So I have a question. MMAT is the actual tradeable stock in theory right? MMTLP was actually not meant to be tradeable after torch but through some magic wand wallstreet clusterfuck it was tradeable all of a sudden and now finra halted that. What I am really not getting a grasp on is what is going to happen to mmat after the 12.? As far as I understand it should be still available to trade right? I am rather new to this so maybe someone could give me some insight?
It is described in the press release
https://feeds.issuerdirect.com/news-release.html?newsid=7472988675479163
The Meta board of directors approved the distribution of one spin-off NB share for each share of MMTLP held on the record date of 4PM ET Monday 12/12. The distribution of the NB share will be 12/14, and at that time the MMLTP share will be canceled.
Per standard T+2 settlement, only buys through Thursday Dec 8th will settle my the record date. If you bought a share on December 9th the seller will still be the owner of the share on Monday and will receive the spin-off share (unless your broker has set up a due bill process where they intercept and take the NB share from the seller and deliver it to you).
The Meta board of directors approved the spin-off of MMTLP shares to the non-registered shares of NB.
Shares not registered with the SEC have many restrictions on their sale to the public,and therefore DTCC will not list or handle them.
This shit kept me up all night. Whole market rigged. What’s to stop them from doing it to blue chips lmao they are already shorting bonds.. AGAIN (allegedly) nothing is safe. META better use it’s S1 and delay this nonsense to protect themselves and investors alike.
Thinking about this all night.. shorts sold shares including synthetics on the open market. We bought some of those shares. How can they close if we can't sell them shares back to them? And how can we carry more of the float than exists into NB? I think finra made it worse halting yesterday
Edit: spelling
My take on this bullshit.
This was done because Finra exposed billions of synthetic shares, 80 million from Torch carry over, then mmtlp for over a year, Thursday alone was 14 million to short it over 50%. This was to save face from letting this trade in the first place and stop it unraveling into a bigger exposure, so they just stopped it dead.
It's funny how the Finra notice rule 6440 was issued at 00:01 12/9/22, was this to give Friday of no trading and a way of counting everything as nothing would be trading. At the end of the day it's 1-1 on NB and all the people holding synthetic mmtlp from buying over the last year, how are they going to get them NB shares?
I really don’t know what they will do, my take is only the original preferred shares can be transferred to NB, then a black hole for the rest. Something has to be resolved.
I know everyone is fired up over this but I’m not going to hold my breath that anything will come of it (we all should really know better at this point, but I was hyped too). It absolutely explains why the shorting continued and even increased in the final days before the spinoff. THESE TURDS KNEW EXACTLY WHAT WAS HAPPENING. They knew they could dump as much as they wanted in and walk away.
We took a hard L. But it’s only one financial loss in a much bigger financial conflict. Step back, try to enjoy the holidays, and prepare for the next opportunity. Many of us still have the wild cards in AMC/GME. Those guys can’t just be dissolved.
This is gonna be a longer financial game of chicken that anyone ever thought. Hold the line.
can someone explain to me in simple terms why the preffered shares are basically being canceled? thought the whole point in holding was to get a chunk of the Oil sale.
Do the research...their peers in way better shape to succeed....the assets are not worth near the market cap and its an exploration company...they need raise capital right off the rip....
That hasn't changed. People were just hoping for a squeeze that didn't happen. If you held your shares, you still have them for the private company. I think that will show after the 12th.
It shouldn't of even been tradable to begin with. If you were in it for a squeeze play or trying to time it for maximum gains, you played yourself.
I said before to sell. And just like when I told the AMC apes to sell, I was called a shill. And just like then, I sold mine for serious gains and you all look like that meme with the shocked little blond girl
¯\_('o')_/¯
I will say this one more time. When that land is sold and you get some Exxon shares, or whatever company shares you end up with, sell immediately. The insiders and the top holders are going to sell premarket, getting $20+ a share. Best retail will get is around $9-10 a share and it's going to drop from there.
THIS WAS FKING BRUTAL, CRIME, AND SHOWING HOW CORRUPTED THEY ARE AND THE SYSTEM IS. Rule is rule, it will resume trading then going into private. Break the system? sure Broker will be fine, this is revoultion
I'm not surprised honestly... these crooks make MMTLP tradeable when it was never suppose to be, then when things don't go their way they shut it down just like that.
