Rich W

Home Builder, Developer, Loving family and friends! Life, you get out what you put into it.

[SunMan @SunManCrypto]

MMTLP Community , this is our moment! After 12+ months of rigorous meetings and due diligence with two Special Advisors to President Trump, a formal letter has cleared White House legal review and is NOW sitting on @realDonaldTrump ’s desk awaiting his signature. Fellow MMTLP holders: Let’s keep the pressure on and make sure this gets signed! This letter gives President Trump the clear path under Executive Orders 14215 and 14147 to direct SEC Chairman @SECPaulSAtkins
to finally deliver transparency and accountability for the 65,000+ retail investors who were locked out of their shares in December 2022. We’ve come too far to stop now — our unified voices, FOIAs, congressional support, and relentless advocacy have brought us here. Flood the White House, tag @realDonaldTrump
@JDVance
@busybrands
and your reps, share this far and wide, and respectfully demand he signs it. Justice is within reach — let’s finish strong and restore faith in our markets! #SignTheMMTLPLetter #MMTLP #JusticeForMMTLP

[DrewDiligence @KarmaCollects]

FINRA's BS "Enforcement" on Barclays: Why @FINRA is GUILTY of Regulatory Concealment.

We're constantly told America has the most transparent, safest, most secure public markets on the planet, the "gold standard" for investors and companies brave enough to go public. Yet here we are again with FINRA handing out yet another limp slap on the wrist while demonstrating that they don't care AT ALL about market integrity or individual investors. Let's look at this Barclays case, and why this "regulatory action" is a slap in the face to public companies and investors alike.

In their recent Letter of Acceptance, Waiver, and Consent (AWC), Barclays admitted to executing 25,711 short sale orders in equity securities between December 2020 and May 2022 without bothering to locate borrowable shares. That's a straight-up violation of Rule 203(b)(1) of Reg SHO... the "locate requirement". This rule is designed to prevent exactly this kind of naked short selling, but here it is happening in broad daylight. On top of that, from December 2020 all the way through September 2023, FINRA failed to maintain any reasonably designed supervisory system to catch this crap. Reused trading accounts with leftover "market maker" coding just let them skate by, and FINRA's response? A measley $140,000 fine plus a censure. No admission of guilt, of course. Just the usual "without admitting or denying the findings."

Now think about that for a second. 25,711 improper short orders over 18+ months. How much cash do you figure Barclays and their clients made off those trades? Do you know how insanely profitable shorting without locates in potentially hard to borrow names can be? These practices depress prices, triggers stops, and creates synthetic supply that never actually existed... all at the SAME TIME! We're talking potential millions (or more) in profits, fees, and spreads for a massive global bank like Barclays, whose overall profits run in the billions annually. All while the investing public is literally stolen from in the process. And FINRA hits them with pocket change fines? $140k is literally nothing to these institutions. It's a fraction of their cost of doing business. Less than a rounding error. And yes, similar Reg SHO cases against big players have seen fines in the $2M–$5M range for thousands of violations, but compared to how much they MADE on this conduct? This isn't enforcement... it's a fking participation trophy for breaking the rules.

As if you needed further proof of how FINRA protects bad actors while making investors a sacrificial lamb, lets tie in the MMTLP situation. Both the issuing company's estate, and the Next Bridge Hydrocarbons spinout company, and all investors involved in BOTH, have been screaming for a full share audit, blue sheets, and real transparency around the December 2022 trading halt and alleged naked short positions. One hedge fund alone (Anson Funds) has allegedly admitted to being short 10 million shares, nearly 4x the reported total of 2.65 million short shares that FINRA has stated on the record. Around a HUNDRED congressional members total have advocated for this data to be turned over, and FINRA balked at every single one of their requests. Yep... instead of handing over the data and letting the facts come out, FINRA has battled investors in court at every turn, resisting subpoenas, claiming it's too "burdensome," and burning through serious legal fees to keep the details hidden.

