Rusle

$NIO + @MTV = story of success

[kristen shaughnessy @kshaughnessy2]

So 2 years after being fined $475,000 by FINRA for regulatory failures, FINRA rewards Hilltop with a seat at the table to decide whether an emergency halt should be imposed on $MMTLP.
Even though Hilltop had skin in the game because it sold $MMTLP, and we don't know how much counter party risk it had.

Add the following to my list of questions for FINRA's Patricia Casimates and Chris Stone who headed that panel

1) How was the makeup of the $MMTLP U3 Halt Panel decided?

2) Who was involved in the decision making?

3) Why was Hilltop chosen?

4) Were Hilltop's prior regulatory failures discussed before the decision was made to add Hilltop Securities Managing Director Kelli Bell to the panel?

5) Did Congressman Pete Sessions or Congressman Patrick McHenry
(or anyone in their offices or close to their office staff or the Congressmen personally) suggest or otherwise indicate Hilltop Securities should be included on the panel that decided to impose the halt?

6) Did anyone at FINRA know how many $MMTLP shares Hilltop had sold/delivered and how many still had to be located?
And if so what were those numbers?

Oh forgot to mention Hilltop was also fined by FINRA in 2019

Good info @HAMShortkiller

https://t.co/cO5wrXQH4I
A 2nd article
https://t.co/QvjtK44bkf

@busybrands @bleedblue18 @Donoghue1Timmy @anna_trades @BasileEsq @DevinNunes @JunkSavvy @johnbrda @WilliamPFarran1 @JohnnyTabacco @JennyL1818 @denniskneale
$FNGR $GTII $NWBO $ENZC $AMC $GME $DJT $KODK $WULF $BB $SCLX

[JunkSavvy @JunkSavvy]

S H O T S F I R E D!!!...🥊🥊🥊
Of course they wouldn't...would they?!?

"...while we [@nbhydrocarbons] do not know the true width and breadth of any imbalances that may exist, we hold on to our confidence that no brokerage firm would knowingly or willingly credit illegitimate shares into their customers' accounts.  At best, this would be a violation of applicable securities laws and at worst, it would be a breach of the public's trust tantamount to theft from both our shareholders and our Company." [Dividend Distribution July 22, 2026]

When is the fraud going to stop??? #RICO #Conspiracy #FAFO

@POTUS @SecScottBessent @FBIDirectorKash @DirectorPulte @timburchett

MMTLP MMAT TRCH NBH

[JunkSavvy @JunkSavvy]

🚨NEXT BRIDGE HYDROCARBONS RELEASES PR RESPONDING TO SHAREHOLDERS' CONCERNS REGARDING SHARE DIVIDEND DISTRIBUTION ON JULY 22, 2026 @nbhydrocarbons

"The Company has received a significant number of inquiries from shareholders concerned about the accuracy, timeliness and reliability of dividend shares being credited to them.  In response to this, our transfer agent Equiniti Trust Co. (EQ) has provided assurance that within their system, all directly registered shareholder accounts, including those holding paper certificates, as well as all brokerage account "bulk certificates" will be credited with dividend shares on a one for thirty (1:30) basis on July 22, 2026.

The subsequent crediting of dividend shares to individual shareholder accounts within each brokerage firm is the responsibility of each firm, but shareholders should rest assured the shares will be added to their brokerage firms' bulk certificate(s) appropriately.

There will be no formal Corporate Action regarding this matter, as Next Bridge is not DTCC compatible.  Questions regarding the crediting of individual brokerage account(s) with the dividend shares should be addressed directly to your brokerage firm.

Next Bridge Chairman and CEO Greg McCabe stated, "I am pleased to reassure our loyal shareholders that the team at Equiniti is of the highest caliber of professionalism and reliability.  Their recordkeeping and task execution abilities are impeccable.  We have heard shareholder concerns regarding ledger inaccuracies, and while we do not know the true width and breadth of any imbalances that may exist, we hold on to our confidence that no brokerage firm would knowingly or willingly credit illegitimate shares into their customers' accounts.  At best, this would be a violation of applicable securities laws and at worst, it would be a breach of the public's trust tantamount to theft from both our shareholders and our Company."

