B2B

MMAT - Citadel Awareness Did Citadel miscalculate the Meta Materials bankruptcy? 👀 With the Trustee now looking under the hood at 161 key trading days tied to MMAT, the question isn’t about assumptions—it’s about what may be revealed if the Court requires records to be produced. Citadel has been fighting the subpoena for over a year. Their Motion to Quash arguments were heard by Judge Spraker. Awaiting a ruling - expected as early as this week.

$MMTLP only exists because those that shorted $TRCH never intended to close their obligations. The float of the dividend placeholder in which MMTLP represents was almost entirely held by investors...

🚨 DELTA OFFERED PASSENGERS $6,000 TO GET OFF A FLIGHT — AND NOBODY TOOK IT A woman filming at the gate says Delta started asking for volunteers because the flight was overbooked. First they offered $800. Then $1,500. Then $3,000. The number kept climbing… until it hit $6,000 per passenger just to take a later flight. And somehow not a single person stood up. How important was this flight that people turned down SIX THOUSAND DOLLARS?

A new player entered the arena… Check out the recent docket entry… JANE STREET GROUP LLC MMATQ Meta Materials, Inc. Bankruptcy (Case No. 24-50792-gs) Filings: 04/23/2026 | Docs 2714–2717 🚨 What just hit the docket (very simply): Doc 2714 & 2716 → Out-of-state attorneys asking to appear (pro hac vice) Doc 2715 & 2717 → Local counsel designated Client: Jane Street Group LLC 👀 👉 Translation: Jane Street just lawyered up and formally entered the case. ⸻ 🔎 What this is an indicator of This is not routine noise — it’s a signal: A major non-party (or future defendant) is preparing for a fight They expect real exposure (subpoena → litigation path) This often happens right before or right after serious discovery pressure Given the Rule 2004 posture, this lines up with: 👉 “We’re no longer watching — we’re defending.” ⸻ 🧠 What likely happened behind the scenes (hypothetical)⬅️⬅️ Trustee’s team: Sent preservation letters / informal outreach Or is lining up expanded subpoenas / data requests Jane Street: Realizes this isn’t going away Brings in specialized litigation counsel (not local) Prepares for: Motion practice (quash/limit) OR future adversary proceeding (lawsuit) 💡 This step usually means internal conclusion: “We could be directly in the crosshairs.” ⸻ ⏭️ What to expect next Very near-term: Possible appearance in hearings (watch May 7 funding hearing closely) Coordination with other players (Citadel / Virtu type posture) Next phase: Pushback on discovery scope (burden, privilege, CAT data, etc.) OR quiet early positioning for settlement leverage Longer-term: If trustee gets data → targeted complaint could follow First movers sometimes: Settle early Or try to shape the narrative before suit is filed ⸻ 🎯 Bottom line This is a “new player enters the arena” moment — but not casually. 👉 When a firm like Jane Street files pro hac vice: They’re not browsing the case… they’re preparing for impact. ⸻ ⚠️ Not Legal Advice