Tiger Broker Tender Offer - Resources for Investors and Journalists on MMTLP

Why did this Asia-based broker send out this letter in August 2023? Were they trying to buy back shares to cover naked short positions?

🚨TIGER BROKERS, ASIA-BASED GLOBAL BROKER DEALER, ANNOUNCED @nbhydrocarbons UPCOMING TENDER OFFER TO INVESTORS OF $MMTLP/#NBH IN AUGUST 2023. COMPANY HAS NEVER PUBLICLY OFFERED TO BUY BACK SHARES!!!
▪️WHY IS @TigerBrokersSG @TigerBrokersHK TRYING TO BUY BACK SHARES IN THE… https://t.co/7KDyf9cJeF
— JunkSavvy (@JunkSavvy) June 20, 2024

An archived copy of the tender offer has been saved here.

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