MMTLP MMAT TRCH NBH
https://t.co/6T3w6yKFxh

[PaulT @PaulusGreatus]

MMTLP NBH MMAT

Greg McCabe stated, "...We hold on to our confidence that no brokerage firm would knowingly or willingly credit illegitimate shares into their customers' accounts.  At best, this would be a violation of applicable securities laws and at worst, it would be a breach of the public's trust tantamount to theft from both our shareholders and our Company."

Will the Broker-Dealers "call" on Greg McCabe's "TRIPLE DOG-DARE", fall into the no-win situation trap he has brilliantly set, and DELIBERATELY violate applicable securities laws?

With the Criminal Enterprise (SEC & FINRA) protecting them...
YOU BET THEY WILL!!!

[kristen shaughnessy @kshaughnessy2]

$MMTLP

“…please do not treat our Company and our shareholders as mere collateral damage in what appears to be a massive financial crime."

Why Is The SEC Ghosting Next Bridge for the 6th Time?

Massive coverup?

It’s been almost 4 years since trading in $MMTLP was halted

“Next Bridge has, for a sixth time, requested to meet with senior officials of the Securities and Exchange Commission (the "SEC") to discuss the unresolved dilemma of the MMTLP trading halt in 2022 and the subsequent imbalance it created in our shareholder ledger which remains to this day.

We are extremely disappointed to share with our investors that for a sixth time, our invitation has been ignored….”
@nbhydrocarbons

[JunkSavvy @JunkSavvy]

🚨NEXT BRIDGE HYDROCARBONS RELEASES PR ADDRESSING MULTIPLE FAILED REQUESTS TO MEET WITH SEC CHAIR AND COMMISSIONERS IN AN EFFORT TO RESOLVE NBH'S IMBALANCED LEDGER. NBH PUBLISHES MOST RECENT LETTER.
MMTLP MMAT TRCH NBH

From the Press Release:
"Next Bridge has, for a sixth time, requested to meet with senior officials of the Securities and Exchange Commission (the "SEC") to discuss the unresolved dilemma of the MMTLP trading halt in 2022 and the subsequent imbalance it created in our shareholder ledger which remains to this day. We are extremely disappointed to share with our investors that for a sixth time, our invitation has been ignored."

From NBH's Letter to the SEC:
"For more than three and a half years, Next Bridge has done exactly what the Commission asked of us. We have respected the process and the institution. We have followed every applicable rule and regulation. We have responded to every SEC comment. We even amended and refiled two years of periodic reports, despite our profound disagreement with the basis for requiring those revisions. Our actions were all premised on the belief that cooperation was the path toward resolution.

Yet after years of compliance, extraordinary expense, and immeasurable harm to our shareholders, the central issues remain unresolved."

@SECGov @SECPaulSAtkins @nbhydrocarbons

https://t.co/pba5MwKg6g

[The Butcher of Wall Street | Marcel Kalinovic @BossBlunts1]

Citadel and Virtu moved to QUASH subpoenas in $MMTLP / MetaMaterials bankruptcy case.

The motion is loaded with explosive admissions 🚨

1️⃣ Trustee’s lawyer admitted the subpoenas are for “pre-litigation discovery” into alleged spoofing & naked shorting by Citadel 📄 That’s lawsuit prep.

2️⃣ Trustee’s filings already read like a lawsuit;

- Names specific “targets” Citadel, Anson, Virtu

-Alleges “persistent & extensive spoofing”

- Says 65,000+ retail shareholders suffered “extreme losses”

- Cites 147 MILLION shares impacted.

3️⃣ When Citadel asked why they were targeted, Trustee’s counsel refused to answer citing “litigation strategy” & “work product” privilege.
💡 Work product = prepared “in anticipation of litigation.”

4️⃣ Citadel, Anson, Virtu argue any market manipulation claims belong to shareholders, not the bankruptcy estate, meaning the Trustee has no legal grounds to demand their trading data.

5️⃣ They accuse the Trustee of ignoring court orders & violating local rules by adding banned document requests back into subpoenas the judge already stripped.

