Mullen Automotive Inc (MULN)

[TenKay]

“Financiers are not TD Ameritrade, Charles Schwab, National Finance Services, and others.“

Of course they aren’t…but they are “customers” of some brokerage.

So let me give you one concrete example of what I am talking about with the ridiculous nature of the claims.

This is from the very beginning of the claim.

In furtherance of their scheme, Defendants and the John Doe Defendants unlawfully: (1) sold fictitious Mullen shares in advance of the issuance of new shares by the Company for either their own proprietary accounts or their customers’ accounts

Compare that with this from the Prospectus for the share issuances the company made referenced above.

The Selling Stockholders may participate in short sales of our Common Stock. They may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of Common Stock in the course of hedging in positions they assume. The Selling Stockholders may also sell shares of Common Stock short and deliver shares of Common Stock covered by this prospectus to close out short positions and to return borrowed shares in connection with such short sales. The Selling Stockholders may also loan or pledge shares of Common Stock to broker-dealers that in turn may sell such shares. Such activity could cause a decline in the market price of the shares of our Common Stock

I don’t need to point out the contradiction, inconsistency, and farce that the claim therefore is.

Anyone reading the above can see for themselves.