Meta Materials Inc (OTCMKTS:MMTLP) Massive Short Position In Trouble As Next Bridge Of Hydrocarbons Will Stop Trading (George Balecaras & John Barda on Company Actions) | Micro Cap Daily
Meta Materials Inc (OTCMKTS: MMTLP) is having a massive week as the short squeeze enters the final trading days and should now cover the huge position estimated at 80-100 million trades. The excitement over MMTLP is evident with numbers like $60 per share or $80 per share at the height of the short squeeze being put up and many investors vowing not to sell MMTLP for less than $100 per share. John Barda And the George Balikaras I’ve been busy on Twitter while we wait for the company’s action to be processed by FINRA and sent to the brokers by DTC. As they run out of short time to cover, they continue to play short and distort, borrowing another 291,000 shares on Friday alone, and launching 3 separate short attacks throughout the day.
While the general consensus is MMTLP’s short position is somewhere between 80 and 100 million shareslong-term investors such as MarketMoves and Rollerpigeons A short position estimate for MMTLP would be somewhere between 200 and 250 million. These numbers may be just as true as John Brda stated on a recent call with Rollerpigeons, Terry Younker, and other YouTubers covering MMTLP; “That’s fine, I mean I think you guys are doing a great job. I think I’ve said this once before, I would say in 99% of a conversation you’d say you’re right on the point about things. There are some things that I know, that you probably don’t , but nothing that I know of is material enough to affect what you do. Just keep doing the good work and keep doing what you do.”
MMTLP Weekend Update: MMTLP still shorts and borrows another 291,000 shares on Friday alone, launching 3 separate short attacks throughout the day keeping the price just above $8 a share. However, MMTLP investors are not selling as well distribution A close date somewhere between 80 and 100 million shorts to cover and things are about to get wild. Expect trading volume to start to increase significantly. At the moment, we are waiting for the company’s action to be processed by FINRA and sent to the brokers by DTC. We provided the heads up about MMTLP initially on October 16th in this article found here when MMTLP was $4 per share. We’ll update on MMTLP this weekend Manufacture Make sure you are subscribed Micro Capdili By entering your email in the box below.
Meta Materials Inc (OTCMKTS: MMTLP) It is the placeholder for Next Bridge Hydrocarbons Spin off Meta Materials. The MMTLP (Series A Preferred Share) will be exchanged into a single shared Next Bridge share once the sub-render is complete.
Next bridge hydrocarbons It exclusively develops the assets of the Orogrande Basin, the Orogrande Project, located in the Permian Basin of West Texas. The Orogrande project demonstrated the potential for a multi-stack thrust area, with a total thickness of 600 to 800 feet, with geological and reservoir similarities to the Midland Basin. 134,000 net acres, 3,150 potential well sites and 3.2 billion to 3.7 billion potential recovery (BBL)
The Permian Basin, also called the West Texas BasinIt is a large sedimentary basin in western Texas and southeastern New Mexico, United States, and is known for its richness in petroleum, natural gas, and potassium deposits. The Permian Basin is one of the most oil and gas producing regions in the world. The tub produced a miracle 29 billion barrels of oil Since it began production in 1921. However, despite its rich production history, its best days may lie ahead. Thanks to new extraction techniques, oil companies have finally figured out how to unlock the oil and gas trapped within their unique geology that includes several stacked layers of hydrocarbon-bearing rock formations. Permian Basin operators are driving oil and gas production to new all-time highs. Many of the country’s largest oil operators have a long history in the Permian period Including Occidental Petroleum, Chevron, ExxonMobil, and Apache to name a few.
GTII dollars $mmtlp $MMAT The great man spoke to him
I have all the details of the scam I give to the right people for those long times https://t.co/jgIxHvK3fX
– Ham (HAMShortkiller) December 1, 2022
FINRA slow play it for sure. $mmtlp https://t.co/QZp2v0mItS
– Ham (HAMShortkiller) December 2, 2022
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Today, META asked FINRA to stop $mmtlp On December 14th at close (current record date)…or to freeze trading on December 12th at close (current record date). Please take the time to read S1. There is no public trading after the ex-dividend date, i.e. there is no ex-dividend ex-date.
