MMTLP Bulletpoint Timeline - Updated as of 04/13/2026

• November 30, 2023: In a letter to SEC Chairman Gary Gensler, Congressman Josh Harder (D-CA) calls for a thorough investigation into the MMTLP trading halt by FINRA, seeking assurance of no wrongdoing. He urges the SEC to release findings, including an audited share count, publicly. Congressman Harder emphasizes the need for clear guidance to constituents on their current holdings and a resolution timeline. Specifically, Congressman Harder requests details on the SEC's steps to collaborate with Next Bridge Hydrocarbons for a swift resolution. https://x.com/KarmaCollects/status/1730653517990465703?s=20
• December 4, 2023: Congresswoman Barbara Lee (D-CA), addresses a letter to SEC Chairman Gary Gensler, expressing concerns about FINRA's actions on Meta Material’s Series A Preferred Shares (MMTLP). Congresswoman Lee requests a thorough investigation, transparency in findings, clear guidance of what can be expected for constituents affected by the MMTLP trading halt, and a timeline by which this situation will be resolved. She emphasizes the SEC and FINRA's responsibility to protect investors and uphold market integrity, urging identification of any regulatory gaps for enhanced investor protection. https://x.com/KarmaCollects/status/1731861044450959375?s=20
• December 22, 2023: In an effort prompted by the receipt of over 40,000 letters from concerned investors, Congressman Ralph Norman (R-SC), as part of a group of 74 U.S. Congress Members, addresses a letter to the SEC Chairman Gary Gensler and FINRA President Robert W. Cook. This letter urges a review of events concerning Meta Materials Series A Preferred Shares (MMTLP), emphasizing concerns about a trading halt and possible nefarious short selling. Additionally, the Congressional Members pose specific questions regarding the trading timeline, regulatory authority, and circumstances leading to the halt. This letter seeks transparency to dispel misinformation and protect investors, while specifically requesting responses to be delivered by January 31, 2024. https://norman.house.gov/uploadedfiles/rep-norman-mmtlp-letter-2023-12-22-final.pdf

• December 29th, 2023: Bolstering the MMTLP community's claim of a massive imbalance in shares, news spreads that TradeStation has made stunning admissions to their clients that they do not have enough shares allotted to them to provide each of their clients with a physical share of Next Bridge Hydrocarbons. This admission comes in the context of TradeStation customers seeking to participate in the non-transferable subscription rights offering for NBH shares. Participation requires NBH holders to register and record ownership with AST within 60 days from the effective date of a Form S-1 Registration Statement filed by NBH with the SEC on July 26, 2023. However, under the guise of their "inability to recall lent-out shares", TradeStation informs clients of their inability to fulfill customers' requests to register and record ownership with AST. https://x.com/MMATNEWS/status/1740807329212191042?s=20

