Mullen Automotive Inc (MULN)

[B RY]

What's important to understand about private equity financing is MULN received their loan money at least 6 months(depending on the contract) before the asset shares become unrestricted each loan period. If David eased up on the loans knowing he has the money necessary to finance operations from multiple loan agreements, then we are seeing a curtail of the amount of unrestricted shares left to sell. As I said earlier David understands the dilution from the sale of shares due to financing very well. He also knows the importance of staying nasdaq compliant. A reverse split would distroy his shareholder base and isn't necessary anyway. All he needed to do is ease up on the toxic financing and investor interest will send MULN back over $1 in plenty of time to stay nasdaq compliant. He still has time on his side so I'll just keep eating popcorn and wait patiently to see if .32 is the bottom or not.