Transcript of letter sent to @CHELLESHOCKEDTM from Next Bridge Hydrocarbons' CEO Greg McCabe, as read by Chelle on the space below....
"Nice to meet you, Michelle.
Thank you for your efforts in bringing attention to MMTLP and the horrible injustice impacting veterans, retirees, senior citizens, and all retail investors that put their faith in the American financial markets.
There appears to be some misunderstanding related to my support or lack thereof for the request to President Trump to sign a letter to the SEC demanding answers. Please see my position on this matter below.
Greg McCabe,
Chairman and CEO, Next Bridge Hydrocarbons.
While I have not seen the letter awaiting President Trump's signature, I am familiar with its contents and its message. Let me be clear, I fully support any and all efforts to bring transparency to MMTLP as well as FINRA's inexplicable U3 halt among an ocean of troubling questions, perhaps the most bewildering is this: Why have regulators charged with protecting retail investors devoted so much time, money and effort to keeping those very investors in the dark?
The simplest explanation may be that regulators are attempting to conceal their own regulatory missteps. Additionally, I can also almost wrap my head around the impulse of regulators to protect major financial institutions out of fear that the truth could expose the systems failure in the mechanics of the U.S. financial system.
But what I will never understand, accept or excuse, is regulators intentionally shielding and effectively aiding and abetting bad actors who exploit the US markets by illegally short selling shares they never owned nor borrowed.
Last month, President Trump said that he doesn't like short investors because they are betting against America. For worse, I submit that naked short sellers are stealing from America. Regulators should be exposing these criminals, not protecting them. It is indefensible. It is inexcusable. And the American people deserve the truth."
MMTLP MMAT TRCH NBH
THIS Is So TRUE!
AND for this reason I am currently considering submitting an Amicus Brief in support of the plaintiff in Kelly vs FINRA currently sitting at the 9th Circuit.
And by considering… I mean I have already drafted >4000 words (out of the max 6500).
We were told that FINRA and DTCC had a call and excluded company counsel, who was originally invited to the call. Not sure if SEC communicated with DTCC, but FINRA certainly did.
FOIA records show FINRA and SEC were already discussing MMTLP by Nov. 29, 2021, about a year before the Dec. 9, 2022 halt. Dec. 5, 2022 emails confirm the Fraud Team had it on radar and was blue-sheeting trades..
The documents exist. What they prove is still being argued in court. #MMTLP #FOIA
Same two guys. Twice.
Ari Rubenstein’s GTS kept trading $MMTLP, a dividend the company said was never supposed to trade.
Georgetown professor James Angel, allegedly tied to Rubenstein through his high-speed trading lobby, kept popping up as the “independent expert.”
He argued against the company. He did the same on Overstock’s dividend stock.
When his alleged Rubenstein tie was exposed, Angel got quieter and stopped using Georgetown letterhead to look like a neutral academic.
That doesn’t look like a coincidence.
It looks like a playbook.
Did I mention Angel blocked me?
1. November 2025
The $MMTLP community alleges Angel’s 2023 closed-door briefing to congressional staff derailed their push for a congressional hearing on the U3 halt
Chris G, @808CG1, is a veteran who serves our country wants answers.
https://t.co/BPeIAZ1MNs
2. July 2025?
Georgetown Professor James Angel has apparently been the go-to interview for the financial media for decades.
https://t.co/Ufo06wrZpO
@RareDealsHere@Beardvet@surfersuzy7@Stef_carpedm@kimkep4796
I agree one million percent‼️ After all the time, struggle, hope, and belief we had in Meta Materials—only to watch it be torn down by “alleged” corruption—it finally feels like someone is genuinely seeking answers and aggressively pursuing the wrongdoing and harm.
I believe they underestimated both the legal authority available to a Chapter 7 Trustee and the determination of the trustee appointed to this case. Perhaps they expected someone who would take the easy way out, close the case, and move on? Well, she didn’t‼️ She and her counsel have been aggressive, thorough, and extremely strategic in following the evidence. ⚖️
Nothing is guaranteed, but I truly believe we have a powerful TRIFECTA: the Trustee, her counsel, and the Judge. For the first time in a long time, I feel real hope. 🙏🦋⚖️
LISTEN UP $MMTLP COMMUNITY —
Folks in a totally different space are talking about MMTLP in detail. Not our usual crowd. New platforms. New ears.
They’re asking the hard questions and connecting the dots.
That’s your cue.
GET LOUDER.
Share the facts. Share the spaces. Don’t let this stay in our circle.
If outsiders can see it, the rest of the country can hear it.
Thank you @MrsPositive5 and @stockmom for highlighting this important story!!
$MMTLP #GETLOUD
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
🚨NEXT BRIDGE HYDROCARBONS RELEASES PR INDICATING CONTINUED FAILED ATTEMPTS TO WORK WITH REGULATORS TO RESOLVE MMTLP FIASCO ON BEHALF OF DEFRAUDED SHAREHOLDERS.
@nbhydrocarbons@SECGov@SECPaulSAtkins@FINRA
MMTLP MMAT TRCH NBH
If you're new to what @FINRA did to defraud investors, it's important to understand that the December 8th revision to the MMTLP Corporate Action wasn't a typo.
