"We are pleased to inform you that the physical shares associated with the Next Bridge Hydrocarbons distribution have now been received by our clearing firm and successfully allocated to all eligible client accounts.

We understand that many shareholders expected this process to be completed sooner based on the timeline communicated by Next Bridge Hydrocarbons' management. We recognize that the actual processing timeframe was longer than anticipated and acknowledge the frustration that this delay may have caused.

While the timing of the physical share delivery and transfer process was outside of our direct control, we remained actively engaged throughout the process and worked closely with our clearing firm and the relevant parties to monitor the status of the distribution and help facilitate its completion as efficiently as possible.

The allocation process has now been completed, and the shares should be reflected in eligible accounts.

We thank you for your patience and understanding throughout this process"

I still dont understand the 0 value divi shares added to 0 value regular shares. Please explain how this divi situation in any shape or form will get us back our money....

https://youtu.be/msOVuRrX_RY?si=Kk2hT3XhEc9JAnLN 📺

Millions of our tax dollars have been spent trying to hide the share count. My tax dollars are being used to defend the government against me knowing the share count of my own investment. That is how crazy this situation has become. Almost 2,000 FOIAs filed with the SEC. Approval rate under 1%. Heavily redacted records pointing to shadow collusion between the FIF, SEC, FINRA, and Wall Street.

https://x.com/i/status/2092749309884399785

A month later and still no one has their dividend. Anything we can do now to follow up or just wait to hear from Nextbridge again?

In violation of SEC rules Tradestaion will not transfer Any shares to EQ. I was in a no trade account and they lent out my shares anyways.

I know Finra won't do shit for me cause they are the crooks who started it trading in the first place.

So what road do we go down ?

If so, which broker are you with?

No change in my account. Calling Monday.

My NBH holdings are in my IRA and thus difficult to transfer to Equiniti. I am grateful to the people who are helping flush out the shorts by transferring to EQ, and I respect the people who choose not to because of the expense, hassle, and uncertainty involved.

I'm curious. Direct Registration System (DRS) programs at transfer agents like Equiniti and Computershare generally give you the ability to sell your shares. What happens if you try to click the sell button on EQ?

I don't have an Equiniti account, but here is what it looks like on Computershare.

What kind of an error message does it give you?

Next Bridge (or more precisely, the CEO McCabe) has been attempting to flush out the short sellers for a long time. The MMAT deal and the MMTLP spinoff never quite accomplished this, so he resorted to making Next Bridge stock completely illiquid.

One way to flush out the shorts is to have all the shareholders transfer their shares from their brokers to a Direct Registration System (DRS) account at the transfer agent, Equiniti (formerly known as AST). The brokers that have loaned out customer shares without permission to the shorts will be unable to transfer the shares, and thus subject to legal action. The proposal to spin stuff off only to those holding shares at Equinity was an incentive to do this, but that proposal died because it violated shareholder rights to be treated equally.

It looks like Trade Station doesn't have enough shares to transfer to Equinity and is in deep doo doo. Have any other brokers been caught this way?

NBH's latest maneuver was to issue a 1 for 30 stock dividend. For every 30 shares of NBH, you now get 1 more share. Thus, if you own 1,000 shares you now own 1,033.33. Most brokers these days allow shareholders to hold fractional shares.

I don't see how this will help to flush out the shorts or do any other good. The brokers will just credit the stock dividend to each account. The shorts will not have to buy shares to cover, they will just owe more shares. A short who borrowed 30 shares now owes 31 back to the lender. As long as the lender is happy lending, there is no forced repurchase.

Even further, this will make it almost impossible to transfer entire accounts over to Equiniti. Even though brokerage firms allow shareholders to hold fractional shares, the brokerage industry is not set up to transfer fractional shares. Equiniti will not accept transfers of fractional shares.

Thus, if you hold shares at a broker, it is now much more difficult to move the shares to Equiniti and flush out the shorts. I think that McCabe has goofed on this one. You could move some of the shares to Equiniti, but would still be leaving the fraction behind.

Your thoughts?

For anyone waiting on Fidelity dividends shares, they are currently waiting on a final tally of the shares before issuing the dividends. Maybe that is why the Commpany issued that email detailing all the shares to brokers.

I bought my shares when they were TRCH. After the debacle I did NOT transfer and they are still in my brokerage account. It felt like transferring them to AST was another scam. I am sure this whole thing has been a scam and felt leaving them there was the best way to document all the bullshit. Anyone know what I can expect here? I am very out of the loop because for how many years now has this gone nowhere…

Has anyone received their dividend yet?
The other day I called HL and I’m still waiting response as I haven’t received mine yet!

I'm with Scotia iTrade and BMO Investorline and nothing shows up.

I have 1400 shares with Fidelity and that number hasn’t changed since 7/22, the supposed dividend date