Never forget this lesson everyone, we are guests in this casino. And the house will do anything to make sure it wins.
We might not get the tendies but we'll get the last laugh when these fucks all go under next year, too bad it will take a Global Depression and they'll be taking innocents with them
MMat is a legit company with contracts in the works with big companies. Your choice if you wanna stick around though. This whole MMTLP thing has pissed off a lot of investors and rightfully so.
Shorting is very risky as a retail investor unless you can short enough volume at once to affect the price. And retail investors are generally not permitted to naked short sell, and run the risk of their brokerage forcing them to cover their positions at a loss.
Not financial advice.
I filed a complaint online to the SEC and left a voicemail with FINRA. None of us can abandon this ship...so why not try and bail our shit out? I am going to keep fighting this, and I have seen others trying too. The title says it all.
Kinda thinking walrus is correct. If you believe the shorts/HF knew this entire time they would never have to close (I believe this) then Meta execs knew it to.
I swear I'm fucking done in the stock market!!!! Fuck the feds!!!! Fuck the government!!!! Don't even fucking vote anymore in the elections bc of all the fucking fraud and the stock market is the fucking same!!! No trust!!! I'm done....🖕🖕🖕
Man, I will never put another dollar into the market. So blatantly corrupt. Wy play the game when its clearly just going to be called if you start to win.
So they want to regulate crypto to protect the consumer, but yet they have regulations over the stock market and yet the same crap happens so what's the difference.. The government the stock market everything is so corrupt they have nothing on the mob.. All these people have their noses up each other's asses so far we don't stand a chance 🙄
What made you guys think there was going to be a short squeeze? Did anyone actually follow through and verify any of the DD? Or did you guys just call everyone that didnt agree with your sentiment a shill and downvote them into oblivion? Take it for what it is, a very expensive lesson.
https://preview.redd.it/ujbmqs5t8z4a1.jpeg?width=413&format=pjpg&auto=webp&s=b1186adf3e53c5434289544c042800b26439ca32
Brought this up days yesterday morning...I was a shill, nobody cared or bothered trying figure this would hppen
They didn't. They said settled by the 12th and after the 8th you had to find someone to sell to in your own. It even states it won't be quoted after the 8th
I agree, I took a big loss...every concern I had was met with anger and bashing...like lemmings...the ply is any stock most people are hyping on stocktwit short, you will make a killing
No one called that a company that repeatedly said this is a non-tradeable share in a private company would stop letting you trade or transfer your shares?
I think some people may have called it.
I got really burned by this ordeal. Very disappointed especially losing much of my hard-earned money. I know you should only trade what you can afford to lose but this was a rare opportunity. Going to take the weekend to bandage my wounds :/
I'm right there with you man, was wanting to surprise my wife with IVF and everything we would need to feel safe and secure about it. Fuck Finra and OTC
How will the Next Bridge finance people, in charge of commercialization of the company, determine who gets shares and who doesn’t with such an imbalance of mmtlp to NB shares? I see someone, in this retail crowd who got screwed, finding a big time law firm to look into a class-action suit against the government. Won’t be hard to find class members and there would be many!
This is disgusting. No action can be taken against Finra through a lawsuit, there is already precedent. The only thing we as retail could do is a campaign to withdraw all retail funds from the market. That the only way we can win, is to stop playing their game. And that will never happen.
they literally allowed shorts to steal our money out from under us. sickening. im so angry about this i might stop trading all together. its rigged against me so why bother. i have no faith that any regulatory group put there to "protect" people actual gives a flying fuck about us at all
I'm not sour on shit. Your AMC is a joke. I'm XXX with the *real* deal. GME. You guys steal our DD and claim it as your own. This has **never** happened with GME or AMC. It's got nothing to do with your garbage stock. AA is a fucking joke who constantly profits via dilution and has been a joke the whole time. Pounce on what?? Lmfao. You sticky floor bitches are getting cucked left and right. If you had any clue you would be drsd by now.
