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They would have to get to between 1000 and 1500 per month to break even.
I don’t see where that is going to come from. Until then they will still need to raise cash.
I would suggest you learn how these things work.
A) it is relatively common to see an extension request for the 21-day response time on a civil claim and given the large amount of BS they have to wade through not surprising at all. Most are granted.
B) a motion for Dismissal or Summary Judgement would not be made until they have first responded.
Sorry, I am not your monkey. LOL.
First Michery is fabricating a bunch of claims based on nonsense data from ShareIntel. The Forbes story pinned above talks about this scenario in some detail.
Second the share purchase agreement SPECIFICALLY and in some detailed laid out the shorting mechanism that the financiers could use to move stock into the market…and we see all kinds of evidence it was used given the amount of stock they had to move.
And why would Michery sue his financiers? He would essentially be admitting that their actions, which he ALLOWED, were the cause and of the stock price drop.
Ironically it would have been various broker dealers carrying out their client’s wishes (the financiers) which is what led to the high short interest, the security being on the threshold list for many months and the drop in the share price.
But keep playing ostrich…and sticking your head in the ground.
LOL…sorry it doesn’t fit your framework.
But if I see something that is factually wrong regardless of who says it and if I choose to respond I will correct it….regardless of who it is.
I have corrected posters critical of MULN plenty of times. A very small sample.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172790992
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172767930
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172719066
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172591734
Michery is simply trying to pin blame on some nonsense claims of illegal shorting when the stock price drop can be entirely attributed to dilution.
You are also ignoring the fact that the share purchase agreement allowed for shorting AND naked shorting by the financiers in anticipation of the share issuances to be sued to cover or deliver the stock.
In the case of a naked short they had 35 days to deliver the shares otherwise a buyin would be forced.
The share price drop is entirely due to the dilutive issuances and the shorting done by the financiers to get the stock into the market.
Even a 10 year can see that. 😉
“You can't even read the post correctly.“
Apparently you don’t understand how to use punctuation or sentence structure properly.
“Still, the unlawful shorting from the broker-dealers is flat-out greed, theft from retail traders, and destruction of a start-up company for profit.“
Illegal shorting?
Theft from retail traders?
What the hell are you talking about?
There is zero evidence of anything illegal…and exactly how does a retail trader “steal” anything?
The ONLY thing that has destroyed the stock price is the dilution and the mechanisms Michery agreed to allow to get it into the market.
Why do you think he sold $10 million worth before it all got started? He knew what was coming.
Yes a 2 million share dump into the bid says a lot! lol.
Being right about the stock price trajectory for over a year because of the dilution is more like being right every day…of that year. Lol.
….that drives some nuts.
And nothing makes me happier than realizing I haven’t lost a cent on this POS because I never became an “investor” in this stock in the first place.
I started posting when I saw this scam in May 2022. In June/22 I predicted that the dilution would kill the stock price given the terms of the Pref D financing agreement.
At the time the stock was at $230 on a split adjusted basis (a little over a dollar on an actual price basis at the time).
Today it is about 50 cents right now. (Equivalent to 0.0022 on a pre split basis)
That is a drop of 99.78% since I made that observation.
I was entirely and completely correct.
So you can shove your “con artist” label. LOL.
It drives you nuts that we were so right about this stock…doesn’t it….😉
FINRA may just halt trading given the impending cancellation if things look too weird.
You mean the jolt when the stock disappears without a trace? That jolt?
Did I hit a nerve? lol
LMAO…I haven’t seen that serious a case of iHub whiplash in some time.
You playin’ it as a flip now? lol.
I was wondering why the tune changed…
Yeah..I am only looking at it from the point of its uplist to Nasdaq with the offering and SC acquisition.
It’s about 0.0014 from its OTC days prior to the 1:15 in early 2019.
Niko, that is over a month old and the OS is now 150 million higher than it was on August 21, a week after that tweet.
This is now a 2 cent stock on a pre-split basis.
“Coveted spot…”, “invited”????
LMAO…more Rory hyperbole I see.
Most stock charts adjust historical prices to account for a split.
You can also take the current price and adjust for the splits to compare to actual prices prior to the splits.
In the case of Mullen that would be about $0.0025 from the highs of $15-18 which is a drop of over 99.98%
And when it ends what will be Mark’s next excuse? lol.
Is it not obvious?
The stock price is down more than 99.9%…
Dumpage taking a break…stock price still down.
Ouch.
Well one “cult” has a grasp on reality…the other “cult”? Not so much.
So that is equivalent to 864 million shares of dilution pre 1:9 RS and 21.6 BILLION shares of dilution pre 1:25 RS.
The cult is strong here …lol.
The wording suggests they only purchased the pilot vehicles they were testing. Do we know how many of them were delivered for testing? Probably got a nice discount on the “pilot” vehicles.
“Shorts” didn’t make the company go bankrupt.
And those that were smart enough to see what was coming and then shorted the stock made money as they should.
It’s how the market works.
MIKP is in the same place it was 10 years ago…
I am thinking the “final jeopardy” riff….
It’s all about who initiates the transaction.
Today 99% of it was initiated by sellers dumping into the bid.
99% of which has been sellers into the bid.
LOL…MM’s don’t give a shit about some trip zero low volume dormant business.
What we are seeing is someone has started selling into the bid. And in some cases they are block sales.
Still waiting…😉
Nasdaq gave them the second 180 day grace period thru March 18, 2024. They will likely need to do an RS before then to maintain compliance.
Seems like there are plenty willing to wack the bid…