Mullen Automotive Inc (MULN)

[TenKay]

I have already addressed this one. And once again Wes is making something rather mundane and the normal course to sound nefarious.

So let’s cover it again.

Newly issued free trading stock does not show up as a DTC deposit until it has been first sold into the market. I could provide a detailed explanation as to why, but I doubt it would get anywhere…lol.

Therefore the DTC deposits are going to be less than a Broadridge reported share count or any count of non-restricted stock…especially while it is being issued…as there is a lag. The difference in the numbers is simply the amount of issued stock that has not been sold into the market.

Go look at OTC Markets where share structures are regularly reported now. You will not find a single instance of the DTC deposits being more than the unrestricted share count…and usually it is less.

This claim is therefore just more bullshit to dupe the believers and deflect from the real culprit.