Zach

[George Palikaras @palikaras]

I am really happy to see that my post is sparking conversation and is making people think and question.

Introducing... ESMA SSR Article 16: https://t.co/kIkGNPwF6s

ESMA Short Selling Regulation (SSR) is Regulation (EU) No 236/2012.

It is EU law on short selling and certain credit default swaps. ESMA writes the technical standards and keeps the public lists. National regulators (BaFin, AMF, etc.) enforce it.

It has three jobs:
1. see large shorts,
2. ban uncovered shorts in scope shares, and
3. let authorities intervene in a crisis.

What it covers

It applies to:
- Shares admitted to trading on an EU/EEA regulated market or MTF
- EU sovereign debt and related sovereign CDS
- Location of the trader does not matter.
- A US or Cayman fund is in scope if the instrument is in scope.

Two extra gates for shares:
The share must be traded on an EU venue (TOTV).
The PRINCIPAL trading venue must be in the European Union, NOT a third country...

and so...
If the MAIN market is the US (or another third country), Article 16 EXEMPTS that share from:
- net-short notification (Art. 5)
- public disclosure (Art. 6)
- the uncovered short-sale ban (Art. 12)
- SSR buy-in rules (Art. 15)

ESMA’s example:
a US company also listed in Germany, but whose principal venue is the US, is exempt. That is why dual-listed US names and OTC-style paper often NEVER appear in EU short files.
ESMA publishes the exempted shares list (principal venue outside the EU).

this is just the tip of the iceberg...

[George Palikaras @palikaras]

Your math is a little off. The ratio of the total synthetic+float over the float becomes the multiplier. So if the number of synthetic shares are indeed over 11bn then the ratio over ~165M float is roughly 70x. For example, if they bought at $15 per share, 70x$15 =$1,050 per share to the ~165m MMTLP holders. If it was $1 then it becomes $70 per share and so on… Hope this makes sense. The key is to find the ACTUAL total number. This is the key!

[Beard Vet @Beardvet]

They Always say the Cover-Up is Worse than the Crime

Biden’s SEC was Corrupt and Complicit

[George Palikaras @palikaras]

Almost 1 year ago, @ElfCarbon made the increcible post below.

Upon thorough investigation, the @markets Bloomberg terminal screenshots show the face number is 11,849,153,000 units (M)

The "M" abbreviation on a Corp preferred DES screen is Bloomberg's standard "thousands" abbreviator (from the Roman-numeral mille), NOT the sovereign fixed-income "millions" $ convention.

Read that way, the Reopenings History row on the #MMTLP Preferred is asserting an issued/reopened amount on the order of 11.85 BILLION preferred shares, with Announce and Effective dates 12 December 2022, the day of the CUSIP deletion and the day before final cash settlement.

The publicly known MMTLP outstanding as of the September 2021 spinoff was ~165 million preferred shares.

If a Bloomberg terminal is showing a Reopenings row of 11.85 billion shares dated 12 December 2022 on the same preferred, that is NOT a rounding artefact and it is not a sovereign auction... it is either:

(a) a Bloomberg terminal data error on a security that was in the middle of its most contested corporate action of the decade, or

(b) a real reopening/issuance event on a preferred that was formally represented to the market as having been extinguished at the S1 record date.

Both readings are worth chasing. only one of them is a smoking gun, and neither is the message we have all been fed (since 2023) to believe in any FAQ...

[Paul Atkins @SECPaulSAtkins]

Thank you, President @realDonaldTrump!

Under your leadership, we are working hard to return the SEC to its core mandate, embrace innovation, and prioritize investor protection and prosperity. 🇺🇸

[ChrisMP @Chris13mp]

🚨 MMTLP — DO THE MATH.

If the alleged 11.8 BILLION MMTLP shares were oversold…

And every one of those shares ultimately had to be paid at $5,000…

11,800,000,000 × $5,000 = $59,000,000,000,000

🔥 $59 TRILLION.

Not $59 million.
Not $59 billion.

$59 TRILLION.

So I have one question:

WHERE ARE THE SHARES?

Who sold them?
Who owes them?
Who is responsible for making shareholders whole?

You can’t make 11.8 BILLION alleged obligations disappear by ignoring them.

The number of shares matters.

THE MATH DOESN’T LIE.

#MMTLP #MMTLPARMY #NextBridge #NakedShorts #ShortSqueeze #MOASS

[BusyBrands 🇺🇸 @busybrands]

🤯🤯🤯🤯👇🇺🇸🫡

[Beard Vet @Beardvet]

Largest Financial Crime in History, where’s @SECPaulSAtkins? 👀

[X Market News🚨 @xMarketNews]

BILLIONS….!!! $MMTLP

[PaulT @PaulusGreatus]

💥 MMTLP BREAKING NEWS!!! 💥

SEC Commissioner Hester Peirce reportedly acknowledged that regulators do not know how to resolve the complex issues stemming from the 2022 MMTLP U3 Trading Halt.

Background on the Quote
The phrase, "We don't know how to fix it" surfaced after remarks attributed to Commissioner Peirce regarding the difficulties of untangling the halted stock ledger. Executives and retail investors have repeatedly referenced this statement to highlight the ongoing regulatory gridlock.

Key Entities Involved
Next Bridge Hydrocarbons – The private oil and gas company that succeeded the MMTLP corporate positioning, whose leadership has repeatedly asked the SEC for a meeting to address ledger imbalances.
U.S. Securities and Exchange Commission (SEC) – The federal financial regulator facing sustained pressure from thousands of retail investors demanding transparency, an official share count, and a market fix.
Financial Industry Regulatory Authority (FINRA) – The private self-regulatory organization that ordered the abrupt U3 Trading Halt on December 9, 2022, which left shareholder positions frozen.

