A little weekend exercise: Below is the published Failures-to-Deliver (FTD) data for
$MMAT over a randomly selected two-week period (September 1 to September 14, 2021) reveals a striking comparison.
The chart below highlights
$MMAT's FTDs by volume (blue bar, 6.8 million FTDs) against the industry average (green bar, 124.6k FTDs),
$TSLA (red bar, 1.28 million FTDs),
$GME (orange bar, 190k FTDs), and
$MMM (so small it's barely visibleβ10k FTDs) for the period.
Some interesting findings:
1.
$MMAT's FTDs were 54.7x higher than the industry average.
2.
$MMAT exceeded Tesla's FTDs by 5.3x, a significant margin.
3.
$MMAT was 35.8x higher than Gamestop's FTDs.
4.
$MMAT's FTDs outpaced 3M's by an astronomical 680x.
The analysis will soon expand to include other associated CUSIPs ($TRCH,
$MMTLP, and
$MMATF) over a longer timeframe, covering 101 consecutive two-week periods to provide a comprehensive picture.
The Y-axis in the chart represents a scale of 0 to 7 million FTDs, showcasing the dramatic disparity. Further analysis may reveal patterns or systemic trends contributing to these significant failures to locate and to close-out...discrepanciesβοΈ
Bonus: who can find a stock (for the same period) that had more FTDs by volume and/or $$ value in the small-cap categoryβοΈ
PS: So far this data makes Tesla's Broker-Dealers look like... 'part-time offenders'π€£
@DOGE
Stay tuned for extended data insights...