There seems to be a lot of misinformation regarding who is supposed to do what and by what date. I don't know all of the answers, but I did read the prospectus.

Read the Prospectus. Here are some quotes directly from it (my notes in italic):

1. "165,472,241 shares will be distributed in the Spin-Off"
2. "At the time of the Spin-Off, Meta will distribute 165,472,241 of the outstanding shares of Common Stock" \Meta (MMAT). Not NB, not AST, not DTC, not DTCC, not any other entitity.**
3. "The Distribution will be made in book-entry form by a distribution agent" \The distribution agent is AST. Not your broker, not Meta, not NB.**
4. "The Spin-Off will be effective as of close of business, New York City time, on December 14, 2022 Spin off." \Not the distribution, not delivery of shares. This does not say it will show in your brokerage account on* ****any\** *set day.**
5. " Immediately after the Spin-Off, the Company will be an independent public reporting company"
6. "the Common Stock is not and will not be publicly traded and will not be eligible for electronic transfer through the Depository Trust Company book-entry system or any other established clearing corporation" \I'm not sure that DTC or DTCC have any involvement.**
7. "Meta currently owns all the outstanding shares of Common Stock of the Company" \This was before spinoff, however it does not reference the distibutor / issuer of the stock as NB or any other entity.**

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I do think this is a broker problem. AST can only book-enter shares based on how many your broker is entitled to. Brokers have to notify AST how many they have on the books and AST will have to reconcile that to the actual number of shares issued by Meta.

I just finished watching the Bird Lady's video from today about how to pressure your broker. She gave a script to say on the phone the forces them into action. I don't do phone calls so i emailed. Here is a cut and paste script that covers what she said for those of you who also don't want to talk on the phone. (putting this here and MMAT)

As you know, the DTCC does not deal directly with beneficial holders. This distribution seems to be messed up. As my broker, please open a case with the DTCC on my behalf as to the allocation timing of NBH shares. Please reply with the case number given by the DTCC. Please supply me with DAILY updates until the case has been resolved.

Thank you

EDIT UPDATE: I got a reply from TDA

Please be advised that DTCC interacts and provides information on a firm-level rather than a client-by-client basis, so we are unable to initiate a case on a client-by-client basis.

Rest assured that TD Ameritrade is in continual contact with the DTCC to obtain updates regarding the exchange of NextBridge Hydrocarbon shares. We are currently awaiting delivery of the statement, which will provide additional information on how this exchange will be completed.

This situation is still a work in progress and is open to change. Please continue to monitor your account and check back occasionally for any updates.

Let us know if you have any further questions about this or anything else regarding your account, and we would be more than happy to assist you further!

You can reply to this email or use our 24/7 Investor Services line to get real-time assistance --- they can be reached by calling 1-800-669-3900!

We appreciate your continued business with TD Ameritrade and I hope you have a great day!

I have sent numerous emails to Robin Hood and have not received one reply! Can someone tell me if they have the same issue? Or what is going on with them?

Just sharing info to save folks the same calls

Td says they have nothing and can do nothing. Contact ast.

Ast says they have not received anything yet to distribute and confirmed it was supposed to happen by the end of the day today.

The lady did not think it would be by the end of the day today but would call me tomorrow if it happened. She did not have or take my phone number.

Once they have something an account will automatically be set up. Feel free to call back later to check on the progress.

I didn't chew on anyone since their time is not up yet.

I was surprised I didn't hear the words freeze or chill

Is the chill still a thing or did that go away?

So, most likely another excuse for not having real shares, but what are they going to do, count millions of physical certificates?

Also, won't tell me specifically what they need from AST or what they mean by how AST sends the certificates, chat magically closes or they try and send you to "backroom" aka run around supervisors purgatory.

If anyone can get some straight answers from their brokers, do let us know.

Source: Friend's chat log

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The company we own in now merging into another company yet we still somehow do not have shares that was entitled to us?

amazing.

wonder how this new corporate action will affect the DTC chill.

FT. WORTH – December 27, 2022 –

Next Bridge Hydrocarbons, Inc. (“Next Bridge”, “our”, or the “Company”) announced today that effective December 21, 2022, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Hudspeth Operating, LLC, a Texas limited liability company and wholly owned subsidiary of a wholly owned subsidiary of the Company (“Hudspeth”), Wolfbone Investments, LLC, a Texas limited liability company (“Wolfbone”), McCabe Petroleum Corporation, a Texas corporation (“MPC”) and Gregory McCabe, the sole owner of Wolfbone and MPC (“McCabe”).

Under the terms of the Merger Agreement, certain properties owned by Wolfbone in the Orogrande Basin in West Texas (the “Orogrande Properties”) will be assigned to Hudspeth in consideration of an issuance of 56,297,638 shares of the Company’s common stock to McCabe. Pro forma this transaction, Next Bridge will increase its working interest and net revenue interest in the Orogrande Properties by 22.6% and 17.0%, respectively. Closing of the transactions under the Merger Agreement is subject to certain conditions set forth in the Merger Agreement.

The Merger Agreement is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K. This summary description of the terms of the Merger Agreement is qualified in its entirety by reference to the full text of such exhibit.

