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It costs Mark basically nothing to upload an 8K about the departure of DiPrima or an NT-10Q for the late filing.
He has done neither.
Looks like MIKP is going dark yet again.
That’s funny.
Mark is a moron.
He couldn’t even be bothered to file an NT-10Q.
So he is now missing THREE required SEC filings.
Mullen is going to have to dilute the stock to the tune of at least $12.5 million a month over the next year…and as the price drops the number of shares needed to meet that $12.5 million is going to go up…it’s a vicious circle.
They don’t call it toxic death spiral financing for nothing.
He really screwed you over.
Can’t say you weren’t warned…over and over and over.
They have only sold ONE (1) Class 1 vehicle in the last six months.
There is no way their model works.
This is simply Round 2 of the Esousa Holding toxic financings.
Round 1 led to a >99.99% drop in the stock.
Round 2 will lead to a 99.9% drop at least. It will take about 12-18 months.
Holders through Round 1 have nothing left.
Those holding in Round 2 have obviously learned nothing.
As they say…”Fool me once, shame on you, fool me twice shame on me”.
Those people deserve what is coming…
They basically wrote off almost all of their Bollinger investment.
Did you see the first quarter revenue????
LMFAO….
They basically sold ONE (1) Class 1 vehicle in the first quarter.
Yes …O.N.E.
What a farce.
The 10Q is another unmitigated disaster.
The coming dilution is going to tank the stock.
They sold Jack shit in the first quarter….LMAO
Then Mark missed yet another REQUIRED filing. He needed to file an 8K within 4 days of DiPrimas departure.
He can’t get out of his own way can he. smh.
The first $250 million tanked the stock price 99.99%. The next $150 million should be at least 99.9%.
At some point he will have to disclose the conversion terms.
You apparently don’t know when you are being played.
But when the Q1 financials come out in a couple of weeks you will see that they didn’t book $33 million in revenue in the quarter let alone January. I would be surprised if it was over $750K…and not surprised if it was less than $500K.
What “sales”? LMAO.
They can make ‘em…they just can’t sell ‘em.
They didn’t have $33.5 million in sales in January. I think the poster is referring to the “invoiced” or production quality.
The problem is they aren’t selling…there is no sales. They are sitting on RM storage lots.
$33.5 million? Huh? Where on earth are you getting that number?
They haven’t announced any sales. Only channel stuffing activity.
Based on what? Wishful thinking?
It’s a gimmick to pump the stock and keep Michery in his job…lol.
When the letters are uploaded they aren’t shown by the upload date but rather the date of the letter or close to it. I don’t know if they are actually uploaded then and hidden until the S-1 goes effective…or whether they are uploaded retroactive to an earlier date.
Either way they show up chronologically to the rest of the filings after the fact.
The reason they don’t show up before the S-1 goes effective is the comments and back and forth can be detrimental to the company. The only thing people see during the comment process is S-1/Amendments which are usually based on the comments already received but not yet available on Edgar. And if the S-1 is withdrawn they may not show up at all.
Mark is lying to you yet again. It has zero to do with the share structure. There are bigger issues they have and he is not telling you what it is.
Actually I get your point
Borgers has always been known as a shady mostly penny stock “auditor”.
This has been discussed before.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174242241
It’s surprising they picked them in the first place.
Uploads are shown retro to when the comment letter was sent so you can see the progression. However I have never seen the actual upload of any comment letter prior to effectiveness.
Brian is going to need to find a new audit firm.
https://www.sec.gov/news/press-release/2024-51
“Finra and documentation take time and money. “
LOL.
a) Mark has no money
b) FINRA normally processes corporate actions inside of 20 days.
You hooked yourself to the wrong scam ticker.
Why is this one any different than the myriad of other “announcements” that went nowhere fast?
Delpack, UNC, Watergen, Loop global, MGT lease…to name a few.
I have never heard of PritchardX.
Anything for a pump I guess.
The problem that Mullen will have is they don’t have enough cash or reasonable access to cash to “ramp up”. He will have to kill the stock price another 99.9% to get enough money to “ramp up”.
This is doomed no matter what. Some just seem to ignore that reality.
They need to sell over 1000 vehicles a month to come close to positive operational cashflow.
never going to happen.
There are 25 vehicles by 11 different companies in that class that have the incentive. Why would someone buy Mullen?
Not as long as they need to sell stock to fund their operations and overhead.
And there is no discernible path to ever being able to change that.
Which is why this is looked at as little more than an attempt to “play” automaker….until the day comes they can’t do that anymore.
Q1 financials are due in 3 weeks. I wonder if he will bother even filing an NT-10Q?
It always does. Obviously more dilution is on the way so they need to jack the price up.
Great for flippers.
Before it goes back down? LOL.
At some point people should realize how hopeless Newbauer is. You would think after a dozen plus years of screwing up it would be self evident…
…I guess not.
LOL! They are acting just like a stinkie pinkie with that nonsense…including the suggestion of a cert pull. Too funny!
The stock is now $0.0001 on a split adjusted basis.
Any response from Mark yet?
It should be a simple question to answer.
Because they really don’t give a shit…they bend over backwards to allow companies to stay listed…as long as they pay the fees.