know what to do!!!
MMTLP MMAT TRCH
https://t.co/rbg1aSVxxC

[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!

[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.

[X Market News🚨 @xMarketNews]

THIS IS SO CORRUPT🚨

TRADING 212 IS FORCING $MMTLP /NBH SHAREHOLDERS TO EITHER PAY A FEE TO REREGISTER SHARES

OR THEY WILL FORCE-SELL YOUR SHARES FOR $0.01

This seems desperate and every MMTLP Trading 212 investor should be informed⬇️

[X Market News🚨 @xMarketNews]

Bill Pulte is aware of $MMTLP
Laura Loomer is aware of $MMTLP
Devin Nunes is aware of $MMTLP
Jon Stewart is aware of $MMTLP
Charles Payne is aware of $MMTLP
Patrick Byrne is aware of $MMTLP
James O’Keefe is aware of $MMTLP
Over 100 Congressional Members are aware of $MMTLP

Now, @annvandersteel joins the $MMTLP army in the fight to demand transparency from regulators.

[kristen shaughnessy @kshaughnessy2]

Guess who has to produce nearly four years of trading data??

@Nasdaq does

First FINRA. Now Nasdaq. Who’s Next??

“@Nasdaq just LOST its Motion to Quash.

Translation:
This investigation is very much ALIVE.

For months, some people mocked and undermined the Trustee’s efforts, claimed discovery would never happen, and acted like every subpoena didn’t get served initially and that it would be crushed before daylight. Instead, the wall keeps cracking.

FINRA discovery.
Now Nasdaq discovery.
And the Court explicitly referenced separate pending motions involving Citadel, Virtu, and Anson.

Interesting times ahead.

Turns out Rule 2004 is not just a decorative suggestion.

To the Trustee and legal teams, incredible respect.

It takes courage to walk into rooms filled with institutions that have virtually unlimited resources and say:

‘Produce the data’…”
- @palikaras

$MMAT $MMTLP $TRCH
@kimkep4796

[George Palikaras @palikaras]

🚨Breaking news: 🦋

@Nasdaq just LOST its Motion to Quash.

Read that again s l o w l y . . .

The Bankruptcy Court in Nevada has now ordered Nasdaq to produce extensive $MMAT/TRCH trading data under Rule 2004, including RASH and CORE data, order attributes, cancellations, replaces, executions, and related transaction records covering nearly FOUR YEARS.

The Court was NOT persuaded by the ‘undue burden’ argument, noting that producing ~15GB of spreadsheet data is not exactly impossible for… Nasdaq. (One $10 usb stick)

Even more important, the Court explicitly recognized the Trustee’s AUTHORITY to investigate whether wrongdoing occurred on behalf of the estate, including potential claims tied to stock trading activity.

Translation:
This investigation is very much ALIVE.

For months, some people mocked and undermined the Trustee’s efforts, claimed discovery would never happen, and acted like every subpoena didn’t get served initially and that it would be crushed before daylight. Instead, the wall keeps cracking.

FINRA discovery.
Now Nasdaq discovery.
And the Court explicitly referenced separate pending motions involving Citadel, Virtu, and Anson.

Interesting times ahead.

Turns out Rule 2004 is not just a decorative suggestion.

To the Trustee and legal teams, incredible respect.

It takes courage to walk into rooms filled with institutions that have virtually unlimited resources and say:

‘Produce the data’

And to the echo chambers already warming up their spin machines tonight…

You may want to read the actual order first. 🤝

Blessings to all.

[JunkSavvy @JunkSavvy]

"WE HAVE IT ALL"...
⁉️Have THEY been here the entire time?
⁉️Did Epstein's purchase of TRCH in 2011-2014 draw THEIR attention???
⁉️ Was Epstein using TRCH to launder money for child trafficking and political influence???
⁉️ Did THEY watch as the @SECGov, @FINRA and other regulatory agencies were weaponized against TRCH MMAT MMTLP NBH investors???
⁉️ Were we just collateral damage in pursuit of THEIR "something bigger"???
⁉️ How many more retail investors need to be defrauded before THEY put an end to it???
⁉️For all the #FA, is MMTLP how they #FO???
⁉️ Do you wonder why the "temperature" has been turned up in the last few weeks??? #Desperate

Let them ALL squirm. Every last one of them. Because THEY know everything...

THEY CANNOT STOP WHAT IS COMING!!!

[Beard Vet @Beardvet]

@JDVance @VP Veterans were defrauded by the MMTLP scandal, Mr Vice President

Get them at all costs

[Beard Vet @Beardvet]

It’s going to come out very soon that Cynthia West was not only an alleged victim of Thomas Massie’s sexual deviance, but Massie also took advantage of her asking for Congressional assistance being a Victim of Financial Fraud, a regulatory coverup implicating the SEC and FINRA

He used the Power of his Congressional Seat to screw a Victim, in more ways than one

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

Dear @POTUS @realDonaldTrump

Over 100K men and women and military veterans have lost billions in a Wall Street scam of naked short selling #MMTLP.

Same thing they did to $DJT

You may want to sign a letter floating around your admin instructing the @secgov Chair to give the accurate share count.

$NBH is waiting on the number to make the MMTLP shareholders whole.

It’s been since 3 1/1 long years.

Time to move.

Thank you for your attention to this matter.

[JunkSavvy @JunkSavvy]

🚨NEXT BRIDGE HYDROCARBONS FILES THEIR 2026 Q1 10Q. @nbhydrocarbons
MMTLP MMAT TRCH NBH
https://t.co/P3VcbLBqSz

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

Gary Gensler will not get away with this scam.

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

I stand with every one of those 65,000+ investors and families who have been ignored, delayed, and dismissed.

What we are witnessing is not just bureaucratic inefficiency, it is a failure of duty. Seven revisions. Thirteen rounds of comments. Over 1,200 days in limbo. Total obstruction.

The American people deserve transparency. Investors deserve protection. And the SEC must be held accountable for restoring integrity to a system that has clearly broken trust.

Fix the MMTLP situation. Approve the NEXT BRIDGE HYDROCARBONS S1 without further delay. Do what is right, not what is convenient.

Anything less only confirms what millions already suspect.

Deliver the total blue sheet tracked share count too. This is criminal and ALL OF YOU KNOW IT.

@busybrands @JunkSavvy @EdMartinDOJ
#MMTLP #NEXTBRIDGEHYDROCARBONS #NBH #InvestorProtection #Accountability #Integrity