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CHIF agrees to assume the estimated $40,000.00 of payables in NSAV and pay them off promptly. CHIF will have the right and authority to negotiate with each of these creditors.
My oh my how technical changes have been made almost like "overnight".
As of today, there are not sufficient votes to pass the Reverse Stock Split Proposal and therefore the Special Meeting was adjourned. During the period of adjournment, the Company and its proxy solicitor, Okapi Partners LLC, will continue to solicit votes from the Company's stockholders with respect to the Reverse Stock Split Proposal.
BREA, Calif., Dec. 15, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announced that its Special Meeting of Stockholders convened on December 15, 2023 was adjourned to December 18, 2023 at 9:30 a.m., Pacific Time.
The Company has determined to adjourn the Special Meeting in order to provide additional time to solicit proxies with respect to Proposal 1 presented to the stockholders for approval. Proposal 1 seeks stockholder approval to amend the Company's certificate of incorporation to effect a reverse stock split of the Company's outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Company's Board of Directors (the "Reverse Stock Split Proposal").
NEW ORLEANS--(BUSINESS WIRE)--December 15, 2023-- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Mullen Automotive, Inc. (NasdaqCM: MULN). In April 2022, market analyst Hindenburg Research reported a wide range of shocking allegations involving the Company overstating its business deals, production timeline, and battery technology, including that two electric cargo vans that it claimed it would be manufacturing were actually Chinese EVs rebranded with a Mullen logo, that it had misrepresented the test results of its solid-state battery, and that it misrepresented the nature of its business relationships with several companies, among other issues. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws. Recently, the court presiding over that case denied the Company's motion to dismiss in part, allowing the case to move forward. KSF's investigation is focusing on whether Mullen's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Mullen shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit us at https://www.ksfcounsel.com/cases/nasdaqcm-muln/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients -- including public institutional investors, hedge funds, money managers and retail investors -- in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit ksfcounsel.com.
Everyone thinks the latest price dip is the buy of the century, when all it means is you've become a bagholder. I thought $53 a couple weeks ago was such a steal. lol
Yes, confirmation Mullen has not produced any vehicles of their own. Thank you.
2:1 Saleem doesn't attend the meeting the NASD is calling for.
What did it take to bring Marianne on board? How can she POSSIBLY be overlooking the obvious fraud here?
Need I say "F 500 order" one more time?
Ouch, this share gonna leave a mark:
https://stocktwits.com/KendallP/message/547950603
TSLA 1.8M deliveries projected for this year
MULN 3
"Company has repurchased $5,610,600 in shares of its common stock, which includes an additional 2 million shares in new purchases since the Company’s original announcement on Aug. 17, 2023. Company continues to look for opportune moments to purchase additional shares."
Wonder how far down they are now, 10%? 15% maybe even 25% already?
Michery's compensation, while the ship is sinking.
Ouch!
https://stocktwits.com/KendallP/message/545788135
Part of an answer for you.
https://stocktwits.com/KendallP/message/545823944
Damning information. With thanks to kendallp:
https://stocktwits.com/KendallP/message/545854701
Plus, no one wants to finance a car now at 9%.
Where's the Michery PR????
I have to believe Saleem at some point today will be issuing some BS form of PR to try and stem the tide for another day.
Van purchases:
Is NY buying both of them? lol
Wonder what kind of BS nothing PR they will put out today?
Saleem has to manufacture a PR a day to continue to prop up his share price. How long can this continue??
Did you ever think of the casual relationship with Mullen as the modern day version of the Bayonne Bleeder?
Ali chewed up Chuck pretty good
Put the BLEED back in BLEEDING.
$3.5M? Really? That is it? Surely this presser today was a joke, right?
Twist, although you retain your sense of humor, your investment knowledge as it pertains to the tainted MULN is so very misplaced. The owner is a conman, when will you subscribe to the fraud list posted by the Dragon Lady which is quite factual? The future here is nowhere to be found other than in the dungeons of ventures started by the likes of the man boobs Saleem....
So you're more of a glamper now. Livin the life....
You referring to Burning Man?
Either way, I doubt the negative press will be received well by "investors". Their fate seemingly is sealed.
What will happen Tuesday. Dum de dum dum.
https://stocktwits.com/KendallP/message/543214247
What has Moadel been drinking?
https://investorplace.com/2023/08/get-ready-muln-stock-fans-mullen-automotive-is-about-to-zoom-past-1/
I'm sorry, folks, I'm still hung up on that F500 lie of a year and a half ago that swindled me into ponying up some long dollars here. The question is, how can he get away with telling so many bald faced lies? Has anyone ever been aware of a bigger swindler, with the exception of George Economou of TOP SHIPS fame.
So what you're saying is...."I still have a chance to make money going long here?" lol
They will get a notice on delisting. But they can challenge it so it may take a bit longer.
34M shares sold short, according to Michery.
In the same period as these short sales, $1.65B was diluted.
Which had the greater impact on the share price?
Saleem Michery is such a low life.
I'm still waiting for the F500 order.
No chance in court.
https://stocktwits.com/KendallP/message/542684015
Distraction from dilution.
https://stocktwits.com/KendallP/message/542715405
Drilling down. Wow.
https://stocktwits.com/KendallP/message/542359596