Today I Want to talk about how Finra just confirmed a huge share imbalance in Mmtp before its halting and eventual D listing. That imbalance was so bad that Finra did not make the shorts close out of their short positions when Mm TLP was replaced with Nextbridge hydrocarbons. I Also want to explain why I think the mother of all short squeezes is not over, so stay tuned unless make some money. and now we straight in with the key information.

So you may have heard about these share imbalances as confirmed by Weeble but they've also been confirmed by Finra. But first, let's explain what actually happened with the share imbalances. So Mmat news tweeted saying Weeble is stating there's complex share imbalances in Mmlp. So John tweeted asking if there's anyone who's still using Weeble who's still waiting for a transfer to as as is the American Stock transfer Association somewhat similar to Computer Share Basically, it's a way to to take your shares away from the DTC and Dtcc and hold them privately.

He said the original message from Weeble said it will take 6 to 9 weeks from the end of August and he got another message saying there's another 3 weeks due to complex share and balances. So he asked back to Weeble saying why is it going to take two to three more weeks Why such a delay? It's already been 9 weeks and it shouldn't take 3 months to transfer some shares away from the DTC C Weeble replied saying hi John I Understand your concern and your confusion. In short, complex share imbalances were created due to multiple late accommodations from other customers, which unfortunately delayed the transfer for all participants. They're basically saying they had multiple late accommodations or multiple late requests from Individual shareholders wishing to transfer their shares and then they realized they didn't actually hold enough Mmtp shares or Nextbridge Hydrocarbon shares to transfer to As and As Z Apus tweeted in response to Finra's new documentation about Mmlp.

He said, so. Basically, Finra admits to the Mmlp share imbalance, but says that it's not significant or probably, or mostly just fine. So trust us, bro, it's cool. One of the really interesting things I found when reading through Finra's updated documentation on Mmtp.

was this question 18 Question 18: Ask Fin saying: did the corporate action require that short positions be closed out of and did the Hal allow short sellers to avoid those closeout obligations. And Finra have said the Nextbridge Mmlp corporate action itself did not require investors with short positions in Mmlp to purchase shares to close out of their positions. Further, the trading Hall did not change short sellers closeout obligations. Basically saying that as a result of the Halt and as a result of Mmp's corporate action, they did not require Shorts to close their positions.

Even though Mmlp as a company was being removed and Nextbridge was going private, Finra still allowed the Shorts to do their shorting, and they've even specifically said following the Nextbridge Mmtp corporate action, broker dealers adjusted short positions in Mmlp to reflect an equal-sized short position in Nextbridge, which is a private company. So these short Sellers and broker dealers out there are still shorting Nextbridge, which is now a private company and isn't even publicly traded. and saying thus, an investor with a short position in Mmlp who did not close out that position before the corporate action would still have a corresponding short position in Nextbridge. They even admit that Nextbridge does not trade publicly as there's no secondary market.

And to make matters even worse, they even admit that Nextbridge is a private company with no secondary market, so Finra is now openly allowing short Sellers and broker dealers to shore private companies. So technically, if you own shares in this private company Nextbridge Hydrocarbon, you don't even own those shares as those shares have already been lent out to short sellers. I haven't fully kept up with the Mmtp drama on a day-to-day basis. But I Think this is why shareholders are now transferring their shares away from broker dealer and Brokers to A/ Computer Share They're basically trying to get those shares out of the DTC or out of the Dtcc and obviously held privately.

so those short sales or shorted shares have to be recalled. And obviously, for those shorted shares to be recalled, those short sellers have to buy back the shares they've shorted obviously from the true shareholders of Nextbridge Hydrocarbons, which is the retail investors. I'm very interested to see see how this story continues to develop and if they can get the entire flow or even more than the entire flow registered at the As. I Also wanted to quickly go through today's fast moving Momentum News player of the Day from the Millionaire Mindset Trading Group which was PX MD I Also wanted to remind you there's a guaranteed refund if you don't make a profit in 30 days.

