in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Here is my reasoning / thought process for transferring a significant portion of my shares to AST
1 - I would like to receive the NBH Newco shares
2 - After reading the FINRA letters, it is obvious that FINRA will do everything they can to prevent trading
3 - I am aware that I can never trade the shares I have transferred
4 - Brokers are liable for NBH shares
5 - Brokers may run out of shares to transfer.
6 - Brokers may try to make individual deals w/ NBH to obtain shares
7 - if deals are made w/ NBH for additional shares, I believe NBH will get a significant cash infusion
8 - that cash infusion can result in a significant dividend from NBH
9 - the shares I have not transferred are still eligible for trading (on the off-chance it might trade - shorts to close or be force-closed)
I believe there are 480M shares of NBH that are owed by brokers to LONGS.
Only 165M shares were issued.
Once Brokers are drained of their shares - they must negotiate a settlement - either w/ NBH or shareholders
Once 165M shares are DRS - that's basically game over for the Brokers
67 - 19
Looks like Congress is going to Meet with and Ask Questions of FINRA ...
twitter.com/anna_trades/status/1666167827466711040
116 - 13
Terry Younker (@Terryz24) will be hosting a Twitter spaces w/ John Brda (@johnbrda) (former CEO of Torchlight Energy) on Monday
https://youtu.be/1FXUNUlaMOY
Date : Monday 5/15
Time : 5PM EST
Twitter Space : twitter.com/i/spaces/1yNGaNvkqVnJj
I will be co-hosting with the esteemed
@GrayTendo
Would love to see you there
Twitter Spaces have a limited life-time (Twitter takes them down after a certain period of time)
23 - 1
Congress briefed & investigating $MMTLP situation
Congress is officially requesting Blue Sheets
( @mikealex543 Howard is also requesting the Blue sheets via FOIA)
SEC & FOIA had an all Emergency All Hands meeting this morning
(the Monday after FOIA info was released on Saturday)
Fox Business News interested
Big Thanks to @JunkSavvy for hosting the Twitter space where she summarized all this for me.
twitter.com/JunkSavvy/status/1642903224255672320
175 - 14
Check out Richard Hoffman's take on the FOIA info about MMTLP & FINRA (from SEC)
https://youtu.be/zRv1Ic81t5M
(Personally, I would say his take is better than my take - very highly recommended)
17 - 1
check out Jon's channel - does a good job - worth watching - I watch his videos :)
youtube.com/@JustJonW
36 - 6
John Brda provides an update on MMTLP on Twitter spaces : twitter.com/i/spaces/1zqKVPRWbVXJB
FINRA released a "FAQ" about MMTLP today :
www.finra.org/investors/insights/FAQ-MMTLP-corpora…
FINRA is likely responding to pressure from Congress - we know they refer retail to their Ombudsman's office (which is a black hole - when complaining about FINRA itself).
I was going to make a video in response to FINRA's FAQ (I've already made several Tweets this morning about FINRA's FAQ) - but John Brda's talk on Twitter says everything that needed to said.
(I will likely make a video response later - but I recommend everyone listen to the John Brda Twitter spaces talk)
58 - 1
President of OTC Markets (Cromwell Coulson) starts talking about MMTLP today on twitter ...
123 - 18
FYI : FINRA confirms today - they will be making a public announcement ...
twitter.com/Bryan04711/status/1622651705111216152
66 - 16
I am not a financial advisor. This is not financial advise. This is channel is for entertainment and educational purposes only.
You are always free to buy or sell whatever you want, whenever you want, at whatever price you want.
Twitter : @tonys_twits
Reddit : u/tonys_357