Brian

@eskslo @RD_Squash @GTIIReceiver That is accurate in terms of the ruling allowing discovery against Alpine and the DTCC including 2 depositions of personnel of the DTCC. I expect the DTCC to still resist but we shall see where it goes.

@onehundredmph Interesting the Judge in the GTII receivership, just approved the subpoena of the DTCC for the investigation of Alpine Securities and its concentrated short position !!!

$GTII Today was a very good day in court. @GTIIReceiver has been granted authorisation to investigate Alpine and the short selling of the stock. The DTCC wasn’t cooperating but now they will be compelled to do so! One giant leap forward! #subpeanas

$GTII Today was a very good day in court. @GTIIReceiver has been granted authorisation to investigate Alpine and the short selling of the stock. The DTCC wasn’t cooperating but now they will be compelled to do so! One giant leap forward! #subpeanas

🚨Breaking news: 🦋 @Nasdaq just LOST its Motion to Quash. Read that again s l o w l y . . . The Bankruptcy Court in Nevada has now ordered Nasdaq to produce extensive $MMAT/TRCH trading data under Rule 2004, including RASH and CORE data, order attributes, cancellations, replaces, executions, and related transaction records covering nearly FOUR YEARS. The Court was NOT persuaded by the ‘undue burden’ argument, noting that producing ~15GB of spreadsheet data is not exactly impossible for… Nasdaq. (One $10 usb stick) Even more important, the Court explicitly recognized the Trustee’s AUTHORITY to investigate whether wrongdoing occurred on behalf of the estate, including potential claims tied to stock trading activity. Translation: This investigation is very much ALIVE. For months, some people mocked and undermined the Trustee’s efforts, claimed discovery would never happen, and acted like every subpoena didn’t get served initially and that it would be crushed before daylight. Instead, the wall keeps cracking. FINRA discovery. Now Nasdaq discovery. And the Court explicitly referenced separate pending motions involving Citadel, Virtu, and Anson. Interesting times ahead. Turns out Rule 2004 is not just a decorative suggestion. To the Trustee and legal teams, incredible respect. It takes courage to walk into rooms filled with institutions that have virtually unlimited resources and say: ‘Produce the data’ And to the echo chambers already warming up their spin machines tonight… You may want to read the actual order first. 🤝 Blessings to all.