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I’m thinkin he’s best friends with Jordan Belford.
$MULN Michery pulled a Kamala Harris that was funny.
Sadly bagholders keep on funding his new private jet collection.
The SEC really only cares that the company is making the required disclosures to the market. In the depths of the filings all of the risk factors are disclosed. Dilution, need for financing, penny stock risk etc etc. nobody really seems to care or doesn’t take the time to do any serious research. Everything that has happened has been actually disclosed as a distinct possibility.
So unless there is some actual criminal activity (which is a very high bar to prove) nothing will happen to Michery.
When this fails, and it will he will simply slink away to his next endeavor.
The only thing that is disappointing is NASDAQ’s apparent reticence to deal with the reverse splits…although I will hold off complete judgement until the hearing. There is no reason under their own rules that Muln should stay listed.
We will see.
That aborted interview is very funny indeed.
I suppose he'd just pack his bags and head off to some island paradise.
He will never do a single day in jail, especially when the regulators and SEC have authorized every move he's made this far
The SEC is the regulator, and it hasn't been involved in any of the reverse splits. Any blame to be cast here falls on the Nasdaq. Which is an SRO regulated by the SEC. But so far, the SEC hasn't had a word to say about all the junk companies listed on the the CM.
However, Nasdaq can delist MULN if it wants. We'll see what happens, and what effect that would have on Michery.
Not to worry, some chartists will show up soon enough to pump the "oversold" condition of the stock.
You can only sell your soul so many times before there are no longer buyers.
TTTIIIMMMBBBEEERRR
RS #10 by December
Just put in my buy order at 20 cents for 60 days. Hopefully will fill in two weeks or less.
I'm guessing the video update did not go as DM's plan... then again, he did get the needed attention to dump more shares.
Have you been sending updates to Guinness?
Got to be a record soon.
This might be the absolute worst stock and company on any market in any country anywhere in the history of the world.
.....and now the 4's and then the 3's and then the 2's and then .....ZERO!!
YOU WERE ALL WARNED - MANY TIMES!!
"EV Manufacturer?" Mullen does NOT manufacture any EVs. Its business model is what's known as a Captive Imports arrangement. How can it become great when absolutely NO ONE is buying what its selling. How much confidence should anyone put in this new UAE venture they advertised? Track record says NONE.
"EV Manufacturer?" Mullen does NOT manufacture any EVs. Its business model is what's known as a Captive Imports arrangement. How can it become great when absolutely NO ONE is buying what its selling. How much confidence should anyone put in this new UAE venture they advertised? Track record says NONE.
So when he looks into a camera, I see guilty. MULN may become a great EV manufacturer, but DM will be long gone. Then I’ll buy.
Hahaha...They can do all the videos they want. It truly boils down to the numbers and the numbers, to me, are actually lower than anything they may want to project. Looking at their latest reports, their Revenues are so low and their Payouts are so high, they may never reach a profitable year for quite some time. That's just my opinion.
Nice 8k out about the video conference.
Got a nice distorted picture of DM that doesn't make him look like a lump of clay
More bag holders will be added when this goes to $1.00 or less, IMO...LOL High inventories and less sales will definitely hinder profits. Just look at the losses in the last 2-3 qtrs if not more.
I know this gem is old, but I hope David’s video to shareholders today went better than this interview. Still one of the funniest interviews I’ve ever seen 😂 $MULN pic.twitter.com/84rbmH0TbB
— R.I.C.Ocelot (@defaultusert) September 24, 2024
Most likely and unfortunately...there is no way they are not aware IMO.
The only due diligence people need to do here is look up the fact that this stock does a reverse split every few months if not sooner religiously. Total garbage.
muln trust with people are near zero be very caution about any videos or pr this company put out and do your dd for most of these pr are not true . this company use there pr network to dilute shares which we believe the sec should conduct a investigation .
$MULN Bagholder Machine warming up!
Never get that 5 mins of my life back! DM should be living under bridge collecting a tax from those that wish to pass!
#MULN $MULN
— Scam_Likely (@mrgirldad77) September 24, 2024
The only thing this update is good for is court documentation. pic.twitter.com/LtIcc7bYTg
TTTIIIMMMBBBEEERRR ⚠️
PUT DAVID MICHERY IN PRISON NOW SEC 🔊
He will never do a single day in jail, especially when the regulators and SEC have authorized every move he's made this far
CEO will be in jail one day
In the immortal words of Groucho Marx: "Lying has become one of the biggest inductries in America." DM sure wasn't taking a nap that day in his Economics 101 class.
Has Nasdaq ever forced a company off become of the too many RS limit? A company that didn’t just allow itself to be pulled off but do try to stay?
Not as far as I know. DRYS did its eight reverse splits in one year before the "new" rule existed. It was certainly one of the most egregious serial splitters ever; maybe it prompted the rule.
But as you say, they didn't really make any serious provision for enforcement. But let's see what they do with MULN.
I suspect he is a narcissist and thinks he can talk his way out of it like any conman.
I still LMAO when he feigned audio difficulties during the Charles Payne TV interview when he went right at him.
These guys fold when they are called on their BS.
I would love to do an interview with him…😂
Not sure he would like it….
Truely odd because in the past he would usually just have someone type up some nonsense and drop it in an 8K, then piss off back into the shadows. What's so different this time?