6️⃣ The subpoenas demand 4 YEARS of:
All order routing data
All FIX messages
All internal & external communications on Meta/MMTLP
📡 This could be millions of records, this is costly & revealing

7️⃣ They say the Trustee already has similar data from FINRA, Nasdaq, & others making this duplicative & abusive.

8️⃣ Bottom line:
Citadel, Anson, & Virtu are pulling every legal lever to stop these subpoenasbecause they could expose trading data central to spoofing/naked shorting allegations.

🔥 This motion confirms the Trustee is gunning for market makers over $MMTLP and they’re fighting hard to keep the data buried.

Want to fight back against darkpool abusing market makers front running your trades?

Check out https://t.co/N0cgM96vMu to avoid darkpools and manipulation of YOUR ORDERS‼️ 💎 🙌

[JunkSavvy @JunkSavvy]

MARKET DISRUPTION EVENT 6/29/2026???...

Market disruption event caused by "erroneous trades" which resulted in "large net debit settlement imbalance." DTC and NSCC received "multiple extensions"..."to extend settlement."

EXTEND SETTLEMENT???

That sounds pretty "extraordinary". Why no U3 halt for them???

I have always said that there were less extreme options to FINRA's U3 halt two days before the published and promoted end of trading trapping investors for 1300+ days!!! #MMTLPFiasco

15.6M shares borrowed on what became the final day of trading....NOW NAKED. Sound like a "net debit settlement balance" issue to you??? #TheyKnew

MMTLP, we could have used that 1 DAY!!!
https://t.co/JXRu5GStKN

[Stephanie @stephmase22]

📣📣DISCOVERY IS MOVING FORWARD MMAT MMTLP

Citadel Securities, Anson Funds, and Virtu Financial have been fighting the subpoenas for discovery for a long time. Now, it appears it's moving forward to set up the framework for the data.

The Usual Suspects‼️

[JunkSavvy @JunkSavvy]

���🚩🚩
Brokers already communicating THEY ARE GOING TO ASSIGN CONTRA "CUSIPS" to NBH divi shares and post them as "IOUs"...
⁉️Why do they need "IOUs" on a 1:30 common stock dividend for shares to which the issuer has already designated a contra CUSIP???...
💥'CAUSE THEY DON'T HAVE THE F'ING SHARES💥

They cannot stop what is coming!!!
#BuckleUp #FO🍿🍿🍿
MMTLP MMAT TRCH NBH

[Guess Who @RedHeelzz]

🚨🚨Breaking News🚨🚨

⚠️Shares are available⚠️

Next Bridge Hydrocarbons is making moves. You all may want to get your house in order before the clock strikes twelve.

⌛️⌛️⌛️⌛️⌛️⌛️⌛️⌛️⌛️⌛️⌛️

@GoldmanSachs
@MorganStanley
@jpmorgan
@BankofAmerica
@Citi
@Fidelity
@CharlesSchwab
@IBKR
@CitadelSec
@VirtuFinancial
@RobinhoodApp
@WebullGlobal
@etrade
@MerrillEdge
@Vanguard_Group
@saxobank
@TradeStation
@tastytrade
@etoro
@AllyInvest

#MMTLParmy $MMTLP $MMAT
$TRCH @nbhydrocarbons
@pulte @DOGE_SEC @SECGov @SECPaulSAtkins @FINRA @The_DTCC
#WhatstheShareCount

[JunkSavvy @JunkSavvy]

OH, I GOT QUESTIONS...
⁉️I wonder what Tradestation is going to do since they already admitted they don't have shares to deliver on the MMTLP⏩NBH spin-out because the shares in investor brokerage accounts are "NOT BACKED BY CERTIFICATES"???
⁉️How are they going to get their investors the dividend shares if they can't deliver the spin-out shares to shareholders in brokerage accounts in beneficial ownership???
⁉️Wouldn't it be interesting if shareholders in brokerage accounts received the dividends in their accounts anyway???
⁉️Wonder if any other broker is experiencing the same problem???
🚧Sounds like Tradestation and any other broker who has FTD'd better get to steppin' on covering their obligations to deliver the SPIN-OUT AND DIVIDEND SHARES...
🚧Brokers (like the "group" represented by the FIF) can't hide behind FINRA's U3 halt anymore as shares are "available"...
🔜I think we are about to find out which market participants cover their bets and which are just "gypsies, tramps and thieves"...
(Who doesn't enjoy a well-timed Cher reference???)
MMTLP MMAT TRCH NBH

