The @SECGov used CAT data to investigate and file charges against retail investors that allegedly pumped & dumped multiple securities including $TRCH (the predecessor of MMAT & MMTLP).
@FINRA has investigated the "issuers" of $MMTLP & $MMAT via blue sheet data for fraud/manipulation.
The SEC case against the retail investors has been dismissed.
The FINRA investigation hasn't resulted in any charges.
Doesn't this give the impression that there might've been some type of fraud/manipulation involving these tickers, but since the evidence (CAT DATA & Blue Sheets) doesn't support pinning the crimes on who the regulators are targeting, they're choosing to ignore the evidence altogether?
Isn't it odd that FINRA suspected the issuer of MMTLP of fraud/manipulation, formally began an investigation that included consulting with the SEC, but they were somehow able to post the first MMTLP Corporate Action the very next day?
Based on FINRA's Rule 6490, FINRA being aware of a fraud/manipulation investigation, let alone initiating one themselves was reason enough to deem the MMTLP Corporate Action submission deficient.
But there were at least two other reasons that the submission could've been deemed deficient.
1. The pending/ongoing SEC investigation into the TRCH/MMAT reverse merger.
2. The issue related to settlement and clearance that FINRA allegedly ignored until right before the December 9th trading day. (Rule 6490 instructs FINRA to ensure these issues are addressed BEFORE posting a Corporate Action to the Daily List.)
A proper investigation will likely reveal that FINRA knew that the MMTLP Corporate Action submission should've been deemed deficient and/or FINRA hijacked the process in order to create a reason to deem the submission deficient AFTER posting it to their Daily List... twice!
If protecting MMTLP short sellers was the goal, deeming the submission deficient would've been a temporary solution.
By ignoring the investigations, modifying the wording of the Corporate Actions, and pretending to find an issue at the last minute...
FINRA used this as justification to U3 halt trading long enough to DELETE the TRADING SYMBOL, making it impossible for settlement to take place.
Several lawsuits and 19+ months later, FINRA continues to fight to keep the trading data hidden.
@DOJCrimDiv@TheJusticeDept@FBI@FBIWFO@FBILosAngeles@The_DTCC@SecretService@RepRalphNorman@MikeCrapo@denniskneale #MMTLPsetaDATE
Are @FINRA@SECGov corrupt?
What are they hiding?
Why not be transparent and reveal the blue sheets that were pulled on 12-05-22. Itโs been 20 months of concealing evidence. What are the Regulators hiding? 65,000 families harmed. @ImFiredUp2@nicksortor@Timcast $MMTLP day 589 โฌ๏ธ
Dear Investors,
We here at the @SECGov had our suspicions about @johnbrda & @palikaras since before the reverse merger.
Just to be sure, we looked over the $TRCH offering(s) that were not called into question and we made them effective.
We looked over the plans for the reverse merger and we also made that effective.
We do share oversight of the OCC along with the CFTC but we promise we had nothing to do with the options chain funny business that protected TRCH short position holders and paved the way for $MMTLP.
We were aware of the Series A Share becoming tradeable and we did have communication with Patricia Casimates of FINRA as early as November 2021 about the matter but we promise that we were looking out for investors!
While we still had our suspicions about Brda & Palikaras, we still allowed them to submit an S1 to make the TRCH assets a private company.
After 4 amendments that seemingly took the absolute most time possible, even for some trivial changes that included a warning that a squeeze might be a possible occurrence...
We at the SEC also made the MMTLP/Next Bridge S1 effective after 4 very short months!
We also can't forget that while all of this was going on, we also watched as the price of Metamaterials $MMAT continuously dropped regardless of the positive news related to new hires, acquisitions and a variety of positive developments.
We knew there was obviously something that concerned us still about the pre-merger of TRCH & MMAT but we had to make sure investors were protected by watching the MMAT price continue to drop, watching MMTLP outperform the market by steadily remaining at a consistent price range while the rest of the market suffered from volatility, and of course making the S1 effective because why not?
Then, after @FINRA manipulated the Corporate Actions and broke their own rules, we watched from afar as they U3 halted trading without providing an explanation.
And then, on December 14, 2022, on what was supposed to be the actual MMTLP Share Cancellation Date that
FINRA NEVER included in either MMTLP Corporate Action...
We finally filed charges!
But not against Brda & Palikaras, we filed against a group of retail investors for allegedly pumping and dumping a variety of securities including TRCH.
Totally unintentionally, the media somehow used the fact that TRCH was mentioned to incorrectly link the charges to Metamaterials. This might've negatively impacted the MMAT share price but again, it was totally unintentional!
So now with the price of MMAT on a continuous decline and with Next Bridge Hydrocarbons now a private company with what we'd imagine was a negligible amount of short positions attempting to transfer somehow to a private company...
We here at the SEC just pretended like we weren't aware of what was going on, but it was a strategy!
Investors had no clue that we were communicating with FINRA before they posted the first MMTLP Corporate Action & that Sam Draddy of FINRA told us he was blue sheeting both MMAT & MMTLP a day before FINRA posted the first MMTLP Corporate Action, how would they EVER find out?
Surely there was something from those blue sheets that would corroborate our suspicions of Brda & Palikaras, but alas, we decided to focus on the real culprits. The group of retail investors that would eventually have their case dismissed due to our questionable approach.