Now... here's what really pisses me off: The companies whose stocks get caught up in this Barclays mess? They get zero notification. Nothing. Not a single ticker named in the AWC. Just vague talk of "equity securities." So if your company's share price was artificially depressed by this naked shorting, if your hardworking investors got screwed by phantom shares that shouldn't have existed in the most "free and fair markets in the world"... too fkin bad. Go play detective with old threshold lists and short interest data if you want. Spend a fortune on lawyers and forensic analysis just to figure out if you were targeted. FINRA ain't helping, and as the MMTLP situation demonstrates, will likely spend money to fight having to be transparent with you. Meanwhile, when some company has a data breach and your personal info gets stolen, you get a nice letter in the mail informing you of such, which is often followed by a settlement check of some kind. But when Wall Street players flood the market with synthetic shares that can tank your stock and strip you of your hard earned savings? Crickets from FINRA and the SEC. MONEY SPENT BY THE REGULATORS TO CONCEAL THE TRUTH. NO transparency. No help. And no one cares.

This is supposed to be the most transparent market in the world? Gimme a fkin break. FINRA polices brokers with confidential investigations, generic public settlements, and fines so weak that they barely register. There's NOTHING transparent about it. No mandatory share audits. No one gets fired or HEAVEN FORBID criminally charged for what basically equates to printing counterfeit money. Then on the other side of it, no restitution to issuers or investors. No heads-up so companies can evaluate their legal options. Just more regulatory concealment that lets this shit fester and keep right on goin.

So let's call it what it is. The system is built to protect the players, not the public companies or the hardworking investors upon whom our free markets were originally built. It has now become a fking blueprint for how to abuse loopholes, market structure, and "oversight" itself without real consequence. Regulators lead everyone to believe we have rules with teeth. SEC Chairman Paul Atkins is out here touting that the market is more secure and fair then ever. It's not true. Instead, they look the other way while naked shorting goes on, companies get damaged, and the fines are treated like a joke.

This isn’t some isolated screw-up. It’s the pattern. And it erodes trust in the entire market.

Now, circling back to MMTLP, thankfully, just two short days ago, the judge overseeing the Meta Materials bankruptcy proceedings has compelled FINRA to turn over data from their trade reporting facilities related to BOTH MMAT, and MMTLP (the preferred shares which were then exchanged for shares of Next Bridge Hydrocarbons, a company that is still ongoing and not in bankruptcy). Data that when supplied, provides transparency to investors who have been, in some cases, irreparably harmed. All of this comes much to the VISIBLE dismay of FINRA's attorney, who one could swear was going to break down and cry upon hearing the judge's ruling.

This situation with Barclays just further demonstrates the lengths FINRA will go to in an effort to NOT be transparent at all in their role as a "market regulator". Investors and/or a company DESERVE TO KNOW if their company was the target of naked shorting. But instead of simply releasing the data, FINRA will go to any lengths to protect and insulate these bad actors from potential claims for their THEFT. And make no mistake about it, it's theft PLAIN AND SIMPLE. When you then see how FINRA has fought every single solitary court proceeding calling on them to provide the very transparency that they are allegedly mandated to provide, you start to see the picture real clear: FINRA will spend hundreds of thousands if not millions of dollars to be opaque, rather then spend a fraction of that to provide transparency. Gee... I wonder why. The pattern is clear, and it stinks.

But as it relates to the MMTLP shareholders fighting for justice, the round room that FINRA was scurrying to find a corner to hide in just shrunk on them. I told you many times: We aren't going anywhere until this is resolved, and I hope every last one of your collective asses ends up on the chopping block when the data comes out.

And to the experts, journalists, and their tribe of trolls without any semblance of a life outside of social media, all of whom who still claim naked shorting does not exist: I very kindly ask you to read the below, and then very promptly go f (restraining myself)... get a life.

Thank you.

[George Palikaras @palikaras]

Best for Last...

The Turning Point in todays hearing MMAT Trustee vs FINRA motion to quash in my humble opinion was this:

The judge cited TWO cases from his own independent research that informed his decision. This sent FINRA's lawer into "cannot compute" territory... and his entire body language i referenced in my earlier post manifested in front of our eyes.

