MMTLP

Retail investors in MMTLP, the preferred shares spun off from Torchlight Energy ahead of the 2022 Next Bridge Hydrocarbons spin-off, are still arguing over why the SEC halted trading in December 2022 just before the shares were set to expire. Some blame market manipulation and demand accountability, while others argue regulators acted to prevent disorderly trading. The debate continues years later, with lawsuits and congressional letters keeping the issue alive among affected shareholders.