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How exactly does $1,600 in short interest lead to a “short squeeze”?
Asking for a friend…
lol.
The wacko is strong here….
If they have been washed, which most store bought eggs are, they should be since the coating that protects the egg has been washed off and they can get infected with various bacteria.
For fresh eggs that have not been washed in any way they don’t require refrigeration….although the FDA still recommends it.
He screwed up the share accounting. LOL. He is going to have to file an amendment.
It amuses me that people still think there is an actually company at play.
I’m sorry…you make no sense.
WTF does any of that (whatever it is) have to do with MULN????
He signed the 10q uploaded today. He was is anything but “gone”.
Mark is hopeless.
There’s a few cards missing from that deck.
Michery has some choice targets.
You’re weird…
Ummmm…OK…
I think…
WTF are you talking about? lol.
I don’t gamble my money on stupid bets.
I invested wisely and am now comfortable for life so I can indulge my IHub addiction along with racing Porsches, car collection and rare Scotches.
Do whatever your heart desires.
And don’t worry about me. My retirement is quite comfortable.
Well the multiverse theory suggests that in some other Universe Mullen is completing a vehicle every two minutes.
Just not in this one.
I am not betting anything other than the stock will continue its downward trajectory.
But hey…what do I know…
…other than being 💯 % right so far.
LOL…I am not worried about anything. I don’t own this POS stock.
Funny stuff.
If they want mass produce the Mullen 5 or 5 RS, they will need at least $1 Billion.
Which they will never get unless Michery wants to add another 5 “nines” to the 99.99% loss so far.
Ergo, there will never be a Mullen 5.
It was simply a prototype they paid $2 million to build so he could pump the stock.
Actually we are talking about cashflow positive…as my original post stated.
“At the volume required to make money”.
Until they are cashflow positive Michery will need to continue to dilute.
And to raise the $1 Billion to get there would make the 99.99% share price drop so far look like a warm-up act.
The Mishawaka plant can’t produce the FIVE or FIVE RS….
What are you taking about?
They would need $1 Billion to get to the point they are cashflow positive on those vehicles.
https://www.autoblog.com/amp/2010/07/27/why-does-it-cost-so-much-for-automakers-to-develop-new-models/
They are never going to happen.
And yeah…I “don’t get it”…. LMAO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169132836
“"at the volume required to make money.". They won't start at that level.“
You’re kinda making my point for me….Lol.
“You are a smart guy.”
I get that a lot.
“Think this through.”
Of the two of us, I appear to be the only one doing that….
…there ya go….
Thanks, but it is not a “way of thinking”. It is simply understanding how stuff works and being able to take a common sense approach to the reality of the situation.
Yeah that is what happens with a one man show…lol.
I wonder what the excuse will be the next time it happens…?
There is a whole conspiracy theory element to naked shorting.
Many CEO’s mostly OTC types lean into it blame their falling stock price even though it is entirely explainable by dilution alone.
That is the case for Mullen as the stock price drop aligns mathematically with the amount of dilution.
There isn’t really any basis for the lawsuit, he just needs his believers to be distracted by it as he heavily dilutes.
He was doing EXACTLY the same thing with the buyback. It was a distraction. He made a big deal out of buying back 6-8 million shares…and it was posted about endlessly here…
…and then he turns around and dilutes another 100 MILLION shares!!!
On what planet does that make sense?
As long as people are willing to buy the stock he will just keep doing it.
And do I have to remind people that Michery cashed in close to $10 MILLION in stock BEFORE the dilution started and the stock dropped over 99.9%!!!
It’s a damn cult with this guy.
Some people have lost pretty much their entire investment and still believe he is going to be their savior!
smh
Baseless lawsuits are filed all the time in the US.
Until defendants are forced to pay defense costs as routine instead of rare exceptions in limited jurisdictions…that will continue.
Settlements for cost of defense is also very common despite the fact the claim is weak…so they mean nothing.
And I have seen the supposed “evidence” in the claim. It is a lot of made up crap that is meant to sound ominous but it is nonsense.
