Status Pay 🎄🎄🎄🎄

The world is changed by your example, not your opinion

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

#MMTLP Have you heard of AST having 2 different cusip’s for nextbridge? They opened a second account for me and said it was because when E*trade sent over second batch they had my middle initial included. I was just looking at the statements and they have different cusip. December statement 591994371 and February statement 629999590. Both came from E*Trade. Wondering if anyone else has had this situation?

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@USHouseFSC $MMTLP knows that the end is coming for FINRA. Now is the time for transparency and accountability.

[New Civil Liberties Alliance @NCLAlegal]

The Supreme Court just ruled that you can't have it both ways: If you're set up and operate like a corporation, you don't get to claim government immunity when it's convenient.

We're looking at you, FINRA...
https://t.co/sygUK5UMgS

[KKep @kimkep4796]

🦋 MMAT | Meta Materials Inc.

Case No. 24-50792-gs (Chapter 7)

📅 Filed: June 3, 2026

📄 Docket No. 2833 – Ex Parte Application to Set Status Hearing

⚖️ Layman’s Summary

Trustee Christina Lovato is asking Judge Spraker to schedule a status hearing because DTCC has allegedly not provided all of the subpoenaed records the Trustee believes were due months ago.

🔥 Key Quote

“DTCC omitted Correspondent Clearing Data reports, which were supposed to be produced in March of 2026.”

🚨 Why It Matters

The Trustee tells the Court:

“This information is critical to the Trustee fulfilling her obligation to investigate the viability of potential litigation claims.”

In plain English:

👉 The Trustee believes important DTCC data is still missing.

👉 Efforts to resolve the issue privately have failed.

👉 The missing information is important to determining whether litigation claims exist.

👉 The Trustee wants the Court involved to move the process forward.

📌 Bottom Line

This filing suggests the MMAT investigation is still active, the Trustee is still seeking additional DTCC records, and she believes those records are important to evaluating potential legal claims.

⚠️ Not Legal Advice.

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@bleedblue18

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@CitronResearch The arrogance is astounding. Clearly still not understanding the problem with manipulating markets to defraud others. I hope this is reflected in the sentencing.

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@dallas_ak @mmtlpwarrior1 We are all aware of that. It’s more about the man and what the future may hold if he allows me to ride alongside him.

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

$MMTLP I love when I hear people say you are in AST/Equiniti so you have NBH, you should be happy. I am. Very happy. I stand with McCabe in whatever path he wants to take this company. Can’t wait to see more of his plan revealed! 🎁

[CPLANT @TheTrndisuFrnd]

You asked for it so here it is. @magic8vol @InSeuss @JamesAVincent1 @palikaras @Guillau12458217

[Jalen J. Jalen, Jr. @DavidDi49963202]

Sweet!
$MMTLP

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@thedocespo

[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

[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

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@alt_w_v_g Analysis is factual in wife progression model

Left the gridlines on

Plz fix

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

Wait a second, is this how $COIN values crypto contracts? They can just say what it is equal to even if the contract doesn’t state that? Your $BTC is now worth the value of a carrot because I said so. I will now take your BTC and only give you the value of a carrot because that was previously stated.

[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

[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.

[Eagle Ed Martin @EagleEdMartin]

Our time is coming. Hard.

[Status Pay 🎄🎄🎄🎄 @Status_Pay]

@jsolomonReports $MMTLP is the fraud with all evidence frozen in time. Time to bring the transparency.

[John Solomon @jsolomonReports]

Vance to host state AGs at White House for meeting on fraud https://t.co/1wnsbFxldk

[KKep @kimkep4796]

The Meta Materials Bankruptcy is a game changer. We don’t know how to fix this is no longer an option and now someone else is deciding for you. You lost your opportunity. The attorneys associated with the case have been involved for a year. They’ve already seen what’s coming in through protective orders. They see the BASELINE harm ($1.3 BILLION). Would they have taken this case on contingency without litigation funding if the preview wasn’t weighted in their favor? The Court case will continue… even if victims die. Our heirs will benefit. In my opinion - they calculated that everyone is as corrupt and greedy as they are… and they were wrong. 9 subpoenas started opening the doors… information is being triangulated. Motions to quash are being denied. Statute of limitations runs in August. Tick tock.