– George Palikaras (@palikaras) December 1, 2022
Male Rollerpigeons: John Burda has stated that he is very disappointed about the FINRA approval. Nextbridge needs to do that today. This does not mean the 424th or separate approval; Those dates are already approved by FINRA. The dates given in the prospectus have been approved by FINRA. So, what FINRA approval do we need? There is a process to do this. You hear different things, FINRA, the company’s action notice comes from FINRA. The notice of corporate action comes from the DTCC. The brokerages have not received any notifications of the companies’ actions yet… No one has received this notification because the process is not finished yet. Sometime after the SEC and the prospectus have been approved, the FINRA approval and the dates are all set, the approval is assigned to the Corporate Actions Department of FINRA, and FINRA processes the corporate action to change the CUSIP. So FINRA will process the CUSIP change, the change to Nextbridge where there will be no CUSIP and MMTLP will be canceled and you will get shares in the private company Nextbridge Hydrocarbons… FINRA does not notify the brokers of this change, it is bureaucratic, so they post it on daily menu… as soon as it is published in the daily list … DTCC sends notifications to the brokers. FINRA will not send a notice to brokers, as DTCC does when they see it on the daily list. So FINRA isn’t done doing this and John Brda is frustrated…the shorts are going to take that info and they’re going to distort it. There are too many short positions that need to be closed. I figure there are between 216 and 280 million shares of MMTLP short, Which is Naked Shorts, fails to provide that need to close their sites. The dates are in outstanding ink, December 12th and December 14th in outstanding ink.”
Terry Jonker put up another great video In MMTLP on Friday he says: “So HAMShortkiller He has about 5000 followers and a lot of meta fam is following this guy so his goal is to reveal vignettes sellers Period… John Breda tweeted: @HAMShortkiller Take a look at $mmtlp $obsolete. I’m happy to update you on speed. Totally goes with the companies they shine a spotlight on.” John Breda later pinned @HAMShortkiller tweeting back “$mmtlp Talk to him great man, I have all the details of the scam you’ll give to the right people for those long times.” Things are going to happen here very soon, and a lot of attention is going to be going into MMTLP. Last night George remains He tweeted: “Today, META has asked FINRA to cease USD MMTLP on December 14th at close (current distribution date). Please take the time to read S1. No public trading after distribution date. Which There is no previousDividend History.” He also tweeted: “The series a Meta preferred stock will not be DTC eligible. The effective registration statement for Form S1 illustrates this. Upon distribution, Series A Pref ($MMTLP) will be cancelled. (in As per the Certificate of Designation – Section 3(e)”
Metamaterial News tweeted on Thursday that there were “Over 150 comments on the FINRA page/post regarding MMTLP (their engagement on Twitter is 500%+) Over 200 references to MMTLP and FINRA from peoples’ posts. Over 20 confirmed calls to FINRA regarding MMTLP. Vote as investors now let’s see the action. On Saturday he retweeted:
#FINRAdoyourjob @tweet At least make a statement or get this show on the road..
Many investors see manipulation…$mmtlp $MMAT pic.twitter.com/rqTZnb5TW8
– Shortcut (AShortSqueeze) December 3, 2022
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John Brda h John Brda continued to tweet on Saturday Regarding the company’s action tweet: A friend spoke with the FINRA examiner. He was told that they are fully aware of the USD MMTLP issue but can decline the company action or request to change to S1 using the rule 6490 ..Another bullet point. At 6490 reads, it can be declined if: There is a significant amount of uncertainty in the settlement process and security clearance. Inform in case of refusal for this reason because FINRA listed MMTLP in dollars without the knowledge of the issuer and with fraud information. While it seems unlikely that FINRA would agree on recording and distribution dates and then not address the company’s actions, John Brda continues to investigate, tweeting later. Saturday: “I am We hear there is a little confusion going on. FINRA has not notified anyone of anything. We’re continuing to move forward and we’ll push this through.” As we have been reports MMTLP has already been widely compared to recent shorts HKD and Overstock $OSTK which shrank from $7 to $120 a share. We’ll update MMTLP as soon as anything new happens, so make sure you subscribe Micro Capdili By entering your email in the box below.
Disclosure: We do not hold any position in MMTLP either long or short and we have not been compensated for this article.
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