Sunday, April 03, 2022 8:36:38 AM
Keeping it real brother. In about 17 calendar days (I estimate April 15 or 18) selling should end and thereafter we should see 13-G filings to show their remaining holdings.
Tom, thanks for the praise. Toxic lenders are not logical nor long term like you and I. They don’t care about deals with “major, major Fortune 500” company’s. They got their debt converted to common at very favorable terms (read the filings again going back to mid 2021) and now that their shares are registered with the SEC, they’re able to sell into the volume. And that’s what we saw in the last 4 weeks. Thankfully, retail bought up the shares and the price hung in there.
It’s going to be an interesting Q2 and 2H 2022. Let’s hope these toxic lenders don’t manipulate the price down to the $1.40 gap before they let it run big. News comes at the bottom and not the top. With that said, my next wave target is about $14 which should be a $4B market cap for $MULN.
JMO
Tom, thanks for the praise. Toxic lenders are not logical nor long term like you and I. They don’t care about deals with “major, major Fortune 500” company’s. They got their debt converted to common at very favorable terms (read the filings again going back to mid 2021) and now that their shares are registered with the SEC, they’re able to sell into the volume. And that’s what we saw in the last 4 weeks. Thankfully, retail bought up the shares and the price hung in there.
It’s going to be an interesting Q2 and 2H 2022. Let’s hope these toxic lenders don’t manipulate the price down to the $1.40 gap before they let it run big. News comes at the bottom and not the top. With that said, my next wave target is about $14 which should be a $4B market cap for $MULN.
JMO
My posts are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor.
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