The two cases where:
1. Primary Case i believe our Judge quoted was In Re 204 Center LLC, Citation 634 B.R. 630 (Bankr. M.D. Fla. 2021), Judge Williamson... god rest his soul (can someone please look this one up on PACER?)
Our Judge then stated that Judge Williamson surveyed the landscape of Rule 2004 scope and limits. Our judge read extensive quotes from this decision, particularly the conclusion at page 639 (i believe), which established that...
Discovery under Rule 205, now called Rule 2004... was NOT intended to provide a party a STRATEGIC advantage in private litigation... Rule 205 was intended to provide the trustee generally new to the case with a VERY BROAD discovery device to aid in an efficient and FAST gathering of ALL the pertinent FACTS necessary in the effective administration of the estates...

2. The Secondary Case i believe was Millennium Holdings 2 LLC, 562 B.R. 614 Court: Bankruptcy Court, District of Delaware Year: 2016 Citation: 562 BR 614
This case also addressed similar questions about the limits on Rule 2004. https://t.co/nwSu3nF5N4

Note [I will need to further confirm the two cases once we get the transcripts...BIT it really does NOT even matter for the purposes of this initial discussion here... since the Judge's justification is all that matters... let me know below if you heard the Judge mention a different case.... and please do share!] ⬇️

How do these rulings impact positively future trustee investigations?

1. Broad Data Access Established
- Trustees can now obtain market-wide data from regulators like FINRA and NASDAQ
- Short interest data, TRF data, and trading volume data are fair game
- This sets precedent that regulators CANNOT hide behind "burden" claims for basic data production

Impact: Trustees can conduct comprehensive market manipulation investigations without being stonewalled 😎

2. Cost-Shifting Principle
- The trustee bears the cost of production, removing the "undue burden" excuse from the likes of FINRA...
- Judge adopted FINRA's own Rule 45 cost-shifting language (THANK YOU FINRA)

Impact: Trustees with adequate funding (like MMAT's with litigation financing) can access data production for some additional $$$ 😎

3. Data vs. Documents Distinction
- Judge clearly distinguished between "data" (generally producible) and "documents" (subject to privilege)
- Data requests don't require document-by-document review

Impact: Trustees can now DEMAND raw data exports without triggering full discovery obligations! 😎

4. Triangulation Principle Endorsed (big one)
- Our Judge accepted the trustee's argument about needing data from multiple sources
- Even if data overlaps, each party's data is relevant and must be produced

Impact: Trustees can conduct multi-source investigations WITHOUT being told "go ask someone else first" 💪

FINAL THOUGHT

I think this is a HISTORIC day. I am very appreciative of our fearless Trustee and legal teams, who have dared to face firms with unlimited resources, and our community who face every day, an army of echo chambers....already went to work tonight to claim victory... and why are they SO afraid of the trading data anyways?

…But their narrative is no longer… turns out shouting in unison isn’t the same as being right, just louder about being wrong. 🤣😂

[JunkSavvy @JunkSavvy]

💥UPDATE: LONGEST PENDING S-1 IN HISTORY!!!💥

✅NBH 2025 10K Filed
✅NBH S-1 Amendment 6 Filed
✅NBH COMPLIANT & UP-TO-DATE
*Next filing due May 15, 2026.

All EYES on SEC and Karl Hiller/Jennifer Gallagher.

15+ rounds of comments/questions for a simple capital raise for shares that DON'T TRADE on a public exchange or market.

⁉️Why would SEC’s Karl Hiller demand NBH restate previous year's financials, inflating valuations for assets the issuer no longer holds??? 🤔
“Inflated” valuations that were established by an auditing firm that the SEC has sanctioned from ever providing services to public reporting companies??? #Borgers

DELAY...DELAY...DELAY...3+ YEARS!!!

⁉️Why is the SEC (and FINRA) fighting transparency at every front??? Issuer, Congress, Federal Courts, etc.???...

⁉️If "nobody knows what to do," according to SEC Commissioner Peirce, would not transparency be a good place to start???

