$MULN Cannot Meet the NASDAQ Listing Requirement via Reverse Split. Here is why. (I welcome any comment or challenge to what I have below)

The new rule says that a COMPLETE APPLICATION must be submitted to NASDAQ at least 5 business days before the effective date of the RS. The… pic.twitter.com/7wCWwbh0FT

— DewmBoom (@dewmboom) December 12, 2023

250 is not under consideration. Max they can is 100. Even if voted yes, NASDAQ panel can still reject it.

$MULN RS CAN BE REJECTED BY NASDAQ PANEL

If a company has received an extension from the NASDAQ Listing Qualifications Panel allowing them to maintain their listing, the panel may still have the authority to reject a proposed reverse split. While the extension enables the…

— DewmBoom (@dewmboom) December 12, 2023

IDEX members with a voting power to increase the AS. The AS now is in a park mode. It MUST increase or there is no company.

It is not simply reducing the OS and AS by the same ratio. That would be a good thing if you have a spread to start with. But in their case, there is no spread. So, they MUST increase the AS by SEC requirement to meet their obligations.

If my Aunt had balls she would be my uncle. LOL

You made me laugh man. Thank You

That is not true. They will get time extension and comply without RS to start with. NASDAQ has some responsibility relative to naked shorting. If they went hardcore with MULN, they can potentially sue them. So, in this case, NASDAQ has to be very careful especially if mullen lawsuit prevailed.

That is precisely why the hearing panel does not give a green light just by meeting the numerical value. IDEX did something very artificial to meet the price bid limit. They did a 1:125 RS and kept the OS maxed out equaling the AS, while they have no money. That is not realistic, is it?

As for MULN, I believe that they will get an extension and will comply with price bid without a RS. What happens beyond that next year will be interesting but I won’t be entertaining that right now well ahead of time.

But IDEX did not get NASDAQ clearance until now. Even though they did a RS, they have no money. When the case is being considered by the hearing panel, they can be more stringent even if you meet the numerical requirement. How would you clear a company if they have no money.

The point is that NASDAQ wants to work with companies and not against them especially at this very tough time.

Hearing Panel Estimated Time Table

$MULN NASDAQ HEARING PANEL 👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼 https://t.co/sOXXwcu8pi

— DewmBoom (@dewmboom) September 30, 2023

It is likely that the Hearing Panel will grant them another 180 days extension or work with them for a longer period of time ranging from 90 to 180 days. That is what they did with $IDEX.

It sounds like you missed it. What it means is my response to not sure what it means in the previous tweet. You already have the full answer. If I am right, share buyback and short squeeze is what is left.

$MULN: I did some research on this topic and here is my conclusion. The decrease in trading volume is due to the decrease in warrants conversion and shorting. Typically, there is an association between shorting the stock and warrants conversion at the cheap, then covering the… https://t.co/u9lzoPmW2i

— DewmBoom (@dewmboom) October 2, 2023

Companies who master the business of selling Chinese Vehicles in the USA will be filthy rich. That is not a bad business to be in especially if you can also meet the criteria of qualifying as selling US vehicles by definition, as defined by US government to qualify for tax credits.

Get ready for another big week!

$IDEX NAME WAS REMOVED FROM THE NASDAQ NONCOMPLIANCE LIST

https://x.com/dewmboom/status/1701758829954842875?s=46&t=4i2e71_mIJlM2gX3MyKXew

$IDEX can regain compliance with NASDAQ anytime now!

I am so impressed and as such I plan to buy more MULN shares next week. I am 99.99999999% sure that MULN WILL NOT be delisted because NASDAQ will work with them and most likely they don’t need a RS.

I have ZERO influence on this stock trading and likely this entire board. The average daily trading over the last 20 days is $60M per day. That is way over my head. So, whatever you feel like doing using a level of DD that you feel comfortable with.