• January 9, 2024: Congressman Mark DeSaulnier (D-CA), sends a letter, addressed to regulatory bodies including the SEC and FINRA, expresses concerns about the situation surrounding his constituents holdings related to MMTLP following the December 2022 trading halt due to a corporate spinoff. The letter states that multiple constituents report dissatisfaction with the resolution process and non-receipt of expected compensation (in the form of shares) from the spinoff of Next Bridge Hydrocarbons. The letter urges regulatory bodies to take affirmative steps to address retail investors' concerns and provide more information on avenues for resolution, emphasizing the importance of maintaining investor confidence and accessible financial markets for all income levels. https://x.com/KarmaCollects/status/1745180861224608052?s=20
• January 19th, 2024: Next Bridge Hydrocarbons issues a press release expressing deep concerns about the circumstances surrounding the U3 halt of trading in MMTLP prior to the Next Bridge spinout. Notably, the statement highlights that short sellers have approached Next Bridge about buying considerably more shares than the approximate aggregate short interest position in MMTLP reported by FINRA, which was 2.65 million shares as of December 12, 2023. Next Bridge emphasizes the need for transparency, accurate information, and cooperation with regulatory agencies. The company has offered to discuss its data with FINRA and the SEC, seeking clarity on the conflicting data. In addition, Next Bridge praises the efforts of its shareholders and the "MMTLP ARMY" for bringing attention to this serious problem. Chairman and new CEO, Greg McCabe, expresses gratitude for the support and hopes that Congress and the SEC will oversee a fair and equitable solution to the situation. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-inc-announces-preliminary-results-of-its-johnson-prospect-drilling-program-302039147.html
• January 31st, 2024: In a response letter to Rep. Ralph Norman, FINRA President Robert L. Cook addresses concerns surrounding the Meta Materials corporate action and subsequent trading halt of MMTLP. However, the letter raises several questions about the efficacy of the regulatory process and the level of investor protection provided. While outlining the steps taken by FINRA, including notification of the corporate action and implementation of a trading halt, the letter fails to address fundamental issues such as investor confusion created by the corporate action which FINRA released, and share distribution discrepancies. Additionally, the letter's assertion that there was no evidence of significant naked short selling in MMTLP is met with skepticism, as it overlooks potential loopholes and fails to provide concrete evidence to support its claims. Furthermore, FINRA's claim that they are unable to conduct a certified audited share count is in direct contracdition to FINRA rule 4140, which ironically is titled "Audit" (https://www.finra.org/rules-guidance/rulebooks/finra-rules/4140). This contradiction raises doubts about FINRA's culpability in the issue, and regulatory transparency and accuracy of the share distribution process. While quite voluminous, the letter completely failed to address many questions from Rep. Ralph Norman's initial correspondence, including, but not limited to questions 4, 5, 6, 7, 8, and of paramount importance, question 9, which requested the audited consolidated count of shares held in each brokerage. Overall, the letter's tone and content leave much to be desired in terms of addressing investor concerns and ensuring market integrity. https://norman.house.gov/uploadedfiles/2024-01-31-finra-response-to-rep-norman-regarding-mmtlp.pdf
• February 6th, 2024: In response to Rep. Ralph Norman's inquiry regarding MMTLP, SEC Chair Gary Gensler issues a letter that lacks substantive answers to the specific questions raised by Norman. Instead, Gensler defers certain inquiries to FINRA, emphasizing that requests for information and analyses performed by FINRA are best addressed by the organization itself. Despite Norman's request for share count information and inquiries about potential violations of securities laws or SEC rules, Gensler's response remains vague, citing confidentiality and enforcement protocol. Ralph Norman expressed his frustration with this response on the X platform, characterizing it as "empty" and "worthless," underscoring its arrival six days after the deadline requested and lack of meaningful information. https://twitter.com/RepRalphNorman/status/1754981831668007341
• February 8th, 2024: Next Bridge Hydrocarbons, Inc. issues a statement expressing differing perspectives on certain key points raised by FINRA and the SEC regarding the U3 halt of the MMTLP security and outstanding short positions in Next Bridge. The company called for transparency in accounting for total outstanding uncovered short positions and urged FINRA and the SEC to take proactive steps to ensure comprehensive data collection. Next Bridge raised concerns about potentially misleading information and emphasized the need for clarity regarding the limitations of FINRA's data. Additionally, they questioned the decision-making process behind the U3 halt, highlighting discrepancies between FINRA's regulatory powers as enumerated under Rule 6490, their actions and the issuers' intentions (see August 16th, 2024 entry below). This statement underscores Next Bridge's commitment to transparency and collaborative efforts to address ongoing investor concerns and regulatory challenges. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-inc-releases-statement-302058038.html
• February 26, 2024: Additional correspondence between Next Bridge Hydrocarbons and FINRA is released via FINRA's website. In these communications, CEO Greg McCabe continues to express concerns about the U3 trading halt of MMTLP and requests a meeting with representatives of FINRA and the SEC to address these issues. Of particular interest, CEO McCabe expresses his desire to share communications from short seller representatives seeking to purchase "many multiples" of the amount of shares that FINRA has reported short, raising serious concerns about the discrepancy between reported short positions and the actual interest from short sellers, as well as the potential impact on market stability and investor confidence.. While FINRA has agreed to such a meeting, as of this writing, there has been no response from SEC representatives, including all five commissioners, regarding attendance of such a meeting. https://www.finra.org/media-center/newsreleases/2023/finra-correspondence-next-bridge-hydrocarbons

