The Meta Materials Fraud Explained

[@wallstreetmillennial]

Use the activation code wallstreet at nordpass.com/wallstreet to get a 3-month free trial of NordPass Business. No credit card is required.

[@khunopie9159]

lol nope

[@TeDynef]

Chrome has a good password manager build in. I trust google more than these youtube ad companies.

[@JeremyFacer]

Yes we’re a nano material company using AI leveraged web3 blockchain frameworks.

[@Compulsive_LARPer]

Don't forget big data.

[@lillexus5589]

​@@Compulsive_LARPer cloud driven big data

[@Obiterarbiter]

I'm so proud to see some Canadian representation on this channel.

[@brendanquinn6894]

Oh Canada ! lol

[@editorjohn8803]

Canada's stocks are the worst. Look up the stock tickers on TSE, TSX-V, and CSE (these are the three main exchanges), and you'll see red all over. Financial statements are often non-existent. As soon as a financial statement or announcement for US stocks is made, you get it immediately through Google. In Canada, nothing... only walls and paywalls for access

[@Mr.Muckington]

Why

[@michaelramon2411]

Oh, hey, it's not a SPAC - it's something sketchier than a SPAC!

[@12pentaborane]

Fiscal horrors beyond human comprehension.

[@aghhhog2655]

It’s practically the same concept lol

[@wolfengod8277]

Issuing a non-tradable preferred share was actually pretty clever. Definitely not ethical, and clearly stock market manipulation but what an absolute move.

[@rileyh4169]

"Nano-materials" is in the same ballpark as "blockchain" and "AI".

[@toomanyaccounts]

nah graphene. is used a ton

[@samsonsoturian6013]

Buzzword is the term you're looking for

[@samsonsoturian6013]

​@@toomanyaccountsgraphite is not graphine

[@Vavagutt]

Erm, no it’s not.

[@stephenm3470]

​@samsonsoturian6013 it's just experimental technology that was overhyped. They are way more than just buzzwords.

[@tgj5680]

Passwords in cloud is garbage, but if you have to use KeePass or something similar and a cloud drive that way you maintain some semblance of control.

[@Derpy1969]

I love how the graph forms a middle finger to shorts.

[@auraguard0212]

$1400 A SHARE, DOWN TO $3?!

[@notnoaintno5134]

Womp womp

[@anush_agrawal]

Reverse stock split

[@raylopez99]

I doubt anybody held on that long. it's like somebody holding onto a share of some high flyer like NVDA today from the initial IPO. Very unlikely anybody has that kind of perseverance, though I'm sure some people do.

[@jeffw8218]

That’s not how it works.

[@jordansme1234567]

Such a criminal fraud so many people were lied to about and when trch switched the rug was pulled. I thankfully made enough on calls on the way up to not be a big loss but wow what a blatant crime..

[@wouldntyouliketoknow9891]

Honestly this sounds like a clever bit of financial engineering, but like all clever plans sometimes they just don't work out. I didnt hear anything that sounded like fraud. They made a series of legal moves intended to benefit their share holders. Thats probably the best fiduciary option for companies that have no hope of profiting from operations. Unwinding in this fashion is better for share holders than bankruptcy

[@Sentralkontrol]

the second they misrepresented their assets for financial gain it became fraud. Their doubling down cemented it.

[@Sentralkontrol]

individual moves can be legal but the overall process can be illegal

[@monobryn64]

Doing legal things *in order to create a short squeeze* is illegal. The crime is in the motive, in this case.

[@raylopez99]