You are over looking three critical elements that are unique to MULN

a. Meeting the bid price in their case is artificial now and has no value. NASDAQ needs their ass with their $225M. They also make a huge amount of money off their trading. Very few mid cap stocks trade at over $1B in 19 business days. So, NASDAQ will work with them very kindly and sympathize with them.

b. The company has legitimate lawsuit in federal court for unfair naked shorting. So the SEC and NASDAQ should also be responsible for this unfair and illegal practice.

c. If dilution stops I can see MULN easily climbing to over $1 without any help. IMO, they will climb over $1 without a RS and likely before the hearing.

In Summary, I don’t really see the slightest possibility for delisting.

Having said the above, I do sympathize with the negative views by those who lost a lot of me here. Investors were hit really hard by the two RS. I am a new investor in MULN. I lost $3K here earlier after the 1st RS but exited before the 2nd RS. Now I have a bigger entry, but my average loss as of Friday is 12.5%.

NASDAQ works with companies and don’t work against them. It’s a process that is subject to negotiations and circumstances. Take an example $IDEX. They appealed after two extensions and the hearing panel worked with them to execute a plan and stay listed. They gave more than three additional months by not making a decision. Based on Mullen special circumstances and naked shorting they may grant them another 180 day extension or they may end up complying without the need for extension if dilution ends soon. As a last resort, MULN can do another RS if they have to but they will risk getting delisted with any future violation.

Transfer Agent update the OS today for as of 8/14 to reflect the OS reported in the 10Q, reflected the 112M increase as I reported earlier relative to August 11 and the 1 to 9 RS. Nothing really new other than a confirmation. Since August 11 the trading volume has reached over 1.8 billion shares. Hopefully, that is enough to absorb the dilution and for the stock to start climbing back up. The naked shorts won’t dare to touch it now.

You can pretty much do anything you want. The stock price is not influenced by this board and/or twitter. You just need to play it right to team up with the big boys. They drive the stock price. Remember that 1.7 billion shares traded since August 14.

You seem to be repeating what I am saying relative to dilution. But you don’t seem to get that conversions to common shares reduces derivative liability.

The company will NOT be delisted. Get your facts right. I tend to agree that the drop in share price is largely due to dilution. But, now I don’t see that risk moving forward at least for a year. The recent drop in share price after the latest 1 to 9 RS is also largely driven by dilution. But, now it is worth the risk. I know that many people have lost money here but I did not. I see this a a great opportunity. Naked shorting is real but this a tangential issue.

$MULN Timelines with NASDAQ

9/5: Staff Delisting
9/12: MULN appeal to hearing panel. MULN will automatically continue to be listed until the hearing panel makes a decision.
10/12-10/27: NASDAQ hearing

After above date, the hearing panel could grant another 180 days extension.…

— DewmBoom (@dewmboom) September 6, 2023

When the dilution stops and naked shorting under investigation, they can easily bring the share price over $1.

The biggest naked shorting heist. Listen to this youtube about NAKED shorting against MULN.

$MULN: Listen to the biggest heist in Naked Shorting. You will be amazed!👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼 https://t.co/wNAA578n0e

— DewmBoom (@dewmboom) September 5, 2023

I think you get that backward. These were already issued and now being converted to common. So, I expect the OS to go up and the derivative liability to go down. The stock has dropped because of share issuance and selling in addition to naked shorting. I expect the derivative liability to go down significantly. Stock price will easily be above $1 soon. There is plenty of time for continuous listing of at least a couple of months.

It is true that it does not impact on cash on hand and cash flow, but it does impact the number of common shares issued. As I stated, the number of shares between August 11 and August skyrocketed by 112M shares. These new shares were dumped into the market causing a share price drop after the last 1 to 9 RS on August 11. Hopefully by now they are absorbed because the number of shares traded since August 14 exceed 1B shares or more than factor of 10 the number of newly added shares to the float. Let’s see if we have any left this week. Also, this week some people will play a scare tactic due to the delisting notice that they need to appeal within 7 calendar days to stay listed on NASDAQ until the hearing panel make a decision in a couple of months from now. Hopefully by then, sp will be above $1 easily.

