Template to send NBH: 🧵

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Date]

Greg McCabe, Chairman
Next Bridge Hydrocarbons, Inc.
[Company Address]
[City, State, ZIP Code]

Subject: Formal Demand for Transparency, Action, and Shareholder List Under Nevada Law

Dear Mr. McCabe and Next Bridge Hydrocarbons, Inc.:

As a shareholder of Next Bridge Hydrocarbons, Inc. (NBH), I am writing to formally demand that the company and its leadership fulfill their fiduciary duties to shareholders by addressing unresolved issues surrounding the company’s share structure, allegations of market manipulation, and failure to act on critical matters impacting shareholder rights and value. Additionally, I am requesting access to the current shareholder list as permitted under Nevada law.
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1. Demand for Transparency and Action

Over the past two years, NBH and its leadership have failed to provide clarity or take meaningful action on several critical issues, including:

1. Allegations of Market Manipulation:

Mr. McCabe publicly alleged that a broker-dealer, potentially foreign, contacted him to purchase shares at multiples above the 2.6 million share short position operationally adjusted into NBH shares by FINRA.

Despite FINRA providing the necessary information to arrange a meeting regarding this allegation, NBH leadership has failed to act, investigate, or disclose any follow-up to shareholders.

2. Discrepancies in Share Allocation:

Shareholders, including clients of TradeStation Securities, have reported significant discrepancies in the allocation of NBH shares following the spin-off.

NBH has neither addressed these discrepancies nor provided a transparent explanation in any filings, such as 10-Qs or 8-Ks, or through direct communication with shareholders.

3. Failure to Disclose Material Risks:

NBH leadership has not disclosed any steps taken to protect shareholders from the potential harm caused by synthetic shares, naked shorting, or unresolved settlement issues.

As shareholders, we deserve updates on these matters, as they materially impact the value and integrity of our investments.

I demand that NBH and its leadership immediately disclose:

Any investigations or actions taken in response to the broker-dealer allegations.

The company's efforts (if any) to address discrepancies in share allocation and protect shareholder interests.

A timeline for resolving these critical issues.
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2. Formal Demand for Shareholder List

Pursuant to Nevada Revised Statutes (NRS) 78.105 and NRS 78.257, shareholders are entitled to access the company’s shareholder list for valid purposes, including:

Verifying the accuracy of share allocations.

Communicating with other shareholders regarding unresolved company issues.

Investigating potential breaches of fiduciary duties by corporate leadership.

Request Details:

I formally request the full shareholder list, including:

1. Names and addresses of all registered shareholders.

2. Aggregated totals of shares held in "street name" by each broker or nominee.

3. The total outstanding share count as maintained by the company’s transfer agent.

Proper Purpose:
This request is made to ensure transparency, verify the accuracy of share allocations, and investigate whether the company has adequately protected shareholder rights.

Delivery Timeline:
Under NRS 78.257, the company is required to provide the shareholder list within 5 business days of this request. Please deliver the requested information to the address listed above or provide electronic access via a secure method.
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3. Consequences of Non-Compliance

If the company fails to provide the requested shareholder list or address the critical issues raised in this letter, I reserve the right to:

Pursue legal action under NRS 78.257(3) to compel access to the shareholder list and recover reasonable attorney’s fees and costs.

File a derivative lawsuit on behalf of all shareholders for potential breaches of fiduciary duties under NRS 78.138