Worth the read:
https://www.forbes.com/sites/brandonkochkodin/2023/06/22/the-loony-conspiracy-theory-threatening-wall-street/?sh=b6fd5024ba1c
Besides, the irony in all this is that the naked shorting that was done …was by the financiers themselves which they were EXPLICITLY allowed to do and the share purchase agreement disclosure SPECIFICALLY warned of it.
People keep falling for Michery’s nonsense.
Those of us who actually understand how this works called this along time ago BEFORE the stock dropped more than 99.9%.
They will need that much at minimum to bring a brand new vehicle to market at the volume required to make money.
Rivian had $11 Billion in the bank at the end of last quarter.
Anyone who thinks Mullen could do it for less than $1 billion is kidding themselves.
Michery will never be able to bring them to market.
They just help the “story” as he dilutes relentlessly.
It’s the same ol’ same ol’ with Newbauer. Excuses, blaming others, “illness”, etc etc.
If he can’t get the simplest of unaudited financials posted on time….
How can anyone expect him to actually manage a real business assuming there ever is one.
smh.
Assuming the reincarnated version of the bankrupt version can stay afloat.
LOL.
And it seems there are dueling websites. The old one is still active and the top of the search results and the new one “powered by Humbl” doesn’t show up in the first 50 results I can see for “arena football league” on Google.
Other arena leagues do.
So far Humbl hasn’t provided much “power”.
I never said this wasn’t a flip or trade….although the constant dilution gets in the way of even that.
But anyone holding long term will lose. They will continue to need money at the burn rate they are going at…which means the dilution will have to continue for the next 1-2 years at least.
“because they say they have the goods on Naked Shorts“
Have you considered they have made the issue up?
Because they have…for many reasons I have discussed before.
Well of course…!
Well…it took over 99.99% of dilution driven stock price decline to get the first $250 million. LMAO.
And once they get kicked to the OTC, which will inevitably happen at some point, I don’t know of a single OTC stock that has ever raised 9 figures by equity sales….let alone 10.
Mullen will never actually be able to produce the Mullen 5 or the 5RS.
They were prototypes he had built (for $2 million) to pump the stock. They would need over $1 Billion to actually get them into production.
https://www.ft.com/content/1dd9b025-9007-401e-9010-ebc083e67a38
I guess South Korea really doesn’t want “developed market” status.
lol.
Never heard of a single one of them.
I just smh when I see this nonsense.
Naked short selling itself is not illegal.
Abusive naked short selling is.
But then most penny “investors” have no clue as to the difference.
If “short selling” was banned, even temporarily then liquidity in the market would dry up instantly.
Most don’t seem to have a clue as to how any of this actually works.
“Pre-sold to Duke Energy, a Fortune 500 Company.”
It doesn’t actually say that.
Besides, if that was actually the case why didn’t he include Duke Energy along side the three that are taking deliveries after Nov 20?
How long have you been falling for Michery’s BS?
It does not appear Duke Energy has actually bought anything.
The only actual costumer deliveries that are going to happen starting Nov 20 are:
Adventure Coast Rentals – Nashville, TN, and Atlanta, GA
Godotek – Sterling Heights, MI
NRTC Automation Group – Birmingham, AL
Seems like Michery was only inferring that Duke would get vehicles.
But that is how he works…and people clearly fall for it.
I remember when folks were excited to “get in” when it dropped below $1 pre-split ($225 post split basis). It has gone down 99.9% Since then.
I have been saying for over a year and a half that the dilution was going to kill the stock…
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169132836
And looky what has happened…
The dilution is going to continue for at least the next two years at a minimum as they are nowhere near cashflow positive and won’t get there anytime soon.
The coming 3rd RS will simply be another milestone on this stock’s relentless trajectory down.
But hey…what do I know. lol.
That’s been the story for awhile.
When it dropped the first 90%…those that got in then have lost 99.9%.
Those that got in after it dropped 99%…have since lost 99%.
Then of course those that got in after its 99.9% drop have lost over 90% since.
It is no different now….
Good luck!
Hope does forever spring eternal here as the stock has lost 99.99% of its value…LMAO.
LOL…they weren’t block selling today. I guess they wanted to take a breather.
It will be back next week, you can count on it.