Siu Singh

A "Pump & Dump" according to Google Gemini and it how compares to the actions of @FINRA (12/6/22-12/8/22). "The Pump: Fraudsters will spread false or misleading information about a company's stock. This can be done through social media, chatrooms, or even fake press releases. The goal is to create a buying frenzy that drives the stock price up." On 12/6/22, FINRA posted the first $MMTLP Corporate Action to their Daily List. This Corporate Action included a "false" 12/13/22 SHARE CANCELLATION DATE & Zero hour 12/13/22 EFFECTIVE DATE. <-These both should've been 12/14/22 at a time that coincides with AFTER market close. (This in many ways violated FINRA Rules 6490 & 2020) Based on FINRA's assertion, MMTLP was never intended to trade after 12/8 which means that the sentence included in both MMTLP Corporate Actions; "Purchases of MMTLP executed after 12/8/22 will not receive the distribution." was "misleading" due to the fact that it implied that purchases could be made after 12/8. Multiple brokerages informed their clients of how they intended to handle trading in MMTLP after 12/8/22. For many investors, FINRA posting the Corporate Action was the last thing they were waiting for before they decided to either buy, hold or sell MMTLP. When you observe the increase in volume (beginning 12/6), it resembles what could be considered a "buying frenzy" that drove the stock price up. "The Dump: Once the price is inflated, the scammers will quickly sell their own shares of the stock at the higher price. This is the "dump" part of the scheme." On 12/8/22, FINRA posted a revised MMTLP Corporate Action, validating the impression that the initial Corporate Action contained false and or misleading information. OTC Markets gave MMTLP the caveat emptor designation on 12/8 (after more than a year of trading) due to the confusion caused by the release of the two MMTLP Corporate Actions. The price dropped dramatically on this day, presumably due to short sellers selling &/or market manipulation, including during premarket hours (15% +/- drop) where the investing public didn't have the ability to trade on the OTC. (FINRA Rule 11893 violation) "The Crash: Inevitably, after the scammers sell their shares, the price of the stock plummets. Investors who boughtin based on the hype end up losing money." 12/8/22 had the most volume but most of that appears to be from short selling which caused "the price of the stock to plummet". "Pump and dump schemes typically target small, thinly-traded companies because it's easier to manipulate their stock price. They're illegal and there are regulatory bodies that watch for this kind of activity." MMTLP was a small, thinly-traded security due to the fact that it was never meant to trade and the majority of the shares being most likely held by $TRCH shareholders. This made the price easy to manipulate especially since it appears that regulators weren't concerned with investigating the true cause of this trading activity. @SECGov @SECEnfDirector @GaryGensler @HesterPeirce @The_DTCC @FBI @FBIWFO @FBILosAngeles @TheJusticeDept @DOJCrimDiv @RepRalphNorman @MikeCrapo @denniskneale #MMTLPsetaDATE