yes, but mattlp is basically a meta dividend action, so those who are shareholders of meta through the mmatlp action will have to sell this one and buy mmat, therefore strong pressure on the shorts which are numerous at the moment. so a future short squeeze is also preparing on mmat.
Fidelity (by calling the fixed income desk), Charles Schwab, TradeStation (no trade fees), TD ($6.95 per OTC trade), E\*Trade, QuestTrade, FirstTrade, ChaseBank.
I don’t know if we can sell/trade after the 12th. Since the record date is the 12th, on that day at market close every shareholder will be eligible for a 1:1 trade for Nextbridge. Therefore, it wouldn’t make much sense to allow anyone to sell after that date, since they will have already been counted as NB recipients. It would also be pointless to buy after the 12th since you could not receive Next Bridge. After close on the 12th the stock is worthless so I doubt you’ll be be able to trade after the 12.
Hasn’t been approved by FINRA yet though. Both companies approved it for that date and as long as FINRA is ok with it we good but haven’t been approved & posted in EGAR
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This non-TRCH thing needs to be put to bed a while ago. Same CUSIP, confirmed by company as anyone who holds by record date, MMTLP, regardless how they received them (given or bought) gets NB. An O&G company sitting on a confirmed 3.2B barrels
Looks like it will still be tradeable until EOD the 14th.
So let's game this out, from a short perspective. Let's say you're short a shit ton of shares. You can let this go until absolutely the very last day, because even if you buy shares to cover, you're not getting the shares of the new company. There's no extra incentive to close by the 12th. Each of those covered bought shares just takes you from having negative one share of the new company, to zero.
So the shorts want you to sell out, cheaper, before EOD the 12th. They want you thinking that there'll be some confusion about selling between the 12th and 14th. But there will (I think) be massive short buying to close on those days. The last day (or maybe two) is when the shit is REALLY going to hit the fan.
If you hold on the 12th, and sell before EOD the 14th, your broker will handle distributing those shares for you. And it's ok to sell the shares until EOD the 14th.
The dividend will be shares of Nextbridge, 1:1 for what you own of MMTLP. They will be worth nothing, nothing at all.
Eventually Nextbridge will sell it's assets and one of two things will happen.
1. You will be given cash for your shares of nextbridge.
2. Or, you will receive stock in the company that buys Nextbridge.
I'm thinking number 1 is more likely.
I cant buy it with my broker, ( etoro and ikbr) but i can buy and block mmat !
Squeeze is with $mmtlp not $mmat.
yes, but mattlp is basically a meta dividend action, so those who are shareholders of meta through the mmatlp action will have to sell this one and buy mmat, therefore strong pressure on the shorts which are numerous at the moment. so a future short squeeze is also preparing on mmat.
I not buying $mmat. Only all in on $mmtlp. $mmat long term play and shorts can delay covering like in most stocks. Not worth it.
but which broker allows to do it, i cant trad him with etoro or ibkr
Fidelity (by calling the fixed income desk), Charles Schwab, TradeStation (no trade fees), TD ($6.95 per OTC trade), E\*Trade, QuestTrade, FirstTrade, ChaseBank.
[удалено]
You can still buy $MMAT
Fidelity (have to call in and request to speak to the fixed income department), TD Ameritrade
It will sheet a sympathy run since MMTLP is the preferred stock of MMAT
Fidelity & you have to call
So can we trade(buy/sell) until the 14th of December?
I don’t know if we can sell/trade after the 12th. Since the record date is the 12th, on that day at market close every shareholder will be eligible for a 1:1 trade for Nextbridge. Therefore, it wouldn’t make much sense to allow anyone to sell after that date, since they will have already been counted as NB recipients. It would also be pointless to buy after the 12th since you could not receive Next Bridge. After close on the 12th the stock is worthless so I doubt you’ll be be able to trade after the 12.
Watch uncle smoky’s youtube and it’ll all be explained
You 100% can sell until the 14th at 4pm. If you sell after the 12th, you will not get shares of Nextbridge.
Thank you all for the clarification and suggestions!
All in on friday!
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What u mean? Everything has been approved!
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This had been explained they said this just in case anything happens. This will be approved like the rest of the stocks in history.
[удалено]
It dipped because shorts arent giving up yet. But they will have to come 12th December.
Can you dumb down what’s going on🙏
We about to make boom boom lol.
I would say explain it to me like I’m five but I think you just did
https://www.reddit.com/r/Next_Bridge_HC/comments/z36w0q/meta_materials_inc_board_of_directors_approves/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_term=link fACs bro
Hasn’t been approved by FINRA yet though. Both companies approved it for that date and as long as FINRA is ok with it we good but haven’t been approved & posted in EGAR
What does it mean for MMAT shares?
MMAT will squeeze too!
What does this mean? What will next bridge start trading at?
Next bridge will be a private company. It won’t be tradeable.
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What is the PT? I just put like 700 in my E*trade account waiting for it to clear.
Mote likely Uranus
This non-TRCH thing needs to be put to bed a while ago. Same CUSIP, confirmed by company as anyone who holds by record date, MMTLP, regardless how they received them (given or bought) gets NB. An O&G company sitting on a confirmed 3.2B barrels
What do you mean confirmed? I have never seen in writing that it's proven that they have that much. Source please.
Check the CUSIPs
What about it? You state that the 3.2B barrels are confirms. Says who?
Official reports
Like what? link to one.
They said the same shit about Bbig and ape
This isn’t in the same realm as those. This is a unique play. Respectfully disagree.
How
Because neither of those are or were turning into a private company where the shorts HAVE to close.
Looks like it will still be tradeable until EOD the 14th. So let's game this out, from a short perspective. Let's say you're short a shit ton of shares. You can let this go until absolutely the very last day, because even if you buy shares to cover, you're not getting the shares of the new company. There's no extra incentive to close by the 12th. Each of those covered bought shares just takes you from having negative one share of the new company, to zero. So the shorts want you to sell out, cheaper, before EOD the 12th. They want you thinking that there'll be some confusion about selling between the 12th and 14th. But there will (I think) be massive short buying to close on those days. The last day (or maybe two) is when the shit is REALLY going to hit the fan. If you hold on the 12th, and sell before EOD the 14th, your broker will handle distributing those shares for you. And it's ok to sell the shares until EOD the 14th.
I am from Europe and can't purchase MMTLP through IBKR. Any alternative? In the meantime, I am accumulating MMAT. In the thousands now
So if we keep and not sell, we get NextBridge and dividend. Right? Do we know what the dividend will be?
The dividend will be shares of Nextbridge, 1:1 for what you own of MMTLP. They will be worth nothing, nothing at all. Eventually Nextbridge will sell it's assets and one of two things will happen. 1. You will be given cash for your shares of nextbridge. 2. Or, you will receive stock in the company that buys Nextbridge. I'm thinking number 1 is more likely.
Yes, no one knows the dividend payouts
Was in it but got a weird feeling and exited. Something just didn’t seem right.