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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.
Any event that is material to the company has to be reported by 8K within 4 days of such event regardless of a “FINRA timeline”.
And announcements (if they are material) can’t just be “spaced out” (see above).
The only reason nothing has been announced is there is/are no MATERIAL EVENT(S) to announce.
“I'd wager it's Finra just taking forever, nothing new there“
You are right it is nothing new. It means that FINRA has lots of questions and MIKP is struggling to answer them to FINRA’s satisfaction.
This is definitely not Mark sitting on his hands waiting. He knows exactly what the issues are by now.
Sounds like he just doesn’t want to tell anyone.
Mullen has $40 million left in the bank. Michery is burning through $20 million a month.
None of the vehicles are actually selling.
He said he was doing a financing in Feb….it is now March 1 and nothing.
He needs to raise 3-4x the market cap of the company in order to keep going through the end of the year.
His only option is dilution…and that amount will kill the stock price yet again.
The numbers are what they are.
You can’t argue against them.
When things drag out this long it is more that a “couple of hiccups”.
Mullen doesn’t even rank with them. They were actually serious attempts at independent EV manufacturing that didn’t get there.
MULN was never anything more than a Michery enrichment scheme and it will hit the rocks this year.
By my calculation they should be down to about $40 million in the bank at most. No sign of the “financing” that was suppose to come in Feb…
He is going to run out early May at the latest unless he pulls a rabbit out of a hat.
He is going to have to go with some pretty bad dilutive terms to get money.
No sign the vehicles are selling, all he has done is stuff the channel…but even that is not returning any revenue…let alone cash.
“I still prefer Mark to tweet or make facebook comments to keep shareholders informed”
Gotta keep the charade up….
That shareholder meeting was apparently pretty lame. Not sure it instilled much confidence in even Michery’s most diehard fans…if there are any left.
Brian looking for his off ramp.
“Arowana Media Holdings and MIKP have an unbelievable number of projects in development.”
No they don’t. They need money to get any of their IP into “development”. They have none.
And if FINRA doesn’t process the RS…they won’t be able to dilute to raise any.
“Why Finra is taking sooo long?“
It’s usually means they are asking a lot of questions.
It is not a good sign.
Nah…just countering the bullshit like there was a $38 million settlement. LMAO.
In actuality the case shading FirstFire was dismissed and DPLS may be on the hook for attorney’s fees.
Squeeze play? Lol. Not even close. The short interest is only 14% of the OS and the days to cover is less than 1. It is also not a threshold security.
There are no conditions whatsoever that suggest a “squeeze” is even remotely possible.
"DPLS - To Settle FirstFire Case for $38M"
Do you understand the difference between a claim and a settlement?
Apparently not.
There is ZERO indication that any settlement is coming let alone one for $38 million.
lol.
LOL…it’s fitting he called the souped up FIVE the “RS”.
Geeze…I remember that clearly. No matter how many times we (I) pointed out that the offering HAD to be done at a discount to market people kept buying. I think one of the most egregious things Rory did when they had to use the current market price for one of the draft S-1’s (I think it was $7.20 or something) was to do a video and tell his cult that it wasn’t going to be $7.20 they were only required to use that for the draft…with the CLEAR implication that it would be higher. People bought.
The offering was done at $3.14….or $125 to account for the split against a current price of $0.14. That is a 99.9% drop on top of the 70% discount used for the offering back in 2019.
Cutaia is scammer, huckster and liar.
I don’t know how an offering works at $0.30…when the market price is $0.14.
Unless it is purely an attempt to induce buying in people that think the price is going to magically go to $0.30….
The RS will never be in production. They may build a few more “concept prototypes”…but little more.
They simply don’t have the money.
Michery is going to have to raise $150-$200 million this year at the cash burn rate he is at. Nobody is buying the vehicles and he can only move so much of his inventory onto a Randy Marion lot to sit.
And the next $200 million is going to be A LOT more difficult and costly to raise than the first $200 million.
The chances of this thing imploding this calendar year are going up.
He may be having an issue with FINRA processing it.
OS was diluted by over 10% in the last month.
a hundred bucks worth…
LOL….
What a dead stock.
I just noticed all the financials are in the 8K…why did they not just file the 10Q?
Also, it appears they did not sell a SINGLE vehicle to an end user in Q1 thru Dec 31.
All Michery has been doing is channel stuffing the product.
It’s hilarious that he capitalizes “REDUCED” when what was reduced was simply the amount of derivative liability they booked.
The key numbers, which he won’t give now are:
- Gross Revenue (from income statement)
- Change in accounts receivable (from balance sheet)
- cash used on operations (from cashflow statement).
LMAO!!! $550 traded in the AM and only a single share printing to the tape after 10:30 am?!?!
You guys are morons.
“And don't post about Area 51.“
Or chemtrails….
The whole Iraqi Dinar “revaluation” theory was complete and utter stupid bullshit nonsense.
Only complete morons that would fall for any “to good to be true” type of theory believed it.
The dinar is down 15% in the last 10 years. The S&P 500 is up 270% in the same time period.
It still amazes me people fell for that nonsense.