MMTLP Investors Want Their Two Trading Days Back
#IWantMy2Days is circulating on social media as MMTLP investors demand for the two trading days FINRA abolished when it delisted the ticker in December.
Shareholders are also requesting the self-regulatory organization releases their blue sheets, data files which contain both trading and account holder information and provide regulatory agencies with the ability to analyze a firm’s trading activity.
MMTLP investors have also begun reaching out to the Oversight Committee, which is in charge of ensuring the efficiency, effectiveness, and accountability of the federal government and all its agencies.
Shareholders are stating that the Oversight Committee is aware of what’s happened with MMTLP but are refusing to speak more on it.
There are no answers to whether the Oversight Committee will take any action yet but investors who have reached out have said that the committees are very well aware of the events.
Now former CEO John Brda of Torchlight, which merged with Meta Materials in 2021 says Subpoenas will go out.
Though we have yet to receive an official update on these actions today.
What Happened with MMTLP?
Investors who held shares of MMTLP stock on the record date of December 12 would receive a preferred dividend of Next Bridge Hydrocarbon on Wednesday, December the 14th.
Investors anticipated a long-awaited MMTLP short squeeze during the last few trading days prior to the spinoff — primarily due to big buying volume flooding the market to receive Next Bridge Hydrocarbon shares.
However, MMTLP stock stopped trading on Thursday, December 8 after FINRA delisted the security without notice or warning.
Now shareholders are demanding FINRA reinstate trading of MMTLP stock for the Friday and Monday the regulator abolished trading without notice.
The MMTLP scandal has been deemed one of the biggest Wall Street frauds in recent history.
Tens of thousands of shareholders lost their entire savings and retirement money in a flash without warning.
FINRA responded to investors affected by the aftermath but only acknowledged the events without providing retail investors with a proper solution.
MMTLP shareholders say they want their two trading days back — giving them with the opportunity to at the very least take their money out from the security.
A Strong Message from John Brda
If you’ve been following the MMTLP story, you’ve seen me publish this response from John during a space call I was invited to speak in.
I wanted to know John’s thoughts on whether he thinks there will be some sort of justice or solution for shareholders, or whether he thinks FINRA will simply try to dismiss the event without taking any real accountability.
Here’s what he had to say:
“What’s interesting is that we’re going to find out one way or another, whether we have to do it through the court system or whether congress is going to effectuate change in a way that they can.
We’re going to find out, we’re not gonna stop in this effort so, we have what we believe are, if we end up filing suit in that manner, we have what we believe are basically bulletproof items that will survive motion to dismiss, and then the discovery process starts.
And then discovery is a wide-open door for us to understand actually who all the bad actors are, you know broker dealers involved, market makers, hedge funds, FINRA, DTCC, everybody; everybody’s gonna get subpoenaed for their information.
So, no I don’t believe it’s gonna go away and no I don’t believe it’s gonna be swept under the rug.
We’re hitting this from both angles, through congress and through the court system and we’re not going away — it’s just not gonna happen”, said John Brda.
A special thanks to the MMTLP community
I’d like to give a special thanks to everyone in the MMTLP community who has supported my journalism in the wake of exposing their story.
And a big shoutout to BusyBrands, Ham, Pedro, Terryz, and Meta News.
🤝
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