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Torchlight short squeeze9/26/2023 ![]() I’m still not sold, but I’m open to believing it, especially if this play really takes off. That said, the past several months, I’ve noticed some of these “codes” do actually seem to occur around similar events to which they correspond. I’ve seen it as a bit of a reach, bordering on conspiracy theory. ![]() Until fairly recently, I’ve been doubtful of this. For example, instead of 100 shares, they may order 911 shares, signifying some meaning to other market makers. ![]() Market makers supposedly will place orders for odd lots of shares. The 505 he’s speaking of comes from an unproven list of supposed market maker codes. This gives you the option to sell for handsome prices by Dec 12.įor those who dare seek the next dimension, ? Will happen to the stock price if you sell between Dec 13-14. To avoid destruction, the shorts must buy back all shares by Dec 12, 2022. Shorts must start covering all shares by Dec 12 or they will be auto liquidated by the brokerage firm which will just take their accounts and go down the list of retail sell orders and buy MMTLP shares for whatever price is listed, essentially paying a kings ransom to shareholders and utterly bankrupting shorts in the process. 505 Market Maker signals go out at 3:59 PM EST today Dec 8, 2022: Shares Not Found.ġ1) The Future: Retail buys will be turned off from Dec 9-14. Shares will be DELETED on Dec 12 and shorts will owe shares of something that no longer exists. 911 Market Maker signals “News Incoming” herald the news of the event so shorts and market makers can prepare for the newsĩ) PRESENT: Thanks to a flaw in the FINRA notice to Brokerages involving the word “canceled” shorts continue shorting with impunity despite notice that the market for MMTLP will close Dec 12 They choose to interpret “shares will be cancelled” as “debt will be forgiven/written off as losses by the brokers who will fit the bill”ġ0) BREAKING NEWS: DTCC cottons on to the bullshit, amends “cancelled” to “deleted”. Shorts have to close at this point, they appeal to SEC, FINRA, DTCC to stall going privateĨ) Grassroots protests on Social Media force SEC and subsequently FINRA to fold. Dividend becomes “transferable”ħ) NextBridge takes over the MMTLP project. So basically here’s what happened in a nutshell:Ģ) Mormons took over the town they lived inģ) People shorted it to zero (good short actually, smart)Ĥ) CEO John Brda hires geologist to survey the land, finds 3.2 Billion Barrels of oilĥ) Reverse Merger with MMAT to trap shortsĦ) Shorts escape! Using a word called “transferable” to slime their way out. Best thing to do is wait watch and call your Congressional representatives FINRA is breaking the law in front of all of us. There are far too many shares for this to go into NextBridge legally and FINRA is in violation of the SEC ruling regarding this stock. UPDATE: REMAIN CALM THIS IS UNPRECEDENTEDįINRA has just posted a U3 (Financial Unprecedented Event for this stock) and halted trading.
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