HOME

  • Congressman Norman Says Time for Subpoena and Public Hearings

    Representative Ralph Norman indicates on the What’s Bugging Me podcast that it’s time for Gary to come before his committee and hold public hearings.

    South Carolina Congressman Norman clearly sees the writing on the wall for what’s happening here and has vowed to keep moving forward by enlisting the help of Kentucky Representative James Comer for a subpoena and public hearing on MMTLP.

    Listen to the interview on the podcast here. It is also available on Apple Podcasts.

    And finally, Marduk pointed out a correction from the podcast that was made by Congressman Norman. No Torchlight Energy executives have been charged with fraud.

    The community is very thankful for both Representative Norman and the work of Dennis Kneale in helping our struggling community.

  • Subpoena Incoming? Gary Gensler Continues to Stonewall

    Gary Gensler has been in front of two Senate Hearings and lawmakers are increasingly frustrated with his lack of answers.

    The SEC chairman has been grilled on several items and never seems to answer the questions or provide the documents requested by the governing body.

    To date, history shows that no SEC Chairman has ever had to have a subpoena issued to them, meaning they always have complied with requests.

    Several minutes of MMTLP questioning have taken place between the two hearings. Representative Ralph Norman said the SEC’s response to their inquiry was an “insult”.

    Senator Mike Crapo spent 5 minutes asking Gensler concerns of Idaho constituents.

    Representative Patrick McHenry has had enough.

    We predict the SEC will continue to stonewall. There’s too much at stake to keep hidden. Let the historical first subpoenas begin.

  • Subpoena Them All!

    An update from the John Brda Space call by Frank Nez

    Listen to the full recording of the Space call here.

  • New 2-Hour MMTLP Video

    A new fact-packed video from Rare DD explains how and why FINRA manipulated the MMTLP corporate action.

    It’s long, but worth the time to see everything laid out so well.

    Thank you Rare DD for your continued support toward a resolution for the MMTLP Community.

    Note: This is part 3 in a series. You can also view Part 1 and Part 2.

    A note from the YouTube video description:

    On February 6, 2024, Gary Gensler of the SEC submitted a late, and lackluster response to Rep. Ralph Norman and the more than 70 other Congresspersons requesting answers to simple questions related to MMTLP. In the response, Gary Gensler refers to the SEC’s FINRA and Securities Industry Oversight (FSIO) program and their role in assessing whether FINRA is following their own rules and policies, as well as whether there are any issues related to conflicts of interest. With this video, the aim is to aid the FSIO and any other investigative agency that seeks to uncover the truth of what really happened that ultimately led to FINRA U3 halting MMTLP on December 9, 2022. In this video we will see that: FINRA has broken their own rules and policies! There are multiple conflicts of interest! Ari Rubenstein of GTS Securities has been missing from the public eye since shortly before the halt! And more! The MMTLP Community urges those in power to subpoena the relevant parties withholding the answers we seek! It’s been 15 months, FINRA admits there are short positions attempting to transfer to a private company, but they claim to lack the ability to track every short position. By FINRA’s own admission, the short position issue in MMTLP can easily be a far greater problem than they initially led on. How much longer do we need to wait?

  • FINRA Leaves Out Many Answers In Response

    For a minute let’s ignore the lies and misdirection in FINRA’s response. When you sit down and really digest the FINRA response to the Open Letter it is woefully insufficient. It’s a 32-page document which repeats 7 pages with the Supplemental FAQ appearing twice. This was probably done because they don’t want anyone to look at the first FAQ, of which was later edited to suit their needs, plus having more pages leads to reader fatigue and confusion.

    But it’s also important to know that the response doesn’t even answer many of the questions posed in the open letter. This is probably the reason FINRA did not number their answers like the questions were, because it would show how many questions they simply didn’t even answer or supply data for.

    A few examples:

    Question 4: “including all unreacted communications between FINRA, SEC, governmental agencies, any outside organizations, FINRA members and non-FINRA members and any other individuals”.

    FAIL. No communications were included in their response.

    Question 5: “Include any relevant documents or communication”.

    FAIL. Nothing was included here to show when FINRA advised when $MMTLP would no longer trade.

    SPOILER ALERT: I have some relevant communication, it’s a Jeff Mendl video (VP of the OTC Markets) you can watch where the last trading date was stated clear as day.

    Question 6: Did FINRA issue a blue sheet request for MMTLP…?

    FAIL. COMPLETELY IGNORED.

    SPOILER ALERT: I have a FINRA email from Sam Draddy that shows they were blue sheeting MMTLP in December 2022.

    Question 7: How many questions, complaints or inquiries have they received?

    FAIL. COMPLETELY IGNORED.

    Question 8: Provide the statutory or legal justification used by the SEC and FINRA to ignore public requests and congressional inquiries.

    FAIL. COMPLETELY IGNORED.

    These are just a few examples.

    OH WOW, they did answer this one:

    Question 15: “Are your organizations willing to work with NBH to determine a resolution…”

    Their answer was apparently a flat out NO.

    “We are willing to continue to engage with you and other Congressional offices on this matter.”

    But I guess they are not willing to work with Next Bridge. What a surprise.

    The only credit FINRA gets is essentially for PARTICIPATION, they at least gave some kind of response, albeit a severely lacking one that hints to Congress that they are definitely hiding something.

    Gary Gensler and SEC, you’re up! You missed the deadline and 74 Congressional representatives, some with subpoena power, are eagerly awaiting your response.

    TICK TOCK.