I wonder how much “shorty” and “manipulation” bullshit he is going to spew?
I expect he won’t say a word about the dilution.
That is the only thing that has affected this stock…whatever the company “performance” is.
All very good recommendations. What I still don’t see is a suggested prohibition on Nasdaq simply not processing reverse splits even beyond 1:250 within 2 years.
Then there is no way to RS back into compliance.
Has Nasdaq ever forced a company off become of the too many RS limit? A company that didn’t just allow itself to be pulled off but do try to stay? I have seen many acquiesce but none that ever got pulled.
But then I have not done a lot of research until now.
Right now it appears companies can RS to there heart’s content as long as it is not within a compliance period.
If I was a penny stock I would simply RS when I got to $2 realizing the announcement itself would probably cut down the stock price further….but as long as I got it done with 10 days left in the 30 trading day window…don’t see evidence they would reject it.
Mullen Automotive CEO to Update Shareholders in Upcoming Video
September 23 2024 - 11:00AM
via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces a forthcoming video update for shareholders, provided by Mullen CEO and chairman, David Michery. The Company is planning to release the video update on Tuesday, Sept. 24, 2024, at 9 a.m. Eastern and will be available on MullenUSA.com.
In the upcoming video, Michery will provide insights into key achievements by Mullen and Bollinger Motors, and recent progress made on expanding domestic and international sales and distribution channels. The video will be available for viewing on Mullen’s website and social media channels on Tuesday, Sept. 24, 2024.
“I look forward to providing our shareholders an update on our current Company efforts through Sept. 20, 2024. Thank you everyone for the continued support,” said Michery.
I agree. And I agree with the measures proposed by Virtu in its petition to the SEC:
https://www.sec.gov/files/rules/petitions/2024/petn4-830.pdf
It all depends on whether Nasdaq is serious or just lets the CM become a penny stock cesspool. Ironically, the OTC has better enforced standards at the moment.
I see a rock and a hard place in MULN's future...
“Of course, if it loses its exchange listing, it may have more trouble getting financing...“
This is the whole game, the whole ball of wax. Even his pretend automotive manufacturing business needs about $16 million a month to keep pretending. They have some significant facility assets and labor needs just to keep the charade going. He is still relying on channel stuffing to find homes for the vehicles they produce but don’t seem to be able to sell.
If they go to the OTC he will have to declare bankruptcy.
That is probably the only stick he has to keep existing shareholders from getting in his way.
NASDAQ’s processing of reverse splits and its enforcement of the minimum bid price rule.
Are they even connected?
It would seem not.
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Moderators Wayne R m$teamworkotc Huggy Bear Dragon Lady SmellMyFinger |
I.P.O.'D @ $13/ BIG TIME STORY/ #muln #stock #mullen $MULN NEW TRADING/MULN Stock:
The Biggest Short Squeeze in HISTORY or SELL it ALL? ??
1,111 viewsFeb 28, 2022
https://www.youtube.com/watch?v=73n0UiGxvDE&ab_channel=MoonMarket
E.V. PLATFORM;
MULN [NASD] |
Mullen Automotive, Inc. |
Consumer Cyclical | Auto Manufacturers | USA |
https://www.mullenusa.com/
Index | - | P/E | - | EPS (ttm) | -10.64 | Insider Own | 28.60% | Shs Outstand | 17.47M | Perf Week | -11.55% |
Market Cap | 21.60M | Forward P/E | 0.92 | EPS next Y | 0.75 | Insider Trans | -0.33% | Shs Float | - | Perf Month | -78.36% |
Income | -80.70M | PEG | - | EPS next Q | 0.16 | Inst Own | 3.30% | Short Float | - | Perf Quarter | -92.19% |
Sales | - | P/S | - | EPS this Y | -536.60% | Inst Trans | 46.73% | Short Ratio | 0.16 | Perf Half Y | -93.52% |
Book/sh | -0.60 | P/B | - | EPS next Y | 294.70% | ROA | -265.40% | Target Price | 23.00 | Perf Year | -93.31% |
Cash/sh | 0.00 | P/C | - | EPS next 5Y | - | ROE | 532.00% | 52W Range | 0.52 - 15.90 | Perf YTD | -86.85% |
Dividend | - | P/FCF | - | EPS past 5Y | 3.70% | ROI | - | 52W High | -88.42% | Beta | 2.55 |
Dividend % | - | Quick Ratio | 0.50 | Sales past 5Y | - | Gross Margin | - | 52W Low | 253.96% | ATR | 0.28 |
Employees | 44 | Current Ratio | 0.50 | Sales Q/Q | - | Oper. Margin | - | RSI (14) | 46.64 | Volatility | 27.83% 20.24% |
Optionable | Yes | Debt/Eq | - | EPS Q/Q | -431.40% | Profit Margin | - | Rel Volume | 88.85 | Prev Close | 0.69 |
Shortable | Yes | LT Debt/Eq | - | Earnings | - | Payout | - | Avg Volume | 6.99M | Price | 1.84 |
Recom | - | SMA20 | 7.64% | SMA50 | -47.36% | SMA200 | -78.15% | Volume | 492,790,936 | Change | 167.53% |
02-07-2021
PER IHUB MGMT
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