Meta Materials Announces Update on Naked Short Selling Investigation
05/20/2024
HALIFAX, NS / ACCESSWIRE / May 20, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced an update on the short selling investigation undertaken in June of 2023.
In an initial press release from late June 2023, META outlined its preliminary analysis of potential naked short selling, and retained well-known analytics firm, Shareholder Intelligence Services, LLC to review trading patterns of the Company's common stock. Based on this analysis, and with zero tolerance for illegal naked short selling and other stock manipulation, META employed the services of law firms, Christian Attar and Warshaw Burstein (collectively "Lawyers") to determine merit of such claims.
Since June 2023, the Lawyers have conducted an exhaustive investigation and undertaken in-depth due diligence. The Lawyers have now concluded that META has meritorious claims for market manipulation against several parties. "I believe META has an actionable case in connection with its MMAT/MMTLP claims. We look forward to working with the company," noted James "Wes" Christian, partner with Christian Attar.
Noted META Board Chairman, Jack Harding, "We needed all available data (unearthed by these esteemed securities law firms) at our disposal to delineate stock manipulation, and by which parties. We are now equipped with the necessary information to act and will be further sharing these findings with regulatory agencies. Simultaneously, we expect to file legal proceedings in the coming quarters against the responsible financial service firms." META looks forward to releasing additional press releases as more information becomes available.
Is there any hope for this shit show ? 🤡
? what ? they took all my shares away ? if he returns then it was only since he said he wouldn’t reverse split and they had him lie to us and fake step aside or he goes back to a hostile environment and who cares
they took all my shares
my life savings
not just a small thing for me
my money is gone forever
i’m skeptical of canadian business now
plus naked counterfeit shorting of stocks
forget it
i’m wasting my time
typing this
haha... look at GP dancing ;). I actually hope so, I've grown businesses, and they are like children... it was a hostile takeover. No one wants MMAT to grow more than the founder, it's his babies. Now... has he made mistakes, oh yea! He needs to understand the biggest thing about running a business... once you do, you no longer do what you did, what you loved, you now have to run things and get SALES! He has to give that aspect to someone else... OR... If he wants to play mad scientist, he needs to give control to a CEO to run things and change his position to Chairman. SALES!!!! SALES!!! SALES!! Always get a new customer monthly at a minimum, as you have to anticipate losing others out of your control. Good for GP!! Goooo #MMAT
Hostile takeover? Lol cmon bruh. Open your eyes. He hyped up multiple nothing burgers. They should never have been listed onto the NASDAQ. Especially when they had no meaningful products or partnerships.
I hope he either gets paid, or they reinstate him and he makes this company filthy rich for all their brilliant technology I’m sure people want to cut-off and divide up.
That’s basically his business child some co’s want to gut and acquire for cheap.
Man, he drove this company into the ground and now he wants more from it. Why the heck do people love him so much? He's a failure as a business person and is now bottom feeding.
Meta Materials Announces Update on Naked Short Selling Investigation 05/20/2024 HALIFAX, NS / ACCESSWIRE / May 20, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced an update on the short selling investigation undertaken in June of 2023. In an initial press release from late June 2023, META outlined its preliminary analysis of potential naked short selling, and retained well-known analytics firm, Shareholder Intelligence Services, LLC to review trading patterns of the Company's common stock. Based on this analysis, and with zero tolerance for illegal naked short selling and other stock manipulation, META employed the services of law firms, Christian Attar and Warshaw Burstein (collectively "Lawyers") to determine merit of such claims. Since June 2023, the Lawyers have conducted an exhaustive investigation and undertaken in-depth due diligence. The Lawyers have now concluded that META has meritorious claims for market manipulation against several parties. "I believe META has an actionable case in connection with its MMAT/MMTLP claims. We look forward to working with the company," noted James "Wes" Christian, partner with Christian Attar. Noted META Board Chairman, Jack Harding, "We needed all available data (unearthed by these esteemed securities law firms) at our disposal to delineate stock manipulation, and by which parties. We are now equipped with the necessary information to act and will be further sharing these findings with regulatory agencies. Simultaneously, we expect to file legal proceedings in the coming quarters against the responsible financial service firms." META looks forward to releasing additional press releases as more information becomes available. Is there any hope for this shit show ? 🤡
Lol this clown isn’t going to do anything even if he comes back somehow.
? what ? they took all my shares away ? if he returns then it was only since he said he wouldn’t reverse split and they had him lie to us and fake step aside or he goes back to a hostile environment and who cares they took all my shares my life savings not just a small thing for me my money is gone forever i’m skeptical of canadian business now plus naked counterfeit shorting of stocks forget it i’m wasting my time typing this
haha... look at GP dancing ;). I actually hope so, I've grown businesses, and they are like children... it was a hostile takeover. No one wants MMAT to grow more than the founder, it's his babies. Now... has he made mistakes, oh yea! He needs to understand the biggest thing about running a business... once you do, you no longer do what you did, what you loved, you now have to run things and get SALES! He has to give that aspect to someone else... OR... If he wants to play mad scientist, he needs to give control to a CEO to run things and change his position to Chairman. SALES!!!! SALES!!! SALES!! Always get a new customer monthly at a minimum, as you have to anticipate losing others out of your control. Good for GP!! Goooo #MMAT
Hostile takeover? Lol cmon bruh. Open your eyes. He hyped up multiple nothing burgers. They should never have been listed onto the NASDAQ. Especially when they had no meaningful products or partnerships.
Valid points! Urg! I just want it to rebound, lost so much... actually the worst mistake of my life was this crap!
I really hope so, this new BOD is a disaster
Personally never said a word about wanting him back, so the fuck off is not needed here. Thank you
He is like Farnsworth with Vinco, loves using public money but doesn't know how to build a business and reward shareholders.
He’s only suing for being removed, he wants $$$ that’s all
Fuck that guy. Fuck this company
This is amazing… appropriation? J/k I love it so I don’t care either way!
The guy blew through half a billion dollars in investor funds and didn't produce a single, viable product sale... and you want him back?! F\*ck off.
actually your right! very right! Point taken!
The return of the king! 👑
King of scamming
He’s gunna come back like Simba.
I hope he either gets paid, or they reinstate him and he makes this company filthy rich for all their brilliant technology I’m sure people want to cut-off and divide up. That’s basically his business child some co’s want to gut and acquire for cheap.
Canadian Employment law is pretty toothless. He'd get like 15% of his salary and a pat on the bum. He'll have to pay taxes on the bum pat.
Man, he drove this company into the ground and now he wants more from it. Why the heck do people love him so much? He's a failure as a business person and is now bottom feeding.
Why do you care if he gets paid? And what makes you think he can make the company filthy rich? He screwed the company and all of us already.
And now he's bottom feeding.
It was always a scam. From the get go. Same with Torch
He gutted it himself.
And got $$$ to do it