Investors saw the writing on the wall, there was no short squeeze happening here and they were selling. The last day that MMTLP traded last Thursday it lost almost half its value, relentless selling. If an enormous short position of 10s of millions of shares had to cover in days, they would have been covering a long time ago. We have now listened to the logic of the youtubers and one thing they all seem to miss is that MMTLP was not trading like a stock that had this enormous short position stuck in it during the last week. Youtube Bird lady rollerpigions saying there was millions of MMTLP shares short and then the Torchlight CEO John Brda appearing on multiple live streams with Bird Lady agreeing with everything she was saying and going as far as saying that “everything Bird Lady was saying was right over the bullseye” this gave her an air of legitimacy, we believed her. As for the short squeeze, we believed just like everyone else, MMTLP was skyrocketing up the charts, dozens of YouTube channels, stock twits, reddit everywhere else all saying the same. Everyone who was invested in MMTLP will now be shareholders in Nextbridge Hydrocarbons, a private Company. FINRA rightfully halted the stock to protect shareholders who would have bought MMTLP after the 8th because anyone buying after the 8th did not get the Nextbridge shares and would have been buying an empty placeholder. This of course is not what happened FINRA is not corrupt and they are not working with anyone. If you go on YouTube there are dozens of videos now saying that FINRA is corrupt and working with the hedge funds to screw the little guy and that what happened to MMTLP is “unprecedented” and nothing like this happens on the bulletin boards. Our thoughts on MMTLP and what happened: As everyone knows by now MMTLP was halted and will not resume trading again. The Company filed an S-1a4 on November 9 and the only changes from the S-1a3 is the filing included 9 months of data versus 6 months of data signaling we could be days away from S1 approval. Meta Materials Inc (OTCMKTS: MMTLP) had an enormous day on Wednesday rocketing to highs of $9.95 in the afternoon before another short attack near the close brought it under $9 again for a close of $8.85 per share.
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