⁉️SEC, FINRA and FIF (broker-dealers) have confirmed there is a settlement issue and shares can not be delivered. So, why not let NBH be part of the reconcilliation with their share offering???

WHAT ARE THEY HIDING???...

⁉️When/if shares become available, is the SEC going to enforce THE LAW as Chairman Atkins proclaims as part of a "New Day at the SEC"??? You know, SEA 15c3-3 and RegSHO closeout requirements...

TRANSPARENCY AND EXPOSURE ARE COMING!!! #MetaBK

WE ARE NOT GOING AWAY!!! #Relentless

Hey Karl,
Are self-proclaimed, alleged whistlblowers acting with MALICE???
MALICE: desire to cause pain, injury, or distress to another.
Does MALICE impact whistleblower protections???
"specifically knowingly reporting false information—can severely damage or eliminate a whistleblower's legal protections and viability."
You may have a problem here...
Doesn't exactly sound like just a "concerned citizen and investor" does it???
#Discovery #Weaponized #EO14147 #AnatomyOfAShortAttack

[Gardner Wade @GardnerWade3]

THE MMTLP ARMY GROWS STRONGER EVERY HOUR!

We will NEVER stop until justice is served for the U3 halt, @FINRA FRAUD and @SECGOV cover up that stole our money!

[JunkSavvy @JunkSavvy]

🚨NEXT BRIDGE HYDROCARBONS FILES 2025 Q2.
$MMTLP $MMAT $TRCH
https://t.co/ihvtNWRoRo

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

.The bankruptcy trustee in the MMAT case is going to prove with courts permission, that naked shorting not only occurred but it was protected by the @SECGov - which we believe is what happened to TMTG.

Additionally the spin out company NBH which should be getting a valuation to clear #MMTLP fiasco, needs a full forensic audit of total outstanding shares, shares obligations and all synthetic exposure related to provide NBH a fair share price.

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

REFUSE. DELAY. OBSTRUCT.

This is YOUR @secgov America.

Do you think we should fund this anymore or should we DISSOLVE THE SEC?

#MMTLP #AMC #GME #TMTG

[DrewDiligence @KarmaCollects]

$MMTLP Hey @Polymarket, PLEASE create a bet on how much the shares from the upcoming Next Bridge Hydrocarbons S-1 are going to be sold for if this thing gets made effective. Let's make a market for it!

[JunkSavvy @JunkSavvy]