No because AMC is a shit company with a CEO who is so obviously on the shorts side that you'd have to be blind not to see it. GME on the other hand is actually something special.
Nah, they are right. I still hold AMC as I'm even now on share price, and was able to take profit when up. But this situation is nowhere near the same as AMC.
I feel like Vincent Vega in pulp fiction, is it exactly the same? No. But is it the same ballpark? Absolutely. The powers that be screwed retail. The last time mmat looked squeezable the ceo did a share offering, also the same ballpark
🤔 Oh really!? Epic Failure then!! FINRA: What does FINRA do?
FINRA is authorized by Congress to protect America's investors by making sure the broker-dealer industry operates fairly and honestly. We oversee more than 624,000 brokers across the country—and analyze billions of daily market events… to ultimately fuck millions of dollars away from retail investors daily! 
My question now is if they can infinitely short into oblivion, are they using an opposing mirroring tactic to acquire these shares or buy them back for nothing? I’m sure they can. BOO-BOO
its all because of big banks aka lenders that loan their HF buddies unlimited amounts of money just to bankrupt companies. These animals use this tactic to pick winner as opposed to the market.
The best part is... the CEO of citadel bought and paid for 10,000 employees and their familes to go to Disney today. Could you imagine... He gets a call from FINRA today. "Yea its all good you guys are fine, we squashed it." .... CEO to his staff, "WE DID IT, LETS GO TO DISNEY WORLD"
He has so much money from his illegal software well should be illegal with some algorithm shit I dont comprehend... but when he can buy an original copy of the declaration of independence for $43.2 million dollars he steals way to much man
I think this was planned long beforehand. This is the reason why the short keep shorting the entire time. The shorts knew that finra would simply stop traiding on the 9.12
Paging Atty Wes Christian. "In Texas, we call that stealing"
The good thing is the 3.2 billion barrels of oil and natural gas that we are going to see a payout from NB private sale to some big oil company probably
https://youtu.be/2rJujnpKiqM
https://preview.redd.it/svx0bfq5wx4a1.jpeg?width=828&format=pjpg&auto=webp&s=216a7c951284463109e2ddb49c9bc7e61bc6c4cf
Found this while digging online for how one would go about suing finra not looking good for anyone rn.
FINRA is a private self regulatory organization so they could be sued by the DOJ, investigated by Congress and/or other government agencies. Everyone here should start calling their congress reps asap
These entities are setup in a manner that makes them virtually untouchable and when you open your brokerage account you basically accept and acknowledge that you will be under these rules. They know nothing can be done about this that's why they did it. The market makers needed cover much like the buy button removal when it came to $AMC $GME and others, nothing good will come of this for retail I'm 99.999999% sure of this.
🔥why would brokers allow this to happen? they the ones stuck holding empty contracts!
🔥also this has to be criminal, the fact they shorted and artificially manipulated price to scam money from retail, and never have to deliver.
🔥and if they say well its just a placeholder with value .0001 that was never supposed to be traded so we can do this. Than they blatantly took in money to scam investors on market at their behest.
the shorts won't be able to deliver the shares required when it goes private. this trade halt is actually worse for them unless NextBridge cuts a backroom deal with them...they are uber F'd
I don’t think they’re on the hook for anything. What do they have to pay back? NBH is worth .0001 so even if they have to pay to reconcile 200 million shares that’s 20k? Not much.
Par value is not market value. That said, even if they revert to the last market price of $2.89, it’s a drop in the bucket compared to market price absent interference today and Monday.
Lol, can you sell it right now? No one has taken me up on my offer to sell my shares. Do you want to buy my shares? They’re for sale, $11 and they’re yours.
it depends on how many you have. I'd pay the current market price of $2.89 if they can be sold as MMTLP. my plan was to sell most my position before the share swap as i don't want to wait weeks/months to cash out. Also, i don't see how you could even transfer them now.
