Mullen Automotive Inc (MULN)

[TenKay]

I will explain it once more.

The majority of the complaint alleges supposedly “illegal” activity or “fraud” by persons who received stock issuances from the company.

That stock would have been received by them and then sold into the market via a brokerage.

Hence the reason they say “or their customer accounts” in the complaint.

The ONLY people or entities that received stock from the company are those already known to Michery…his financiers primarily and perhaps others.

And he agreed in writing and filed with the SEC to let them do exactly what he alleges is illegal or fraud…so how on earth can it be fraud if he agreed to it?

And shorting against the box, as they did, is not illegal.

So he does not have a claim based on the facts as we know them, or the law.

I understand why some people want to ignore all that…but it’s there in the filings black and white.

I don’t think it will ever get to the point where he discloses the John Doe’s unless someone wants to be the sacrificial lamb with no real impact to them in the settlement. Heck some of them may even being using the hype of this lawsuit to sell more…although the stock price has not responded the way some have hoped.