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Just another Wes Christian “naked shorty” case going down in flames…as predicted.
Would love to see the pre-motion letters that Mullen received from the defendants. That is what set them running away. They acted like they were going to amend their complaint but probably realized they were looking at some serious counter suits and chickened out.
They never did file their amended complaint.
The chances of them winning a civil lawsuit over an allegation of spoofing in the absence of a regulatory action over said spoofing are pretty much zero.
Only a question of when the withdraw the claim. The naked shorty one took 4 months.
There was no new information available to them than when they first filed.
Where was the “cost benefit” analysis when they decided to file?
It was as stupid then as it was today when they ask for a dismissal WITH PREJUDICE…
again, with PREJUDICE…do you understand what that means? They are precluding themselves from bringing any such action again against the defendants. They were forced to do this…we just don’t know how.
Nobody voluntarily ask for dismissal with prejudice unless they were facing to consequences for not doing so.
Michery is just flinging his bullshit excuse.
As for “spoofing” the only litigation successes you have pointed have been by regulators who have the ability to identify the offending parties and the actual blue sheet trade data to support it.
There is no regulator involved here. That spoofing bullshit lawsuit will go down the same path as the first one.
Michery is just throwing whatever shit he can against the wall.
And it appears some are falling for it hook, line and sinker…present company included
In other words…the company filed a bullshit lawsuit to pump the stock, really had no intention of following through with it so they asked to have it dismissed before they had to be subject to discovery.
Why some fall for their nonsense is beyond me.
This lawsuit will go down the same path.
Mark it.
This is beginning to look like MULN has had a visit or inquiry by a regulator. They voluntarily dismiss their first bullshit lawsuit and then send a Cease and Desist to their number 1 pumper.
Entertaining for sure.
This lawsuit will go the same way as the first one.
From your link….
The ONLY entity that has the tools to determine whether spoofing has occurred is FINRA. But have you noticed that MULN doesn’t even suggest that they have asked for the involvement of the Regulator?
It is a nonsense lawsuit just like the first one that Mullen just asked to be DISMISSED with prejudice.
They stuck their tail between their legs and ran away. LMAO.
That’s what an action by a Regulator looks like.
But MULN says nothing about FINRA or SEC.
lol.
Did you see this? lol.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173383841
“Especially against 3 big guys wonder why it was ever started“
…duh…for the pump value of course.
Have you not been paying attention?
LOL … what’s another 10 BILLION shares between friends!
Funny how they claim violations of Securities Law but no discussion of FINRA, SEC or DOJ involvement.?
hmmm….
Hint, it is much easier to make a civil claim when a regulator law enforcement authority has brought action.
I think there are more than a few shareholders at this point that would be happy to pull the rope on Michery.
Another junk lawsuit I see…this is getting comical.
Anything to distract his believers from the reality. Spoofing can’t make a stock drop over 99.99% in a two year period.
But massive dilution sure will.
Ok…that made me spit coffee…LMAO.
“All Louis were snorting“
I see you got your Louis’ sorted out. lol.
So is Michery Louis XIV or XVI?
But this line of discussion you are pursing makes me wonder who is actually doing the “snorting”.
LMAO.
The sheriff is serving some…somewhere.
Still making no sense…
(BTW - I think you have your Louis’ mixed up…LMAO)
The imagination is a wonderful thing isn’t it!
lol
LOL…thought the same thing.
Insider in da house?
LOL.
“That's all Bashers have is the stock price,”
What else really matters?
Seriously…
I am sure those that have lost 99.9% of their investment are comforted by that thought. Denial is a powerful compensation mechanism.
… or perhaps many are happy that their losses were for a good cause
LOL…
And it’s down over 99.99%.
The koolaid is strong here.
This “basher” said the stock price was going to fall because of the dilution.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169132836
The share price has dropped 99.9% since that post.
Was I wrong about that?
Simple question.
As opposed to this post by you in the same time period…
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169032676
On a pre-split basis (for consistency) the OS is now 93 Billion shares.
Your post didn’t age well at all! lol.
And BTW…it will continue to fall as Michery will need cash infusions for at least another year…possibly two.
(A year from now I will be linking to this post , like above, to counter the pumper nonsense)
They must have delivered 2 or 3 vehicles.
https://ih.advfn.com/stock-market/NASDAQ/mullen-automotive-MULN/stock-news/92717936/mullen-delivers-electric-vehicles-to-randy-marion
Exactly.
“Not at Amazon, since as far as I can tell it isn't really on sale there“
Was it actually ever there?
One would have expected the believers to have seen it and plastered the internet with it?
I see nothing.
This is just he latest version of the “beverage” scam.
Those buying long term on the pump are going to lose a lot of money.
Basile has found a money making niche for himself. He doesn’t work on contingency but gets scammy stocks to pay his fees for the pump value.
Problem is, beyond New York he hasn’t found much success…and even then he has yet to secure a major win for his clients.
They pay for the pump…not the result.
I wonder if they put a limited amount of product on Amazon, had the insiders buy it up, pulled the product listing and claimed victory?
Do we even know it was ever on Amazon?
Funny how it’s not on there now.
Michery isn’t going to sue his note holders…LOL.
He needs the money they provide too badly.
For pumping purposes only.
They might even have suggested hiring Basile and putting out a PR…makes it easier for them to dump on the bump.😉
I remember when DPLS tried suing their lenders using Basile in late 2022.
The stock was $0.075. Today it’s $0.0017
Michery will literally grab at anything to get try to hype the stock.
I guess Wes is old news now. lol.
smh.
Reverse merger?
There is no reverse merger…there is a reverse split, but no RM.
LOL…yeah right.
HMBL Believer: “Surely it can’t go down much further…??”
Foote: “Hold my beer”
Which meant absolutely nothing.
“Boy that EMA judgement was a long time in the works, will it help now?“
No. VYST May gets its legal fees covered, but that is it.
413,097,639 shares as of November 6, 2023.
That is 92,946,968,775 shares on a pre-split basis.
They aren’t even trying to hide it….lol.