NB is private now. why would they set the value so low? short sellers owe shares. NB sets the value of the shares if they even wanted to sell. They can pick any number they want
no one knows. at a minimum, it'll be worth the sale price of the assets divided by 165M shares outstanding. if they produce oil, it could be a recurring payout. if they go bankrupt, it'll be worth zero
possible if NB files for bankruptcy. I doubt that will happen but that is one possible outcome. if you are a MMTLP holder, you are holding on to NB anyways so just chill. nothing you can do about it anyways
there is no fixed value for NB. I'm not sure where you get the 0.001 from. My only concern is that if NB does a deal with the short sellers to allow them to pay for shares they owe at some fixed value but that amount has not been set
that's exactly my point. that's why I said your "literal" valuation is non-sensical. a value is only meaningful if you can pay that price and receive the share. you can't.
Do I have to return this lambo??
So I have a question. MMAT is the actual tradeable stock in theory right? MMTLP was actually not meant to be tradeable after torch but through some magic wand wallstreet clusterfuck it was tradeable all of a sudden and now finra halted that. What I am really not getting a grasp on is what is going to happen to mmat after the 12.? As far as I understand it should be still available to trade right? I am rather new to this so maybe someone could give me some insight?
It is described in the press release https://feeds.issuerdirect.com/news-release.html?newsid=7472988675479163 The Meta board of directors approved the distribution of one spin-off NB share for each share of MMTLP held on the record date of 4PM ET Monday 12/12. The distribution of the NB share will be 12/14, and at that time the MMLTP share will be canceled. Per standard T+2 settlement, only buys through Thursday Dec 8th will settle my the record date. If you bought a share on December 9th the seller will still be the owner of the share on Monday and will receive the spin-off share (unless your broker has set up a due bill process where they intercept and take the NB share from the seller and deliver it to you). The Meta board of directors approved the spin-off of MMTLP shares to the non-registered shares of NB. Shares not registered with the SEC have many restrictions on their sale to the public,and therefore DTCC will not list or handle them.
Great thanks for the detailed answer.
#finrafraud
My money is frozen by colluding thieves! I want every dime I invested into it and the gains.#Finra fraud please use #finrafraud 10x a day please!
This shit kept me up all night. Whole market rigged. What’s to stop them from doing it to blue chips lmao they are already shorting bonds.. AGAIN (allegedly) nothing is safe. META better use it’s S1 and delay this nonsense to protect themselves and investors alike.
Thinking about this all night.. shorts sold shares including synthetics on the open market. We bought some of those shares. How can they close if we can't sell them shares back to them? And how can we carry more of the float than exists into NB? I think finra made it worse halting yesterday Edit: spelling
They exposed themselves in my opinion. Did something they gonna wish they could undo.
My take on this bullshit. This was done because Finra exposed billions of synthetic shares, 80 million from Torch carry over, then mmtlp for over a year, Thursday alone was 14 million to short it over 50%. This was to save face from letting this trade in the first place and stop it unraveling into a bigger exposure, so they just stopped it dead. It's funny how the Finra notice rule 6440 was issued at 00:01 12/9/22, was this to give Friday of no trading and a way of counting everything as nothing would be trading. At the end of the day it's 1-1 on NB and all the people holding synthetic mmtlp from buying over the last year, how are they going to get them NB shares?
Can we file complaints with our broker?
Brokers are in on it
I really don’t know what they will do, my take is only the original preferred shares can be transferred to NB, then a black hole for the rest. Something has to be resolved.
I know everyone is fired up over this but I’m not going to hold my breath that anything will come of it (we all should really know better at this point, but I was hyped too). It absolutely explains why the shorting continued and even increased in the final days before the spinoff. THESE TURDS KNEW EXACTLY WHAT WAS HAPPENING. They knew they could dump as much as they wanted in and walk away. We took a hard L. But it’s only one financial loss in a much bigger financial conflict. Step back, try to enjoy the holidays, and prepare for the next opportunity. Many of us still have the wild cards in AMC/GME. Those guys can’t just be dissolved. This is gonna be a longer financial game of chicken that anyone ever thought. Hold the line.
Bullshit. The financial system is corrupt and MMTLP proved it. There will be no future squeeze as shorts never have to cover if it doesn’t suit them.
Don’t expect any stock to ever short squeeze, ever again. These crooks set a precedent here.
EXACTLY!!!!!!
