DubiousTrader

[Lara Logan @laralogan]

HE SPOKE OUT AND GOT SUBPOENAED

Greg McCabe, Chairman and CEO of Next Bridge Hydrocarbons, breaks his three-and-a-half-year public silence on the battle surrounding MMTLP, naked short selling and the FINRA trading halt that affected approximately 124,000 shareholders.

McCabe tells Lara Logan that after he publicly challenged what he believed were inaccurate statements surrounding the controversy, he was hit with an SEC subpoena just one week later.

He says he turned over everything investigators requested, including his trading and banking records. But after years of fighting for transparency, McCabe says one critical question remains unanswered: What is the actual share count?

Next Bridge had approximately 165 million authorized shares. McCabe says an analysis of his data estimated there could be more than one billion shares reflected across broker-dealer accounts, which he believes could expose the scale of alleged naked short selling.

In this episode of Going Rogue with Lara Logan, Lara and McCabe dig into the unanswered questions surrounding MMTLP, the actions of FINRA and the SEC, and what McCabe says this could mean for retail investors and the integrity of America’s financial markets.

@GregMcCabeJr | @GoingRoguewLara

Watch Full Episode:
https://t.co/zeOoJlPpuf

Support Going Rogue:
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#LaraLogan #GoingRogue #MMTLP #NextBridgeHydrocarbons #NakedShortSelling

[General Mike Flynn @GenFlynn]

@IRONAPE_MMTLP @RogerJStoneJr @NobleOne @realDonaldTrump @RepEliCrane @annvandersteel @Beardvet @busybrands @laralogan I will work with @annvandersteel to ensure we get him up to speed. The timing will be post elections however, unless he returns to WDC for some reason.

[JackTheRippler ©️ @RippleXrpie]

🚨🇺🇸 MARCO RUBIO HAS SENT A MESSAGE TO ALL AMERICANS:

“WE ARE A CHRISTIAN NATION!”

Amen 🙏

[George Palikaras @palikaras]

Last night’s Space with @nbhydrocarbons CEO Greg McCabe, @annvandersteel, and @laralogan was the preview.

Friday is the full #MMTLP interview with Lara and Greg, and everyone should tune in, even if you never owned the stock (trolls are welcome too).

Because the legal filings are the part that do not need a microphone.

If even a small part of what is alleged in the #MMAT Trustee’s complaint against Citadel, Anson and Virtu (who fought tooth and nail to NOT deliver their trading data/record) and what the litigation and discovery process may now surface, holds up, then this story becomes much bigger.

And I doubt those three are the only act on the bill.

In fact, around the 47-minute mark, Lara says it directly: this is impacting an “extraordinary number” of U.S.-listed companies.

She is absolutely right to raise that point.

Because if that is true, then this is not just one shareholder grievance or one unusual market event.

That is a Pandora’s box the financial market system now has to confront.

And when you eventually add crypto, tokenization, and 24/7 markets into that mix... the scale of the problem becomes exponential.

At some point, the machinery around all of this needs a proper reckoning... not another wrist-slap dressed up as “industry self-regulation”, right?

The longer @FINRA’s “financial industry” appears to protect its paying members… ehhh, sorry... nearly said customers!🤣… while retail investors and issuers are left completely in the dark, the harder that model becomes to defend.

And no FINRA FAQ or stonewall can ever truly hide, reconcile, or settle the record after the fact.

If self-regulation means the club looks after the club while everyone outside it absorbs the consequences, that is not regulation. It is a membership organization with a badge.

Now here is the part people should appreciate.

It has taken more than four years to catalogue and map this market plumbing:

-10s of thousands of hours of research by hundreds of members of the MMTLP community.
-Record setting 1,000+ FOIA requests.
-Pro-bono lawyers.
-Media.
-Shareholders.
-Ethical staffers in DC.
And now AI tools...
All working, in one form or another, toward resolution for more than 65,000 families.

And in doing so, I am convinced it can also help educate Congress; so that future generations, entrepreneurs, investors, teachers, veterans, and the middle class more broadly, are better protected.

Listening to yesterday’s Space, I kept thinking... HOW do you explain the #MMTLP fiasco to someone who doesn’t know a CUSIP from a boarding pass?