So in the pre-market this morning we saw PX MD setting pre-market Highs at $585 with news and I said that a break of this 585 high with confirmation would push us higher in the pre-market alone. It eak us out a 20% gain, but when the market opened, it ran for a total gain of 75% in the group. We also have educational videos teaching you how to use things like 30 and 48 averages in the Ballinger bands to get out of a trade and maximize your profits. I Want to give a massive shout out to Grant who took the trade in his Scotia I trade account, buying in at 596 and selling at$ 835 for a whopping 40% gain.

And if you want to make these 40% gains like Grant, be sure to join the Millionaire Mindset Trading Group Linked In The description below and I also wanted to explain why I think the mother of all short squeezes isn't over I Came across this brilliant article titled Remembering the Legendary Volkswagen short Squeeze. It talks about the Volkswagen Short Squeeze. from 2008 and states that short sellers lost over $30 billion during that VW squeeze in 2008. Now I think that's a specific number that I've actually covered in previous videos when I've spoken about Volkswagen in the past.

But the reason why I found this interesting is because comparatively, the GameStop short squeeze of 2021 only cost hedge funds approximately $10 billion in losses. This proves that GameStop did not truly squeeze back in January of 2021 and did not experience the mother of of old short squeezes as it was only 13 times the size of Volkswagen. For there to be a true mother of old short squeezes in either GameStop or in AMC, we'd need to see more short sell losses than we saw in VW. So we'd need to see AMC squeezing to at least three times the size of GameStop, if not significantly larger.

Only then could you truly say the mother of all short squeezes has happened and that short sellers lost out massively. Whether that number is 30 billion, 50 billion, 100 billion, or hundreds of billions of dollars? I Don't know. but I for one can say for sure the mother of all short squeezes has not yet happened. On top of that, Jay House has tweeted saying here's the Stone Cold Truth About Why AMC hasn't yet squo he said it's not because of Adam Aaron it's not because of the fud.

It's not because of the mainstream media. and it's not because of paper hands. Ultimately, it's due to illegal synthetic. Short Selling He said it's because the people who make the rules will have to go bankrupt and to jail to write their wrongs.

End of story: We know whether it's the regulatory organizations or the market makers that truly make the rules. Either way, they're currently making the rules in their favor, avoiding margin calls wherever possible. Which interestingly leads me on to this tweet from Barart about hedge funds and their risky basis trade. You and I have kind of briefly covered this basis trade before for, but it's what almost caused Citadel to collapse back in 2020 and 2021.

At that time, they were shorting the treasury market massively and that basis trade went against them and Citadel required a bailout effectively from the FED. They needed the FED to buy up billions if not hundreds of billions in treasury Securities to bail them out. And as Bart have tweeted, hedge funds have continued adding to their short US treasuries futures positions which recently became the largest short position in history. So back in 2019, 2020, Citadel and other hedge funds were shorting around 4 million contracts in treasury Futures That almost caused them to collapse back then in 2020 2021, but now they're shorting 6 million contracts.

These hedge funds have increased their short positions by an additional 50% compared to what almost caused them to collapse back in 2020. If they almost collapsed back in 2020 and demanded a B out back then, I Can only imagine what's going to happen now or this time around when their short position is 50% bigger. What's also even more worrying is that all of these lines and all of these colors are not just for regular short treasury. Futures they're for leveraged treasury.

Futures These hedge funds have been taking risky trades and those trades are only getting riskier and riskier and riskier. That's why the House Committee for Financial Services is consistently speaking about how much of a systematic risk these overleveraged hedge funds are currently posing. And it won't be long until as J House says something at some point will break and these hedge funds that are creating this systemic risk will explode. Now on top of that, somebody asked Charles paining about his thoughts on Gary Gendler's recent tweet.

If you haven't seen Gary's recent tweet, let's go through it together. So Gary tweeted saying investing can be confusing and we've got resources to guide you along the way and many are saiding the SEC and Gary Gendler are trying to sway us or condition us or convince us to not invest into stocks that we want to and Charles Payne's response was that he just threw up. He's obviously grossed out about what Gary gender is saying. Obviously, the SEC and Gary Gensa are receiving tons of push back from retail investors directing the SEC to maybe learn about synthetic shorting because South Korea might be offering a class on just how widespread the issue is.

But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when I upload a new video. Cheers!.