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They could sell those shares the moment the S-1 went effective in July last year.
On what basis are you saying they can’t sell them today????
And the only people that care about what a stock does in a week are flippers.
While the stock is down over 99% since those shares were issued.
As I said that deal did nothing for the stock since it happened
I never said they sold them for a “milly”.
I was referring to what the equity value was at the time of issuance.
If the argument is that they are essentially worth nothing now…that is entirely correct.
But I find it somewhat ironic that the precipitous fall in the stock price is argued to somehow mitigate the cost of the acquisition.
They issued $10 million in stock at that time. It shows up on the share accounting and diluted the existing shares holders to that amount in 2021.
So in effect they paid $10 million in equity to learn how to digitize tickets….and that has not added one cent to company value as witnessed by the stock price trajectory since then.
We are talking about the same thing. In one of your posts it looked like you were referring to stock issued to them when the agreement was rescinded. I didn’t have it at my finger tips so I took it at face value. I see there was none.
So that stock was the stock I was referring to when it was issued in 2021.
Once again, they got $10 million worth in February 2021, and the stock you are referring to was on top of that when the deal was rescinded in February of this year.
That is on top of the $10 million worth they got in 2021 which they likely sold ages ago.
It was $10 million in company equity.
You understand how dilution works? LOL.
Cost? They didn’t cost Tickeri anything, they were consideration for the acquisition.
“Then when HMBL decided not to pay the $10mil and cut them lose..”
Did Humbl get back the $10 million in stock they paid?
Nope.
“Tickeri is old news. They are no longer part of the plan…”
There are a lot of things which that can be said about from the last 3 years. LMAO
Just a continuous stream of one thing after another that goes nowhere.
Peeps still falling for it I guess.
Dennis is a moron.
“Remember when you admitted that you post on multiple accounts? “
You actually thought that was an admission?
Seriously?
Were you born without the sarcasm gene?
LMAO!
“Shares must be canceled before a merger or acquisition.“
That’s a new one…lol.
I’m I-Glow too…we are all I-Glow. lol.
There is literally 3 cents in short interest value in TOTAL on MIKP.
LMAO!!
So they only purchased one of the pilot vehicles?
Their PR used the plural.
Maybe Michery’s grammar needs some work. lol.
You can believe that all you want. But it’s just made up nonsense for a variety of reasons:
1) the SEC has never suspended a stock because of naked shorts.
2) MIKP has never had any meangjnful amount of naked shorts as it was never a threshold security.
3) the SEC gave the reason why in the suspension and they said nothing about shorting (naked or otherwise)
It’s in the Pre 14c.
The AS for the common stock will be reduced to 500 million.
They are not going to make 50%+ gross margin on anything they sell.
LMAO…wishful thinking.
But let’s indulge your fantasy…
…even if they did they would have to sell over 700 PER MONTH just to break even.
They are Chinese manufactured vehicles that are shipped to the US for final assembly.
Mullen, does not manufacture ANY of its own vehicles.
The Mullen Five…was a prototype they paid $2 million for two vehicles.
They will never produce them.
It’s a penny stock scam.
What “Mullen ones”? There are no “Mullen ones”. Only Chinese kit vehicles.
And the Company’s financials, as I have represented them, speak for themselves.
Did I get something wrong?
I am more than willing to debate what they say.
Bring it…
They are making 20% gross margin on their sales as evidenced in the last financials.
That is about $6k-$12K per vehicle.
The company SG&A is running at around $14 million per month.
That means they need to get to a production level of 1500 to 2000 vehicles a month…
…TO BREAK EVEN.
They are so far from that…it’s doubtful they would EVER get there.
So stop with the BS.
Mark isn’t controlling jack shit. The financiers are. You picked the wrong time to hop the fence. . LMAO.
Reverse merger? LOL…is this sarcasm?
What have I been saying? lol.
You wear a tinfoil hat don’t you…lol.
LOL…you got caught playing both sides of the fence…
Actually Nasdaq doesn’t care about its reputation as much as you think. If they did they wouldn’t even consider keeping MULN listed given how heavily diluted it is.
Regardless, the actual details of the business don’t factor into their decisions at all beyond the specific criteria they have for continued listing.
And none of those criteria have anything to do with lawsuits by the company.
Nasdaq doesn’t give a shit about a nonsense lawsuit.
There is no longer any company to “buy out” or “merge” so WTF are you talking about???
They don’t give grace periods for lawsuits. SMH.
They may give a grace period to affect an RS within that time…but…MULN is already bumping up against the 1:250 limit within the last two years.
So we will see….
Nasdaq doesn’t give a grace period for “we can pump the stock back above a $1”.
They would give it if the company committed to an RS.
Problem for Muln is that would put them above the 1:250 limit Nasdaq has for further grace periods.
Stupid says what?
Who is the “they”? you are referring to…?
Actually reducing the AS at the same ratio as the OS is a good thing. If that is what you are referring to. It shows the company has no intention of dilution .
IDEX had not used up any of the reverse split “budget” allowed by Nasdaq.
MULN, on the other hand, has used up almost all of it and is now coming hat in hand for more time.
While Nasdaq may very well provide another grace period MULN is going to have to do yet another RS…and at that point they are out of chits.
“DPLS - October RUNNER !”
BWAHAHAHAHAHAHAAAA!!!!!….
Ahem…
No seriously….
So…how’s the other side of the fence feeling? lol.
This “room” isn’t going anywhere. They can change the name, they can change the ticker, the room will remain with the new name and new ticker.
It’s like Lucy and the goddamn football. Mark is Lucy and the “believers” are Charlie Brown.
At some point I would expect you would want the write-off…you will have to talk to your broker about getting them designated as worthless since they can’t do a “dollar for the lot” transaction.
If you don’t want the write off and just want to see them sitting there at zero value, then you can watch as the name disappears at some point and turns into a number….and then someday your broker removes them anyways.
Mark is setting this up for new fish…errr…investors going forward.
That is usually what a reverse split does.
Wipes out the legacy holders, create a ton of room in the A/S, end up with a share structure that “looks” reasonable and then start the promotion dilution machine.
It’s why he is doing nothing now to promote the stock. It’s doesn’t make sense until after the RS, name change etc. to create a fresh crop of future bag holders.