Is mmtlp stock a good investment?

MMTLP stock isn't exactly popular with institutional investors, with only two reporting a combined position of 2,250 shares as of Q3. Shareholders of MMTLP will soon have their shares exchanged for shares of Next Bridge, which will not be publicly tradable.

Why are mmtlp shares in the Green?

Shares of MMAT stock are in the green after it was announced that FINRA had approved the exchange to receive Next Bridge shares. MMTLP stock isn't exactly popular with institutional investors, with only two reporting a combined position of 2,250 shares as of Q3.

What did FINRA say about the mmtlp corporate action?

On March 16, 2023, FINRA published responses to frequently asked questions concerning the MMTLP corporate action and trading halt (March 16, 2023, MMTLP FAQ). 1 In that corporate action, the issuer decided that MMTLP shares would be cancelled and investors in those shares would receive a distribution of shares of Next Bridge Hydrocarbons, Inc.

Are there 'counterfeit shares' in mmtlp?

In particular, some have questioned the level of short selling in MMTLP and suggested that there was a substantial amount of “counterfeit shares.” Although it is not clear what is meant by the term “counterfeit shares,” it has been used in social media when discussing “naked” short selling in a security and failures-to-deliver (FTDs).