Net Element, Inc. (NETE)

[makinezmoney]

$NETE: This is now $MULN........... Cmon OVER !!!!!!






GO $MULN

[TrackDude]

fly baby, fly!

[hub2011]

It’s the conversion that is frustrating. It’s not published. But if you dig through the s-4, seems favorable as muln holders may end up 1:4-1:8. I asked Oleg on Instagram and he responded it’ll be 1:1 for Nete holders. My thinking was so sell nete before Thursday close, then pick up muln after it trades a bit. There should be EV money flowing it. However, without knowing how my shares will be treated, it’s frustrating. The whole closing has been.

[TrackDude]

Will probably sell some and hold the rest to see what happens

[hub2011]

You thinking to hold through the 5th, or sell into it? I’m ticked off the ratio hasn’t been announced. Assume it’s 15%

[TrackDude]

Threw some more into this earlier this week. Hope this climbs up through close next week

[DownInTheDM]

Merger coming in hot

[Bearslayer]

8k out on Nasdaq revenue proforma request on balance sheet unaudited.

[TrackDude]

Looks like it.

[hub2011]

Seriously, we might hit 2 months before we see it happen.

[TrackDude]

This merger close has felt like an eternity.

[colorfullife88200]

Yeah right, today confirm that the S-4 APPROVED , so we can expect NASDAQ soon. The PPS wasnt up significantly may be people still worry about how many shares after the marry they get , and how much per share when begin listing on NAS.

[Jagman5]

From what I read online the NASDAQ review typically takes two weeks. Don't know when they submitted for review.

$NETE

[Bearslayer]

They received sec s4 approval. Now waiting on nasdaq. Could be any day now.

[colorfullife88200]

Well, mid month already passed, still no action. Are we have to wait for final approved from the SEC ?

[TrackDude]

It’s midmonth now, when is closing expected?

[hub2011]

It will start kicking when it changes ticker to $MULN mid month. Some people are concerned about the new shares in the proxy, but they are not considering the value of Mullen. So it’s a wash. This will move when people see it as the new EV play, not a $nete trade.

[crudeoil24]

LMAO!

[makinezmoney]

$NETE: Lemme call the CEO….

and find out for you.


GO $NETE

[colorfullife88200]

but it didnt hold , whats wrong ?

[makinezmoney]

$NETE: WOW nice pop to $13 there




Whatttttttttts uppppppppppppppppppp.... straight off a halt too.



GO $NETE

[stockforce]

Argus is a joke entity. No way they could swallow NETE as a whole and take on all their hundreds of millions of liabilities. They need the market to absorb this debt. Where’s the market? Who can they go with to get listed in the market?

[stockforce]

Oleg was Argus’s chairman’s boss at Acies for 4 years between 2004 and 2008 when they were both at Acies, the company that Oleg started. Argus’s two managing partners are Armen’s acquaintances.

[TrackDude]

On pace for about $115 million in Revenues this year. Plus finally showing some profits as well

[Truth022809]

Upset about the merger? If it ever actually takes place the net element shareholders will be far better off. In the world of payment businesses, net element was only a matter of time away from
Bankruptcy. Growth was dismal and no profits to speak of

[stockforce]

Dan Martinez, the company’s Investors Relationship manager and one of the founders of Star Capital (Oleg’s financial company providing the funds for Net Element) was so upset possibly by the restructuring that the company is going through right now. He just recently deleted all his old connections at NETE on LinkedIn, as well as all his past experiences and all his comments, likes and activities etc. that he had posted on LinkedIn in the past 5 years. He also deleted his own profile picture.

[colorfullife88200]

Getting close the deal, Nete up , up away!

[Truth022809]

Oleg just got himself another $1million huh?

[colorfullife88200]

Whats up today ?

[Bearslayer]

A little movement here.

[Truth022809]

They are but we have to be realistic about it. There are only so many cars that can get sold. Some of these EV companies have valuations almost as big as massive car makers, and they sell nothing. The EV market will never live up to the massive market caps that the investment company has built up for it. A few of them will make it big and the others will be small time players that turn a little profit...but they def won’t all be 10-100 billion companies

[TrackDude]

EV market is just in a cooling period. I’ve been buying up a bunch of EV stocks in the mean time. Electric cars are the future, and I anticipate things will pick up again when the time is right.

[Bearslayer]

They need a visible spokesperson. Then we can ride the pump train to green. Still hoping for the best here.

[Truth022809]

It looks like it is, but I have Lost any faith that it will ever get done... electric car companies have also been tanking for months. They missed the boat on their potential run. I’m sure it will run if it ever goes through, but nothing like it would have, had they gotten it done end of last year or even begin of 2021

[colorfullife88200]

But the deal still intact , it is only need to wait little longer and should get it done by 8/31/2021.

[Truth022809]

Because they have been delaying this thing for over a year now. Think everyone has lost interest....

[colorfullife88200]

Vote yes is a sure thing, how come still down ?

[Jagman5]

He also doesn't have a clue what is going to happen with $NETE shares.

[Truth022809]

No wondering for me. I know Why he is here. Needs to make himself believe he is smart..

[Bearslayer]

Since he’s not a holder here it makes you wonder why.

[Truth022809]

Oh goodie. The clown has entered this room
As well

[DCorleone]

Common stockholders of the combined company may experience substantial dilution in the value of their investment or their ownership interest as a result of the proposed $30 million line of credit to be in place at the Effective Time or if the combined company issues additional shares of its capital stock in the future.

[Jagman5]

I just finished reading your comments over there. Very insightful, thanks.

$NETE

[Bearslayer]

Yeah we started talking about it last night on the rx board.

[Jagman5]

While you are correct about the defa 14a filed 5/14/21, there were also two other documents filed that same day. The 8k says, in essence, the same as the defa 14a. They also filed the S-4 registration statement with attached prospectus.

In the S-4 it states that Net Element's existing business will be sold to RBL Capital LLC.

$NETE

[Bearslayer]

Filing out

Additional Proxy Soliciting Materials (definitive) (defa14a)


Extension til 8/31. Mullen audit is the holdup. 1.5 million in accrued unpaid fines due to Nete and a new clause on termination by either party and 750k penalty due the other party.

[Jagman5]

You guys WERE right, Mullen must have had serious accounting issues. But their audited fins were completed about the end of March. They said they were working on completing the S-4 (NOT S-1) and prospectus per the 8k.

$NETE

[garrox]

IMO, Mullens financials have not been finalized for their S-1 listing. This is why the are being penalized by NETE every day. So, you are probably right, the accountants are holding up the process.

[Truth022809]

I agree, just ridiculous at this point. I think Mullen accounting must have had major issues to fix

[TrackDude]

I don’t get the hold up at all. Is this merger more complex than I realize? Nete divests the payment process business, Mullen takes the shell and gets itself on the big board. Nete should have its divesting plan all lined up by now. I mean this has been ongoing for nearly a year now. Are the Mullen accountants just taking their time? I have to believe the delay is on them at this point.