HorustheBull🇨🇦

I wonder if the SEC knew before the halt? Gensler said no.

Sure … the problem they have now is the justification to release some things related to MMTLP and not other things. Judges don’t like inconsistency. Especially in light of the release of these emails and that the focus here is on the very “investigation” there were using to justify withholding information. Funny how the information here is centered on that … and yet they can’t release the Blue Sheets. Everyone should be sending FOIAs again. I have.

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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

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