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DBMM
Lawsuit against Large Brokerage Firms in Abusive Short Selling Scheme.
EV manufacturer, announces today that the Company has filed a lawsuit in the United States District Court, in the Southern District of New York, against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that these broker-dealers engaged in a scheme to manipulate the share price of the Company’s securities. This lawsuit seeks compensatory damages and injunctive relief from Defendants arising from their unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934.
David Michery, CEO and chairman of Mullen, stated: “MULN is one of the largest traded stocks on the NASDAQ, and it has seen a precipitous decline in value despite announcements highlighting many Company successes. I have been extremely frustrated by the performance of our stock and long-suspected illegal short-selling activities. That is why we engaged Share Intel and the law firms of Christian Attar and Warshaw Burstein to investigate this matter further to protect the Company and its loyal shareholder base. I am hopeful that this lawsuit sends a clear and unequivocal message to anyone considering any form of illegal trading of Mullen stock. Our company has a zero-tolerance approach when it comes to manipulative trading practices. We believe the Company and its shareholders have been significantly harmed by certain traders and their brokers and market makers, such as the named Defendants in the lawsuit, that have facilitated this unlawful conduct. Rest assured, we will use all legal measures at our disposal to stop illegal trading activities and to protect the Company and its shareholders.”
Wes Christian, Senior Partner at Christian Attar, commented: “My law firm and my co-counsel, Alan Pollack, from Warshaw Burstein, together with our team of experts and analysts, are committed to representing companies like Mullen who are targets of dishonest broker-dealers who employ schemes and devices to manipulate the share price of their companies securities. The Mullen lawsuit involves concerted efforts by the Defendants to destroy Mullen’s share price by engaging in an abusive short-selling scheme. This scheme was intended to inject false and misleading information about Mullen into the market, which has caused many shareholders to sell their investments in Mullen. Like our client, we are committed to protecting the rights and interests of their shareholders who we believe have been victimized by unscrupulous broker-dealers who have perpetrated fraud on the marketplace.”
tlo.
DBMM
I thought you would like it.
tlo.
AMC
Criminal how they just took it down massively in seconds.
tlo.
MTRT
In other words you have nothing.
tlo.
DBMM
The phoney dip before the rip.
tlo.
VPLM
You are trying to create a scenario that only exists in your head atm.
Try and learn to be a bit more patient, otherwise I am going to have to get my big stick out
and put you on ignore also. First and last warning!.
Ultra bullish for VPLM. The rest is inconsequential.
tlo.
SPOM
How likely is that?.
tlo.
VPLM
"There are other huge rumors and I'm very excited for our prospects.."
If your saying it, I am excited too. Patience is a virtue.
tlo.
DBMM
You must be #21 if I am not mistaken. Better get busy, you got a lot of catching up to do.
tlo.
ARAT
It is a nothingburger.
tlo.
DBMM
Your OUT so you have a vested interest in predicting doom and gloom
so you can reload on the cheap. Not going to happen, your opinion is worthless.
tlo.
NLST
Doom and gloomers taking over. What a bunch of woosies some of you are.
If you do not have patience then FO, and go to another stock, no sense in hanging around here.
tlo.
DBMM
Sounds good to me. This could go sky high very quickly if FOMO kicks in.
tlo.
VPLM
Yet another moronic post. Iggie is busy.
tlo.
VPLM
Ditto, not many left now showing, LOL!.
tlo.
XNNHQ
What are you talking about?
The OS, Auth, and Float are exactly the same as before.
This will move bigly when the time comes.
tlo.
VPLM
Yes, way out of date:
VPLM Security Details
Share Structure
Market Cap Market Cap
126,209,985
07/11/2023
Authorized Shares
5,000,000,000
06/15/2023
Outstanding Shares
2,731,817,863
06/15/2023
Restricted
1,581,098,874
06/15/2023
Unrestricted
1,150,718,989
06/15/2023
Held at DTC
962,247,227
06/15/2023
Float
831,342,791
09/30/2022
SPOM
Already loaded. If I get more dry powder will add.
tlo.
DBMM
Your right, too many court cases going on atm.
Hard to keep track. Thats my excuse, lol.
tlo.
SPOM
OK thanks.
tlo.
SPOM
When is the next Q due?.
tlo.
NLST
Here we go, algo has kicked in now, cannot have the stock going up now can we, got to
have that downside liquidity.
tlo.
DBMM
NCSWIC.
tlo.
NLST
Must be good news leaked.
tlo.
DBMM
Meanwhile:
At the Alpine trial, someone set off the fire alarm and court was recessed. Desperation in play
tlo.
DBMM
For those sitting on the fence:
DBMM
Agree.
p.s. someone stuck it to the shorts in the last seconds. LMAO.
tlo.
DBMM
We already had the implosion. We await the other.
tlo.
VPLM
Just joined us today to help celelebrate VPLM's future success?
tlo.
DBMM
NSCC new rule will force the Naked Shorters to cover their Naked Shorted stocks without crashing the entire market
This is major news and will of course include our beloved DBMM.
Hold on to your hat everyone, we have got this covered (pun intended) every which way now.
Just HODL your DBMM shares because NCSWIC.
DBMM
No powder today.
tlo.
VPLM
I like your less than nothing.
tlo.
DBMM
OMG!
Only 17miles away!!! We got ourselves a confirmed conspiracy here no doubt.
LMAO!!!
tlo.
VPLM
"STIPULATION TO DISMISS
All matters in dispute between the parties to the above entitled cause having been satisfactorily comprised and settled:"
Sounds a whole lot better++++++++++
tlo
VPLM
Also nothing stopping VPLM suing the remainder of the 62 companies
(excl CA) in the very near future, once we have a victory ($$$/Lic.) or 2 under our belt.
The landscape can/will change rapidly. We ain't seen nothing yet.
tlo.
DBMM
Ah yes, been in that spot many times.
tlo.
DBMM
It's good that you bought DBMM your on a real winner.
My point though was to get it above the 1c mark (the ask) to support the stock in
its bid to qualify for the OTCQB. If it goes below a cent at close tomorrow or the next day
at least I tried. It was not the first time and it will not be the last, playing the MM's at their own game is fun. We all make $$$$$ if we can kick off the MOASS sooner rather than later. Glad your in though, welcome.
tlo.
DBMM
I got in at 0.0102 at 3.57pm deliberately, with only 8000 shares to
maintain the 0.01 price. You can never have too many DBMM shares.
Amazingly it stayed at that price for the duration.
tlo.
VPLM
TY.
tlo.
VPLM
Called it.
thelimeyone
Re: ButtersOnARoll post# 117262
Monday, May 22, 2023 1:45:29 PM
Post# of 118342
VPLM
100% agree, and here is something else that few have considered.
NLS* are in a similar position, all their cases in NDC are stayed pending
the outcome of TX. The jury in TX has already awarded them $300M, with up to
3 times that possible with more patents looking very favourable to come. Gilstrap and Albright are quite formidable. Both are for settlements rather than trials. Could be a complete landslide. My point is TX rulings on both stocks may ultimately make
NDC mute and irrelevent. That is my personal opinion and that or something similar is what I believe is going to play out here in time. Call it a hunch.
tlo.