How do you explain it to someone with no financial background?
-At a family dinner.
-At the bar with friends.
-Over coffee with colleagues.
-Or to a complete stranger.
No technical jargon. No alphabet soup. No market-structure lecture... I’ve admittedly inflicted enough of those on people already! 😎

Just a picture everyone can understand.

So I started placing all the actors we have come across over the last four or five years into one setting. Yes... including the trolls! (You know who you are🧌)

Let’s place all of them in one place:

an airport...

Welcome to MIA:
MARKET INTEGRITY AIRPORT
Where market integrity occasionally goes missing in action.

...your departure board reads:
FLIGHT: MMTLP
DESTINATION: NEXT BRIDGE
GATE: U3
STATUS: HALTED
LUGGAGE: UNRECONCILED

Next post: the airport.

[Donald J. Trump @realDonaldTrump]

BREAKING NEWS: I am pleased to announce that the United States of America has entered into an Agreement with The Kingdom of Denmark, and Greenland, that gives the United States permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns. There will be NO COST to the United States! At my direction, we worked with representatives of Denmark and Greenland to guarantee that the United States will FOREVER have the complete ability to do what is necessary in Greenland in order to secure and defend the security of Greenland, and the United States of America. Additionally, from now on, no U.S. adversary can EVER have a base in Greenland, have a military presence in Greenland, or make sensitive investments in Greenland, without our express written approval. For over 100 years, Presidents have known the strategic importance of Greenland, but NONE of them were able to do anything about it. I am proud to be the President that permanently and conclusively addressed this very important situation. This is an “Infinite Life” Agreement, there is no end! We are very honored and proud of what has just taken place, and everything agreed to today will be cherished by the American People. We will immediately begin the process of developing a large Military presence in the appropriate part of Greenland, of which there are many. We will work with the people of Greenland in its development and construction. This solution is a great one for the United States of America, Denmark, Greenland, and all of our Allies. We look forward to working with the wonderful people of Denmark and Greenland toward a magnificent future with respect to this large, and highly strategic, parcel of land. We will be very protective of it! This is a dream come true for the United States of America, one that is very important, historic, and special. Thank you for your attention to this matter! President DONALD J. TRUMP

[Jeff Hunt @jeffhunt]

$178k a year and you still get 25% of your mortgage covered by taxpayers? What the hell?! How about we stop taxing the crap out of Coloradans?!

[Rep. Ralph Norman @RepRalphNorman]

Canceling yet another day of votes is unacceptable.

The House has now canceled at least 63 scheduled voting days this Congress, including nine days this month alone, and now we're leaving Washington until after the election.

The Founders did not envision taking this much time off and still getting paid.

If Members of Congress want to go home and campaign instead of doing the job taxpayers sent us here to do, then their campaigns ought to be paying them, NOT the American taxpayer.

We still have work to do.

[Senator Kevin Cramer @SenKevinCramer]

Elizabeth Warren and the Democrats blocked the Clarity Act because they’d rather obsess over President Trump’s personal finances than establish the necessary guardrails to secure American leadership in digital assets. Even though @POTUS and Senate Republicans have negotiated with them for months in good faith, they couldn’t take off their TDS-tinted glasses to even debate or improve the bill.

The choice in front of us is simple: create a market structure for digital assets at home to protect Americans’ involvement in the industry or watch Americans risk their money in unsafe foreign countries led by less than noble leaders. American financial innovation and ingenuity must be protected by an American legal framework. Given Democrats’ obstruction, the administration should use its authority to finalize appropriate market structures for investors in digital assets.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Senators who voted against advancing the Crypto Clarity Act:

Independents:

• Angus King
• Bernie Sanders

Republicans:

• Thom Tillis
• Jerry Moran
• Josh Hawley
• Susan Collins

Democrats:

