![]() 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. Should a significant short squeeze happen once the S-1 is approved, $30 to $60 per share is the most common estimate on MMTLP. When that happens and the brokers are just dumping stuff as Houston Wade pointed out, “we will see, p erhaps, just astronomical prices” Regardless for 80 million shares to be covered we will see a very, very significant increase in trading volume and ultimately the brokers will pay whatever price they have to, to close out the position. Once its approved the estimated 80 million share short position must cover within the next 15 days, and if they don’t cover their broker will cover the shares for them. Currently over $6.40, MMTLP is well on its way towards the $7.51 break point and confirmation of another massive leg up as we wait for the S-1 to be approved. Data for stocks traded on the NYSE, NASDAQ, AMEX and OTC are delayed 20 minutes.Meta Materials Inc (OTCMKTS: MMTLP) continues to rocket northbound since our last article on the Company predicting the start of the 2nd wave we are currently on when MMTLP had just moved over $4 per share. ![]() We will not be liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein. ![]() All information provided "as is" without warranty, for informational purposes only - it is not intended for trading purposes nor as advice. Data is deemed reliable but not guaranteed. For investment advice, please seek personal assistance from your financial adviser. Buying stocks or options will expose you to the risk of losing all or more than all of your capital. As you know, historical movements and returns are not indicative of future gains or market movement. All trademarks are the property of their respective owners.Īs a disclosure, nothing mentioned is a recommendation to buy or sell stock, nor is this a prediction upon the direction of the market. Short interest for stocks listed on Stock Exchanges: Copyright © 2023 ShortSqueeze® - Wetherill Investment Inc. ![]()
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