Scammers have made 100s of millions of dollars scamming people with this company. It is too bad for those who lost a lot of money. I took my risk on Friday to get in. The price may drop further on Tuesday due to NASDAQ delisting announcement, but I will add more tomorrow and this week because the delisting announcement has no value. See my other post here:

$MULN NASDAQ Delisting Notice Expected next week on September 5 is NOT a CONCERN.

The record shows that $MULN has been in noncompliance with the bid price since 9/7/2022. They got two 180 day extensions and they will get a delisting notice next week. The delisting will be…

— DewmBoom (@dewmboom) September 2, 2023

If they show that their derivative liabilities have gone down, they will indeed boom. The increase in share issuance must be related to the derivative liabilities!

I got in on Friday. Company issued 112M shares between August 11 and August 14. Since August 14, over one billion shares traded to absorb the dilution. I think Friday was a good timely entry but I could be wrong. What is encouraging is that the company has a decent amount of money.

Read About the Potential End of Dilution
while reducing derivative liability to increase working capital.

$MULN Important Observation for Shareholders that could explain the drop in share price.

The transfer Agent Updated the OS on August 11 to 71,486,200 to reflect the 1 to 9 reverse split.

Company in their 10Q reported an OS of 184,168,720, as of August 14

That is a difference…

— DewmBoom (@dewmboom) September 4, 2023

I am thinking closing next week if not earlier. Those could be commitment for the remainder of $2.5M raised for closing. Remember that they raised $500K preclosing with 1.3M shares of commitment.

My guess is that merger should be closing next week if not earlier. It’s just an educated guess on my part! $KOAN PEGASUS MERGER @Resonate_KOAN @og_tigress @ChaseMacTrades @KickoStocks https://t.co/la6V0CS7qV

— DewmBoom (@dewmboom) July 17, 2023

$KOAN: The highest trading volume we have seen so far is less than $100,000. Peanut money. This has NOT started yet. Completion and announcing the full merger will be Epic. Pegasus is a leader in the space with way too many deals, connections and dealerships.

The highest trading volume we have seen so far is less than $100,000. Peanut money. This has NOT started yet. Completion and announcing the full merger will be Epic. Pegasus is a leader in the space with way too many deals, connections and dealerships.

Take a Look at $KOAN Pegasus Dealer Network in the USA and one in Canada!https://t.co/ndflzrPjK5 pic.twitter.com/6inHnrVuDu

— DewmBoom (@dewmboom) June 29, 2023

$KOAN Pegasus has the Orion chassis for General Motors, $GM and Ford, $F . They have the Atlas chassis for Peterbilt, $PCAR, and the Valkyrie chassis for various options. https://t.co/mExHYpFK7T pic.twitter.com/GXuci8nW7i

Take a Look at $KOAN Pegasus Dealer Network in the USA and one in Canada!

$KOAN Pegasus has the Orion chassis for General Motors, $GM and Ford, $F . They have the Atlas chassis for Peterbilt, $PCAR, and the Valkyrie chassis for various options. https://t.co/mExHYpFK7T pic.twitter.com/GXuci8nW7i

— DewmBoom (@dewmboom) June 25, 2023

$KOAN Pegasus has the Orion chassis for General Motors, $GM and Ford, $F . They have the Atlas chassis for Peterbilt, $PCAR, and the Valkyrie chassis for various options.

$KOAN Pegasus has the Orion chassis for General Motors, $GM and Ford, $F . They have the Atlas chassis for Peterbilt, $PCAR, and the Valkyrie chassis for various options. https://t.co/mExHYpFK7T pic.twitter.com/GXuci8nW7i

— DewmBoom (@dewmboom) June 25, 2023

$KOAN PEGASUS LINEUP OFFERS….Do some DD on KOAN/PEGASUS. Market Cap is less than $10M.

PEGASUS will be worth Billions of dollars.

$KOAN PEGASUS LINEUP OFFERS….Do some DD on KOAN/PEGASUS https://t.co/1MasXx1qhs

— DewmBoom (@dewmboom) July 3, 2023