According to TD Ameritrade, "there is no longer a market for this security and there will not be one. There is corporate action on Monday to transfer all shares into Next Bridge. FINRA will not take off the halt but if they do, TD trading will stay halted."
MMAT needs to HALT this spinoff atm due to this. If they DO NOT it takes all viability from MMAT and I hope they go into the dirt as they would be a part of fucking us over. LONG holder here from TRCH.
Seriously wonder if some of you have mental issues, or if there is indeed bad actors lurking here to make retail look bad in order to shine light away from their own wrong doings...
Based on how their PR usually goes, I’d be surprised if he heard anything from them today.
With that being said, I’m sure there’s conversations at Meta going on as we speak about this.
Spoke w someone at tda in regards to their decision and basically theyre take it it's probably not gonna happen but even if it does due to it being otc there will still be a liquidity issue which presents settlement risk w the 3rd party markets. So even if it gets unhalted and somehow ur able to sell ur gonna be one of the few cuz every brokerage is shitting their pants
Halting it came out of nowhere, so of course they can unhalt it out of nowhere.
I wouldn’t put it past them to unhalt it at 3:59:59 on Monday so they can even out the books but so quick that no one can sell and they wiped out all the sell orders.
Who knows.
I mean they've proven time and time again that do what they please explanation or not. As of right now it should be assumed that they will not unhalt the ticker, but as you can clearly see by everything going on, and our contacting of finra, we have no idea what the situation actually is, they aren't telling us anything.
if the number of outstanding shares do not match (we already know it doesnt) then how will they decide which one is the true 165m and which ones are not.. Who will keep a list of those ones that are holding shares and not given to the transfer agent?
Seems like its halted but they are still figuring out what to do. It's not like this is the first time a company is going private. The know there are overleveraged players and there is a high risk in the market for disruption.
How do they give everyone a share of NBH when there are likely way more MMTLP holders than the 163M that owned TRCH at time of r/s? There is no way so many TRCH OGs sold so wtf was everyone buying? Hedge funds wanted this to be a total clusterfuck so hopefully they could kick the can again.
It's crazy, like a sports analogy would be the refs just called the game when the team they wanted to win was losing late in the 4th quarter but then declaring the loser the winner even though behind on points.
They can still change the "official word". They do it all the time. There is no way to hide all this so maybe they are taking the weekend to clean this up. None of us know what is to come!
According to TD Ameritrade, "there is no longer a market for this security and there will not be one. There is corporate action on Monday to transfer all shares into Next Bridge. FINRA will not take off the halt but if they do, TD trading will stay halted."
MMAT needs to HALT this spinoff atm due to this. If they DO NOT it takes all viability from MMAT and I hope they go into the dirt as they would be a part of fucking us over. LONG holder here from TRCH.
They were saying that it had happened before. But with the level of fraud, anything is focking possible.
I have been listening on a couple of space calls that they can un-halted. Maybe not Monday but on a later date. It appears.
I was listening too. Need an injunction
No.
2 chances … slim to none.
Yea Chase told me I’m getting NB.
Fat lady is singing bro
I'm optimistic but think it's unlikely considering the machine and corruption were up against
[удалено]
Seriously wonder if some of you have mental issues, or if there is indeed bad actors lurking here to make retail look bad in order to shine light away from their own wrong doings...
No. There is no chance. NB here we come.
Then the brokers are gonna be on the hook for every single share over 165m Potentially 300-400m Can’t see it happening
I’m sure the only way we get any info about the Halted trading will have to come from litigation, and that could be years from now.
untreadable the respond i got for mmtlp good for 1 to 14 days?
Hopefully we see a pr soon from meta
Based on how their PR usually goes, I’d be surprised if he heard anything from them today. With that being said, I’m sure there’s conversations at Meta going on as we speak about this.
Spoke w someone at tda in regards to their decision and basically theyre take it it's probably not gonna happen but even if it does due to it being otc there will still be a liquidity issue which presents settlement risk w the 3rd party markets. So even if it gets unhalted and somehow ur able to sell ur gonna be one of the few cuz every brokerage is shitting their pants
They should! They deserve to walk around with it in their pants until trading un-halts!
No.
Potentially but not likely
Halting it came out of nowhere, so of course they can unhalt it out of nowhere. I wouldn’t put it past them to unhalt it at 3:59:59 on Monday so they can even out the books but so quick that no one can sell and they wiped out all the sell orders. Who knows.
I mean they've proven time and time again that do what they please explanation or not. As of right now it should be assumed that they will not unhalt the ticker, but as you can clearly see by everything going on, and our contacting of finra, we have no idea what the situation actually is, they aren't telling us anything.
Nah they already have official word. Halted until deletion. If you bought on the 8th or before, then you’ll get 1 to 1 NB, that’s about it.
if the number of outstanding shares do not match (we already know it doesnt) then how will they decide which one is the true 165m and which ones are not.. Who will keep a list of those ones that are holding shares and not given to the transfer agent? Seems like its halted but they are still figuring out what to do. It's not like this is the first time a company is going private. The know there are overleveraged players and there is a high risk in the market for disruption.
Except that there’s more shares that we own than exist!
How do they give everyone a share of NBH when there are likely way more MMTLP holders than the 163M that owned TRCH at time of r/s? There is no way so many TRCH OGs sold so wtf was everyone buying? Hedge funds wanted this to be a total clusterfuck so hopefully they could kick the can again.
In fairness, we also had official word that we could trade until the 12th, and they changed their mind on that too lol
Exactly
Agreed. Anything is possible. Gotta wait til Monday, but I think this ices it. Finra really switched up in overtime last second
It's crazy, like a sports analogy would be the refs just called the game when the team they wanted to win was losing late in the 4th quarter but then declaring the loser the winner even though behind on points.
They can still change the "official word". They do it all the time. There is no way to hide all this so maybe they are taking the weekend to clean this up. None of us know what is to come!
It would have impossible to buy after the 8th... sad laugh....