MMTLP. Can someone explain in laymens terms what is going on?

him once it opens for trading again. He's mentioned the government is investigating things etc.. I have heard some big names talk about it I'm just so ignorant on this and need someone to explain it to me like a child.

Btw, reason I'm wanting to learn more is because he's telling his family he's going to get a huge payday and it's like they are planning some big financial decisions based off what could happen and I don't want to see them do something to crazy and they get some weak payout from a lawsuit. $Meta Materials Inc. Class A Preferred Stock(MMTLP.US)$