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🦋 MMAT | Meta Materials Inc.
Case No. 24-50792-gs (Chapter 7)
📅 Filed: June 3, 2026
📄 Docket No. 2833 – Ex Parte Application to Set Status Hearing
⚖️ Layman’s Summary
Trustee Christina Lovato is asking Judge Spraker to schedule a status hearing because DTCC has allegedly not provided all of the subpoenaed records the Trustee believes were due months ago.
🔥 Key Quote
“DTCC omitted Correspondent Clearing Data reports, which were supposed to be produced in March of 2026.”
🚨 Why It Matters
The Trustee tells the Court:
“This information is critical to the Trustee fulfilling her obligation to investigate the viability of potential litigation claims.”
In plain English:
👉 The Trustee believes important DTCC data is still missing.
👉 Efforts to resolve the issue privately have failed.
👉 The missing information is important to determining whether litigation claims exist.
👉 The Trustee wants the Court involved to move the process forward.
📌 Bottom Line
This filing suggests the MMAT investigation is still active, the Trustee is still seeking additional DTCC records, and she believes those records are important to evaluating potential legal claims.
⚠️ Not Legal Advice.
📣📣KEN GRIFFIN IS NO PHILANTHROPIST HE IS A FINANCIAL TERRORIST 🪳🪳🪳
Ken Griffin Citadel Securities was one of the main Bondholder that decided Spirit Airlines fate and it's 17 THOUSAND employees.
Now Kenny is holding employee funds that they earned.
GRIFFIN IS WORTH 50 BILLION AND YOU NEED TO HOLD SPIRIT EMPLOYEE FUNDS 🤮🤮
MMTLP #NBH#FOIAdenials#SECfraud
Another day, another step forward in exposing the #MMTLPfiasco manufactured by FINRA and the SEC.
Today I received an Appeal response that included a new batch of documents from a shareholder who chose to remain anonymous. Appreciate your hard work on this FOIA.
The result: 91 additional Congressional & SEC letters tied to MMTLP. All PDFs will be added to the dashboard for full transparency.
The contents of these letters and responses were efforts of shareholders and Members of Congress asking for answers about MMTLP and the U3 halt. Amazing effort!
To everyone pushing for truth and accountability — thank you. Stay locked in.
Focus...
Part 1 of 2
MMAT MMTLP NBH TRCH
⚖️ META MATERIALS (MMAT) Bankruptcy
Case No. 24-50792-gs
Document 2831
Filed June 2, 2026
Trustee Christina Lovato’s Response to Danielle Spears’ Motions
⚠️ Not Legal Advice
⸻
🦋 Two Quotes That MMAT / MMTLP / NBH Shareholders Will Likely Focus On
1️⃣ Shareholder List / Claims Agent / Shareholder Rights
From Page 6:
“The Trustee has requested a comprehensive list of shareholders from the transfer agent. Once that information has been received, the Trustee will determination [sic] next steps, i.e., incurring the expense to engage a claims agent. It is not the Trustee’s intention to prejudice the rights of any creditor or shareholder. At the appropriate time, the Trustee will seek authority to establish a bar date.”
Why This Matters
This is one of the clearest statements yet that:
✅ The Trustee is seeking a complete shareholder list.
✅ A claims agent is being considered.
✅ The Trustee expressly states she does not intend to prejudice shareholder rights.
✅ The Trustee anticipates eventually seeking a bar date process.
⸻
2️⃣ FINRA and the U3 Halt
From Page 7:
“FINRA and the U3 halt. This issue was a significant part of the Texas Litigation previously addressed. After more than a year and two opportunities to make her case against FINRA and others (including Greg McCabe), Ms. Spears’ case was dismissed with prejudice. What Ms. Spears ignores is that FINRA is one of the non-parties from which the Trustee is seeking discovery related to the trading of Meta Materials shares. Ms. Spears apparently believes the Trustee and her professionals need her lay-person expertise.”
Why This Matters
Many shareholders have focused on FINRA and the December 2022 U3 halt.
The important takeaway here is not the criticism of Spears.
The significant statement is:
“FINRA is one of the non-parties from which the Trustee is seeking discovery related to the trading of Meta Materials shares.”
That is a direct statement from the Trustee confirming that FINRA remains a discovery target in the MMAT investigation.
⸻
📝 Comprehensive Layman’s Summary
What Is This Filing?
This filing is Trustee Christina Lovato’s response asking Judge Gary Spraker to deny several motions filed by Danielle Spears before the June 16, 2026 hearing.
⸻
Trustee’s Core Position
The Trustee argues that individual shareholders cannot:
❌ Direct the investigation
❌ Demand investigative materials
❌ Control litigation decisions
❌ Force the Trustee to pursue particular claims
❌ Obtain internal work product or litigation strategy
The filing states:
“A putative shareholder cannot broadly intervene into, or seek to direct, a trustee’s administration of a chapter 7 estate.”
⸻
Standing
The Trustee acknowledges the Court previously ruled:
“Ms. Spears qualifies as a party in interest…”
However, the Trustee immediately notes:
“The Trustee reserves all rights to object to Ms. Spears’ standing.”
In plain English:
The Court recognized limited party-in-interest status, but the Trustee is not conceding broader rights.
⸻
Shareholder Notice
One of the most important sections of the filing concerns shareholder notice.
The Trustee states:
“There may be as many as 65,000 or more shareholders.”