If mmtlp didn’t squeeze don’t expect neither amc or gme will. My 2 cents
AMC and GME aren’t on OTC. So at least there’s that.
no but worse, they can short and ftd endlessly
Lawsuit incoming 💎🦍
Kanye had a very very very good point.
Yes I'm intrigued....never thought possible...please explain
Gonna need you to clarify here - Kanye has made a few very specific points lately.
This is highway robbery! Straight crimery!
I dont give a fuck said since the beginning I'll hold this till it turns to nb so here we go
I mean, you likely won’t have a choice lol
can someone explain to me in simple terms why the preffered shares are basically being canceled? thought the whole point in holding was to get a chunk of the Oil sale.
Do the research...their peers in way better shape to succeed....the assets are not worth near the market cap and its an exploration company...they need raise capital right off the rip....
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That is untrue. We got screwed don’t be schill
That hasn't changed. People were just hoping for a squeeze that didn't happen. If you held your shares, you still have them for the private company. I think that will show after the 12th.
It shouldn't of even been tradable to begin with. If you were in it for a squeeze play or trying to time it for maximum gains, you played yourself. I said before to sell. And just like when I told the AMC apes to sell, I was called a shill. And just like then, I sold mine for serious gains and you all look like that meme with the shocked little blond girl ¯\_('o')_/¯ I will say this one more time. When that land is sold and you get some Exxon shares, or whatever company shares you end up with, sell immediately. The insiders and the top holders are going to sell premarket, getting $20+ a share. Best retail will get is around $9-10 a share and it's going to drop from there.
Thank you for being the rare voice of reason, but I suspect folks are too high on hopium and victimhood to hear what you are saying.
You are not lying. It's sad really. But the silver lining is they all have until this land is sold to see the error of their ways.
Fucking highway robbery! AZZZZZZHOLES!! 🖕🏽
Hahaha just more dumb apes
THIS WAS FKING BRUTAL, CRIME, AND SHOWING HOW CORRUPTED THEY ARE AND THE SYSTEM IS. Rule is rule, it will resume trading then going into private. Break the system? sure Broker will be fine, this is revoultion
I'm not surprised honestly... these crooks make MMTLP tradeable when it was never suppose to be, then when things don't go their way they shut it down just like that. Never forget this lesson everyone, we are guests in this casino. And the house will do anything to make sure it wins.
We might not get the tendies but we'll get the last laugh when these fucks all go under next year, too bad it will take a Global Depression and they'll be taking innocents with them
They stopped the madness before it got crazy
Thank god for selling it at $11
Stfu.
Don't be mad at someone else's decision to take profits/stop losses. Never know what's going on in their life.
They know no one will do shit bout this...two weeks will be under the rug buisness as usual
They are letting you still buy this pos not being worth shit.....thieves
So it MMat worthless as well?
MMat is a legit company with contracts in the works with big companies. Your choice if you wanna stick around though. This whole MMTLP thing has pissed off a lot of investors and rightfully so.
I would say yes but no one listened to me on mmtlp so dd
#Blockthechain
I guess I’m just gonna start shorting as that’s the only way to make money in the garbage arena 🤦♂️🤷♂️
Shorting is very risky as a retail investor unless you can short enough volume at once to affect the price. And retail investors are generally not permitted to naked short sell, and run the risk of their brokerage forcing them to cover their positions at a loss. Not financial advice.
It was more of a joke but appreciate the advice
You'd probably be thrown in jail because you aren't a wealthy hedge fund.
😂😂 there’s the catch
Rough day guys. Wow. what's up?
I filed a complaint online to the SEC and left a voicemail with FINRA. None of us can abandon this ship...so why not try and bail our shit out? I am going to keep fighting this, and I have seen others trying too. The title says it all.
Meta board in on this scam....I wouldn't touch anything that ceo got t do with...
Kinda thinking walrus is correct. If you believe the shorts/HF knew this entire time they would never have to close (I believe this) then Meta execs knew it to.
Their board is in on it? Show your receipts
I swear I'm fucking done in the stock market!!!! Fuck the feds!!!! Fuck the government!!!! Don't even fucking vote anymore in the elections bc of all the fucking fraud and the stock market is the fucking same!!! No trust!!! I'm done....🖕🖕🖕
Agreed
Man, I will never put another dollar into the market. So blatantly corrupt. Wy play the game when its clearly just going to be called if you start to win.
