Meta Materials Inc (OTCMKTS: MMTLP ) has a big week ahead as the short squeeze enters the final trading days and the massive estimated 80-100 million short positions should cover now. The excitement in MMTLP is felt at the height of the short squeeze being thrown around with numbers like $60 per share or $80 per share, and many investors are vowing not to sell MMTLP below $100 per share. John Brda and George Palikaras We’ve been busy on Twitter as we wait for the corporate action to be processed by FINRA and sent to brokers by DTC. With the shorts running out of time to cover, they continue to play short and skewed, picking up another 291,000 shares on Friday alone and staging 3 separate short forays throughout the day.
The general consensus is this MMTLP short position is between 80 and 100 million sharesLong-term investors like MarketMoves and Rollerpigeons Value the MMTLP short position somewhere between 200 and 250 million. As John Brda said on a recent call with Rollerpigeons, Terry Younker and other YouTubers covering MMTLP, these numbers may very well be correct; “Well, I think you’re doing a great job. I think I’ve said it before, 99% of the time I’d say you ignore everything. There are things I know that I probably don’t know, but nothing that I know is material enough to affect what you do. Just keep up the good work and keep doing what you’re doing.”
MMTLP Weekend Update: MMTLP shorts are still playing short and distorted by borrowing another 291,000 shares on Friday alone and launching 3 separate short attacks during the day, keeping the price just above $8 a share. But MMTLP does not sell investors and such distribution date is approaching somewhere between 80 and 100 million, and things are about to get wild. Expect the volume to start increasing very significantly. We are currently waiting for the corporate action to be processed by FINRA and forwarded to brokers by DTC. We gave up on MMTLP on October 16th in this article found here when MMTLP was $4 per share. We will update MMTLP this weekend make make sure you are subscribed Microcapdaily by entering your email in the box below.
Meta Materials Inc (OTCMKTS:MMTLP) Next Bridge Hydrocarbons from Meta Materials is a placeholder for Spin. One MMTLP (Series A Preferred share) will be exchanged for one Next Bridge common share upon completion of the spinoff.
Next Bridge Hydrocarbons is exclusively developing the Orogrande Basin asset, the Orogrande Project, located in the Permian Basin of West Texas. The Orogrande Project has shown potential for a multi-stack pay zone only 600 to 800 feet thick, with geological and reservoir similarities to the Midland Basin. 134,000 Net Acres, 3,150 Prospective Well Locations and 3.2 Billion to 3.7 Billion Potential Recoveries (BBL)
The Permian Basin, also called the West Texas BasinIt is a large sedimentary basin in western Texas and southeastern New Mexico, noted for its rich deposits of oil, natural gas, and potash. The Permian Basin is one of the world’s most productive oil and gas producing regions. The basin produced a miracle 29 billion barrels of oil Since the beginning of production in 1921. However, despite its rich production history, its best days may be ahead. Thanks to new extraction techniques, oil companies have finally figured out how to unlock the oil and gas trapped within its unique geology, which includes several stacked layers of hydrocarbon-bearing rock formations. Permian Basin operators are pushing oil and gas production to all-time highs. Many of the nation’s largest oil operators have a long history in the Permian including Occidental Petroleum, Chevron, ExxonMobil and Apache, to name just a few.
$GTII $MMTLP $MMAT spoke to him Big boy
I have all the details of the Scam, will give it to the right people for this long https://t.co/jgIxHvK3fX
— HAM (@HAMShortkiller) December 1, 2022
FINRA plays slow. $MMTLP https://t.co/QZp2v0mItS
— HAM (@HAMShortkiller) December 2, 2022
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Today, META requested FINRA’s suspension $MMTLP When it closes on December 14th (current distribution date)… OR freeze trading on December 12th (current record date). Please take the time to READ S1. There is NO open trading after the distribution date, meaning NO ex-dividend date.