They cannot stop what is coming...🍿🍿🍿

[Kurtis @bleedblue18]

$MMTLP Imagine using your big brain to create a system for comprehensive regulatory oversight (Consolidated Audit Trail aka CAT) in your time at the SEC only to leave for a major payday at Citadel Securities and try to dismantle the same CAT.

Imagine serving on FINRA’s Economics Committee, the CAT Advisory Committee, and on the Advisory Board of the Financial Information Forum.

Imagine using that influence to discuss a small, non-trading company’s (Next Bridge Hydrocarbons) pending registration statement and how to dissuade/steer it with other prominent FIF members and the SEC.

Imagine being tone deaf enough to include “market integrity” in your job description as Director of Market Analytics and Regulatory Structure for CITADEL.

Imagine the same firm having to respond in Federal Bankruptcy court to subpoenas.

Just imagine…

[Guess Who @RedHeelzz]

Funny thing about the NewCo S1 comment record.🤔

SEC feedback looks pretty cordial, right up until the FIF
expresses concern.

🚨After that?
Different story.🚨

Draw your own conclusions.

Some new FOIA docs tell the story…🧨🧨🧨

$MMTLP #MMTLParmy $MMAT

[JunkSavvy @JunkSavvy]

🛎️🛎️🛎️
REMINDER:
FIF sought help from @SECgov executives to interfere in NBH corporate action set to expose their members' short gambit and the truth behind FINRA's U3 halt of MMTLP...
FULL FOIA BREAKDOWN: https://t.co/1jTqZW1YTP
Now, get a peek inside SEC communications with @nbhydrocarbons while they were conspiring with FIF...
👇👇👇

[Chris G @808CG1]

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...

[Next Bridge Hydrocarbons @nbhydrocarbons]

Next Bridge Hydrocarbons Announces SEC Declares Effective its S-1 Registration Statement

Company prices and commences a public offering of 40 million shares

https://t.co/2hO7KuPeJJ

[kristen shaughnessy @kshaughnessy2]

$MMTLP
“Next Bridge Hydrocarbons Announces SEC Declares Effective its S-1 Registration Statement”

“Next Bridge Hydrocarbons, Inc., an oil and natural gas exploration and production company with interests in Texas, Louisiana and Oklahoma, announced today that it has priced and commenced a public offering of up to 40,000,000 shares of its common stock, par value $0.0001 per share at an offering price of $15.00 per share, less the placement agent fee…”

Courtesy @kimkep4796

[kristen shaughnessy @kshaughnessy2]

This Is Big

Major Court Ruling Against
“🏢 Citadel Securities
🏢 Virtu Financial
🏢 Anson Funds

These firms tried to QUASH (block) the bankruptcy trustee’s subpoenas seeking trading data tied to:

📈 $MMAT
📈 $TRCH
📈 $MMTLP 📅 JUNE 25, 2026…

The Judge ordered Citadel, Virtu, and Anson to PRODUCE:

📊 Market-wide trading data
📈 For the 161-day schedule identified by the trustee
📂 Under the Rule 45 subpoenas
unless modified by the protective order….”
- @kimkep4796

[KKep @kimkep4796]

🦋⚖️ $MMAT / $MMTLP — Meta Materials Inc.
⚖️ U.S. Bankruptcy Court, District of Nevada
📄 ORDER ON MOTION TO QUASH
📅 Filed: May 27, 2026
⚠️NLA

🚨 BIG PICTURE — WHAT JUST HAPPENED?