• Andy Kim
• Tim Kaine
• Jack Reed
• Mark Kelly
• Ed Markey
• Tina Smith
• Jon Ossoff
• Alex Padilla
• Ron Wyden
• Dick Durbin
• Gary Peters
• Peter Welch
• Jeff Merkley
• Cory Booker
• Jacky Rosen
• Adam Schiff
• Brian Schatz
• Patty Murray
• Mark Warner
• Elissa Slotkin
• Mazie Hirono
• Chris Murphy
• Ben Ray Luján
• Ruben Gallego
• Maria Cantwell
• Maggie Hassan
• Amy Klobuchar
• Martin Heinrich
• John Fetterman
• Tammy Baldwin
• Michael Bennet
• Chuck Schumer
• Jeanne Shaheen
• Chris Van Hollen
• Elizabeth Warren
• Kirsten Gillibrand
• Raphael Warnock
• John Hickenlooper
• Tammy Duckworth
• Richard Blumenthal
• Lisa Blunt Rochester
• Sheldon Whitehouse
• Catherine Cortez Masto

[Brad Garlinghouse @bgarlinghouse]

1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the US’s position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.

2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.

3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.

4/ Ripple's business has never been stronger — real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.

[Senator Cynthia Lummis @SenLummis]

This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership. I sat at the table with Senate Democrats working in good faith to get this done while they played games.

For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts. Today they voted against real limitations on politicians’ personal crypto investments. They voted against protecting American consumers from the scammers and fraudsters this bill would have shut down. They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted. Democrats chose politics over the American people—again. That’s not leadership on their part, that’s surrender to their radical, socialist base.

The once-proud Democratic party is anti-consumer and pro-illicit finance, anti-ethics, anti-free enterprise, anti-worker, anti-livable wage jobs, and pro-socialism. The Democrats are now anti-American. Sad!

[Senator Cynthia Lummis @SenLummis]

It's now or never for the Clarity Act.

Dems can lock in 120+ negotiated wins: a historic ethics agreement covering the President, VP, Congress & federal judges, plus the certainty consumers and this industry need.

To get there, Democrats need to join us in voting yes at 2:15.

[Dr. Kamilah Stevenson @kamilah120]

🇺🇲SENATOR WARREN IS NOW OPENLY URGING ALL

DEMOCRATS TO REJECT THE LATEST #BITCOIN AND CRYPTO CLARITY ACT ETHICS DEAL

SHE'S DOING EVERYTHING SHE POSSIBLY CAN TO KILL THIS BILL AND HURT PRESIDENT TRUMP

SHE WANTS AMERICA TO FALL BEHIND

SHE WANTS THE BANKS TO WIN

PURE EVIL😡

[Senator Cynthia Lummis @SenLummis]

Democrats secured more than 100 changes to the Clarity Act, including amendments to self-custody rights, a best execution requirement, and a new Office of the Retail Commodity Advocate written into the Clarity Act. If this bill fails, those protections vanish with it, and Democrats will have no one to blame for that outcome but themselves.

[Crypto Rover @cryptorover]

BREAKING: 🇺🇸 Democrats have officially rejected the Republican CLARITY Act draft over its ethics provisions.

This is RIDICULOUS.

[AJ @Ajmetax]

Ain't no way he did this

[Ann Vandersteel™️ @annvandersteel]

@GenFlynn @grok @elonmusk @solari_the National Security has been threatened and impacted as critical products developed by companies bankrupted have had their IP and assets sold for pennies on the dollar to foreign enemies.

Just ask former $MMAT CEO @palikaras

[Polymarket @Polymarket]

JUST IN: Coinbase declares it has a “backup plan” if the CLARITY Act fails in Congress.

[Ann Vandersteel™️ @annvandersteel]

🚨 WHAT THE HELL IS GOING ON AT THE SEC?

The SEC admits 22 agency iPhones had potentially missing federal records, with missing periods overlapping the MMTLP trading halt and aftermath.

Now Congress needs answers:

WHO had the phones?
WHO handled MMTLP?
Were SEC, FINRA or DTCC communications lost?
Were FOIA searches incomplete?
Were investors told records may be missing?

125,000 investors have been demanding answers for years.

Enough secrecy. Enough delays. Enough “trust us.”

PRESERVE THE RECORDS.
RELEASE THE FOIAs.
SUBPOENA THE COMMUNICATIONS.

#MMTLP #SEC #FINRA #FOIA

[Charlie Kirk @charliekirk11]

Good men must die, but death can't kill their names.