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Brian is going to need to find a new audit firm.
https://www.sec.gov/news/press-release/2024-51
“Finra and documentation take time and money. “
LOL.
a) Mark has no money
b) FINRA normally processes corporate actions inside of 20 days.
You hooked yourself to the wrong scam ticker.
Why is this one any different than the myriad of other “announcements” that went nowhere fast?
Delpack, UNC, Watergen, Loop global, MGT lease…to name a few.
I have never heard of PritchardX.
Anything for a pump I guess.
The problem that Mullen will have is they don’t have enough cash or reasonable access to cash to “ramp up”. He will have to kill the stock price another 99.9% to get enough money to “ramp up”.
This is doomed no matter what. Some just seem to ignore that reality.
They need to sell over 1000 vehicles a month to come close to positive operational cashflow.
never going to happen.
There are 25 vehicles by 11 different companies in that class that have the incentive. Why would someone buy Mullen?
Not as long as they need to sell stock to fund their operations and overhead.
And there is no discernible path to ever being able to change that.
Which is why this is looked at as little more than an attempt to “play” automaker….until the day comes they can’t do that anymore.
Q1 financials are due in 3 weeks. I wonder if he will bother even filing an NT-10Q?
It always does. Obviously more dilution is on the way so they need to jack the price up.
Great for flippers.
Before it goes back down? LOL.
At some point people should realize how hopeless Newbauer is. You would think after a dozen plus years of screwing up it would be self evident…
…I guess not.
LOL! They are acting just like a stinkie pinkie with that nonsense…including the suggestion of a cert pull. Too funny!
The stock is now $0.0001 on a split adjusted basis.
Any response from Mark yet?
It should be a simple question to answer.
Because they really don’t give a shit…they bend over backwards to allow companies to stay listed…as long as they pay the fees.
Well that is assuming the OS is still 6.5 million…which it most certainly isn’t any longer. But we won’t know that until May 14.
“…no one asked you“
You responded to my post….LMAO.
Don’t blame me for your stupid choices.
No they didn’t. They put out their lease rentals. None of them had any recoverable minerals.
Investors like you made the leap in your minds that they had the minerals in an economically recoverable form.
And got screwed on the process.
They will have to initiate the RS well before it goes below $1…as they will not be eligible for ANY grace period.
But it is only a matter of time before it gets delisted regardless.
actually 💯
What filing did they make that was a lie? Give me just one. They always couched things in a way that if push came to shove they had deniability. The gullible shareholders stuck their head into the sand and used their imaginations to conjure up nonsense. That is on the gullible shareholder.
I told you this time and time again…but no…I am just the evil basher Lol. Now you are whining about being “misled” by the company.
Cry me a river.
Oh well.
You can’t say you weren’t warned….
That why Mark is vague. He would rather leave the information gaps to allow someone to deny or ignore the likely and uncomfortable reality.
It’s easier to stick one’s head in the sand than suffer the cognitive dissonance.
Mark has screwed stuff up for over a dozen years.
He isn’t going to stop now.
That nonsense tweet is simply the latest example.
I get it. You are convinced Diprima hasn't left and Mark isn't just bullshitting you.
Why was he so vague then? Why not name the new "secured" CPA? Why not explain what the plan is with Diprima?
The answer to that is easy. There is no explanation because Mark is tossing BS to try and distract from no fins...leading to the stock on the Expert Market.
Those fins are so simple that there is no excuse for why they wouldn't be done by now...other than nobody has done anything. And that would likely be because he doesn't have the money to do so. I doubt his shareholders are going to make the mistake again of giving him money.
I would not be surprised if he tries uploading a 10K with no audit...to try an extend the ruse. Its not like he hasn't done that before. LOL.
Again…by your logic Diprima has been sitting on his hands for 3 months…is still there but they have secured someone else to do the “books”. Mark could barely afford to get the Form 10 filed without getting some gullible shareholders to loan him some money.
He can’t pay anyone.
There is a reason his tweet was that vague…to give his stockholder’s imaginations the room to conjure up some excuse as to why no 8K.
He has always been a bullshitter and he is bullshitting you now.
Those fins could be done in 30 minutes.
So in your mind Diprima is still CFO (who is entirely capable of producing the incredibly simplistic financials) and yet they have “secured” another CPA to do them?
LOL.
That is pretty contorted logic to explain no 8K.
Do you not realize Mark is probably making it up to provide an excuse as to why no fins?…which is more likely the reason there is no 8K.
Whatever way one interprets the tweet, Mark needs to file an 8K.
Either he was referring to Barton leaving (in a messed up way) OR he was referring to Diprima leaving.
BOTH require an 8K.
There is none.
If Mark is referring to Diprima as his CPA…and he left, that also REQUIRES an 8K within four days of his departure.
He hasn’t filed an 8K for anything.
Mark doesn’t have separate CPA and auditor. They are the same entity. That entity was Barton.
MIKP’s “books” are about as complicated as a 10 year old’s lemonade stand.
DiPrima probably keeps them on an excel spreadsheet.
Mark’s tweet just demonstrates he is making shit up as an excuse for no filing.
People who don’t understand how this works naturally fall for it.
They are going to run out of space to store all the unsold vehicles.
The CPA they had WAS the auditor.
Look at Barton’s letter in the From 10 and count how many times “CPA” shows up in it.
Y’all need to pay closer attention.
In the case of MIKP it is the same thing. Barton was their CPA/auditor.
You are making a distinction without a difference.
I am not surprised.
Even if the only thing that has happened is Barton is no longer their CPA (either by them leaving or Mark firing them)….how hard is it to file an 8K about that? They don’t need to wait until they have found a new one.
In fact it may help him in the future provide some formal/filed explanation of the delay.
More likely though is that no change has actually occurred and Mark simply has not funded them to do the 10K…and he will simply drag the excuses out.
This certainly isn’t going to help with FINRA.
I guess we will see at some point.
“I think Mark knows what he is doing“
The last dozen+ years suggests otherwise.
They still need to file an 8K for change of accountant. It’s one of the REQUIRED 8K’s. The likely reason he hasn’t disclosed it is there is no new accountant.
Section 4 - Matters Related to Accountants and Financial Statements Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) If an independent accountant who was previously engaged as the principal accountant to audit the registrant’s financial statements, or an independent accountant upon whom the principal accountant expressed reliance in its report regarding a significant subsidiary, resigns (or indicates that it declines to stand for re-appointment after completion of the current audit) or is dismissed, disclose the information required by Item 304(a)(1) of Regulation S-K (17 CFR 229.304(a)(1) of this chapter), including compliance with Item 304(a)(3) of Regulation S-K (17 CFR 229.304(a)(3) of this chapter).
(b) If a new independent accountant has been engaged as either the principal accountant to audit the registrant’s financial statements or as an independent accountant on whom the principal accountant is expected to express reliance in its report regarding a significant subsidiary, the registrant must disclose the information required by Item 304(a)(2) of Regulation S-K (17 CFR 229.304(a)(2)).
“That would mean an April 2023 shareholder was diluted by 80% in one year. “
Actually they were diluted over 2000% since April 2023.
He is suppose to file an 8K if there is a change in accountant/auditor….
Where is it?
Only morons have “invested” in this stock.
Mark is a loser.