• April 23, 2024: Devin Nunes, former Congressman and current CEO of Trump Media & Technology Group sends a letter to key House Committee Chairmen addressing concerns about potential manipulation of TMTG stock (traded as "DJT" on Nasdaq). In his letter, Nunes highlighted that DJT had appeared daily on Nasdaq’s “Reg SHO threshold list” since April 2, 2024, suggesting possible unlawful trading activities such as naked short selling. The letter underscores that these issues are reflective of a broader problem impacting financial markets, particularly regarding naked shorting and inadequate oversight of market participants. Nunes emphasized that this situation is part of a larger pattern highlighted by a recent open letter signed by 74 members of Congress, which specifically addressed the MMTLP situation and its implications for market manipulation. This connection illustrates that the problems faced by TMTG are part of systemic issues affecting the financial markets, reinforcing the need for increased regulatory scrutiny and policy reform, and further investigation into the MMTLP trading activity. https://www.sec.gov/Archives/edgar/data/1849635/000114036124021595/ny20026576x11_ex99-1.htm 

• June 5, 2024: – A follow up letter is sent by 40+ Members of Congress in a bipartisan effort led by Ralph Norman and Pete Sessions, to SEC Chair Gary Gensler. The letter followed up on a previous request for the SEC to review the events surrounding MMTLP. The letter reiterates that these shares were created during the merger between Meta Materials (MMAT) and Torchlight Energy Resources (TRCH) to provide preferred stock dividends to TRCH shareholders. The letter further states that in contradiction to information relayed to the investing public,, on December 9, 2022, FINRA issued a U3 halt on trading MMTLP shares, preventing further trades. The letter mentions that the trading halt has led to over 40,000 letters from concerned constituents being sent to Congress. The letter references statements made by the SEC related to investigations that are ongoing surrounding this issue, and requests the SEC to brief Congress on the results of their investigation into these events by June 15, 2024. https://x.com/RepRalphNorman/status/1798381531305783754 
• August 9, 2024: Meta Materials Inc. announces that "after consideration of all strategic alternatives, Meta Materials, Inc., a Nevada corporation (the “Company”), ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code, 11 U.S.C. §101 et seq. (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Nevada (the “Bankruptcy Court”), Case No. 24-50792". The bankruptcy filing resulted in the removal of all executives and board members. Control of the company now rests with a court-appointed trustee, who will liquidate assets and oversee the bankruptcy estate. A creditors' hearing will be scheduled, and a Notice of Bankruptcy Case Filing will be sent to known creditors. Attorney Wes Christian has confirmed that the bankruptcy process may provide access to critical trading data related to MMAT, MMATF, TRCH, and MMTLP. (https://www.sec.gov/ix?doc=/Archives/edgar/data/0001431959/000095017024094376/mmat-20240807.htm)

• October 31, 2024: In a major development, the Chapter 7 Trustee for Meta Materials Inc. announces that they have formally retained Christian Attar and Kasowitz Benson Torres LLP as special litigation counsel. The firms will investigate and, if warranted, pursue legal action over suspected illegal trading practices, including naked short selling and spoofing, related to multiple CUSIPs: MMAT, MMATF, TRCH, and MMTLP. The Trustee has secured $11 million in litigation funding, ensuring no financial burden on the estate. This move confirms that a serious legal effort is already underway to expose misconduct and seek accountability via the Meta Materials bankruptcy court proceedings. (https://storage.courtlistener.com/recap/gov.uscourts.nvb.420818/gov.uscourts.nvb.420818.98.0.pdf) (https://x.com/palikaras/status/1889858166789136749)

