Last but not least.
Today, January 12, 2026, MMTLP/MMAT shareholders went to the headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. to place a historic market failure formally on the record.
A U3 trading halt and the sudden disappearance of an active market left an estimated 65,000 investors trapped, with no price discovery, no orderly exit, and no clear remedy.
This was not a normal “risk of trading” event. It was regulator-driven.
We now have documented evidence showing how the financial “musical chairs” began before the merger of #TRCH and #MMAT, and before #MMTLP trading even commenced, involving broker-dealers that have yet to be officially named by FINRA.
Led by the tireless @annvandersteel, and supported by American Made Action team, shareholders stood outside @SECGov headquarters to demand three simple, lawful things (among other important asks):
1️⃣ A full, independently audited reconciliation of all issued shares and short positions in #MMTLP.
2️⃣ Disclosure of internal communications between the SEC, FINRA, and market intermediaries relating to the halt and the corporate action.
3️⃣ Public hearings and a DOJ investigation into how this was allowed to occur, including potential regulatory capture and conflicts of interest involving market infrastructure and intermediaries.
This is now part of the historical record.
Retail investors did not stay silent. For more than three years, they have shown up, documented everything, preserved evidence, and asked only for lawful redress.
To @USHouseFSC and @FinancialCmte, this is now squarely in your remit. We are asking you to do your job. Investigate. Subpoena where necessary. Establish accountability. And ensure this never happens again.
In any case...we soon plan to level the playing field, with, or without you. #BlueLedgerAI
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Another tragic story that hits very close to home. Not only is Barstool’s HQ in NYC but this attack occurred in the same office the Brady 4 held our protest. It’s never good having to do these charity drives but Officer Didarul Islam leaves behind 2 boys and an 8 months pregnant wife. I will personally match all proceeds we make this week and donate directly to the family.
https://t.co/OQnFDvo6lH
$MMTLP: Yesterday, during a town hall, Congressman @PeteSessions was asked directly by an MMTLP shareholder about FINRA’s conduct and the broken promise of a share audit. Sessions responded by agreeing that the rug was pulled from under us... which we appreciate... but then pivoted to mention the SEC’s recent charges against former Meta executives.
The shareholder, to their credit, pushed back immediately and pointed out what many of us have said for months now: those charges have nothing to do with the lack of a share audit and transparency from the regulators. The issue at the heart of this is simple... how many shares exist, and why has no regulator been willing to account for them? That question still hangs in the air, unanswered.
I also found it interesting that Sessions also brought up the price action on the last day of trading and asked why people didn’t sell if they were concerned. So let me try to explain this in a way that hopefully makes it clearer for the Congressman, or anyone else still asking that question.
In the two days before the halt... Wednesday, December 7th and Thursday, December 8th... every single major U.S. broker told their clients that Friday, December 9th, and Monday, December 12th, would be “position close only” for MMTLP. That meant you couldn’t open new positions... only close out existing ones. In addition to that, some brokers even notified clients that short positions would be forced to close during that time.
So what does that mean in practical terms?
It means that retail investors were led to believe... based directly on FINRA’s own guidance and two separate corporate action notices... that Friday and Monday were the critical two days to sell. And it wasn’t just a hope. It was an expectation. The price of the shares moving upward was not just likely... it was logically anticipated, based on the idea that shorts would have no choice but to buy back shares to close, in an environment where opening of any short positions would not be allowed. That’s when the price was supposed to run.
So why didn’t people sell sooner?
Because it would’ve been like walking out of a bingo hall with a nearly full card before the last ball was pulled. If you knew the dealer told the hall that the card would likely fill out on Friday and Monday, why would you walk out of the game on Thursday... especially if your card was nearly full?
We were all playing by the timeline FINRA gave us. Then they moved the goalpost mid play. They halted trading on Friday before the open, without warning, and locked everyone in. That’s why people didn’t sell. Because we were told... explicitly... that we still had time.
So Mr. Sessions, with respect: We appreciate your continued acknowledgment that something went terribly wrong here. But let’s not minimize the decision to hold based on clear regulatory messaging that was reversed without notice. This wasn’t investor negligence. This was investor reliance... on information published by FINRA and echoed by brokerages across the country.
And that is exactly why a share audit is still critical. Because if that rug pull happened after millions of counterfeit or unsettled shares were sold into this security... and never reconciled... then what happened to us wasn’t just a regulatory breakdown. It was theft. Plain and simple, sir.
We invite your office to re-engage, demand the share audit you called for, and press the SEC and FINRA for real answers... not recycled statements. At this point, transparency should not be optional. Thank you.
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