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That PR was 8 months ago…
How far has the share price fallen since then?
Here’s a hint….99.5%
LMAO.
Recycling old news now???
Michery will overcome the “no vote” contingent of his retail marks.
Here’s how…
They diluted the OS by 100 million at some point between the end of Sept and Nov 8.
I am willing to bet that it occurred just before Nov 6 the record date for voting. That would have been to Esousa and the other financiers (who want the RS). They would then be able to vote those shares even if they sold them on Nov 7.
There will be an RS.
They are STILL diluting. That 1.22 million VWAP trade hitting the tape right after close is a dead giveaway as block selling.
They have been happening for quite awhile now.
It’s on Edgar the last I checked. What shows up on OTCM is simply that filing to Edgar. Nothing is actually uploaded to OTCM by the company.
He’s getting his cash out while he can.
“I don't need your explanation“
The truth will set you free
I have explained to you umpteen times how this works and you seem incapable of grasping it. So let’s go once more shall we…
1) a defendant normally has 21 days to respond to a claim. In most cases an extension is asked for and granted. I said that was likely in this case given its length and the amount of bullshit in the claim.
What happened? The defendants asked for an extension and were granted one (until Nov 20 or so if I recall correctly.
2) I said a motion to dismiss would not come until a response is presented and is usually included at the end of the response filing with the Court.
3) the defendants have not yet filed their response and therefore the judge has nothing in front of him to rule on, therefore he hasn’t ruled on anything. There is nothing else to read into it.
“All I care is the lawsuit hsvrn been dismissed”
A motion to dismiss hasn’t even been filed yet. LOL.
But have no fear, a dismissal is pretty rare in a civil case of this nature, simply because the judge will probably be totally confused by the claim to just turn around and dismiss it out of hand.
But this will likely drag on for years if Michery doesn’t “settle” for some face saving agreement.
And they don’t have that long.
It will be years before they are operationally cashflow positive and that means he is going to have to continue to dilute to keep the story going.
By then he will be on his fourth round of investors he has taken to the cleaners.
But what do I know 😉
The lawsuit is for show. It isn’t the first penny stock to do it and it won’t be the last.
Just like the ridiculous buyback. They have bought back around $5 million (somewhere between 8-10 million shares), but recently diluted another 100 million shares. LMAO!
If someone doesn’t understand how stupid that is then they are up to their eyeballs in the koolaid
Well the math supports what I say completely.
The share price decline can mathematically be attributed entirely to the dilution alone…even when the decline itself is not attributed to declining or negative sentiment at all…but rather neutral or even slight positive sentiment.
That’s what people fail to grasp in this.
The stock has been naked shorted at times. I never said it wasn’t. The stock was on the threshold securities list for quite a few months awhile back
However, that “naked shorting” was being done by the financiers to facilitate their selling of the newly issued stock into the market.
This method is outlined in some detail in the share purchase agreement.
So regardless of the method used to move the stock into the market, the dilution is what has killed it.
the clown show ,again“
What have I been saying?…like forever…
I have been saying for a year and a half that the dilution was going to kill the stock price.
I have been entirely correct.
Nothing else matters to a shareholder.
Sorry for your losses.
It is Lucy and the goddamn football. The “believers”, of course, are Charlie Brown and Michery is Lucy.
smh
“I wish bashers stayed away“
Of course you do.
Especially when they have been right all along.
I guess people should stay the hell away from this stock then…
Mark doesn’t really give a shit about his “shareholder base”. He never has. He just finally had to reveal his hand.
At this point it is about attracting new “marks” (pun intended).
That is what the RS does…it wipes out existing/legacy shareholders and starts over on a new batch using a new name, ticker symbol and share structure.
Yes they do, no they haven’t (tomorrow is the deadline) and they don’t need to announce it.
If they are going to be late they will need to file an NT-10Q by 5:30 pm Wed.
“As long as Diprima (who is reportedly gone) is not helping Mark; I think we will be ok.“
What makes you think he is gone? He signed that last 10/A and is still listed as management in the 14c filed on Nov 2.
As an SEC reporting company they would have to disclose the departure of the CFO.
They have not made any such filing.
He’s still there.
Would like it to happen? Lol.
Let’s review shall we.
On Sept 12, 2022 I made the exact same observation.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169925829
The stock price then was a post split adjusted $130 ($0.58 pre-split).
The stock has dropped over 99.8% since I made that post making the same suggestion.
I wonder how the folks who “stayed away” feel now?
I’ll just leave it there 😉
Wow…
…but that is Michery’s MO.
Successively wiping out each round of investors that he sucks into buying the stock.
The next RS will wipe out the the last group…and then he will start on the next.
SMH.
If people are so convinced that the stock has been manipulated so far down then perhaps they should not invest in it or even consider selling….
lol.
So what?
Then why should anyone buy or hold a stock that is supposedly so easily manipulated?
$0.195 ($0.00087 pre-splits)
“we'll now see whether mark can get production rolling
on some of the IP projects by end of year.”
He needs money to do that.
He has none.
If the dilution is simply put on the ASK as it drops the buy/sell ratio looks good….but the stock price still goes down.
It’s just laughable that some can scream manipulation all the while the stock drops over 99.9%.
It would be mathematically impossible.
What is not mathematically impossible, and in fact a mathematically certainty is the drop on the stock price being attributable to the dilution.
Some simply refuse to accept that reality.
Oh well.
So what.
At the meeting on Dec 15
The coming RS amount they will need to do just keeps climbing and climbing.
The short position splits as well. They would have to cover 200 shares post split.
As I said I am not going to do or say anything I don’t believe.
But thanks for playing.
The lawsuit is simply an attempt, much like the buyback, to divert attention from, or give his believers a way to not blame him for the dilution.
And I challenge you to find a single Nasdaq stock that has diluted its OS by 265,000% inside of two years.
Even by OTC standards that is ridiculous.
Why on earth would I post something I don’t actually believe and try to entice people to buy a stock I believe is going to continue to drop?
I think the people that perhaps took some heed over year ago and got out and avoided a 99.9% loss are probably pretty happy they did.
I stick with reality. Not some fantasy dream.
They only thing this stock is good for at this point is flipping…and even then the dilution makes even that a challenge.
I know iHub doesn’t have an affect on Mullen. Someone else here sure does think so. lol.
The ONLY thing that has affected the stock is the dilution. And the shorts you refer to are actually the financiers shorting against the box protecting their risk as they move the dilution into the market.
But the entire drop in the stock price since the dilution started is entirely attributable to said dilution.
That is a mathematical fact that some seem to have trouble grasping.
Yes, that is ironic isn’t it.
Has it not dawned on you at all that a 265,000% increase in the OS in less than two years is entirely sufficient, on its own, to explain the price drop?
Because the math sure does.
But then that would lay the blame entirely at the feet of Michery….and we can’t have that…can we
Maybe Michery should come on iHub and take me on if iHub has such an affect on the stock.
lol.
I didn’t realize I had such awesome powers. lol.
“The stock is failing because of your bias analysis “
You think what I post here has an affect on the price of a Nasdaq stock???
LMAO…you give me way too much credit.
Here is something more realistic.
I happen to better understand what is going to happen because of the dilution.
The reason the stock is failing is because of Michery’s dilution.
That has zero meaning to this stock.