Mullen Automotive Inc (MULN)

[SmellMyFinger]

A reverse/split may reduce the margin requirement, but it also entices shorts to increase risk by adding to their short position. Apart from a bankruptcy, that short position will eventually need to be covered in full in order to minimize parasitic drain from the CTB. A delisting is just one of many ways to try and make the position cheaper to cover.

What I can agree with you on however is that DM has a lot to prove. The onus is on him. While corruption abounds in the stock market and naked shorting is rampant, too many CEOs nowadays are decrying the aforementioned in lieu of building the business and generating profits. I don't know how many CEOs I've heard over the past year threaten to address FTDs with ShareIntel while not focusing enough on making the company worthy of investing in.