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Alias Born | 08/11/2021 |
Friday, August 04, 2023 2:47:54 PM
"Deliberate misinformation" is actually called disinformation. The poster you linked to seems uneducated and embittered at best. That being said, Cal experienced what everyone else experienced during the meeting, which was the audio cutting out at a key moment when the voting results for the reverse/split (R/S) were being announced. Was that deliberate? Well, it seems pretty sus to say the least. Regardless, in response to comments made during Cal's live stream, Cal reached out to DM and received confirmation that the R/S was in fact approved (which is still assumed to be true in lieu of a PR). In spite of that timely clarification, vile extremists from both ends of the sentiment spectrum, here and elsewhere, peddled lies and generally responded with pump-and-dump bulls saying "no R/S" while short-and-distort bears said "1:100 R/S imminent." Both sides were full of fecal matter and lied for financial gain while playing the game of deception for the sake of their respective agenda. What a circus. Evidence that bulls and bears, extremists anyhow, are equally wicked, greedy, and ultimately resemble each other. Neither cares about the truth and will lie for ill-gotten gain. Anyhow, since receiving that confirmation from DM, Cal has shifted sentiment toward being less bullish in favor of the truth. Cal has started calling attention to inconsistencies coming from DM, such as whether or not he voted and what degree of voting power he actually has. As of now, no one knows the potential R/S ratio although it's speculated that if it's 1:9 or less, the company will avoid breaking the Excessive Reverse Stock Split rule (not exceeding a cumulative total of 1:250 over a two-year period) and retain the right to R/S in the future if needed for NASDAQ compliance. The con to a 1:9 or less R/S ratio obviously is that shorts will do they thang and bang that MFer right back down to pennies. However, the net result could be the same (albeit after a longer period of time) if a more aggressive R/S ratio is chosen such as the maximum of 1:100 in this case. Either way, and I hope that even the most extreme bulls and bears can at least agree on this one thing, DM needs to stop talking and start delivering. The seemingly staged stock photos of finished vehicles and production sites are not cutting it, and shareholders (longs and shorts) are not even slightly convinced that fat, greasy bastard is honest or out for the best interests of retail investors.
TL;DR: Cal was confused alongside everyone else because extreme bulls and bears wanted to capitalize on the disarray they helped cause for ill-gotten gain. Cal steadfastly confirmed from DM that the R/S was in fact approved. As of this post, the ratio is unknown (no official PR, although one may surface around market close today). A 1:9 or less ratio could be good, could be bad, but is necessary to stay above $1 (perhaps briefly) and will allow a future R/S if necessary for NASDAQ compliance. A ratio >= 1:10 will not allow a future R/S if needed for NASDAQ compliance, and a more aggressive ratio (such as 1:100) will only scaffold the PPS temporarily if DM doesn't start convincing shareholders that $MULN is a legitimate business. In other words, DM needs to STFU and start generating profits (not just revenue and/or lip service). Finally, DM is a fat, greasy bastard, but hey... we all have our struggles.
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