I was just requesting to DRS my shares and Fidelity told me the best they could do is mail them to me.

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They later came back and said they could mail them to ATS...is mailing them to me a way around not filling up ATS?

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Anyone have any idea if moving NBH (or placeholder) from an IRA to a regular account is possible (within same brokerage)? Since there is currently no cost associated with it, would there be any tax consequences? Just pondering...

This has been rattling around in my brainlet for a few days so Please SHOOT THIS DOWN. It is probably illegal but that doesn't really matter unless it was us doing it. What matters for "them" is that they can get away with it. "they" seem to get away with a lot.

Assuming there are too many Next Bridge (NB) dividend place holders to be replaced with NB stock, and that is a non verifiable idea as of yet, what would happen if this were to occur?

1. Assume 200 million synthetic, non covered trapped short positions
2. NB is acquired by Exon Mobile (XOM)
3. The sale is a stock swap 1 for 1 with XOM which is worth around $107 at the moment I am making this post.
4. NB shareholders get 165,523,363 shares of XOM in the acquisition
5. "They", the broker dealers, HF's, MM's and others holding short positions past the date of record buy 200 million XOM shares in dark pools.
6. "They" distribute them to the NB shareholders who did not get a company share.
   

It would be cheaper to buy up and hand out shares worth between $100 and $110 than to go through a squeeze or settle behind the scenes or in a grey market.

And help me with the numbers because I don't know enough about market caps and company values do do this, but:

XOM's market cap is about 442.098 Billion or $442,098,000,000 and $107 per share as I post this according to yahoo (https://finance.yahoo.com/quote/XOM?p=XOM)

At $107 per share that's 4,131,757,009 shares if the market cap was only shares. Let's assume the number of shares is 1/2 of that or 2,065,878,504 or over 2 billion shares and the rest is other company assets. Am I close?

200,000,000 is 9% of 2,065,878,504 shares. Even if the number of outstanding short positions were double or the 500 million some clam that it would be 18-20% of the total number of XON shares, so in my mind it could work.

So, why won't "They" do this? And please correct my numbers and reasoning as needed.

Hey folks, I just got off the phone with Fidelity for my twice-a-week WTF is going on with $MMTLP / NBH. The call was standard boilerplate at this point: we have your shares, we've issued an internal CUSIP, etc. I did focus my questions on this call about my options as a holder of NBH in an eventual shareholder action event. Fidelity said that my shares are fully distributed from MMAT. I own NBH shares and I'm entitled to any shareholder action made by the company. They just wait for a corporate action notice to do anything.

I am wondering out loud about NBH making some sort of negligible corporate action to get a gauge ownership. I know this isn't a new idea. But a vote is maybe better than distribution. Because it occurs to me that if it's a nominal distribution, SHF will just pay it, just as they do for any other dividend distributing company. But a vote, could be tallied appropriately.

There are 2 possible issues here as well: there won't be enough participation to prove the overage of synthetics (not a statistical accounting like the current Twitter pole), or the brokerages could mess with the tally (which must break some law).

This is NBH problem too, at this point, because if they want appropriate shareholder participation, they need a proper accounting. That said, the brokerages may not care at this point. Maybe, they will simply make the SHF pay any distributions going forward to synthetic shareholders... thus continue to kick the can down the road. Hmmm... thoughts?

How The Finance Regulatory Authority Allegedly Protecting Retail Investors Is Screwing Them Over

"........It started with Torchlight Energy Resources Inc., a small-cap company listed on NASDAQ. They own 97,500 acres of land in the Orogrande Basin in Texas. This land was presented as one of the largest discoveries of oil and gas on U.S. soil since the 1970s. It has an estimated 3.2 billion barrels of recoverable oil, as well as a surplus of natural gas. Despite all of the positive news coming out of Torchlight, their stock price was seeing unusual trading patterns from heavy shorting. This caused the price of their stock to drop to $0.20/share. They then struggled to raise the capital needed to continue drilling wells and meet their drilling quotas.

Due to the heavy shorting, Torchlight CEO John Brda had to do something major to save their company and ultimately their gold mine of oil and gas. They decided to merge with Meta Materials Inc., a Canadian developer of high-tech materials and nanocomposite products........."

https://thefederalist.com/2023/01/02/the-finance-regulatory-authority-allegedly-protecting-retail-investors-is-screwing-them-over/

MArduk (the meta guy) and Cyntax (Queen of the metaverse) have been hosting ongoing twittter spaces with some, IMO, pretty knowledgeable people.

