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LOL…yeah…just keep thinking that.
I swear, GME will go down as the Tulip Mania of the 21st century.
It’s a giant and extended game of chicken.
Only problem is he is missing:
10K for 2023
10Q for Q1 2024
8K for the departure of his CFO
LOL…
Momentum Group PR sounds a lot like the Delpack PR…which we all know resulted in ZERO sales.
Michery will do anything to pump the stock.
I am talking about operational cashflow, not profit.
They are different things.
They had NEGATIVE operational cashflow of $203 million in 2023.
“They are positive annually. Hence positive cash flow.“
Incorrect. Please read the filings. They were operationally cashflow negative in 2023 AND in the first quarter of 2024.
“…positive cash flow.”
The company is operationally cashflow negative…to the tune of >$30 million a month.
My short position? LOL. I wouldn’t come near this long or short…the volatility is ridiculous.
So he has been lying about the hold-up with FINRA all along?
Why you ever gave this idiot money is beyond me.
Except if he gets his reverse split then it is “look out below!”. LOL.
Otherwise this will be illiquid for a long long time…and people will eventually be looking for the write off.
That was weird…
He could use a form of cashless exercise…if he can find a bank to front the cash…
It’s an ATM offering, it is not going to occur all at once.
So they don’t have $4-$5 Billion “in the bank”.
Thanks for confirming.
That was “as-of” May 4th not March 30. That is the end of their first fiscal quarter for which we have not yet seen the 10Q.
Do some research on Accounting Standards Codification (ASC) 855 - Subsequent Events .
You may learn something.
And they are in Q2 now. Q1 filing should be showing up shortly.
Shorty squeeze? Based on what?
It is not a threshold security and the current short interest about 20% of the OS. Also it’s days to cover is less than 1.
No stock is going to come even close to a squeeze with those numbers.
Lol. Do you not understand what the “Subsequent Events” section of a 10Q is for?
If there was a financing done between the the end of Q2 and the date of the filing of the report for Q2 it would be reported there.
Although it doesn’t show up in the financial statements for Q2 it would be disclosed in the Subsequent Events section of the Q2.
LOL. Basically consignments. I guess he needs to park them somewhere. Looks like RMA isn’t taking anymore. No more “invoiced” announcements. SMH.
The answer is simple. The only reason this got back to pink was some long suffering stockholders had badgered Mark to re-register with the SEC thinking that the excitement would give the stock enough volume and price action for them to finally dump their bags.
Problem was Mark didn’t have the money and wasn’t going to pay for it himself. His attempt at getting around the fact that MIKP was dead on the Expert Market, by forming Arowana and trying to raise money that way, failed miserably as well.
So he got some of those shareholders to lend him cash (some still posting here) to get the Form 10 filed and declared effective and all would be well.
Well, as Mark is want to do, he completely screwed that process up as well and lost any mojo that might have shown up. By the time they did get back to pinks, there was never the “run” people were hoping for…
At the point the problem was that the money was gone…and it takes money to file an audited 10K.
So as it happened exactly the same back in 2015 he simply stopped filing.
I doubt anyone is going to lend him money again, and Mark will be left with having to once again de-register the stock by filing a Form 15 to prevent the SEC from revoking its registration for severely delinquent financials.
We are still always away from that, but it is probably unlikely that we will ever see the filings from Mark…and this will again languish where it is.
This story is really not that complicated.
144 Filing. Calin Popa, Prez of Automotive Division selling stock. I guess he wants to cash in some of it before the dilution starts in earnest.
Same thing that happened a little less than 2 years ago.
I wonder if Michery has the audacity to do the same?
That is not the 10K. That is an NT-10K that gets filed when you are going to be late. It allows an extra 15 days…but that ran out in the middle of April which is when they got kicked back down to the EM.
The last financial filing was for 2023 Q3.
My comment stands.
The haven’t filed last years 10K, and 1st quarter 10Q. How about they start on those right away…and he can’t do anything with a 10Q for Q2 until they are done anyways.
His financials are remarkably simple.
But I think we all know why they haven’t been done. Mark doesn’t have the money to get them done and nobody is going to loan him money like last time.
“sell the company”….lol.
He couldn’t give it away…never kind the fact it is publicly traded…or pretends to be at least. smh.
Q2 fins are not due until August 14.
He can say that all he wants but it is the only type he will be able to get.
LOLOL…nobody is going to “buy” this POS…
Changes were made to Rule 15c2-11 a few year ago. Clearing stock under $0.01 has been very difficult since then. That is why Mark wanted to do the RS. So they could issue stock to a toxic financier to get $.
Now he can’t. No money, no MIKP.
You obviously don’t understand how this works. Mark’s justification for the RS was to access capital to move the company forward. Since the changes to SEC 15c2-11 clearing stock under $0.01 has become increasingly difficult. By RS’ing to get the stock above $0.01, Mark likely gets to access financing.
But as should be obvious to all by now, FINRA is telling Mark he is SOL.
No funding…
No projects…
Stock dead…
…again.
If he can’t do an RS, he will get no financing and MIKP will just languish on the Expert Market. Eventually he will have to de-register the stock or it would eventually be revoked by the SEC and disappear. If he does de-register, then it will be up to FINRA as to when the ticker gets deleted. Usually after a couple of years with little to no trading activity.
Once that S-1 goes effective the dilution will be relentless over the next year.
Esousa 2.0.
It costs Mark basically nothing to upload an 8K about the departure of DiPrima or an NT-10Q for the late filing.
He has done neither.
Looks like MIKP is going dark yet again.
That’s funny.
Mark is a moron.
He couldn’t even be bothered to file an NT-10Q.
So he is now missing THREE required SEC filings.
Mullen is going to have to dilute the stock to the tune of at least $12.5 million a month over the next year…and as the price drops the number of shares needed to meet that $12.5 million is going to go up…it’s a vicious circle.
They don’t call it toxic death spiral financing for nothing.
He really screwed you over.
Can’t say you weren’t warned…over and over and over.
They have only sold ONE (1) Class 1 vehicle in the last six months.
There is no way their model works.
This is simply Round 2 of the Esousa Holding toxic financings.
Round 1 led to a >99.99% drop in the stock.
Round 2 will lead to a 99.9% drop at least. It will take about 12-18 months.
Holders through Round 1 have nothing left.
Those holding in Round 2 have obviously learned nothing.
As they say…”Fool me once, shame on you, fool me twice shame on me”.
Those people deserve what is coming…
They basically wrote off almost all of their Bollinger investment.
Did you see the first quarter revenue????
LMFAO….
They basically sold ONE (1) Class 1 vehicle in the first quarter.
Yes …O.N.E.
What a farce.
The 10Q is another unmitigated disaster.
The coming dilution is going to tank the stock.