No. GME is different. GME is still trading. Gamestop is not going to a Private (non traded) company.
The MMTLP shares were a special BONUS dividend given to original TorchLight holders when they merged with Meta Materials. They were never to be traded, some hedgefund fuckery with the help of FINRA (Fraud) these prefered shares suddenly began trading. I think the hedgeies plan was to short it to non existance, so they would not have to pay the FTDs that carried over from TorchLight, BUT,. retail investors started buying it up in droves.
Go to twitter, James O'Keef to learn more if you want, I cant explain all the crazy details of what went down.
Could this happen to GME?
No. GME is different. GME is still trading. Gamestop is not going to a Private (non traded) company.
The MMTLP shares were a special BONUS dividend given to original TorchLight holders when they merged with Meta Materials. They were never to be traded, some hedgefund fuckery with the help of FINRA (Fraud) these prefered shares suddenly began trading. I think the hedgeies plan was to short it to non existance, so they would not have to pay the FTDs that carried over from TorchLight, BUT,. retail investors started buying it up in droves.
Go to twitter, James O'Keef to learn more if you want, I cant explain all the crazy details of what went down.
Gotcha. Thanks