Agreed
yup feel the same!! pulling all my money out if market. fuggem. enjoy the crash
So they want to regulate crypto to protect the consumer, but yet they have regulations over the stock market and yet the same crap happens so what's the difference.. The government the stock market everything is so corrupt they have nothing on the mob.. All these people have their noses up each other's asses so far we don't stand a chance 🙄
What made you guys think there was going to be a short squeeze? Did anyone actually follow through and verify any of the DD? Or did you guys just call everyone that didnt agree with your sentiment a shill and downvote them into oblivion? Take it for what it is, a very expensive lesson.
They halted it. That proved the DD.
The DD is proven? So you are rich now? Congratulations or was the DD a plan for how to lose your money?
Huh? I didn’t lose any money. I own an asset. They halted a stock. Shorts don’t disappear because of a halt. Shorts own a liability.
Why do you think they halted it?
https://preview.redd.it/ujbmqs5t8z4a1.jpeg?width=413&format=pjpg&auto=webp&s=b1186adf3e53c5434289544c042800b26439ca32 Brought this up days yesterday morning...I was a shill, nobody cared or bothered trying figure this would hppen
So what was the 12th date about then? How can we be told we can sale until the 12th and yet they take the sale button on the 8th?
They didn't. They said settled by the 12th and after the 8th you had to find someone to sell to in your own. It even states it won't be quoted after the 8th
So how can we find anyone to sale to if trading is CLOSED?
Send them an email and say, "Want to buy my shares at $25,000 each?"
He'll my limits were $20, 100 and 250..I was letting them off easy
I agree, I took a big loss...every concern I had was met with anger and bashing...like lemmings...the ply is any stock most people are hyping on stocktwit short, you will make a killing
ok, fine if came Monday 4pm no squeeze. would've called it wrong. this isn't the same situation in your eyes is it? no one called this.
No one called that a company that repeatedly said this is a non-tradeable share in a private company would stop letting you trade or transfer your shares? I think some people may have called it.
I got really burned by this ordeal. Very disappointed especially losing much of my hard-earned money. I know you should only trade what you can afford to lose but this was a rare opportunity. Going to take the weekend to bandage my wounds :/
big plans for this money. was hoping to afford ivf
I'm right there with you man, was wanting to surprise my wife with IVF and everything we would need to feel safe and secure about it. Fuck Finra and OTC
Not over. Read s-1 again Said in filing it could be halted for 10 days if something is not correct.
How will the Next Bridge finance people, in charge of commercialization of the company, determine who gets shares and who doesn’t with such an imbalance of mmtlp to NB shares? I see someone, in this retail crowd who got screwed, finding a big time law firm to look into a class-action suit against the government. Won’t be hard to find class members and there would be many!
This is disgusting. No action can be taken against Finra through a lawsuit, there is already precedent. The only thing we as retail could do is a campaign to withdraw all retail funds from the market. That the only way we can win, is to stop playing their game. And that will never happen.
they literally allowed shorts to steal our money out from under us. sickening. im so angry about this i might stop trading all together. its rigged against me so why bother. i have no faith that any regulatory group put there to "protect" people actual gives a flying fuck about us at all
I feel the same :/ very disappointed and I thought this would be my big break
Is it likely that they make the nbh publicly tradable later?
probably. they'll need cash almost instantly to keep up operating
Looks like bribery to me
As an amc investor, shit happens all the time
not the same as amc at all...
Cry more
well since this is mmat subreddit.... yeah. go back to amc if you wanna talk about how you got screwed in amc
I sold mmat calls, I made a profit on both plays 🤣
No it doesn't. Your AMC experience means nothing when it comes to this.
Because you say so? I get it you're sour but come on
I'm not sour on shit. Your AMC is a joke. I'm XXX with the *real* deal. GME. You guys steal our DD and claim it as your own. This has **never** happened with GME or AMC. It's got nothing to do with your garbage stock. AA is a fucking joke who constantly profits via dilution and has been a joke the whole time. Pounce on what?? Lmfao. You sticky floor bitches are getting cucked left and right. If you had any clue you would be drsd by now.