Georgios Palikaras seems like a very Greek name. From my limited understanding of Greek, it translates to "George Nice-Lad" since Pakikaras is Greek for "Nice Lad". Could not be further from the truth apparently. Let me quickly Google it to see if the Lad has any plausible defenses. OMG!! no. No and no. The SEC will IMO lose this one (and LOL they are trying to defend, indirectly, shorts?). They are trying to allege there's a "fair value" (see "artificially raise" below) that Palikaras et al violated. This is (from my limited understanding of how securities law works; I'm not a securities lawyer but have kept up with some of this stuff) very hard to prove. I predict the SEC will lose at trial, if the defendants have the resources to fight (and it's sometimes hard to fight City Hall). Palikaras is a good lad after all. From the SEC website: "The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, alleges that Brda and Palikaras planned and conducted the manipulative scheme that included, among other things, issuing a preferred stock dividend immediately before the merger. The complaint alleges that Brda and Palikaras told certain investors and consultants-and hinted via social media-that the dividend would force short sellers to exit their positions and trigger a “short squeeze” that would artificially raise the price of the company’s common stock. The SEC further alleges that Brda and Palikaras also misrepresented the company’s efforts to sell its oil and gas assets and distribute proceeds to preferred stockholders, giving investors a false impression of the value of the dividend. While investors held or bought the company’s common stock to receive the dividend, the complaint alleges, the company was cashing in by selling $137.5 million in an ATM offering at prices that the company, Brda, and Palikaras knew were temporarily inflated by their manipulative scheme. “We have two days,” the complaint alleges Brda told Palikaras after the first day of the ATM offering, “to take advantage of the squeeze...”

[@TurboFrieza]

@@raylopez99 they’ll win

[@raylopez99]

@@TurboFrieza Maybe so, but Brda's scheme to have a preferred stock that short sellers could not obtain was absolutely brilliant. If legal, I'm surprised more companies don't use it. It's like a "poison pill" defense, invented back in the 1980s. Genius.

[@hardyea]

Thank god someone is exposing this fraud.

[@brendanquinn6894]

A fool and his money were lucky enough to get together in the first place !

[@Contentisdata]

Outstanding! 👊

[@obsidianjane4413]

But did the shorts get burned?

[@brendanquinn6894]

He didn't even mention the bras !

[@abuferasabdullah]

Great job explaining this episode 👌🏼👌🏼

[@THEZMX195]

Absolutely terrifying....the more videos i watch about stock markets and economic tides the more i realize it's all just a game. "Company A can do a short squeeze by completing a reverse merger and stock split" makes about as much sense to me as "Collect all the Yellow Gems to unlock Super Strength and crush the Goblin Boss"

[@donvin999]

You didn’t mention the bird lady.

[@martinithechobit]

I got that reference. I admit I though it could be a thing but looks like I got burned. LUckily its in a cash account.

[@hume1234561]

The SEC are going after these small fish and leaving all the medium and large fish alone. What did Brda and Palikaras do that every other institution hasn't done before them? The whole market is a hot bed of fraud.

[@lanceres5spd]

You should do a video on Nuburu stock. Maybe you can dig up some dirt.

[@Clickbait540]

Wall Street millennial: “Hey, ChatGPT explain the Meta materials fraud.”

[@moofymoo]

11:17 - is that a quote from Wolf of Wallstreet?

[@BoneyardLabs]

You didn’t talk about the FINRA hault that prevented shorts from covering and longs to sell?!

[@zekebones34]

Do BBIG next

[@PauloSergio-yh7wr]

that peak happens to all stocks.....

[@jeffreycuadros1685]

Didn't MeetKevin recommended this stock? long back when he was the "Stock Doc" ?

[@martinithechobit]

I GOT COOKED.

[@hydrohasspoken6227]

Wait a minute. Is inflating stock price a crime? 🤔

[@mr.g4099]

11:55 Isn't that literally their duty to do so?

[@bortolo1007bortolo]

We make milionaires out of billionaires 😂

[@editorjohn8803]

Ask Chat-GPT what the names of all the exchanges in Canada, and it will mention that there are a total of two, which are TSX and TSX-V. Then you ask, "What about CSE?" and it will apologize and say Canada has three exchanges. Canada's stock exchange is full of murkiness and scammy companies that give negative returns like pump and dumps

[@Archonch]

Oh God I thought the shorts were just a funny thumbnail for the video!

[@Kratargon]

Nanomachines, son!

[@grahamjones5400]

Word Salad= probably a scam

[@mcchristenson]

Who the hell has so many accounts and passwords?

[@williamdistefano5698]

I have a question which is probably driven by ignorance of the market. Weren't the short sellers hoping to butcher the company as it was on the verge of bankruptcy when they did so? And if that IS the case, isn't burning the short sellers in the best interest of the company since it allowed them, at least for a little while longer, to continue to be in business?