✨🎉!!!CONGRATULATIONS SEC!!!🎉✨
On behalf of defrauded investors, I would like to take a moment, on the 3-YEAR anniversary of NBH's S-1 submission, to congratulate the @Secgov and @SECPaulSAtkins on a JOB WELL DONE!!! 👏👏👏
🥂On January 23, 2023, Next Bridge Hydrocarbons (inheritor of The MMTLP Fiasco) submitted a 40M share offering to accredited investors. It has now been 3 YEARS since submitting the registration for NON-TRADING shares...the longest OUTSTANDING registration statement and the SECOND LONGEST approval in the SEC's 93-year history!
🥂To Chairman Atkins: you promised American companies and their investors a "NEW DAY AT THE SEC", with a focus on CAPITAL FORMATION. Who knew the "new day" meant obstructive delays, regulatory overreach, tortious interference, and weaponization of the SEC against a company and investors who have uncovered one of the biggest financial crimes in history. Good job, Chairman Atkins!!!
🥂Chairman Atkins, you promised to focus on the SEC's Mission to:
1⃣ PROTECT INVESTORS: MMTLP, do you feel PROTECTED???
2⃣ MAINTAIN FAIR & ORDERLY MARKETS: What was FAIR or ORDERLY about FINRA's U3 Halt??? WE STILL HAVE A SETTLEMENT ISSUE!!! Maybe consult the bluesheets pulled on December 5, 2022,...2 days before the halt. Or, ask Tradestation, Fidelity, Schwab, Etrade or the FIF "group of members" who asked for you to cover for their collective ass. (See below)
3⃣ CAPITAL FORMATION: Well, that's why we celebrate YOU today. Nice work!!!👏👏👏
🥂To David Saltiel, SEC Former Director of Trading & Markets. Thank you...for engaging with Howard Meyerson, Managing Director FIF. Recent FOIAs show email conversations that prove the ongoing CONSPIRACY between the SEC and broker-dealers to cover-up securities fraud and obstruct NBH's operations and governance. Truly, THANK YOU!!! #RICO
🥂The MMTLP Army hopes you enjoy your new position as Senior Managing Director of the Texas Stock Exchange (TXSE). Can you do investors one more favor, David? Ask your new bosses Citadel and Charles Schwab to cooperate with subpoenas issued by the Nevada Bankruptcy Court (MMAT). Afterall, if nothing is wrong, why dost thou protest too much??? We'd appreciate it, thx!
🥂To FINRA: Awe, did you think we would leave you out on this HISTORIC DAY? NEVER!!! Thank you for everything you have done to cement your role as the Co-Architects of The MMTLP Fiasco: ignoring investor and issuer complaints for over a year, breaking your own rules, U3 halting MMTLP to interfere in trade settlement (protecting shorts from fulfilling their OBLIGATIONS), your historic and grossly inaccurate & manipulative MMTLP FAQ and responses to Congressional Inquiries, and so much more! Looking forward to discovering the rest!!! #FOIA
🥂So, again THANK YOU to you ALL for underestimating defrauded investors and giving us the tools and information we need to expose ALL of YOU!!! 🫶 #Relentless
CHEERS!!! 🥂🎉
Psst...come closer...closer...closer...
WE ARE NOT GOING AWAY!!! 🖕🖕🖕

[John Brda @johnbrda]

I feel like I have been hamstrung in this matter due to the ongoing SEC battle I have personally. Now that the MTD has been filed, I invite @RepRalphNorman to read it and formally retract the statements he falsely made about me on the @OANN network, in particular the show hosted by @DanNewsManBall.

Dan was nice enough to admit he didn't have all of the facts and apologize in a space call immediately after the show aired. However, @RepRalphNorman continues to stonewall the community and still is not aware of the true facts.

I am formally asking @RepRalphNorman for a retraction and MOST IMPORTANTLY, do what you said you would do to help the $MMTLP community. You have the power, do you have the will?

Right when this aired, I called my attorney to ask if a sitting congressman can be sued for defamation. They told me don't bother, but then I asked GROK this morning as it still chaps me that he so blatantly lied, and defamed me as a criminal who walked away with over $100 million dollars.

We all know his office has been infiltrated by someone we all know.
I am posting the GROK thread for knowledge only, no threat to be implied.

https://t.co/WfxnBlgpRF

[Kurtis @bleedblue18]

@johnbrda @RepRalphNorman @OANN This interview was littered with factual inaccuracies and gross incompetence of the underlying issues.

https://t.co/CWrCpuNXgF

[Ann Vandersteel™️ Renner for Governor of Florida @annvandersteel]

Congress, DOGE, POTUS, SEC, FINRA

This is not going away.

This is about as egregious as it gets. Agencies caught colluding with the industry they regulate.

COME CLEAN IT UP - WE HAVE THE EVIDENCE.

[Tevern 🦋 @Tevern4]

@bleedblue18 @jonnrobin @cz_binance @xMarketNews @grok Receipts.. MMTLP
https://t.co/2akRC6oJQV

[Kurtis @bleedblue18]

@cz_binance @xMarketNews @grok Yes, Freedom of Information Act (FOIA) releases show coordination between the HIGHEST levels of leadership at FINRA and the SEC, including former SEC Chairman Gary Gensler’s direct reports.

Feel free to DM me and I’ll send you the PDF’s & explanations of the implications.

[George Palikaras @palikaras]

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

[🦋Estes🦋 @charchase12]

@PaulusGreatus MMTLP

[PaulT @PaulusGreatus]

Hey MMTLP Family!

Guess what? We're trending...TWO STORIES!!!

Keep liking and reposting everything MMTLP!