• August 16, 2024: Georgios Palikaras, former CEO of Meta Materials Inc., submits an affidavit in the case "Inter-Coastal Waterways LLC v. Tradestation Securities, Inc." (Case No. 0:24-cv-60891-AHS) in the Southern District of Florida. The affidavit details the events leading to and following the MMTLP trading halt. In his statement, Palikaras disclosed that on or about December 8, 2022, FINRA unilaterally revised the language of the Company’s December 6, 2022 corporate action notice. This revision was made without the input or authorization of Meta Materials and took place after FINRA had a call discussion with DTCC on December 7, 2022, excluding Meta Materials and Next Bridge’s counsel from the call. Palikaras described how the revised notice, published on FINRA’s Daily List, altered the language to state, “MMTLP will be deleted effective 12/13/22,” a change made without the Company’s consent (a clear violation of FINRA Rule 6490). Despite Meta Materials' attempts to seek clarification and resolution through multiple inquiries and discussions with FINRA’s Office of the Ombudsman, no satisfactory explanation for the changes that were made, or the subsequent trading halt was provided. Palikaras criticized FINRA for not disclosing the reasons behind the halt upfront, which he argued contributed to shareholder confusion and did not allow the Company to address the situation effectively. While the affidavit does not explicitly call for increased accountability and transparency, Palikaras’ criticism of FINRA’s lack of communication and the impact on shareholders implies a need for greater regulatory oversight and clarity. https://storage.courtlistener.com/recap/gov.uscourts.flsd.668249/gov.uscourts.flsd.668249.39.1_1.pdf 
• October 8, 2024: Next Bridge Hydrocarbons, Inc. announces that University Lands decided not to extend the Development Unit Agreement for the Orogrande asset, which was the largest underlying asset belonging to the company. The agreement is set to expire on December 31, 2024, with University Lands seeking to terminate it immediately, a decision Next Bridge has opposed. Chairman and CEO Greg McCabe expressed the company’s dismay over the decision while assuring shareholders that despite the setback, Next Bridge would continue expanding and diversifying its portfolio beyond the Orogrande asset, promising future updates on the company's progress. Many believe that the loss of the Orogrande lease is tied to Next Bridge’s failure to maintain its drilling obligations, which is seen as a direct result of the SEC's prolonged withholding of the company's ability to raise necessary funds through an S-1 offering. Since January 2023, the SEC has apparently hamstrung the offering, making it difficult for Next Bridge to secure the capital required to meet its drilling obligations and maintain the lease. Additionally, in light of McCabes statement Next Bridge had put forth what was believed to be a strong and fair proposal for renewal, there are allegations of third-party sabotage and regulatory involvement being contributing factors to Next Bridge's loss of the Orogrande lease. (https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-announces-texas-university-lands-system-decision-302270656.html) 
• December 31, 2024: A FOIA request to University Lands uncovered an email from Next Bridge Hydrocarbons CEO Greg McCabe, dated April 15th, 2024, revealing that he and other company officers had been subjected to ongoing threats and harassment. The email, addressed to UL, outlines how short sellers engaged in an orchestrated attack against the company, including defamatory efforts to convince UL that NBH was fraudulent. McCabe also detailed a campaign of intimidation that escalated to anonymous threats via text and email, with one particularly egregious incident where a threatening email about him was sent to his daughter-in-law’s workplace, a private school, copying every member of the faculty. Many investors believe that these aggressive and malicious tactics ultimately contributed to the company losing its lease on the Hudspeth County drilling unit, demonstrating the extreme lengths to which short sellers went to manipulate and interfere with NBH operations. This level of interference is unprecedented and underscores the urgent need for regulatory and legal action to prevent such market abuses from continuing. (https://x.com/RedHeelzz/status/1874144952604631311)
•  February 21, 2025: In a press release, Next Bridge Hydrocarbons reveals that the SEC has been very arduous to deal with in their commenting on its 2023 10-K, delaying its S-1 registration for public offering. Over two years, NBH has endured four rounds of 10-K comments and five on the S-1, forcing costly restatements of two 10-Ks and six 10-Qs over the timing of the Orogrande impairment. Despite NBH not being publicly traded, the SEC rejected a footnote correction, insisting on an extensive restatement with no clear justification. Strangely, the SEC has also demanded NBH adopt a corporate history narrative that disregards the management and shareholder transition from Meta Materials, a stance NBH called “demonstrably false.” Compounding concerns, the SEC’s latest intervention came just as NBH was set to file its pricing amendment in September 2024, raising questions about the timing and impact on the company’s capital raise. These delays have halted multiple business ventures and stalled efforts to resolve unsettled trades from FINRA’s U3 halt, further harming NBH and its 65,000 shareholders. (https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-announces-receiving-further-sec-comments-302382028.html) 

