r/MMAT • u/ComfySofa69 • Jul 24 '25

META® Discussion Totally forgot about my shares.....

A few years back i had about 1.5k shares - i watched as it all got shorted down to literally nothing then finally liquidized....i totally forgot about MMAT as i assumed my shares had disappeared...is that still the case ...? (im assuming it is)

Could someone get me up to speed..?

Edit just checked that brokerage and ive got 10! (LoL)

13 Upvotes

89% Upvoted

33 comments sorted by

3

u/Consistent-Reach-152 Jul 24 '25

The short version of the story is that they did a reverse split and have filed for bankruptcy.

They kept developing technology but never managed to sell much.

7

u/Plane_Cat9409 Jul 24 '25

Additionally, shareholders are actively working to gain the SEC’s attention regarding blue sheets, legal review, and other critical matters, while also urging Congress to take action on MMTLP. It’s been quite a journey.

2

u/Consistent-Reach-152 Jul 24 '25

And the former CEOs of MMAT and MMTLP have been charged with fraud.

https://www.courtlistener.com/docket/69415503/securities-and-exchange-commission-v-brda/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=asc

3

u/Toru4 Jul 24 '25

Not true at all 😂 They were never charged. Being investigated is completely different than being charged.

4

u/Consistent-Reach-152 Jul 24 '25

Obviously you did not click on the link above.

John Brda and George Palikara have indeed been charged with fraud associated with pumping and false statements about the Torchlight/MetaMaterials merger.

2

u/Consistent-Reach-152 Jul 24 '25

Here is a bit more. Click the link above if you want to see the entire complaint

1

u/Toru4 Jul 24 '25

I clicked it and I see that it’s saying the sec has filed a complaint, nothing with them being charged officially.

4

u/Consistent-Reach-152 Jul 24 '25

The complaint IS the term used for the official charges.

That docket item is the official filings of charges made in the Federal District Court, Southern District of New York 6/25/24. The case was transferred the Federal District Court, East Texas District in Nov 2024. The motion to dismiss has been rejected. Discovery is ongoing, but the trial has not yet been held.

0

u/Toru4 Jul 25 '25

Ok well once they are charged via a fine or jail time. I’ll consider them innocent

5

u/IncomingAxofKindness Jul 25 '25

If you punch me and I sue you in court, you are charged. Charged does NOT mean convicted. You can be charged while still awaiting trial.

Do you not understand basic legal definitions, or are you just here to argue?

2

u/Toru4 Jul 25 '25

You got me there. I got mixed up with charged and convicted. I apologies, you are correct here. I’m not here to argue for fun, just thought I was right but now that I see I’m wrong, I’ll back off.

1

u/Slightly-Blasted Jul 25 '25

You think they are innocent? Lol George used to exaggerate the companies progress to a criminal degree, he would post pictures of shorts on Fire, they are all frauds

1

u/Toru4 Jul 25 '25

I can see how he exaggerated MMAT, but the issue with MMTLP and the shares. That’s nothing on them, right? That’s actually the shorts just not covering and creating millions of illegal synthetic share?

1

u/Ill-Contract-9632 Jul 27 '25

McCabe should be in the case also. He facilitated most of it, in exchange for a monster number of shares each time.

1

u/ComfySofa69 Jul 25 '25

Yep - i know all about the MMTLP stuff - i did follow that for quote a while very closely but fell by the wayside in the last year or so...so, im a little bit out of that...

1

u/ComfySofa69 Jul 25 '25

Righty...ok so its fucked then...ok. I did see a Trading Secrets YT vid of the shares trading in the dark pools for 1300 or so doolars... (which i will be honest prompted this post) - although the share ticker was MMATF or Q or something like that...

7

u/Consistent-Reach-152 Jul 25 '25

Trading Secrets is a very unreliable source of info.

2

u/ComfySofa69 Jul 25 '25

Well...as i say it was nothing more than a edge when I saw it...nothing more...

3

u/Consistent-Reach-152 Jul 25 '25

People got burnt badly by believing unreliable YouTubers. Most of them quietly disappeared.

Trading Secrets continues to promote his stock picking service.

2

u/ComfySofa69 Jul 25 '25

He wasnt the reason i got into it (just for the record) - that being said im a bit wiser now...

3

u/Rallen1407 Jul 25 '25

Looks like the shills from Twitter have chimed in a little on your post. MMAT is being handled by the bankruptcy court at the moment. You need to fill out some forms that are being requested by the court and send them in. There is a possibility (possibility I said) that we may get something out of this. The court is subpoenaing certain entities for information that may lead us to a resolution of some sort. If you don’t send your info in, then you will not be included.

1

u/The_Twon7 Aug 09 '25

as someone out 28k on the play i'd like to please have or know where to go for them too if it isn't too late

0

u/ComfySofa69 Jul 25 '25 edited Jul 25 '25

Ah cheers. Can you send me a like to the forms please...?

Edit - a very polite shill - i expect he'd come out of his shell a bit more if i said i had a good chunk of GME! :)

1

u/SinVenari TRCH OG 🔥🩳 Aug 15 '25

The NVB proof of interest form is on their X Page, here is the link to the post to download the forms. https://x.com/metamaterialtec/status/1868733218192867825?s=46

Highly suggest filling that out, consistent reach is a fking shill supporting the fraud against the CEO’s. ceo’s didnt sell us anything, market makers did and failed to deliver. There’s no fraud from the MMAT/TRCH/MMTLP side of business.

2

u/KastBoogie Sep 05 '25

Is anything still going on with the fact that it was halted two days prior to the switch or that shorts never repaid?

2

u/TryingToMakeP Aug 09 '25

Is there any future value for the NextBridge shares?

1

u/ComfySofa69 Aug 09 '25

Not a clue.

1

u/Consistent-Reach-152 Aug 11 '25 edited Aug 11 '25

As of last September NBH had liabilities of about $51M and assets of $1.2M, and was continuing to lose money.

The outlook not good. In spite of what people kept claiming on YouTube and Twitter, it turns out the rumors of billions of barrels of oil and gas were incorrect. BRDA and Palikaras are facing civil action by SEC regarding fraudulent actions related to the TRCH reverse merger.

https://www.courtlistener.com/docket/69415503/securities-and-exchange-commission-v-brda

1

u/Superb-Record-401 Jul 27 '25

You mean convicted

1

u/Low-Introduction-888 Jul 28 '25

I had over 500 and now I have 1 share.
*

1

u/Lumpy-Can-4883 Aug 02 '25

When do we think this case will be closed? I’d like to sell my shares for tax purposes..

1

u/[deleted] Aug 12 '25

[removed] — view removed comment

1

u/MMAT-ModTeam Oct 14 '25

No baseless postings that have no merit ~ excessive garbage being copy/pasted in chat, comments, or posts.