— George Palikaras (@palikaras) December 1, 2022
Rollerpigeons said: “John Brda expressed his deep disappointment with FINRA’s approval. Nextbridge should do it today. This does not mean 424 confirmations or spinoff confirmations; these dates have already been approved by FINRA. The dates in the prospectus have been approved by FINRA. So, what FINRA approval do we need? There is a process for this. You hear different things, FINRA, the corporate action notice comes from FINRA. Corporate action notification comes from DTCC. So far brokers have not received any corporate action notices… No one has received this notice as the process has not been completed. Sometime after SEC approval and the prospectus, FINRA approval, and dates are all set, it goes to the corporate action division at FINRA for approval, and FINRA reviews the corporate action for a CUSIP change. So FINRA plans to change the CUSIP, the change to Nextbridge will be canceled where there is no CUSIP and MMTLP and you will be given a stake in the private company Nextbridge Hydrocarbons… FINRA does not notify brokers of this change, its bureaucratic, so they post it daily list…once it is posted on the daily list…DTCC sends notices to brokers. FINRA does not intend to issue notices to brokers, the DTCC does when it sees it in a daily listing. So FINRA hasn’t finished it and John Brda is pissed off… The shorts are going to get this information and twist it. there are many short positions that need to be closed. I estimate that between 216 and 280 million shares of MMTLP are short, Those with bare shorts need to close their positions if they can’t deliver. The dates are hanging ink, December 12 and December 14 hanging ink.”
Terry Younker has submitted another great video At MMTLP on Friday, he noted: “So A killer in short He has about 5000 followers, many meta families are now following this gentleman, so his aim is to expose bare shorts sellers period…John Brda tweeted: Take a look at @HAMShortkiller $mmtlp $mmat. I’ll be happy to get you up to speed. It fits perfectly with the companies you cover.” John Brda later tweeted @HAMShortkiller “$mmtlp I talked to him Big guy, I have all the details about the scam, I will give it to the right people for a long time. Things will happen here very soon, MMTLP is getting a lot of attention. George last night Palikaras tweeted: “Today META requested FINRA to freeze $MMTLP on December 14th (current distribution date). Please take the time to READ S1. NO open trading after distribution date. I mean there is NO pastdividend Date.” he also tweeted: “Serial A Preferred Meta Shares WILL NOT qualify for DTC. An effective Form S1 registration statement discloses this. After distribution, Series A Pref ($MMTLP) will be liquidated. (in Pursuant to the Certificate of Appointment – section 3(e)’
Metamaterial News tweeted Thursday that “@FINRA page/post has over 150 comments on MMTLP (Their Twitter Engagement 500%+). More than 20 confirmed calls to FINRA regarding MMTLP. As investors we use our voice, now let’s see the action. On Saturday, he retweeted:
#FINRA is your business @FINRA At least give a statement or send this show off..
Many investors see manipulation…$MMTLLP $MMAT pic.twitter.com/rqTZnb5TW8
— ShortSqueeze (@AShortSqueeze) December 3, 2022
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John Brda h John Brda continued to tweet on Saturday re corporate action tweets: Friend spoke to @FINRA examiner. He was told that they were very aware of the $MMTLP issue but could reject the corporate action or request a change to S1 using the rule. 6490..Last bullet pt. In 6490 readings, it can be denied if: there is significant uncertainty in the settlement and clearance process for the security. Let me know if @FINRA has been rejected for this reason as $MMTLP was listed with no issuer information and fraud information. “While it seems unlikely that FINRA would approve record and distribution dates and then not look at Corporate Action, John Brda continues to investigate the tweets afterward. Saturday: “I hearing there is some confusion. @FINRA has not notified anyone. We continue to move forward and we will overcome this.” As we are report MMTLP has been widely compared to $HKD and Overstock $OSTK short-term squeezes, which have already squeezed from $7 to $120 per share. We’ll update MMTLP as soon as something new happens, so make sure you’re subscribed Microcapdaily by entering your email in the box below.
Disclosure: We do not hold long or short positions in MMTLP and we have not been compensated for this article.