lucky, mydog
6 days ago
lololol. did you see what happened to another scam basile was promoting?
SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations
https://www.sec.gov/news/press-release/2024-77
FOR IMMEDIATE RELEASE
2024-77
Washington D.C., June 25, 2024 —
The Securities and Exchange Commission today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. The company has agreed to settle the SEC’s charges in an administrative proceeding, while the SEC’s litigation against Brda and Palikaras will proceed in federal district court.
The SEC’s complaint against Brda and Palikaras alleges that, as a result of a concerted market manipulation scheme, Meta Materials, a Nevada corporation headquartered in Dartmouth, Nova Scotia, Canada, raised $137.5 million from investors in an at-the-market (ATM) offering in June 2021 immediately prior to the merger of Brda’s Torchlight Energy Resources Inc. and Palikaras’ Metamaterial Inc. that formed Meta Materials.
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...”
“The conduct we allege was a sophisticated, yet brazen plan by a public company and its former CEOs to purposely mislead investors in the company’s stock,” said Eric Werner, Director of the SEC’s Fort Worth Regional Office. “This conduct is particularly alarming because it involves public company CEOs who were more concerned with ‘burning the shorts’ than creating long-term value for shareholders.”
The SEC’s complaint charges Brda and Palikaras with violating the antifraud and proxy disclosure provisions of the federal securities laws, and charges Brda with aiding and abetting Meta Materials’s violations of the reporting, internal accounting controls, and books and records provisions. The complaint seeks permanent injunctions, officer-and-director bars, and civil penalties from both defendants. The complaint also seeks disgorgement with pre-judgment interest from Brda.
The SEC also instituted a separate administrative proceeding against Meta Materials, entering a settled order finding that Meta Materials violated the antifraud, reporting, internal accounting controls, and books and records provisions of the federal securities laws. Without admitting or denying the findings, Meta Materials was ordered to cease and desist from violations of the relevant provisions of the federal securities laws and to pay a $1,000,000 penalty.
The SEC’s investigation was conducted by Christopher Rogers and Ty Martinez of the SEC’s Fort Worth Regional Office under the supervision of Samantha Martin, B. David Fraser, and Mr. Werner. The SEC’s litigation against Brda and Palikaras will be conducted by Patrick Disbennett and supervised by Keefe Bernstein.
A separate Commission investigation regarding subsequent events related to Meta Materials (MMTLP) remains ongoing. If you are an individual with information related to this investigation or any other related suspected fraud and you wish to contact the SEC staff, please submit a tip at SEC.gov.
PEMBROKE1
1 month ago
This piece of shit almost made it to .0002 today at closing instead of .00015.
It's hard to understand when the bid is 2,000,999, 9888,555 shares at .0001 and the ask is 250 shares at.0002.
and it trades at ,00015 or less. A lot of the time. You would have to have millions and millions of shares to make $600.00 dollars
PEMBROKE1
1 month ago
Hi,
Can someone explain this filing to me filed with the SEC on 3-14-2024
361,690.00 common shares represent 6.9% of outstanding common shares
Parents bought the shares for their son
Mr. Eugene Esmer Caranza Cara beneficially owns current holdings of 361,690 total shares of common stock of Solar Integrated Roofing Corporation, which represents a calculated approximate observed percentage of 6.9% ownership which is calculated by the current share price and the total market capitalization of the company. This calculation is based on the approximate shares outstanding of 5,000,000 shares of common stocks in the current situation of the stock market.
5,000,000 shares?
(b)
361,690 shares
(c)
-On Tuesday, 16 February 2024, Mr Eugene Esmer Caranza Cara acquired 21,500 shares of Solar Integrated Roofing Company with a share price of $0.0071 per share.
-On Monday, 22 February 2024, Mr Eugene Esmer Caranza Cara acquired 7,500 shares of Solar Integrated Roofing Corporation with a share price of $.0056 per share.
-On Friday, 26 February 2024, Mr Eugene Esmer Caranza Cara acquired 39,000 shares with a share price of $.0040 and an additional 1,500 shares for $.0040 per share.
-On Sunday, 28 February 2024, Mr Eugene Esmer Caranza Cara acquired 315 shares with a share price of $.0030 per share.
-On Wednesday, 01 March 2024, Mr Eugene Esmer Caranza Cara acquired 21,500 shares.
-On Saturday, 04 March 2024, Mr Eugene Esmer Caranza Cara acquired 161,895 shares.
-On Monday, 06 March 2024, Mr Eugene Esmer Caranza Cara acquired 2,417 shares and an additional 106,333 shares.
https://www.otcmarkets.com/filing/html?id=17369193&guid=AMQ-kenLMkcpJth
Nighthawk_1
1 month ago
Yes, split occurred 1/23/2024. We see the end result. And based on what I have been observing, this isn't going anywhere...LOL Just my opinion. I could be wrong, but for the last 5 months, been crap. Whether it goes up or not depends on company, just my perspective. Typically, just after an R/S, based on my observations, stock always goes down. I very rarely ever see one go up just after an R/S. It's funny when people claim that one needs volume, but when volume has exceeded several times, the POS still at .0001/.0002. Reason why I pulled out of a buy last month and now just watch for now.