[Beard Vet @Beardvet]

There were only 165 Million Shares, yet Bloomberg data has just been decoded that Market Makers sold over 11 BILLION, with a B!!!

Largest Financial Scandal in History
@SusieWiles47 @SECPaulSAtkins

[IRONAPE_MMTLP 🇺🇸 @IRONAPE_MMTLP]

We're at 49,600 views. Let's get to 100,000! LET'S GO #MMTLP FAM!!!

WHAT THE HELL IS THE SHARE COUNT OF #MMTLP?

BE A DIGITAL RICHIE!

[DrewDiligence @KarmaCollects]

$MMTLP 🚨NEW ACTION🚨: NBH has been trying to get a meeting with FINRA and the SEC, but they've ignored him. So... I say we help him out! Even if they refuse, I think the fact that he tried will eventually come into play. Let's get a nice pile of calm, shareholder letters out, and place more emphasis on the PR. I can promise you, public outcry as to why 2 regulators wouldn't be willing to meet with an issuer is going to be helpful for whatever NBH does next. So... lets send these 2 emails, and fill out a simple form to support our Chairman.

BE SHORT, BE POLITE, INCLUDE YOUR STORY. IF YOU'RE A VETERAN, THROW THAT RIGHT IN THE SUBJECT LINE!

1. To Email Robert Colby:

To: [email protected]
Subject: Can be anything you like. "Simple Request" "Shareholders Need Help" "Please Take The Meeting". Whatever you want. Just be polite

Here's a quick template:

Dear Mr. Colby,

I am a Next Bridge Hydrocarbons shareholder. I am writing to ask you to take the phone call Greg McCabe requested via email on August 14.

On December 9, 2022, FINRA halted MMTLP two trading days before the planned spin-off. Brokers told clients we could sell through December 12. We could not. Those shares became Next Bridge shares that do not trade. That was more than three and a half years ago. It is still not over.

***Here is where you include your story. Your broker. Your shares. What you cannot do. What this cost you. Quick and easy.***

Mr. McCabe has asked you time and time again for a conversation, sir. You have corresponded with this company before. You know the file. Please hear the evidence the company says it has of unauthorized Next Bridge shares created by firms under your supervision, and offer what FINRA will or will not do to assist the company in resolving this issue.

Please accept the invitation. Speak with him. If a path exists, take it. If it does not, say so. Either is better than another year of unanswered letters.

Sincerely,
Full Name
Next Bridge shareholder
City, State

Edit how you like. But please, just send ONE email, and include your name. No threats. No 20-page attachments.

2. EMAIL Mr. Woodcock AND THE SEC via the official log. This is two steps, and I recommend that we do both.

A. TCR portal (this is the one that counts because it will get logged, and they CAN'T ignore this): https://t.co/ACShsUjFKe

Get through the fields, and keep it simple and polite. You are a shareholder. Represent yourself properly.

Matter: MMTLP / Next Bridge Hydrocarbons.

ATTN: David Woodcock, Director, Division of Enforcement.

Paste NBH's Aug 25 PR link at the top. Then simply paste what I wrote below (which will also be emailed).

Save the confirmation number.

B. Send this via email

To: [email protected]
CC: [email protected], [email protected], [email protected], [email protected]

Dear Mr. Woodcock and SEC Staff:

I am a Next Bridge shareholder. Our Chairman, Greg McCabe has written your offices numerous times (most recently August 7th, 2026) asking to present evidence of unauthorized Next Bridge shares created by U.S. broker-dealers, and offer the company's cooperation in resolving this issue. To date, this request has not been responded to.

[2–3 sentences of your story.]

I ask you with utmost respects, please take this meeting, sir. If a path exists to resolve this with the company, take it. If it does not, say so. Either is better than another year of unanswered letters.

I am also filing this through the TCR portal to ensure that a record of this request exists.

Sincerely,
Full Name
Next Bridge Shareholder
City, State

3. Rules

Write it yourself. We have the same ask, but we have different lives. Identical mass paste gets filtered.

Stay civil. McCabe asked for a conversation civilly. Do the same.

Do this one time. Then stop.

That is the whole plan. Simple. A seat at the table to provide an honest look at the facts, and hopefully, a path that is fair us.

Let's help our Chairman, and make sure they hear us.

[George Palikaras @palikaras]

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).

[John Brda @johnbrda]

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.

[PaulT @PaulusGreatus]

The MMTLP Fiasco is gaining more and more traction with each passing day!

Just be a little more patient...

O U R D A Y W I L L C O M E!

[Lowell ThePatriot @LowellEverly]

The SEC ignored veterans’ pleas for nearly FOUR YEARS.
Now President Trump inherits a cover-up of astronomical proportions.
This cannot stand.

[X Market News🚨 @xMarketNews]

MMTLP MAY BE GOING BACK TO D.C. IN FRONT OF THE U.S. CAPITOL 🚨

Charles Payne we ask if you please cover this &/or do an interview with @annvandersteel

Like 👍 if you want this @cvpayne $MMTLP

[BusyBrands 🇺🇸 @busybrands]

$MMTLP, please join @KatTheHammer1 today.
🇺🇸🫡👇👇👇

[General Mike Flynn @GenFlynn]

@IRONAPE_MMTLP @RepEliCrane I’ll push to congressman Crane.