• March 6, 2025: In a major legal breakthrough, the Chapter 7 Trustee overseeing Meta Materials’ bankruptcy issues subpoenas to Citadel Securities, Charles Schwab, Anson Funds, NASDAQ, DTCC, FINRA, TD Ameritrade, Virtu Financial, and TradeStation Securities demanding the production of trading records, order routing data, electronic communications, and records related to naked short selling and failures to deliver (FTDs) in MMTLP and Meta Materials stock (MMAT). This marks the first time a court action has compelled financial institutions to turn over evidence related to the MMTLP trading halt and suspected market manipulation. This represents a critical escalation in the legal battle for transparency, as court-ordered discovery could finally expose the full extent of synthetic shares, abusive shorting practices, and regulatory failures that led to the trading halt. Widely accepted as the single most important judicial development to date, these subpoena force entities suspected of misconduct to produce hard evidence, something that lawsuits, FOIA requests, and Congressional inquiries had so far failed to achieve. (https://www.dropbox.com/scl/fi/eovssvdwg2vcgv97e1z5d/SUBPOENA-03062025.pdf?rlkey=gkzvka2osc3aov5k7utdq63v1&e=1&st=8hel515b&dl=0)

• June 18, 2025: Next Bridge Hydrocarbons provides an update on ongoing SEC filings and the progress of restating prior years' financial statements, noting continued communications with the SEC. The SEC yet again causes even more delays to the S-1 registration, further fueling speculation that the regulatory establishment is intentionally interfering with the company's ability to raise capital to remain in business. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-provides-update-regarding-ongoing-sec-filings-302485766.html
• October 1, 2025: Next Bridge Hydrocarbons announces successful resolution of certain SEC comments on its amended 2023 10-K/A after months of bureaucratic stonewalling, with plans to file additional amended and new quarterly/annual reports shortly thereafter—yet another example of the SEC dragging its feet while retail investors remain trapped with unresolved MMTLP shares. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-announces-successful-resolution-of-sec-comments-302573086.html
• December 11, 2025: Next Bridge Hydrocarbons announces completion of amended financial statements for fiscal years 2023 and 2024 (following endless SEC-requested restatements), including filing of the 2024 10-K. This comes only after the SEC forced costly and unnecessary revisions that further delayed any path to capital raising and resolution for MMTLP shareholders. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-announces-completion-of-amended-financial-statements-302639447.html
• January 12, 2026: MMTLP shareholders hold a rally outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., calling for regulatory accountability over the 2022 trading halt, share distribution failures, and the SEC/FINRA’s ongoing refusal to deliver transparency or justice for tens of thousands of defrauded investors.
• January 30, 2026: Next Bridge Hydrocarbons announces a participation agreement with McCabe Petroleum Corporation (owned by Chairman/CEO Greg McCabe) in the Imperial Gas Project, a hydrocarbon exploration and production opportunity in the western U.S. Rocky Mountain region—another step forward despite the SEC’s continued sabotage of the company’s ability to raise public capital. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-announces-participation-agreement-in-the-imperial-gas-project-302675169.html
• February 4, 2026: The bankruptcy court overseeing the Meta Materials case issues a partial tentative ruling leaning toward denying motions to quash Rule 2004 subpoenas from the Chapter 7 Trustee by Citadel, Virtu, Anson Funds, and Nasdaq... delivering a rare blow to the Wall Street entities desperately trying to block discovery of trading records that could finally expose the full extent of naked shorting and manipulation in MMTLP/MMAT.
• February 16, 2026: Next Bridge Hydrocarbons announces receipt of additional SEC comments on its fifth amended Form S-1/A registration statement (filed January 26, 2026), further delaying the proposed public offering and exposing the SEC’s pattern of endless bureaucratic interference that continues to starve NBH of capital while protecting the short sellers who created this mess. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-announces-receiving-additional-sec-comments-302688800.html
• March 3, 2026: Next Bridge Hydrocarbons posts an updated Frequently Asked Questions (FAQ) document to its website addressing shareholder inquiries on operations, the pending S-1, asset participation agreements, and other matters... providing clarity to investors left in limbo by FINRA’s U3 halt and the SEC’s refusal to force a proper resolution. https://www.prnewswire.com/news-releases/next-bridge-hydrocarbons-posts-updated-answers-to-frequently-asked-questions-on-website-302703073.html

