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He is going to have to do it BEFORE the stock goes below $1…because once it does and if it stays below $1 for 30 days they will go straight to delisting…there will be NO 180 day grace period.
And 30 days will not be enough to get a split done.
He is going to have to start the process, in my opinion before it goes below $2 because the stock price will drop once he has to announce it.
WTF is Rory talking about? It does have a going concern warning. Read the auditors letter dated April 1, 2024.
“These matters raise substantial doubt about the Company’s ability to continue as a going concern”
They go right back to the beginning…and that might be the problem given how long this was dormant.
I will tell you one thing with certainty. Mark knows exactly what the holdup is with FINRA.
And he is silent.
…that should tell you something.
One possible, and perhaps likely, explanation of FINRA’s reluctance to process the corporate actions is that Mark has been unable to provide the necessary backup justifying every share issuance that has occurred. And FINRA is going to want that to ensure they were all legal.
More than a few shells have been tripped up in getting a corporate action approved because they simply couldn’t provide that documentation.
And given the history of this stock and its dormancies Mark probably can’t pull it together and he certainly can’t just recreate it.
It’s been that way for well over a decade. This is only the latest iteration.
But people keep falling for it.
It’s Lucy and the football.
He filed an NT-10K. That gives him 15 more days.
It’s Mark Newbauer. Nothing has changed with him for more than a decade. Why anyone would have thought he would just change his spots is beyond me.
Oh well
Hope springs eternal doesn’t it…LMAO.
If history is any indicator this will be on its way back down Monday.
This happens pretty regularly after a sustained drop. Funny part is folks are all excited it is in the 5’s. LMAO. I remember when 6’s were dreaded.
The dilution will start back up soon enough.
Good flip for some that are purely trading the stock.
Buy Verb for $10? That sounds about right
No dilution today and this couldn’t move. That doesn’t bode well….
Bidding? You’re joking right? It’s a publicly traded company, they can buy the stock right now in the open market for far less than $1.
smh
“a positive final ruling might finally lead to quick and substantial sales“
If this is what people are expecting, they are going to be sorely disappointed. This is not a contract. It simply means they are added to the list of thousands and thousands of suppliers some of which do zero business with GSA…and never do.
It could take years before they get a sniff of a procurement.
Getting on a GSA schedule is little more than a glorified hunting license…amongst thousands of hunters.
More dilution today! AH VWAP trade. These dudes are relentless.
A shitload of dilution today…taking full advantage of the pop. Too bad it killed the momo.
This is the third time this has happened. I don’t know if they are just taking advantage of an algo/bot/HFT play on “news” leading to a volume over 10 times the OS….OR…they instigate it. No doubt it was being shorted to the hilt with the $0.24 issuance to cover.
But it did seem like they did expect this…given the pricing of the offering.
One of these days he is going to go too far.
Regardless, this will continue back on its trajectory down like it always does.
Who’s paying for the 10K this time?
It’s dilution. The pattern is remarkably consistent when they are diluting. Major dumps out of the gate in the morning and then the volume drops off and the stock stabilizes or creeps back up toward the end of the day. Been going on for well over a year now.
He is going to have to RS yet again before it drops below $1 because Nasdaq will no longer grant any grace periods.
4’s….LMAO.
“So easy to provide an update on what’s wrong or delayed.“
Unless it is bad news then it is better to stay quiet and allow people to imagine nothing is wrong.😉
Huge AH VWAP trade…dilution, dilution, dilution.
Nobody is going to buy this out. The most likely scenario is that his financing starts to dry up and he has to slash costs making this an essentially a dormant company. If he does end up in bankruptcy the current common shareholders will end up with nothing.
Michery will walk away with tens of millions since the get go.
Can’t say people weren’t warned.
It amazes me that anyone would buy this at any price. The dilution has kicked back into gear and it will just follow its old pattern of ratcheting downwards. And Michery will have to RS BEFORE it drops below a $1 because MULN will NOT be eligible for any grace periods if they go below a $1 for 30 days and he needs at least two months to get another RS approved and processed.
These bumps never last long. Good opportunity to save some capital and then buy back in later.
I wonder if Mullen paid the $24 million into escrow by March 9 as directed by the Court in the GEM Group litigation?
Michery will be out of cash if they did. No signs of other financing at the moment although the dilution has started back up.
“I'm wondering whose idea was it to keep quiet until the reverse merger?“
It’s not a reverse merger. Mark just wants to make it sound like one.
“I’ve been here since 2011.”
My condolences.
People that are buying under the assumption that a short squeeze is coming in MULN are going to be strongly disappointed.
There is NO “technical” data that suggests a “squeeze” will occur.
What we do know is that MULN has been diluted by over 400,000% in the last two years.
And Michery will need to sell over $1 million per day in stock relatively soon to stay afloat.
Getting on GSA’s rate schedule is remarkably straight forward.
Actually selling to the government is an entirely different story.
Squeeze?
You obviously don’t understand how a short squeeze actually works.
The short interest is less than 20% of the OS. It needs to be closer to 100%
The days to cover is around 2, it needs to be closer to or above 10.
It is not a threshold security so there is not enough naked short positions to force buy-ins to fuel the squeeze.
There is no short squeeze coming…
At some point Michery is going to need to dilute to the tune of $1 million PER DAY of stock to keep MULN funded.
The math speaks for itself.
They will get an extension. Nasdaq bends over backwards to keep companies listed.
FINRA is not going to process anything.
Mark will not be able to get financing.
Mark won’t be able to get $$ to pay for filings.
Mark will lose IP.
MIKP will go to EM.
Stock will go dormant…yet again.
How much gold?
zero.
“Revenue positive”? WTF does that mean?
I’ve never heard of revenue negative….
LOL…what a moron.
I think Rory’s goal is to get Market to a point that he can sell it to recoup what is owed to him. Shareholders will get little to nothing.
The shell will then be used for some other scam.
AH VWAP trade today again. Dilution continued today.
After hours VWAP trades…dilution is back.
I guess the dilution has restarted now that drop has begun again.