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There would not have been a sales pitch to Nasdaq. They could not care less about the “business”. It’s about numbers, their “rules” and precedent.
And MULN never did an “IPO”. It was a reverse merger. I don’t believe there was ever an underwritten offering.
The “deal” he did was the Pref D with his financiers…and that resulted in MASSIVE dilution driving the stock into the ground exactly as I said it would well over a year ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169132836
I never thought they would get to $250 million but shame on me for not believing he would be willing to drive the stock price down >99.9% to do so.
If that is the case they would not have been able to start selling the stock until today…
Rory has jumped the shark…
The OS equivalent before both the splits is now close to 65 BILLION shares.
LOL.
What a scam.
Where did that come from? It doesn’t appear to from Bravatek and looks to be a modified version of an actual PR from 2017.
LOL…what a scammer.
Maybe he can explain why they deregistered two years ago. LMFAO.
What are you taking about? Short Interest has dropped.
I didn’t put words in your mouth. I asked you a question.
Either Hardge had a technology that worked…or he didn’t…which would make it a scam.
Michery walked away from it.
So which was it?
“Yes , I believe he has a technology .”
So Michery walked away from a game changer?
So you think Hardge’s “tech” is legit?
Have you not been paying attention? Even Michery had to kick him to the curb after giving him $50K.
LMAO.
What are you taking about?
The guy was a complete flake with some bogus battery technology.
And Michery paid him $50K to use the narrative to pump the stock.
It was a scam.
LOL. What a farce that guy was/is. But hey…Michery paid the clown $50K so he could pump the stock.
But the question is how much assembly is required for those “parts”? If Mullen is importing a vehicle that comes in 10 pieces that needs to be assembled vs. 1000 imported parts that need to be assembled, then there is a big difference.
All the evidence so far suggests that Mullen does very minimal assembly.
I wonder what the definition or requirement is for “assembly in the US”?
And what did that $5.6 million achieve?
Nothing.
Why would the next $20M be any different? lol.
And for every dollar they spend on the buyback will be one more dollar they need to raise…and dilution is their only means of raising money.
That is what makes it so ridiculous.
How has that worked out so far…? lol.
Michery is going to have to do a pretty big RS this time. There will be no more grace periods for close to 2 years…and he is going to have to dilute more within that timeframe.
It was convertible debt. It was never going to be paid off in cash. It was future dilution. Now it is simply convertible preferred stock and still future dilution.
For Humbl it is a distinction without a difference. For shareholders they have just seen their share of the equity ownership of HMBL drop by over 40%
Good for flippers. But it never lasts.
The RS just keeps fixin’ to get bigger and bigger….
Yeah why do the bashers know. Down 99.9%…but just wait!!! LOL.
- I know how to find short interest and understand what it means
- I know how to find FTD levels and interpret the data
- I know what a threshold security is and how it gets designated as such
- I know how to read a share purchase agreement that ALLOWS shorting against the box and SPECIFICALLY warns of it.
- I know what it means when FTD’s spike in the middle of significant dilution
- I know bullshit when I see it in a lawsuit. The ShareIntel data is meaningless. And I am not the only person who thinks so
https://www.forbes.com/sites/brandonkochkodin/2023/06/22/the-loony-conspiracy-theory-threatening-wall-street/?sh=2935452a4ba1
You’d think I would be getting tired of being so right about this stock…but I’m not
“Illegal naked shorting caused both reverse stock splits, per the lawsuit“
Lol…not even close, they made that one up.
The dilution entirely explains the price drop.
But Michery will never admit that.
Besides the only naked shorting would have come from his financiers IN THE PROCESS OF DILUTING which he allowed them to do “per the” share purchase agreement.
The cult is strong here.
Depending on how much they will have to dilute in the next 2 years they may have to go higher to stay on Nas during that time.
I don’t disagree. They will have to maintain $1 for just short of the next 2 years. They go under $1 for 30 days they get no grace period. Direct to delisting.
So what’s a good over/under for the split amount?
1:20?
The company is doing a good enough job of that all on their own! lol.
“That's why the courts dismissed the case
oops that didn't .”
Well that would be a trick given no motion to dismiss has been filed…
Do you understand how this works?
The “lawsuit” is complete and utter bullshit.
As will slowly become apparent.
He still has to file the Def 14C
The issue is only with deleted tickers. Any dead/dormant non-reporting ticker that still exists (ie wasn’t revoked by the SEC and/or deleted by FINRA) will have its disclosures still showing even if they are no longer paying any fees.
That happens in pretty much ALL civil complaints.
And in this case there is a lot of bullshit to wade through.
I expect that is the case.
I agree 100%! OTC Markets should keep the historical disclosures available….like Edgar.
I’m wonder why they won’t….?
So what are peeps going to blame next? LMAO.
They have basically admitted that even their most wildly aggressive production projections are insufficient to meet their cashflow needs for the next year or longer.
Continued dilution is the only solution.
Lol. FTD’s are low, short interest is less than “1 days to cover”….
Shorts are meaningless to this stock.
Even at their best projected production numbers (which are likely bullshit) and assuming they can sell that much shows they are YEARS away from any positive operational cashflow.
They are going to have to dilute a lot more.
It appears the market understands that.
There isn't really anything to go after in a Class Action. There is not a single lawyer that would take on the class on a contingent basis.
MIKP has NOTHING to go after.
So while the notion probably gives some a warm and fuzzy....it really isn't going to happen.
What can happen is someone will need to sue MIKP individually or as a derivative lawsuit against Mark and PAY an attorney to do so.
But again it is wasted money because there is literally nothing to go after.
The problem is the 8K language is confusing because they make it sound like the stock was issued contemporaneously with the 8K filed on Feb 2023…or in the near future from that date.
However that stock was issued (as restricted) sometime between Apr-June 2021.
And that stock would have been eligible for legend removal when the S-1 went effective in July 2022.