• March 18, 2026: Next Bridge Hydrocarbons files a lawsuit in Harris County District Court against Jeff Davies, a self-styled SEC whistleblower and notorious online critic who has waged a relentless disparagement campaign on X, accusing the company of misleading investors about the value of its assets while tortiously interfering with NBH’s contract with University Lands on the Orogrande D&D Unit, which the company alleges is part of the coordinated short-seller harassment and defamation efforts that previously helped sabotage the company’s core asset and starve it of capital. https://jumpshare.com/s/8ZCj4Wk8FXQySaFn5PMb

• March 27, 2026: The SEC approves an amendment to the Consolidated Audit Trail (CAT) NMS Plan that, among other cost-cutting measures, explicitly permits the deletion of all CAT data older than three years. This move would permit permanently erasing the very historical trading records, lifecycle linkages, late-reported trades, and order flow data that MMTLP shareholders have been demanding for years to expose systemic naked shorting, illegal manipulation, and the massive share imbalance surrounding the December 2022 trading halt and spin-out. While the SEC and Chairman Paul Atkins frame this as benign “cost savings” for billion-dollar brokers and Plan Participants, critics rightly call it a legalized destruction of evidence and a blatant cover-up that hands Wall Street the ultimate get-out-of-jail-free card. This move comes after years of stonewalling FOIAs, ignoring Congressional inquiries, and refusing to provide any audited share counts or transparency, ensuring that pre-2023 data critical to ongoing bankruptcy litigation, private actions, and the fight for justice for 65,000+ MMTLP investors (as well as other retail victims) will soon be gone forever. https://www.sec.gov/newsroom/press-releases/2026-31-sec-approves-amendment-nms-plan-further-reduce-costs-consolidated-audit-trail

• March-April 2026: Multiple Rule 2004 subpoena-related motions and responses are filed (including by FINRA on or around March 27, 2026, with supplemental briefs on “undue burden”; additional filings by parties such as Jane Street, Sabby, and Schwab). On April 9, 2026, the court issues an order (Doc. 2689) addressing the scope of Rule 2004 discovery, while Citadel files an opposition to a motion to seal certain documents. These reflect the ongoing desperate legal battles by Wall Street banks, hedge funds, and FINRA to shield trading data, communications, and evidence of naked shorting/spoofing from public view.

All Congressional letters addressed to the SEC and FINRA can be found at the following link: https://drive.google.com/file/d/1DA3AQ50YU2XTs-xWC45nG0Kk0deOFaJ7/view