MMTLP to Nextbridge - what’s gonna happen?

Good summary and would be great if Trading212 actually did the right thing for us shareholders for once.

Be interested to see what updates we get and something needs to be done asap

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So IBKR have told holders ( apparently still seems some confusion still plus getting this second hand) if they dont close today they will have to hold into NB. then when NB is sold off you will get the cash from it.

So from history I would conclude 212 will auto sell you today. As anything to complicated it is easier if they sell you out. which is mad as you can sell before the close of bell on the 12th. only shares after bell on 12th will go into NB or sales between 12th -14th sellers have to get shares to the buyers in-between these dates .

looks like shorts won again again… FML

@Bogi.H @Michael.M

We created a Help Centre article where all the available information is laid out. Please take a look.

Why are we being forced to sell today, why can we not trade tomorrow?

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you can sell MMTLP on trading 212 tomorrow and 12th ? YES /NO

Answer is YES

Please can we have clear information. Can we sell 9th and 12th? or does it have to be sold Today if we dont want NB?

stop spreading lies. no Auto sell will happen. Where did you pull that from ?
Cant you read ?

after spin out, it will be non-tradeable which means if you do not sell this week will simply get zero money, is it correct?

nope, you will get Private share of private company which is expect to be between 30-80

you should be able to trade tomorrow…

Not according to their update

Lack of knowledge there, if this is not tradeable, how can we really get the expected money in our account?

https://helpcentre.trading212.com/hc/en-us/articles/8146238589213

sell only if you don’t want NB share, otherwise you can sell it at anytime you want

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@Bogi.H @Michael.M is this live chat post above right or wrong as it contradicts your article post above? You cant be giving out 2 different opinions in a financial choice like this one. can you clear this up asap please,

They have updated the article,

It takes 2 business days for your shares to settle, so any shares sold on the 9th or 12th of December will not qualify for the distribution of Next Bridge.

You can still sell it after today!

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If we get Nextbridge , how will we be able to sell this???

If we go to Next Bridge and they then get bought out where will our shares go? I.E. next bridge is bought out by Shell and we get allocated Shell shares and dividends would this show up on T212?

The first headache they’ve got is that if you held your original MMAT shares in your ISA they have to find somewhere to put your Next Bridge shares as they can’t be held in your ISA.
And of course, they’ve already told us you can’t switch shares between accounts, they have to be sold and rebought.