And while this was going on, we were busy NOT making the Next Bridge 40 million share offering effective because... because...
Maybe because we just got way too busy even though it didn't prevent us from conducting other important work like cracking down on XRP & Debt Box.
But now that we see that Next Bridge has managed to not sell cheaply, and now that we see that the MMTLP Community is a persistent and formidable force..
This was the perfect time to file charges against Brda & Palikaras for our suspicions concerning the pre-merger from 3 years ago..
To protect investors! #MMTLPsetaDATE
Sir, first I want to congratulate you on your nomination. President Trump made a fine choice in selecting you as his running mate!
65,000+ $MMTLP Shareholders need your help, as well as the help of President Trump to fight the CRIMINAL ENTERPRISE known as the financial markets (e.g., #SEC & #FINRA). Their corruption and collusion have ruined the lives of countless Americans!
You did sign a letter in support of the $MMTLP Shareholders. We are all hoping you will follow through with your commitment.
Senator Mike Crapo, and Senator JD Vance wrote a letter to Gary Gensler regarding $MMTLP. This must not be overlooked. @JDVance1, letโs bring justice for all those affected by #MMTLP.
@tommurphy8485 @JDVance1 @Jim_Jordan, FINRA is lying about the number of COUNTERFEIT shares in $MMTLP! Ask Greg McCabe at @nbhydrocarbons! This is a RICO related case, and no one with a lick of power has stood up yet! Our money was stolen and is now being used by CRIMINALS! What is the REAL share count?!
Hey @SECGov,
Will your $MMTLP investigation be complete without a thorough look into @TradeStation's inability to facilitate transfers due to a shortage of shares?
How about the way @Fidelity has seemingly committed tax fraud, wire fraud & Mail fraud?
#MMTLPsetaDATE
It's irresponsible that at least one person is continuing to attempt to pervert the messaging regarding $MMTLP being designated Caveat Emptor.
MMTLP traded on the OTC for approximately 14 months. The @SECGov reviewed 4 S1 amendments over multiple months before declaring the S1 effective.
OTC Markets didn't give MMTLP the Caveat Emptor designation until the last trading day, December 8, 2022, the day that @FINRA posted a revised Corporate Action that DIDN'T include PERTINENT INFORMATION that was included in the initial Corporate Action.
The Caveat Emptor notice specifically notes;
"...due to public interest concern and potential confusion amongst market participants regarding dates and entitlements for the Share Exchange published by FINRA on December 6, 2022 and subsequently revised on December 8, 2022."
WHY DID OTC MARKETS MENTION POTENTIAL CONFUSION REGARDING DATES AND ENTITLEMENTS and also mention BOTH dates that MMTLP Corporate Actions were published, unless the Caveat Emptor designation was related to the CONFUSION and UNCERTAINTY caused by the Corporate Actions???
Also...
Look at this other screen from December 8, 2022!
Look closely at the greyed out Real-Time Level 2 quotes.
Isn't it strange that Market Makers would be showing bids up to nearly $25 for a security that's Caveat Emptor and closed under $3???
What's the share count?
@SECGov @SECEnfDirector @GaryGensler@HesterPeirce@The_DTCC@FBI@FBILosAngeles@FBIWFO@DOJCrimDiv@TheJusticeDept #MMTLPsetaDATE
December 8th, $MMTLP PREMARKET
Just over 7K volume caused a 15% drop.
Based on @FINRA rule 11893, these were erroneous transactions (there shouldn't be OTC trading activity during premarket) that should've been investigated and reversed.
Will this be addressed in the @SECGov's investigation of MMTLP?
#MMTLPsetaDATE
Will @FINRA ever be transparent about their exact process for reviewing Corporate Action submissions?
DECEMBER 14TH after market close was the $MMTLP SHARE CANCELLATION DATE, it was very pertinent information but it NEVER appeared in either MMTLP Corporate Action.
The December 6th MMTLP Corporate Action included an INCORRECT DECEMBER 13TH SHARE CANCELLATION DATE...
The December 8th MMTLP Corporate Action didn't mention SHARE CANCELLATION at all!
WHY? @SECGov @SECEnfDirector @GaryGensler@HesterPeirce
Can the SEC adequately investigate MMTLP without addressing the Corporate Actions?
Shouldn't the issuer have been involved in revising the MMTLP Corporate Action?
How is it that FINRA revised the MMTLP Corporate Action, but it still resulted in a U3 halt?
This means that FINRA had two opportunities to review the Corporate Action before posting to the Daily List, but they still failed to discover the alleged settlement and clearance issue that made the U3 halt necessary.
@RepRalphNorman@MikeCrapo@The_DTCC@FBILosAngeles@FBIWFO@DOJCrimDiv@TheJusticeDept #MMTLPsetaDATE
๐ฃ โ๏ธ $MMTLP ๐คฎ CHECK OUT this screenshot from E*Trade on Dec. 9th, 2022. The candle is straight up! How did @FINRA protect retail investors with an unprecedented U3-Halt? FINRA, a SRO with FULL IMMUNITY, protected its OWN! The UPC committee responsible for the U3-Halt had an interest in MMTLP and stood to experience infinite loss! #MMTLP $MMAT #FINRAfraud @SECGov@FINRA@GaryGensler@RepRalphNorman ๐บ๐ธ๐๐ฃโ๏ธ@JamesComer@WarrenDavidson