FINRA overstepped their authority and forced Metamaterials to accept FINRA's version of the initial December 6th MMTLP Corporate Action that was centered on a "Effective December 13th" MMTLP Share Cancellation Date, but this made no sense because the same Corporate Action indicated that MMTLP needed to be held on December 14th in order to receive the Distribution/Pay. (image 1)
If it was a typo and FINRA intended to put that they'd be "Deleting" the MMTLP "trading symbol" effective December 13th, here's the problem with this and the revised December 8th MMTLP Corporate Action...
1. The Corporate Action wasn't about FINRA deleting the MMTLP trading symbol. It was about a 1-for-1 MMTLP for Next Bridge Hydrocarbons "exchange" occurring on December 14th at Market close, at which time the MMTLP shares would be cancelled automatically. (image 3)
2. If FINRA made a typo, why didn't they bother to include the correct December 14th after Market close MMTLP share cancellation date and time? (Compare image 1 to image 3)
The MMTLP Corporate Action was labeled an "Exchanged" Event Type Corporate Action. So compare it to other examples of Exchange Event Type Corporate Actions from both before and after MMTLP. (image 2)
In the examples you'll see that the Corporate Actions are centered on the actual "EXCHANGE & SHARE CANCELLATION". Symbol Deletion is NEVER mentioned!
3. FINRA kept the "EFFECTIVE DATE" of both MMTLP Corporate Actions "00:00:00 12/13/22". But FINRA knew on, and well before 12/18/22, that the Exchange and MMTLP Share Cancellation was supposed to occur on 12/14/22 after Market close.
4. By keeping the focus on 00:00:00 12/13/22, which is basically 12/12/22 after Market close, FINRA attempted to conflate Symbol Deletion and Share Cancellation to create the illusion that they needed to protect investors from buying after 12/8/22.
But brokerages made it clear that they were only planning to allow Position Close Only transactions on 12/9/22 & 12/12/22. (image 4)
If there were short positions that needed to close, those were the days set aside for them to be closed.
By U3 halting trading directly before the start of the 12/9/22 MMTLP trading day, FINRA protected their member firms from a potential short squeeze that might've occurred.
Then, it wasn't in FINRA's first FAQ from March 2023, they waited until the second FAQ to admit that there were short positions that didn't close, but they downplayed the amount, and they've never repeated that estimate under oath.
The FIF (Financial Information Forum) also communicated to the SEC that their members were unable to close their MMTLP short positions due to FINRA's U3 halt, but they did this in private and the SEC for some odd reason will meet with the FIF about the issue, but they won't meet with Next Bridge Hydrocarbons.
Step in anytime! @VP@TheJusticeDept
🚨 MMTLP NEWS ALERT 🚨
🌎 World-renowned financial journalist Frank Nez has published an article about #MMTLP. 📰👀
The MMTLP story continues to attract serious financial journalism and media attention.
⚖️ NEXT BRIDGE HYDROCARBONS v. JEFFREY DAVIES
Cause No. 2026-18186 | Harris County, Texas | 61st Judicial District Court
Next Bridge filed this lawsuit on March 18, 2026, alleging that Davies interfered with its business relationships, including matters involving the Orogrande asset and University Lands.
Current docket highlights:
March 18: Next Bridge filed its original petition.
May 4: Court granted substituted service on Davies.
June 1: Davies filed his original answer.
July 2: Davies filed a 29-page Motion to Dismiss, Exhibits A–K and a proposed dismissal order.
August 5: An amended hearing notice was filed.
👇👇👇👇👇👇👇👇👇👇👇👇👇👇
📅 Upcoming hearing: Davies’s Motion to Dismiss will be heard in person Monday, August 31, 2026, at 11:00 a.m. in the 61st Judicial District Court, Harris County Civil Courthouse, Houston.
What may have been filed recently?
If something was filed today but has not appeared on the public docket, the most likely document would be Next Bridge’s response/opposition to Davies’s Motion to Dismiss, potentially accompanied by:
supporting exhibits or declarations;
objections to Davies’s evidence;
a proposed order denying dismissal; or
possibly an amended pleading.
Under Texas Rule 91a, if that is one basis for the motion, a response is generally due no later than seven days before the hearing—which would place the deadline around Monday, August 24. 👀Filing shortly before that deadline would make sense. If the new filing came from Davies, it could instead be a reply responding to Next Bridge’s opposition.
📁The public docket currently stops with the August 5 amended hearing notice (provided below), so an electronic processing or posting delay is certainly possible. We’ll watch for the new filing to appear.
⚠️Not legal advice.
@TheTrndisuFrnd
"Market maker" = code for creating phantom shares by 1) taking your buy order, 2) not getting shares at settlement to deliver to you, but 3) requiring your cash payment anyway.
The designation allows them to credit your accout with entitlements to shares that DO NOT EXIST => PHANTOM SHARES.
Charles, I just got off a 3 hour zoom with 4 #MMTLP members. What I just learned is EXPLOSIVE. The smoking gun exists and I saw it with my own eyes and it exposes the level of corruption and illegality that exists in agencies.
We have a big problem. And it’s a threat to our national security.