The Trustee also confirms:
✔️ A comprehensive shareholder list has been requested.
✔️ A claims agent may be engaged.
✔️ Shareholder rights are not intended to be prejudiced.
✔️ A future bar date may be requested.
⸻
FINRA Discovery Continues
Another significant takeaway:
Despite the Texas litigation discussion, the Trustee specifically confirms that FINRA remains a source of discovery being pursued in connection with Meta Materials trading activity.
For shareholders closely following:
FINRA
MMTLP
U3 Halt
Trading records
Market activity
this paragraph confirms FINRA remains within the investigative scope.
See first comment for continuation.
https://t.co/Gyfx3HxEZM
📣📣HEY GASBAGPARINO ANDREW LEFT WAS FOUND GUILTY SO THAT MEANS ALL OF YOU ARE GUILTY TOO 🪳🪳🪳
All of Andrew Left partners in crime need to be held accountable also.
SECURITIES FRAUD HAS MANY VICTIMS‼️
🚨🚨MMAT MMTLP BANKRUPTCY CASE IS HIGHLY SIGNIFICANT
This Bankruptcy case is significant to every ticker. Because if the SEC isn't going to do their job and use their subpoenas power to see what is going on in the corrupt market the Trustee can investigate.
These Illegal Naked Short Sellers used Bankruptcy Court as a tool to hide the crime and never have to deliver the Securities they never had.
MMAT MMTLP Trustee and Judge are true heroes to the crime frozen in time.
What about all of the naked short selling overlooked by the 74 members of Congress who signed a letter on behalf of #MMTLP whose 100k investors were crushed by that illegal theft?
Citron Research founder Andrew Left was found guilty of securities fraud by a federal jury in Los Angeles.
The case centered on tweets about dozens of companies that prosecutors argued were used to move share prices and generate ~$20M in trading profits from 2018 to 2023.
Left testified in his own defense. The trial lasted three weeks, with the jury deliberating for two days.
$MMTLP $MMAT $TRCH
"Anson Funds openly admitted it had a 10 million naked short position that had been failing for years, without a borrow...."
....But there is no misunderstanding here - just greed.
Anson was naked short and got caught.
That's it.
WAKE UP REGULATORS! .."
https://t.co/4N52MgrXFZ
Courtesy:
@stockmannnbroo
“Citadel Securities Seeks to Extend and Upsize $4 Billion Loan”
Bloomberg reports Citadel Securities is refinancing and expanding a $4 billion loan.
Bloomberg says Citadel Securitied will replace old debt with a bigger $4.25 billion loan maturing in 2033.
This comes after posting massive record profits from trading
@GenFlynn This is the truck in front of the SEC today. The 24th time in recent years.
How much whistleblowing has to be done before someone in power, on either side of the aisle, demands trade settlement be enforced?
📣📣KEN GRIFFIN CITADEL
TRYING TO DRIVE THE VALUE OF COMPANIES WHERE WE THINK THEY SHOULD BE VALUED 🚨🚨🪳
This is not a Grok video this is
Ken Griffin actually telling the truth.
STOCK MARKET IS RIGGED‼️
$MMTLP Next Bridge Hydrocarbons submits an update to the S1 under SEC Rule 424(b)(3).
The purpose of this is to present new information that represents a material change or expansion of information previously disclosed and to update investors with this information.
https://t.co/P5Ud0R4pay
$HUBC “traded” its float 1110X!!!
This is a $.33 stock
Read that again
$HUBC “traded” its float 1110X in one day
Float is 1.28 Million Shares
1.42 BILLION SHARES “TRADED” FRIDAY 5/29/26
Trade Settlement Enforcement is beyond broken.
No wonder companies don’t want to go public
No one is protecting small public companies
You can’t make this up
@FlyEaglesFly529@Hamnakedshorts
Remember when they tried to say naked shorts (counterfeit shares) didn’t exist??
📣📣NWBO THREATENS MOTION TO COMPEL 🤔🤔
It is clear that Citadel Securities and Brokers are terrified of discovery.
In legal battles they will do what ever it takes to minimize the claims so they can get the case dismissed and avoid discovery.
As they were not successful in getting the case dismissed they are basically ignoring the discovery request with excuses. Such as overboard, burdensome and fishing.
A motion to compel is used in such cases when defendants are not complying with discovery request.
DISCOVERY IS THEIR WORST NIGHTMARE‼️
📣📣MMAT MMTLP BANKRUPTCY INVESTIGATION INTO MARKET MANIPULATION 🚨🚨
The Trustee in the MMAT Bankruptcy case knows there was major wrongdoing that happened and is heavily investigating the situation. The Judge has said the Trustee is well within her rights to investigate.
Why this matters:
When firms like Citadel Securities and Virtu are sued they will do what ever it takes to get it dismissed if that fails they will settle and hide the crime.
But as it's a Bankruptcy case it's not easy to settle and the settlement wouldn't be hidden.
It would be highly unlikely that the Trustee would even entertain a settlement and that would look very suspicious if she did.
Settlement is how market manipulation has been able to continue. That's where the bodies are. When they settle it always comes with the terms
Without admitting or denying wrongdoing 🤔
Why settle if you are not guilty especially for a large amount.
MMAT MMTLP case is extremely important and sets a Precedent that these Criminals fear.
DISCOVERY EXPOSES IT ALL‼️