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Phonecall for Update To Financial Services Members

SCRIPT BELOW THE PHONE NUMBERS. Call the members of the Committee as well as Committee HQ: (202) 225-7502

 

Patrick McHenry 202-225-2576
Frank Lucas 202-225-5565
Pete Sessions 202-225-6105
Bill Posey 202-225-3671
Blaine Luetkemeyer 202-225-2956
Bill Huizenga 202-225-4401
Ann Wagner 202-225-1621
Andy Barr 202-225-4706
Roger Williams 202-225-9896
French Hill 202-225-2506
Tom Emmer 202-225-2331
Barry Loudermilk 202-225-2931
Alex Mooney 202-225-2711
Warren Davidson 202-225-6205
John Rose 202-225-4231
Bryan Steil 202-225-3031
William Timmons 202-225-6030
Ralph Norman 202-225-5501
Dan Meuser 202-225-6511
Young Kim 202-225-4111
Byron Donalds 202-225-2536
Andrew Garbarino 202-225-7896
Scott L. Fitzgerald 202-225-5101
Mike Flood 202-225-4806
Mike Lawler 202-225-6506
Monica De La Cruz 202-225-9901
Andy Ogles 202-225-4311
Erin Houchin 202-225-5315
Zach Nunn 202-225-5476

 

Hello, may I speak to a staff member for Congressman/Congresswoman [Name] please? My name is [Your Name], and I am calling about an urgent matter that requires the Congressman/Congresswoman's immediate attention. I hope you can assist me. (pause to allow them to answer)

 

I know that the members on the House Committee on Financial Services are aware of this concerning situation surrounding MMTLP and FINRA's refusal to release the audited share count. I also understand that a group of staffers have recently met with FINRA. I wanted to call to provide you with an update. (pause and wait for an answer)

 

We have been made aware that FINRA made numerous misrepresentations at the recent briefing, including the reason why the trading was halted on December 9th. We have been informed that FINRA stated that the reason for the halt was due to uncertainty in the settlement and clearing process. We have evidence that we can provide which demonstrates that by changing the dates that the process was supposed to have followed, FINRA created the very problem that they used as an excuse to halt the trading. If you provide me with your email address, I can send you this information, as well as communications from brokerages that informed the investing public that contrary to FINRA's claim to the committee, position close only trading was to have taken place on the 9th and 12th of December. What email address can I send this to?

 

I also understand that FINRA also refused to provide an audited share count to members of the committee that have inquired about one. If FINRA is refusing to release the actual audited share count data, there is another way to resolve this. FINRA has the ability to work with Next Bridge Hydrocarbons, the company involved, to allow the temporary listing of their stock for position close only trading before becoming non tradable again. That means that there would be no new buying or short selling allowed during this time. They would be doing this to use this period to reconcile their shares, as illegal practices led to counterfeit shares of this stock being sold to the public. By mandating that all broker dealers participate in this path to resolution, this would provide FINRA with the opportunity to finally end this situation, and ensure fairness while protecting the investing public's interests, and it will prevent these kinds of actions from being repeated in the stock market moving forward. I just wanted to take the time here to urge the Congressman/Congresswoman to urge FINRA to work with Next Bridge Hydrocarbons toward this resolution, and DEMAND that ALL OF the counterfeit shares be reconciled. (pause to allow them to respond)

 

I also want to request that strict congressional oversight be implemented during this temporary trading period should it occur. This reconciliation process needs to be transparent and free from any further market manipulation or fraudulent activities. Congressional oversight will provide the necessary checks and balances to safeguard the integrity of the reconciliation process, and will keep FINRA or any other potential bad actors from nefarious activity during this trading period. (pause to allow them to respond)

 

Furthermore, I'd like to make one last request that John Brda, former CEO of Torchlight Energy Resources, and his attorney Wes Christian meet with or consult with members of the Committee at the conclusion of this trading period to validate that the reconciliation has been effectively carried out. (pause to allow them to respond)

 

It is VERY IMPORTANT that the Congressman/Congresswoman use any influence they have on FINRA to urge them to finally resolve this situation. (TALK ABOUT HOW YOU ARE STRUGGLING, AND HOW THIS IS AFFECTING YOU). People are suffering here and this is FINRA's chance to finally end this horrible situation. It is crucial that we have transparency, accountability in our markets, and this is the ONLY way that happens. (pause to allow them to respond)

 

Thank you for taking the time to listen to my concerns. I appreciate the work the Congressman/Congresswoman and the Committee on Financial Services do and I trust that they will consider these requests, take them to FINRA, and take necessary actions to ensure a fair and just resolution to this horrible situation.

 

 

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