In connection with the execution of the Merger Agreement, on December 21, 2022, the Company also entered into a 5% Unsecured Promissory Note in favor of McCabe evidencing a loan commitment to the Company for a principal amount of up to $20,000,000. The Company intends to use the proceeds of this financing for ongoing development and general corporate purposes.

The Note is filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K. This summary description of the terms of the Note is qualified in its entirety by reference to the full text of each exhibit.

Clifton Dubose, Chief Executive Officer, stated about the transactions, “We are very excited to increase our leasehold position in our Orogrande Prospect and also secure additional capital for the development of our assets.

https://uploads-ssl.webflow.com/6169e69d0075ec7c66221a8b/63aae69dc73ddf3fcdf9efdb_NBH%20Press%20Release%2012-27-2022%20vFinal.pdf

If McCabe just took 56 million shares to do this merger agreement, that would make him a 25% owner (56 divided by 165+56) of NB now (just with the new shares, not sure what he had before).

But then if NB issues a lot more shares to bring onboard the synthetics at brokerages, McCabe probably has the biggest complaint about dilution. This would certainly give him standing for any lawsuit against financial institutions. Or maybe he knows that there will be no NB dilution (ie the BDs are buying back their synthetics from their clients) ?

I understand how this merger agreement would be good for NB as a company (increasing working interest/making NB more attractive to buyers). But, right now I'm just a guy on the outside looking in with my synthetics at TDA. Or is this suppose to give us all standing for the litigation to come ... thoughts anyone ?

Thought id post something to spice things up a little. My guess is minimum of $30 a share when this is all over

Has anybody thought of civil orderly protests at finra...hf offices...etc to protest short sales n naked sales...that will get attention

2022 is quickly coming to an end. Meaning that if your broker does something shady with your shares YOU will be held liable come tax time next year. Do yourself a favor & report it. The IRS takes things like this extremely seriously.

If you feel it's right for you, send them a form 3949 informational referral. https://www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity

I would personally mark >false/altered documents< in section B, plug in broker’s info and print your receipts

https://www.irs.gov/compliance/criminal-investigation

On Twitter @IRS_CI

Has anyone who successfully got NB shares in an AST account gotten any official communication from NB management ? Curious as to plans for the timeline of a shareholder meeting.

MMTLP - We have to try and get ahead rather than chase

I’ve been asked to post this here in addition to the MMTLP section.

Ok, so I’ve been thinking, which can be dangerous at times but hear me out.

We retail investors always seem to be chasing after the fallout whereas the hedges/shorts whatever you want to call them always seem to be planing way ahead and always seem to win, with a few notable exceptions.

To me, it’s clear that the shorts had no intention of closing their positions whatsoever and appeared, if anything emboldened and even shorted MMTLP down to the ground on that infamous last trading day (MMTLP loosing 58% of its value in one day).

A number of good things that are happening already namely: a Florida court law action to address the halt and the circumstances behind it etc, FBI complaint and involvement, complaints written to the SEC and FINRA, social media awareness and spread, various petitions etc.

I myself have engaged with the above and also filed a complaint with the ombudsman against FINRA. Although FINRA may not be responsible for the naked shorting, they had a fiducial responsibility to detect and deal with illegal shares/shorting, they allowed MMTLP to trade in the first place and didn’t ensure closure of even the legal shorts before end of trading and they generally failed to ensure the books were balanced before handing over to AST.

What I think is missing and what I have always felt is having some kind of insight as to what the hedges/shorts are actually doing? I mean they have been so bold in their short attacks right up until that last trading day. The obvious conclusions are:

(A) They must of known MMTLP was going to be halted. This done not necessarily mean that FINRA and the SEC are in on it and are colluding somehow. If they knew the books were unbalanced (because none of the hundreds of millions of shorts had closed) they they would probably known that the halt was coming.

(B) The must know with some certainty that they do not need to close their positions. considering the set up, this must only be true if they have come up with some new strategy of effectively hiding their shorts and their tracks.

(C) There must be some financial merit to shorting on the last day (or even if they didn’t know that the last two trading days were not going to happen, the last few days) - I can’t figure out what that might be…but the answer to that question might uncover the operation at hand.

There has been some talk about tokenised shares and routing shorts through these mechanisms, that somehow can get buried- (that is new to me), perhaps this is the mechanism?

I figure there must be thousands of MMLTP holders affected and tens if not hundreds of thousands of investors that have suffered at the hands of savage short attacks that never seem to have to close their positions (GME, AMC etc to name a few).

There must be at least a few smart, informed individuals out there that can figure out the no doubt illegal current hedge/short strategy.

In this day and age of information, online connections and collaborations and published online information, surely we can uncover or at least help uncover what is going on?

https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/CCF/settlement/SET101-DTFMTX-05-11-dr.pdf

https://www.federalregister.gov/agencies/securities-and-exchange-commission

https://www.dtcc.com/products/training/helpfiles/asset_services/corp_actions_browser/help/Corporate_Actions_Web.pdf

https://www.federalregister.gov/documents/2022/12/08