Judge Gary Spraker just issued a MAJOR ruling against:

🏢 Citadel Securities
🏢 Virtu Financial
🏢 Anson Funds

These firms tried to QUASH (block) the bankruptcy trustee’s subpoenas seeking trading data tied to:

📈 $MMAT
📈 $TRCH
📈 $MMTLP

The Judge said:
❌ The subpoenas are NOT being fully thrown out.
✅ The trustee CAN obtain important trading records.
⚠️ BUT there will be strict protective-order limitations.

⸻
🧠 LAYMAN’S TERMS

The trustee believes there MAY have been market manipulation or wrongful conduct connected to Meta Materials trading activity.

The trustee is trying to determine:

🔍 Was trading activity harming the company?
🔍 Did it impact fundraising?
🔍 Did it damage the bankruptcy estate?
🔍 Are there potential legal claims worth pursuing before statutes expire?

The Judge basically said:

“The trustee has the right to investigate.” ⚖️
⸻
📌 THE COURT EMPHASIZED RULE 2004 IS VERY BROAD

The Court repeated that Rule 2004 examinations are basically:

🎣 “Fishing expeditions”
📂 Broad investigative tools
🔎 Used to uncover wrongdoing or estate assets

The Judge cited multiple cases saying trustees can investigate third parties to determine whether wrongdoing occurred.
⸻
🚨 HUGE PART — THE COURT ACCEPTED THE TRUSTEE’S THEORY ENOUGH TO ALLOW DISCOVERY

The trustee identified:
📊 11 separate “events”
where Meta or Torchlight allegedly:

💰 Sold treasury shares
📉 Issued dilution
📈 Raised capital
📄 Issued warrants/acquisition stock

during periods where the trustee claims trading manipulation may have affected pricing.

The Non-Parties argued:
❌ “Meta wasn’t actually selling into the manipulated market.”
❌ “The trustee lacks standing.”
❌ “This is too speculative.”

Judge Spraker was NOT persuaded enough to stop discovery. 👀
⸻
⚠️ VERY IMPORTANT — THE JUDGE DREW A LINE

The Court said:
🛑 This is NOT the stage where the Court decides whether Citadel/Virtu/Anson actually committed wrongdoing.

Instead:
✅ The trustee only needs enough justification to INVESTIGATE whether viable claims might exist.

That distinction matters A LOT.
⸻
👀 THE JUDGE ALSO SHOWED SOME CONCERN

This part is important.
The Court acknowledged concerns that:

⚠️ The trustee’s special counsel is involved in OTHER securities litigation against Citadel and Virtu.
⚠️ Rule 2004 discovery cannot simply become a shortcut for outside litigation.
⚠️ Discovery should benefit the bankruptcy estate — not unrelated lawsuits.

So the Judge imposed guardrails.
⸻
🔒 PROTECTIVE ORDER INCOMING

The Court ordered the parties to negotiate a STRICT protective order.

That order must:

🔒 Limit use of produced data -THIS bankruptcy
🔒 Limit use to trustee-related litigation
🔒 Restrict dissemination of data
🔒 Restrict access to trustee + approved professionals only

🚨 RESPONSE DEADLINE:
📅 June 18, 2026 — Protective order must be submitted to the Court.
⸻
🚨 BIGGEST DEADLINE OF ALL

📅 JUNE 25, 2026
The Judge ordered Citadel, Virtu, and Anson to PRODUCE:

📊 Market-wide trading data
📈 For the 161-day schedule identified by the trustee
📂 Under the Rule 45 subpoenas
unless modified by the protective order.

That is the MAJOR headline here. 🚨🚨
⚖️ WHAT THIS MEANS PRACTICALLY

The trustee now gains access to a significant amount of trading data that the Court believes may help determine:

🧩 Whether viable claims exist
🧩 Whether wrongdoing occurred
🧩 Whether the estate suffered damages
🧩 Whether litigation should be filed before limitation deadlines

This does NOT mean:
❌ Anyone has been found liable
❌ Manipulation has been proven
❌ The trustee automatically wins anything
BUT…
✅ The investigation survived.
✅ Discovery survived.
✅ The Court largely sided with allowing investigation over shutting it down.

SIGNIFICANT legal victory for the trustee!