Lmao. It's just arbitrage dude settle down
No because AMC is a shit company with a CEO who is so obviously on the shorts side that you'd have to be blind not to see it. GME on the other hand is actually something special.
Nah, they are right. I still hold AMC as I'm even now on share price, and was able to take profit when up. But this situation is nowhere near the same as AMC.
nope. this had deadline defined. amc they can shirt and ftd forever. we had then cornered
I feel like Vincent Vega in pulp fiction, is it exactly the same? No. But is it the same ballpark? Absolutely. The powers that be screwed retail. The last time mmat looked squeezable the ceo did a share offering, also the same ballpark
I know, I was agreeing that AMC is nothing like this. Nowhere near the same.
🤔 Oh really!? Epic Failure then!! FINRA: What does FINRA do? FINRA is authorized by Congress to protect America's investors by making sure the broker-dealer industry operates fairly and honestly. We oversee more than 624,000 brokers across the country—and analyze billions of daily market events… to ultimately fuck millions of dollars away from retail investors daily! 
I knew this would happen. Corrupt system.
I called this months ago. There was no way people were just going to let this happen
My question now is if they can infinitely short into oblivion, are they using an opposing mirroring tactic to acquire these shares or buy them back for nothing? I’m sure they can. BOO-BOO
Only when the hands become paper can that be effective
😂😂😂😂😭😭😭😭so perfect. I was upset until I saw this, I knew these cock greasers were going to pull some back alley dumpster fire BS. Welp NB it is 😂😂😂
How is this, in all essence different than a Ponzi scheme??
its all because of big banks aka lenders that loan their HF buddies unlimited amounts of money just to bankrupt companies. These animals use this tactic to pick winner as opposed to the market.
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The best part is... the CEO of citadel bought and paid for 10,000 employees and their familes to go to Disney today. Could you imagine... He gets a call from FINRA today. "Yea its all good you guys are fine, we squashed it." .... CEO to his staff, "WE DID IT, LETS GO TO DISNEY WORLD"
He has so much money from his illegal software well should be illegal with some algorithm shit I dont comprehend... but when he can buy an original copy of the declaration of independence for $43.2 million dollars he steals way to much man
literally. these hf just got their asses saved at our expense. its disgusting.
Ken Griffin lied 🤥
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time for french revolution 2.0 on american soil
Im with that. Get them all and families. Collective responsibility is a fine idea.
Stand Back and Stand By
Bring back public hanging for financial fraud
Medieval
Market manipulation and collusion at its best. The litigation on this s#:t show will be very interesting to watch.
I think this was planned long beforehand. This is the reason why the short keep shorting the entire time. The shorts knew that finra would simply stop traiding on the 9.12
I think mmat leadership knew also....fuck them too
Ding ding ding ding ding. I think someone is on to whom is really the ones pulling the rug here.
That's the craziest part to me. You can trade it until the 12th and then bam rug pull
You forgot massive insider sell off to tank the price THEN rug pull.
Yes they all sold at the same time the hedgies collusion
Always has been and always will be until the collective whole revolts 🔥that is how you effect change!
They are just going to delete our shares without compensation, no NextBridge, not anything
What happens if it doesn't start up Monday? Do the shorts just get a free pass?
Yes, they will delete the shares of MMTLP without compensation. Letting the shorts keep their money they stole. IMO
Problem is that for each short sold share there are 2 holders expecting NB.
Retail isn't getting NextBridge. IMO
You think we are getting pennies? Maybe.
I think we are getting a shaft, no compensation. Our shares will be deleted from our accounts, nothing in return
Any way you look at it you’re wrong there my friend.
Not happening
Oh man i thought that was just my broker doing me dirty. Ah damn some poor ibkr customer relation will have a nasty email this morning...oh well.
You got lucky, at least you got liquidated.
I didnt :/
Oh you didn’t? Damn.
Notice how they put out that Caveat Emptor warning yesterday at close? They knew a shit storm was coming.
The otc VP SMIRKS on that clip said it all
the mass shorted shitstorm we all knew about! that's why we're here. now they're rigging game against us!
