The Woke Street Journal
Thanks to my friend John Tabacco for brining this issue around MMTLP to my attention. Here’s a timeline of what happened:
Meta Materials Series A preferred shares (MMTLP) were created during a merger between Meta Materials (MMAT) and Torchlight Energy Resources (TRCH) to provide preferred stock dividends to TRCH. MMTLP shares began trading on the OTC market in 2021.
In the summer of 2022, the SEC received and subsequently approved a Form S-1 and amendments to spin-off a portion of the company, Meta Materials, into a new company, Next Bridge Hydrocarbons (NBH).
On December 9, 2022, FINRA issued a U3 halt on trading in the company's stock, preventing shareholders from making further trades. Since the halt, constituent investors have contacted Members of Congress with serious concerns about the spin-off transaction and the subsequent halt on trading. To date, more than 40,000 letters from concerned constituents have been sent to Congress.
To date the shares are still halted and investors cannot access their money. This impacts at least 65,000 small investors.
https://twitter.com/busybrands/status/1742990659324133474
Interview with Charles Payne on MMTLP
@JohnnyTabacco QUESTION FOR THE GENIUS CROWD?? How did shares borrowed for from 10M to 3.9M on 12/13?? Was there’s settlement on 13th? Shorts couldn’t cover so where did all the borrowed shares go? Open to ideas from all the genius crowd. Great point
@kshaughnessy2 Why won't FINRA release the certified aggregated, audited share count? "The last time we asked FINRA they said they had no methodology of doing that, which is kind of rich because they're in charge of regulating all the broker dealers who have the share count.... It would take about one day for them to get that information."
Meanwhile the SEC is too focused on protecting investors from climate change to protect investors from these issues.
This is what you are going to see happen, ESG is going nowhere. How to Fix ‘ESG’ by Changing Its Name-Bloomberg
“Advocates and critics have become so caught up in cheerleading and criticizing ESG, or scoring points against the other side, that they’ve lost sight of the shared goal to create long-term value,” he wrote in a Jan. 20 paper. He said it’s time to get back to basics and closer to the original intent of those United Nations officials who created the environmental, social and governance movement roughly two decades ago.
BlackRock, State Street, and Vanguard in a lot of ways have more power than elected officials. Why Elon Musk Is Comparing Index Fund Consultants to ISIS The billionaire worries about the power other shareholders have over Tesla, and the advice they get-WSJ
Musk’s index-fund concerns, which he has expressed publicly in piecemeal over the past two years, are twofold: Index funds have become too powerful, and they are overly influenced by proxy advisers that guide fund managers on votes in corporate matters.
Now he’s letting TikTokers dictate U.S. policy. Press reports say Biden adviser John Podesta pushed for the “pause”—which tees up an outright ban—after TikTokers and Mr. McKibben made stopping LNG exports a cause celebre. Mr. Biden’s advisers at the White House even met with a TikTok climate “influencer.” The Administration hopes its climate gesture will boost the President’s flagging political support among young people.
Who cares about the real-world impact, or the signal to allies and adversaries that the U.S. isn’t a reliable partner? Europe and Asia should plan to import their gas from Qatar, Russia or even Iran. Xi Jinping and Vladimir Putin now know they can exploit the Administration’s climate obsession to undermine U.S. interests.
The environmental risks of the Biden permitting pause are tightly tied to its geopolitical ones, which could be disastrous themselves. If America exports less LNG, our adversaries will fill the supply gap. China is rapidly permitting new coal-fired power plants—the country’s coal-power capacity has more than doubled in the past few years—while monopolizing supply chains for critical minerals and renewable energy. Meantime, Russia still exercises energy dominance over Europe in the wake of its 2022 invasion of Ukraine.
"Activists are hailing the decision as a landmark crisis that shows that industries will no longer just get a blank ‘okay’ to proceed with building oil and gas products, a powerful statement we can no longer allow the industries to continue operating and that hearkens back to President Biden’s campaign vow to put the fossil fuel business out of business," Kernen continued. "And he said, 'Read my lips, we will put fossil fuels out of business.’"
No it’s not. It’s a warning that you don’t go against Trump with a weak campaign. It’s also a warning that you should have waited until 2028. DeSantis’s defeat is a warning to all: Don’t go up against ESG-The Hill
Bill To Ban Diversity, Equity And Inclusion At Universities Heads To Utah Governor’s Desk-Daily Caller
Huge loss for DEI in federal court-Washington Examiner
When even a liberal federal judge appointed by former President Barack Obama rules that diversity, equity, and inclusion practices can be illegal, it is time to recognize that most DEI regimes by design are invidiously discriminatory.
In a case that received too little attention, Judge Wendy Beetlestone of the Eastern District of Pennsylvania ruled this month that former Pennsylvania State University professor Zack De Piero had reasonable grounds to keep alive a lawsuit against the school based on its DEI practices. De Piero said DEI policies at the college essentially forced his resignation, and Beetlestone agreed the professor “plausibly alleged that he was subjected to a race-based hostile work environment.”
DEI Priorities Interfere With FBI Hiring, Undercut National Security, Report Claims-Zerohedge
The report cites instances of new agents failing to meet even relaxed fitness standards, displaying literacy issues requiring remedial English lessons, showing reluctance to work overtime, and even having serious disabilities or mental health concerns.
Everyone except Mark Cuban. Poll: Most Americans Oppose Race and Gender Identity Hiring-Florida Daily
With corporations and universities supporting liberal policies such as Diversity-Equity-Inclusion (DEI) and Critical Race Theory (CRT), a poll conducted by CRC Advisors revealed that most voters polled opposed race and gender identity-based hiring.
Other stats from poll revealed:
66% oppose hiring based on race or gender identity.
70% of Republicans and independents polled opposed the hiring practices.
54% of Democratic Party voters polled also opposed.
‘Go woke, go broke’ – Rip Curl blasted over transgender surfer-2GB
Surfing brand Rip Curl is facing criticism for using a trans-athlete to promote the women’s sport. The brand dropped former ambassador Bethany Hamilton following her refusal to compete against transgender women.
Canada vs. Jordan Peterson-WSJ
It’s hard to escape the conclusion that it’s Mr. Peterson’s worldview, not his delivery, that has gotten him into trouble with the authorities. After all, online snark isn’t yet a crime in Canada. Court documents cite instances of name-calling politicians and his refusal to use pronouns other than those that correspond to biological sex. In May 2022, court documents say, “he commented on a Sports Illustrated Swimsuit Edition cover with a plus-sized model, tweeting: ‘Sorry. Not Beautiful. And no amount of authoritarian tolerance is going to change that.’ ”
If she keeps this up she’s going to piss off all the billionaires she’s a useful idiot for. Greta Thunberg protests at UK airport in woke bid to 'stop private jets'-Express
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