[@viewtifuljon8105]

Short sellers have no impact on how long a company stays in business. They have no voting rights and if the price goes down (something they can't influence) they can earn money from the person they borrowed the shares from if the price goes down. Earning this money does not affect the company in any way. I really don't know where people came up with the narrative that short sellers are bankrupting companies. If a company is being shorted a lot, it's likely a terrible company that will go bankrupt on its own, short sellers cannot speed this up or slow it down in any way.

[@williamdistefano5698]

@@viewtifuljon8105 but isn't a short seller's bet that the stock will go down?

[@DoktorCock]

@@viewtifuljon8105that’s not entirely true, sorry. If a stock is shorted heavily, its market price decreases, which is in turn increasing the cost of capital for a company if it is trying to raise fresh equity. For a certain amount of freshly emitted shares, the amount of capital raised will be lower. Since struggling companies are often in dire need of fresh equity, a massive shortening of its stock can certainly worsen an already difficult financial situation.

[@AntoBlo]

The thing is that positions net out, so the only thing a short seller is doing is give the market liquidity. For every short seller there are 2 long positions, the original owner of the stock, and the buyer. The original owner is simply earning rent on his stock, which he is entitled to. The secondary buyer is just someone buying a stock on the open market. And the short seller is providing liquidity so that two people can be long on the same share.

[@joesmith3590]

Shorting doesn’t make a stock go down. Look at highly shorted stocks they often go up. Reality makes a stock go down and shorts try to time that to profit from it.

[@tgoshe]

Can you do a video on WBX please 🙏 They also originate from the almighty SPAC

[@lsdead9761]

Is 7 dolar average worth holding ?

[@deso2]

lol

[@JKPrimetime]

Yep i still have my 5 NextBridge shares waiting to be sold to actyally get that "special dividend" everyone hyped up. This dividend, combined with possible gains. It was a big reason of why people invested into the stock

[@elementaltamago1297]

Poor Bird Lady Roller Pigeons :(

[@ChrisJohnson-tn1mo]

Wasn’t MMTLP a squeeze play and they cheated with naked shorting and delisted it to avoid the squeeze because retail bought up the stock? Basically a meme stock, no? Wasn’t there a court case that retail won?

[@TurboFrieza]

Wrong.

[@joesmith3590]

They won nothing. It was a scam pump and dump like all short squeeze plays lol.

[@ChrisJohnson-tn1mo]

@@TurboFrieza ok, can you expand on that please? I’m ok with being wrong.

[@TurboFrieza]

@@ChrisJohnson-tn1mo there was no proof of naked shorting. Retail didn’t win any court case. MMAT settled out of court by having their insurance pay fines.

[@ChrisJohnson-tn1mo]

@@TurboFrieza 👍🏼

[@cheeseflavoredsoda3262]

MOASS when? JK.

[@InsaneBimmer]

Slotting in a 60 sec ad is why I don't like or sub. Just letting you know. You don't even have enough subs to be that bullish.

[@antonhasenkampf4689]

Intresting causing a shorg squezze is matket manipulation, but selling nacked shorts isn't😂😂😂😂

[@danburry]

Second.

[@auraguard0212]

Too big-brained to succeed. XD

[@kingbonezai4925]

First!

[@deathlarsen7502]

😂 get a life

[@bacca2250]

Lol

[@austinwinston684]

This is literally all false.

[@bobbyjoe9328]

Can you elaborate?

[@antonhasenkampf4689]

Intresting causing a short squezze is market manipulation, but selling nacked shorts isn't😂😂😂😂 Also nothing was mentioned of the illegal U3 halt

[@joesmith3590]

Ahahahaha.

[@robertlee6338]

People who followed wall st bets etc made a fortune. Only mugs are complaining 😂

[@PixelFrameUK]

When did you become a shill for the shorts? When did a plan to combat extreme shorting become a ‘’scheme’ as you called it on the video? Dude… you’re full of bs

[@TurboFrieza]

@@PixelFrameUK you’re clueless. Even when presented with hard facts you choose to be ignorant. Enjoy bagholding. 🤣

[@av_oid]

Now do Tesla shorts and how there are getting destroyed right now.

[@83joonior]

Listened to the entire thing and this sounds like some Raemen bullshit. Prefaces the video with "fraud" but then explains the situation and doesn't present any evidence of fraud. Situation normal, OP fucked up.

[@Dashcam-Media]

I was in this too, but fuck it rn. MMAT is done and we most likely lost our money