Meta Materials Inc (OTCMKTS: MMTLP) has a huge week ahead of it as the short squeeze enters its final days of trading and the huge estimated short position of 80-100 million now needs to be covered. The excitement over MMTLP is palpable with numbers like $60 per share or $80 per share at the height of the short squeeze and many investors vowing not to sell MMTLP for less than $100 per share. John Brda and Georges Palikaras have been busy on Twitter as we wait for the corporate action to be processed by FINRA and sent to brokers by DTC. As the shorts’ coverage time runs out, they continue to play short and distort, borrowing another 291,000 shares on Friday alone and launching 3 distinct short attacks throughout the day.
While the general consensus is the The MMTLP short position is between 80 and 100 million shareslong-term investors such as MarketMoves and Rollerpigeons estimate the MMTLP short position between 200 and 250 million. Those numbers could very well be correct, as John Brda said on a recent call with Rollerpigeons, Terry Younker and other youtubers covering MMTLP; “It’s okay, I mean, I think you’re doing a great job. I think I’ve said it once before, I’d say in 99% of the conversations you have, you’re right about things. There are some things I know that you probably don’t know, but nothing I know is important enough to affect what you do, just keep up the good work and keep doing what you’re doing.
MMTLP Weekend Update: The MMTLP shorts are still playing short and skewing the borrowing of another 291,000 shares on Friday alone, and launching 3 separate short attacks throughout the day keeping the price at just over $8 per share. However, MMTLP investors do not sell and like the Distribution The date is approaching between 80 and 100 million shorts to cover and things are about to get crazy. Expect the volume to start increasing very significantly. Currently, we are waiting for the OST to be processed by FINRA and sent to brokers by DTC. We first raised the whistle on MMTLP on October 16 in this article found here when MMTLP was $4 per share. We will be updating on MMTLP this weekend so Craft sure you are subscribed to Daily microcap by entering your email in the box below.
Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons spin-off from Meta Materials. One MMTLP (Series A Preferred Share) will be exchanged for one common share of Next Bridge once the spin-off is complete.
Next Bridge Hydrocarbons exclusively develops its Orogrande Basin asset, the Orogrande Project, located in the Permian Basin in West Texas. The Orogrande project has shown potential for a multi-pile pay zone, totaling 600 to 800 feet thick, with geological and reservoir similarities to the Midland Basin. 134,000 net acres, 3,150 potential wellsites and 3.2 billion to 3.7 billion potential recovery (BBL)
The Permian Basin, also called the West Texas Basinis a large sedimentary basin in west Texas and southeastern New Mexico, United States, noted for its rich deposits of petroleum, natural gas, and potassium. The Permian Basin is one of the most prolific oil and gas producing regions in the world. The Basin has produced a prodigious 29 billion barrels of oil since production began in 1921. However, despite this rich production history, its best days may be yet to come. Using new extraction techniques, oil companies have finally figured out how to release the oil and gas trapped in its unique geology encompassing multiple stacked layers of hydrocarbon-bearing rock formations. Permian Basin operators are pushing oil and gas production to new heights. Many of the country’s largest oil operators have long histories in the Permian including Occidental Petroleum, Chevron, ExxonMobil and Apache to name a few.
I have all the details of the fraud, I will give them to the right people for these longs https://t.co/jgIxHvK3fX
— HAM (@HAMShortkiller) December 1, 2022
FINRA plays it slow Of course. $MMTLP https://t.co/QZp2v0mItS
— HAM (@HAMShortkiller) December 2, 2022
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Today, META asked FINRA to stop $MMTLP Dec. 14 at close (current distribution date)… OR to freeze trading Dec. 12 at close (current record date). Please take the time to READ S1. NO public listing after distribution date, ie there is NO ex-dividend date.
—George Palikaras (@palikaras) December 1, 2022
Rollerpigeons said: “John Brda said he was very frustrated with the FINRA approval. Nextbridge needs to do it today. This does not mean 424 approval or fallout approval; those dates have already been approved by the FINRA. The dates on the prospectus have been approved by FINRA. So what FINRA approval do we need? There is a process to do so. You hear different things, FINRA, Corporate Action Notice is from FINRA The notice of OST is from DTCC so far brokerage firms have not received any corporate action notices… No one has received this notice as the process is not Some time after SEC approval and prospectus, FINRA approval and dates are all set, it is submitted to FINRA’s securities department for approval, and FINRA processes the corporate action for the CUSIP change. FINRA will therefore process the CUSIP change, the change to Nextbridge where there will be no CUSIP and MMTLP will be canceled and you will receive shares in the private company Nextbridge Hydrocarbons… FINRA does not inform brokers of this change, it is bureaucratic, so they publish it on the daily list…once it is posted on the daily list… DTCC sends notices to brokers. FINRA will not send a notice to brokers, DTCC will when they see it on the daily list. So FINRA is not done doing this and John Brda is frustrated… The shorts are going to take this information and they are going to twist it. there are many short positions that need to be closed. I calculate that there are between 216 and 280 million short MMTLP stocks, who are naked shorts, failed to deliver this need to close their positions. The dates are in dangling ink, December 12 and 14 are in dangling ink.
Terry Younker released another great video on MMTLP on Friday stating, “So HAMShortkiller has about 5000 subscribers a lot of the meta fam now follows this gentleman so his goal is to expose naked short sellers’ period… John Brda tweeted: @HAMShortkiller take a look at $mmtlp $mmat. I would be happy to let you know. This fits perfectly with the companies you are shedding light on. John Brda then pinned @HAMShortkiller’s tweet “$mmtlp spoke with him Great guy, I have all the details of the fraud, I will give them to the right people for these desires. Things are going to be happening here very soon, a lot of attention is on MMTLP. Last night George Remains tweeted: “Today META requested FINRA to stop $MMTLP on Dec 14 at close (current distribution date). Please take the time to READ S1. NO public quotes after distribution date. that’s to say there is NO ex-dividend Date.” he also tweeted: “the series A Meta Preferred Shares will NOT be eligible for DTC. The actual S1 form registration statement reveals this. Upon distribution, Series A Pref ($MMTLP) will be forfeited. (in in accordance with the Certificate of Nomination – Section 3 (e)”
Metamaterial News tweeted on Thursday that there were “Over 150 comments on the @FINRA page/post regarding MMTLP (Their Twitter engagement up 500%+) Over 200 mentions of $MMTLP and @FINRA from people Over 20 confirmed calls to FINRA regarding MMTLP We use our voice as investors, now see the action On Saturday he retweeted:
— ShortSqueeze (@AShortSqueeze) December 3, 2022
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John Brda h John Brda continued to tweet on Saturday Regarding the corporate action tweet: Friend spoke to Examiner @FINRA. He was told that they were fully aware of the $MMTLP issue, but could decline a title action or request an S1 change using the rule 6490..Last chip pt. in 6490 readings, may be refused if: there is significant uncertainty in the process of settlement and clearance of the guarantee. Say if denied for this reason since @FINRA listed $MMTLP with no issuer knowledge and fraud info. “While it seems unlikely that FINRA will approve the recording and distribution dates and then not process the corporate action, John Brda is continuing to investigate the tweets later. Saturday: “I hear that there is a bit of confusion. @FINRA didn’t inform anyone of anything. We keep pushing forward and will take it forward. “As we have been reports MMTLP has already been widely compared to the recent $HKD and Overstock $OSTK short cuts, which rose from $7 to $120 per share. We’ll update MMTLP as soon as something new happens, so be sure to subscribe to Daily microcap by entering your email in the box below.
Disclosure: We do not hold any position in MMTLP, long or short, and we have not been compensated for this article.
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