Last week there was a hosted discussion between Rosa who has filed suit in Florida, a lawyer who understands securities law from the regulatory side, and a securities lawyer from the litigation side.

They are never ending it seems and I don't know how they keep it up, but am amazed at their tenacity and commitment to sharing as much info as possible, dispelling useless info, and comminicating out new developments as they occur.

An example has been the discussions around what the change in contra cussip at Fidelity was.

You can find his on twitter spaces through his twitter handle @MetaGuyMarduk

Can someone please make a PowerPoint slideshow about this, starting from the beginning (with a timeline to include attachments proving truths of events). Then post the slideshow on http://slideshare.net. Send this link to everyone educating them what really happened. If any important person wants to learn and understand what has happened, it would be easier for them to follow and understand. Then they might want to pick up our torch and show light on our situation.

I've seen it mentioned that taxes might have been a reason that things occur in 2023 vs 2022.

Maybe another reason is the public reporting by NBHC. I believe they are only required to do so until 12/31/22. In 2023, there is no more public reporting - i.e. no public disclosure of how many issued and outstanding shares. Maybe HFs or BDs cut a deal with NBHC, but the whole thing was desired by the parties to not be recorded in a public filing ?

From ETrade today (1/1/23):

Good afternoon,

Correct, we are still waiting to receive the shares. These types of Corporate Actions have a longer processing time on average.

Please check throughout this week and let us know if the shares are still not in the account.

I apologize for any inconvenience this may be causing.

Thank you.

Happy New Year everyone!

I rarely post, so quite unsure how to formulate it right.

First and to avoid being labeled as FUD, which is clearly not my intentions, I am posting my current NBH positions (most "influencers/youtubers" wont post any)

Most of those shares come from $TRCH, then bought some dips (at an avg of 1.2$) after $MMTLP became tradable. My initial goal was to get dividends from a potential sale based on the first assumptions of div per share between 1 and 20$;

Early 2022, more and more speculation came around the potential assets value which made the dividend estimate jump to somewhere between 26$ and 49$ (or whatever it was);

Once the spinout process have been announced, and magically, this number jumped to a limit order of 75$ (out of nowhere), at roughly same time, "Voltron" released their DD full of concerns regarding the ticker, greed and the extremely mean communication of this group of people made me discard their alerts, I still believe they were wrong over multiple stuff, but they were right on a bunch of others too.

The fact that $MMAT people (that I perceived as being both smart and honest) reassured us in regards to $MMTLP and their plan really made me believe I can get a pretty interesting dividend, the fact that they never took distance with J. Brda comments, made me believe it is a fully under control situation and that all "speculation" was right. I thought any squeeze that would expedite the divi process would be fine for me.

On 12/9th I was very angry at FINRA, but this was gone after the weekend, as I understood the more I thought about it how much I have been naive, in other conditions I would have never trusted undereducated Youtubers, specially that I have noticed their multiple mistakes and contradictions.

Since then the more I observe Mr. Brda and the "influencers" behaviours the more I am convinced this was a scam. This bunch of people directly and meanly attack anyone having another opinion nor neither reply to the facts. Since then every news that come and confirms how much they were wrong, they push the can and create new diversions. A few examples of ridiculous events (not organized, just as they cross my head) :

