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That’s nice. MIKP has not been able to monatize a SINGLE piece of IP it has acquired in 12 years.
Not a single dollar.
It’s so cute that people think that has all changed.
And so it begins….
“This CEO is desperate to get a close over a buck.”
He is going to have to RS again. Apparently if he does it within the 45 days before the “hearing” they will not delist.
But he will be on a very very short leash.
That Reddit post by TradeGopher is brutal.
If anyone had doubts about Mullen they should read it.
Basically this is a sophisticated and well financed con.
https://www.reddit.com/r/Muln/comments/15xg5jn/pictures_from_the_austin_texas_strikingly/
Another day…another “non” dollar… 😂
So what exactly is involved in putting the Chinese manufactured vehicle together. Doesn’t look like more that putting the cab on and attaching a Mullen logo.
Is there ANY evidence they have imported anything yet under Mullen to make these things or are they only working off the ELMS inventory?
It must sting when someone who is down 99% sees the stock price double but that means they are now only down 98%!
“I thought you said several times?
There was no shorts , shorting?
Just toxic lenders?”
Nope. Never said that there weren’t shorts. I do believe most of the shorts, especially the naked shorts when it was a threshold security were the financiers.
Retail shorting right now is pretty risky given the margin requirements.
But ANYONE who has shorted the stock in the last year has made a lot of money including the financiers.
Shorts have made so much money on this stock in the last year…right now it is play money at this level if any still in.
Flipper paradise!
LMAO!!! Yes! That was one of the fun things about how iHub operated.
Same thing happening to me with iPhone. The only way to get to the menu without the grey out is from a board specific page (I enter ticker in the search box) and when I go to that board I can then click on the “3 lines” and get my menu not greyed out and clickable.
It’s almost as if there is an ad or dialog box somewhere unseen that greys out the rest of the page and makes it unclickable anywhere.
Did you mean walk away from the compliance?
Otherwise I am not sure what you mean.
I believe he will need another shareholder vote…so he needs to get on with it.
The language in the last proxy sounded like one reverse split, as opposed to “one or more” language in proxy votes authorizing the Board to do multiple splits if needed.
I think a third reverse split is inevitable.
Just don’t know how that plays into the appeals process…if he goes past 1:250 by doing so.
From the little research I did, it appears possible to regain compliance and stay on Nasdaq if compliance can be achieved prior to the Hearing.
However, the companies I saw that did it were usually doing a reverse split for the first time and Muln is already at a cumulative of 1:225.
Second they had to go through a “mandatory monitoring period” for a year that was a pretty quick trigger to another delisting determination.
But I didn’t really spend much time looking for a similar situation to MULN having completed two RS’s during the grace periods bumping up against the 1:250 limit.
But the “appeal” only allows it to continue trading on Nasdaq during the appeal (regardless of the share price). The appeal is not like a grace period.
I don’t know if a company that came back into compliance after an appeal and didn’t get kicked down.
But I am going to look.
Only problem…it didn’t close above $1 and he is now 1 day closer to Sept. 5.
If it makes $1 by close…AH should be interesting. Lol.
I am not sure what they would even say. This “illegal trading” nonsense is just that.
I noticed he stopped talking about naked shorting. LOL.
If they have evidence of “illegal trading”…then it should go straight to FINRA.
He is going to have to make up something in a nice sounding word salad.
Flippers are loving this…that’s for sure.
Great opportunity to either book some profits or preserve some capital.
As we have repeatedly seen…it never lasts.
That ship sailed yesterday.
If this is buyback…then he has until 3:30.
If he uses the buyback in the last 30 minutes he is asking for trouble.
Unfortunately no. The minimum 10 days will be missed by one day. It needed to close above $1 yesterday to meet the 10 days…and Nasdaq could and likely would extend that to 20 days.
I suspect this letter and the buyback are being used to goose the price right now. They will not be able to “buyback” in the last 30 minutes of trading however.
He completely ignored the real culprit.
Dilution.
Not a peep about it…but he is still deflecting on the “trading” nonsense.
Probably his biggest fear about being back on the OTC is that the share structure will be visible constantly on OTC Markets and updated at each change.
Right now he can kind of hide it…for a time.
Nothing will change with this stock until he fully acknowledges the real reason the stock is where it is at and takes responsibility for it.
Otherwise how can shareholders trust anything he says?
Never saw that post. But that Reddit link is eye opening…and not in a good way.
I got that RS picture a different way so it looks like it is making the rounds.
For the original SPA/Note?
yeah he should probably have filed for it.
But then Mark has always struggled with SEC filings.
The ability of this stock to just keep going down is impressive.
I would assume they are going to waive the event of default..given it only happened 3 weeks out from the signing and has been corrected.
But I am surprised they used the term “immediately” instead of giving some small amount of time to cure the default.
Did someone else post that picture to iHub? I must have missed it.
Freudian slip…
“I don't even read your posts“
…and yet they still seem to bother you. LMAO.
Have you not read my signature? lol.
The effective conversion price for the $50,000 is $0.000294 per share when the interest and 20,000,000 share “enticement” is included.
Mark will eat up about half the $50K in the next year on professional services/filing costs.
What are you babbling about…?
There’s always a “reason”….the vendor MIA thing is a new one though.
“OTC has acknowledged receipt on their site under "Filings and Disclosure" “
Nothing gets sent to OTC. The filing is done solely to Edgar. That is where it is sent by the company.
OTC grabs it from Edgar. And if they didn’t for any reason it would not matter one bit.
Edgar is the only filing database that matters for SEC registrants.
Now you’re just talkin’ silliness….
If Michery appeals to the Hearing Panel it will stay on Nasdaq until they make a decision, might be days or weeks. But once that happens they will be delisted the next day.