GoLeopard commented on a stock · Dec 7, 2022 02:15

Enquiry with FINRA

$Meta Materials Inc. Class A Preferred Stock (MMTLP.US)$

"Bird Lady" has clarified with recorded audio with FINRA, here are the key points:

1. The Length of Review - Normal practice is: FINRA will review and try to make it for the record date.

She cannot reveal which date will be done - when it is done, it is done. (So no date was given and I don't think they are authorized to leak out anything which is still under review).

2. if the review takes longer than the record date, then MMTLP can decide to resubmit with a later record date.

(There are cases where only 1 day notice is given, so expect 9 Dec worst case, or even worst case resubmit to change the record date.)

3. FINRA's 6940 Rule that John Brda tweeted and triggered FUD - FINRA may deny the Corporate Action due to Shorts not covered, settlement issues etc.

The rule actually applies to the transfer process of MMTLP to Next Bridge - between the old and new entities not the shorts, hedge funds, potential frauds themselves.

-- Not Financial Advice, Do your Own DD --

Here's the video:

MMTLP Phone calls with FINRA. 12-6-22