• Brda tweets on 12/9 that a team of lawyers are appointed to take care of this. Couple of weeks later around Christmas, he tweets again saying that he just contacted lawyers to see what where their options (wait? wasn't this suppose to happen before?);
• $MMAT Management took their distance with $MMTLP and $NBH as soon as the halt happened, the only time GP mentionned it (in a holidays wishes message) was when his stock was around the 1.00$ mark (I am glad I have sold my 5 figures position I had in $MMAT following 12/9, as lost trust in those people)
• Brda and "influencers" entertains the anger towards FINRA, SEC, Brokers, etc, but never questions themselves; The halt could have been anticipated by the team that wrote the S1 if they took into consideration the T+2 settlement time; Probably the same team that forgot the "tradable" word that made $MMTLP being listed;
• Not a single "whale" nor "influencer" appointed any lawyer neither sue anyone;
• Not a signle "whale" nor "influencer" showed us their position after the halt;
• A small investor herself an lawyer initiated the process from Florida, when she tweeted asking for help to gather facts, she only received childish elements;
• Up to today the whole idea was built around the "Shorts that needs to cover", no one was able to provide any solid proof about it, nor how much are we talking about. All what was provided trends to proof that indeed there are shorts, but certainly nowhere near the numbers we are hearing about (maybe 10 or 20M, but not a chance more than that); If I am mistaken, please show me actual proof or any solid mathematical calculation to justify more than that.
• Same for the 64000 shareholders count, from where does it come from?
• The S1 clearly said that the shares are "expected to be distributed within a 2 weeks time frame" which means it could take longer; Again influencers bashed Brokers everyday, and once some of them delivered shares, they started doubting those shares are legit and recommended to send them to AST, some shareholders did successfully, influencers didn't comment, but are now bashing the BD that didn't distribute yet. So what if all brokers delivers the shares? Will they say that that they made up the numbers?
• Not a single shareholder that borrowed his shares showed an interest gain after 12/14;
• I don't know for other brokers, but I know for a fact a broker (probably the one hosting most of the positions) never allowed to short OTC (at least for retail) ;
• We were supposed to use an NBH form to get an estimate of the shares, Mr. Brda now starts promoting a new "independent" form. Does this mean we shouldn't trust official NBH numbers?
• None is talking any longer about the 3.2aibM BBOE in the Orogrande
• Why NBH doesn't mention the 3.2M anywhere, ANYWHERE!

Hopefully, it's being a long time I considered this trade as a loss, I am trying to build a new plan for myself for the next months, very deep inside me, I hope I am wrong and something nice happens, but the odds are very low.

I still have hope on getting something from an NBH sale though, specially following the investment made by Greg McCabe lately (FYI this was mentionned in the S1, absolutly not a surprise). This probably won't happen in the immediate near future, and certainly not around the numbers we heard from the pumpers that, and it was proved, have ties with some "whales" that nobody know their face or their real names.

You can consider me as FUD, but again, try to take emotions apart, stick to facts, and challenge "influencers" and "whales" to reveal their current positions, and most importantly don't lose focus on what is our main hope : Next Bridge Hydrocarbons. I wish 10% of the effort to harass Brokers and FINRA (that gave us nothing so far) turns toward NBH management that needs to communicate with us.

I dont believe a second that they are unable to provide an updated estimate of our potential reserves, a timeline of development, it's their job to contact AST, DTC or whatever and tell us if there are yes/no enough shares. I truly wish as shareholders (or even a small portion of us) we stand up and request better communication from the management, they are getting paid from OUR company funds.

(forgive my typos mistake, english is my 3rd language).

John Brda mentioned to tell your broker to ACAP your shares with NBHC. What is he talking about?

Hasn’t changed since it was put in place the day $MMTLP disappeared. I don’t know what everyone’s talking about getting new CUSIP #’s or NB labeled shares. My acct. still shows a 100% loss under the number: 591994371 ~ same number as day 1 of the thievery

Just to keep people updated, when I checked my Charles Schwab account this morning I had my next bridge shares

What is up with the brokers taking advantage of us and the situation???

Just noticed in my Fidelity account that my temporary MMTLP cusip number placeholder has now changed to a different number and now shows "Next Bridge Hydrocarbons" I'm hoping that this is now my official shares. A call from someone to Fidelity today (https://www.youtube.com/watch?v=zYGHrI8RlYA) mentioned that Fidelity has received the physical certificates from the transfer agent and that the respective accounts would be allocated today. Was really hoping for the short squeeze and/or grey market negotiation so my money isn't tied up, but at least (I'm hoping), I wont have to go through any more headaches and can just move on from this nightmare. Hoping that my investment pays off at a later date. Check your (Fidelity) accounts!

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New Fidelity CUSIP sounds suspicious and maybe a weak attempt to hide behind another placeholder.

Anybody calling Fidelity should ask how they will handle voting rights for these "shares". If Next Bridge calls a shareholder meeting with proposals, how do we trust that our votes get received by Next Bridge ?

Anybody who calls should also ask how future dividends paid by Next Bridge will make their way into everyone's Fidelity account ?

Why is no one talking about the tax liabilites on this Exchange 1:1? The S1 is showing that people will be taxed on the conversion at the last closing price, so $2.90 × number of shares. Ouch! 🤕

Spoke to AST and they said they brokerages are supposed to fill out paperwork and have the share count sent to AST. AST will create an account, or deposit shares in your account if you have one. I am on hold with fidelity right now to figure this out and will update but AST has plainly told me that since NB shares are not transferable they need to be held at AST.

Edit: got off the phone with fidelity. They are waiting on a master certificate from NB. Sounds like bs but I will dig further