Why is it that hedge fund market makers receive priority over regular retail investors when specific fraud is discovered? On December 9th, 2022, over 65,000 MMTLP shareholders whose stock was U3 was halted. Despite our ongoing fight for transparency, we have received support from over 74 congressional members who have signed a letter requesting an investigation into our matter. However, the SEC and regulators have chosen to stonewall and obstruct our request, even though we have the facts, evidence, and data to support our case. Even though @SECPaulSAtkins announced the new transparency act FDTA, we still have to fight for transparency. It’s a double standard. #MMTLP #MMAT
@Buckeybucoaroo $MMTLP
I assume each broker that executed trades pre-halt on the 9th had to go in and manually reverse them. @FINRA on the other hand, reset the halt clock to the previous midnight to give brokers cover.
😏
And to the #MMAT and #MMTLP community, and especially your families, thank you for your resilience, your pursuit of truth, your unwavering support for one another, and your determination to build a better future.
May justice, innovation, and opportunity continue to prevail.
Warmest wishes!
🇬🇷🇨🇦🇺🇸
You can comprehend when someone admits they don’t know how to fix a problem temporarily, but we’re talking about a span of 3.5 years here, and even two years after she made that comment and requested shareholders to submit all complaints. What transpired? Nothing but stonewalling denial, obstruction, and noncompliance continued, and it actually worsened.
Using that excuse as a shield for years while disregarding a clear resolution avenue, such as providing a definitive share count, fundamentally appears to be an admission of administrative paralysis.
This is a complete failure, and someone should step in to replace her, but more importantly, provide the share count for the MMTLP shareholder’s.
$TOON issues stockholder rights plan on the heels of a $28M settlement with Anson as lead defendant.
$MMAT stockholders had approached their board about a rights offering to recapitalize the company while pursuing market manipulation of its stock.
#MMTLP
https://t.co/WS0nbSBXXF
Let's stick to the facts.
If the original $MMTLP $NBH distribution had gone as planned, every shareholder would have had two choices: sell or hold before Dec 12.
If you held, the planned 1:1 exchange would have been completed, the shareholder ledger would have been reconciled and everyone still holding would have automatically become a registered NBH shareholder.
Game over.
No broker-held NBH positions. Future distributions would simply flow from NBH → AST → you.
Then came the FINRA halt. The normal path to that end state was interrupted.
Many shareholders later completed that same end state by transferring their shares to AST.
May I repeat this for those who are too busy pushing the "fill AST" narrative or too savvy to acknowledge this reality.
Many shareholders later completed the very outcome they would have received had the original distribution been allowed to finish. Registering your shares at AST ultimately gave you what you would have received if you had simply held through the original distribution, a registered NBH share. No more. No less.
One thing is absolutely clear. Whether an NBH share is registered directly in your name at AST or held in street name by your broker, it represents the same ownership interest and is entitled to the same shareholder rights established by the company.
So here's where I struggle with the "Just fill AST" narrative.
If shareholders have already been able to register their shares at AST and if broker-held obligations have continued to exist since the halt as reflected in public FAQs and other public disclosures. Then what does simply "filling AST" actually accomplish by itself?
If that alone was the answer, wouldn't we already know by now?
Maybe we've been asking the wrong question. Maybe the real question is "What event actually requires broker-held obligations to be reconciled?"
- A new S-1 registering 40 million shares?
- A planned 30-for-1 stock dividend?
- Another mandatory corporate action?
- Or something else entirely?
Maybe we'll find out soon. That's the discussion I'm interested in.
Not another riddle.
Not another talking point.
Not another social media personality claiming to have all the answers.
Bring facts.
Bring results.
Bring something credible.
We know “unnamed” brokers have already acknowledged potential fulfillment issues in addition to TradeStation’s statement.
We know the SEC was made aware of these fulfillment issues because their senior leaders were key contributors in the meetings/emails.
Pressure needs to be applied on the SEC to enforce the rules that already exist. It’s that simple.
5 years ago @elonmusk celebrated his 50th Birthday & MetaMaterials celebrated being the 1st Nasdaq listed Metamaterials company.
Employees & SH’s were excited to be invested in so much promise. As you🥂55, we fight to expose what was stolen from our future🦋
A gift of spaces🙏
MMTLP
The SEC heavily promotes its transition to open, machine-readable data under the #FDTA. But when citizens use the FOIA pipeline to request data on the 12/9/22 #MMTLP trade halt, transparency disappears. Look at the data 2,229 Requests Submitted, only 3 Granted in Full (a microscopic 0.073% of all SEC approvals), and 883 Requests Shunted into "Other Reasons" without clear explanation. Requesters face constant statutory delays beyond the 20 and 30-day marks without explanation, forcing us to copy OGIS on our responses. #FOIA
@JasonLeopold @USNARA_OGIS
@SECPaulSAtkins@DHSgov@RepFrenchHill