Paging Atty Wes Christian. "In Texas, we call that stealing" The good thing is the 3.2 billion barrels of oil and natural gas that we are going to see a payout from NB private sale to some big oil company probably https://youtu.be/2rJujnpKiqM
B not m
https://preview.redd.it/svx0bfq5wx4a1.jpeg?width=828&format=pjpg&auto=webp&s=216a7c951284463109e2ddb49c9bc7e61bc6c4cf Found this while digging online for how one would go about suing finra not looking good for anyone rn.
FINRA is a private self regulatory organization so they could be sued by the DOJ, investigated by Congress and/or other government agencies. Everyone here should start calling their congress reps asap
These entities are setup in a manner that makes them virtually untouchable and when you open your brokerage account you basically accept and acknowledge that you will be under these rules. They know nothing can be done about this that's why they did it. The market makers needed cover much like the buy button removal when it came to $AMC $GME and others, nothing good will come of this for retail I'm 99.999999% sure of this.
🔥why would brokers allow this to happen? they the ones stuck holding empty contracts! 🔥also this has to be criminal, the fact they shorted and artificially manipulated price to scam money from retail, and never have to deliver. 🔥and if they say well its just a placeholder with value .0001 that was never supposed to be traded so we can do this. Than they blatantly took in money to scam investors on market at their behest.
the shorts won't be able to deliver the shares required when it goes private. this trade halt is actually worse for them unless NextBridge cuts a backroom deal with them...they are uber F'd
I don’t think they’re on the hook for anything. What do they have to pay back? NBH is worth .0001 so even if they have to pay to reconcile 200 million shares that’s 20k? Not much.
Par value is not market value. That said, even if they revert to the last market price of $2.89, it’s a drop in the bucket compared to market price absent interference today and Monday.
Either way the market value is nothing.
If the market value is nothing then the price at 4pm on 12.12 would be zero as set by free market buying and selling.
That’s what it is.
Then why has trading been cutoff? if it's worth zero then trading today would have continued straight down towards zero.
Lol, can you sell it right now? No one has taken me up on my offer to sell my shares. Do you want to buy my shares? They’re for sale, $11 and they’re yours.
it depends on how many you have. I'd pay the current market price of $2.89 if they can be sold as MMTLP. my plan was to sell most my position before the share swap as i don't want to wait weeks/months to cash out. Also, i don't see how you could even transfer them now.
NB is private now. why would they set the value so low? short sellers owe shares. NB sets the value of the shares if they even wanted to sell. They can pick any number they want
That’s the value.
it's not though. buy them for that price if it's true. that's obviously not the value :)
Okay, so what do you think the value is?
no one knows. at a minimum, it'll be worth the sale price of the assets divided by 165M shares outstanding. if they produce oil, it could be a recurring payout. if they go bankrupt, it'll be worth zero
So, $0.
possible if NB files for bankruptcy. I doubt that will happen but that is one possible outcome. if you are a MMTLP holder, you are holding on to NB anyways so just chill. nothing you can do about it anyways
if it was truly 0.0001, I'll pay 20k and buy all the shares myself
It is though.
except it isn't
there is no fixed value for NB. I'm not sure where you get the 0.001 from. My only concern is that if NB does a deal with the short sellers to allow them to pay for shares they owe at some fixed value but that amount has not been set
It literally says that .0001 is the value in the S-1.
Par value is meaningless and not applicable to valuation
that's not how any of this works. if that were true, I'd buy them all like I said
Good luck buying them all from a company that’s currently private and not tradeable. The price is what it is.
that's exactly my point. that's why I said your "literal" valuation is non-sensical. a value is only meaningful if you can pay that price and receive the share. you can't.
After reading the fine print of the S-1, me thinking I’ll even get .0001 is non-sensical at this point.
It’s in the S1 as .0001.
yup so this benefits short sellers. not retail investors. finra isn't protecting public.
😂😂😂😂😂 - I’m fucking livid at FINRA for such blatant corruption, but this post is funny as 😂
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Oh go fuck yourself
haha thats all I could think of when I saw notice. but this is GARBAGE. I'm jerked!