NEXT BRIDGE HYDROCARBONS' CEO GREG MCCABE THROWING HAYMAKERS AS REGULATORS REFUSE (AGAIN) TO MEET WITH THE ISSUER TO RESOLVE THE MMTLP FIASCO...
To: David Woodcock, Director of the SEC's Division of Enforcement...
🥊“I am quite confident that you have been told an INACCURATE VERSION of the events related to this surreal regulatory nightmare.”
🥊“I need your assistance regarding the recent COUNTERFEITING of Next Bridge Hydrocarbons shares by multiple BROKER-DEALERS, as well as other securities frauds against our company and shareholders.”
🥊"Broker-dealers now can eliminate their shares deficits and make customers whole. Yet NOT ONE broker-dealers with a share deficit purchased and delivered those legitimate S-1 shares to customers who had required Next Bridge shares in good faith.
🥊"While I recognize it is convenient and more cost-effective to simply create fake digital shares than to purchase legitimate shares from our company, it is difficult to view this behavior as anything short of theft.”
🥊“The time has come for this sanctioned madness to stop. The SEC has a congressional mandate to protect investors, and tens of thousands of Americans have now waited nearly four years for someone within the federal government to confront what happened with MMTLP.”
To: Robert Colby, Chief Legal Officer FINRA...
🥊"The second [letter], dated August 7, 2026, requests a meeting with the new Director of the SEC’s Division of Enforcement to discuss our evidence that demonstrates the CREATION OF UNAUTHORIZED Next Bridge Hydrocarbons shares by U.S. broker-dealers."
WHEN IS THE FRAUD GOING TO STOP???
MMTLP MMAT TRCH NBH
@POTUS@SecScottBessent@FBIDirectorKash@ODNIgov@Pulte@timburchett
Why is @SECPaulSAtkins not taking this meeting?
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The Hollow Men
American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.
By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.
These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.
In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.
Today, we have severed that link.
We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.
If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.
This looting starts in the boardroom.
We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.
Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.
And for what?
Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.
They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.
And what happens when these boards hire executives who also have no personal capital at risk?
We get the Delegation Economy.
When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.
This is not management. It is intellectual money laundering.
They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.
While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.
If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.
The time for polite governance is over.
If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.
🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable
We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.
Dear @cromwellc Mr Coulson,
It seems you were particularly engaged the evening of the #Gensler Spaces call with Mr David Lauer @dlauer.
According to FOIA-released correspondence (below), you reached back out to Amanda Fischer, Chief of Staff to the SEC Chair, around midnight EST on the same evening, following the broadcast. One wonders: what exactly was so urgent?
Was it the Chairman’s tone? The lingering possibility that something could have slipped through the preconditioning filter? Or the relief for those topics omitted during the call, namely #MMTLP?
Because by that point, you had already sent Amanda a pre-call memo titled “Gary Gensler and Dave Lauer on Twitter” in which you explicitly referenced MMTLP, described retail investors as “amateurs" **shame on you!**, dismissed concerns of synthetic shorts, and provided suggested talking points for the Chair.
A few questions, then, for the public record:
1. Do you consider it appropriate for the CEO of a trading venue to privately brief the SEC Chair’s Chief of Staff in advance of a live Q&A with 1,000s of retail investors listening in, with an aim to steer narrative framing?
2. Was any part of your near-midnight follow-up designed to monitor, evaluate, or “correct” the outcome of the Chairman’s appearance?
3. Have you ever briefed the @SECGov before any other public appearances by its leadership, or was $MMTLP uniquely deserving of late-night concern?
4. How frequently do you communicate directly with senior SEC staff in advance of public-facing events, especially those with retail audiences?
5. And finally: if your remarks to the SEC contained partial or misleading representations, which now appear to be contradicted by subsequent FOIA disclosures and broker-dealer admissions, do you plan to issue a clarification or retraction?
Everyone has been focused on the U3 halt. But the real breach didn’t happen at the end.
It happened on Day 1, the moment #MMTLP was allowed to trade.
By the time the U3 was triggered, the damage was already done.
The halt didn’t cause the crisis.
It concealed it.
We understand that market stability keeps many executives up at night.
But the midnight timing of your note suggests it may not be volatility that’s disrupting your sleep, it may be the truth.
So if you're serious about market integrity and not just another market hypocrite, start the timeline and your briefing at the beginning.
Not when they pulled the plug but when they plugged in a security that should never have gone live.
Bonus question, if everything you did was all above board, then why did your senior staff (Patti Cassimates) refuse to share with @Metamaterialtec (the issuer) the NAMES of those who got MMTLP to start trading? What's the big deal keeping you from sharing a couple of names like GTS with the issuer???
The public *and Congress* look forward to your transparent answers.
And if you refuse to answer... respectfully, stop hiding behind the SEC's skirt, and immediately resign your position. Let someone else lead the @OTCMarkets before it is too late.
@TheRobbCarter@denniskneale@SecKennedy@JDVance@cvpayne@PeteSessions@RepDonaldsPress@Jim_Jordan
How 14.4M synthetic "phantom" $MMTLP shares appeared overnight, and who made it happen?
1/ Let’s talk about October 14, 2021.
TD Ameritrade confirms:
Only one venue was accepting orders for $MMTLP that day.
🟢 GTS OTC.
No other destination is connected.
No routing alternatives.
Every trade had to go through GTS.
📩 (see internal email @RareDealsHere post below )
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