Mullen Automotive Inc (MULN)

[TenKay]

“Why does it have to be either/or as opposed to both/and? Yes, shorting is legal but naked shorting is not; both have contributed to lowering the PPS to where multiple reverse/splits were needed to remain NASDAQ compliant“

Naked shorting is not illegal. Abusive naked shorting is.

Most, if not all, of the “naked shorting” of MULN was done by the financiers in advance of a dilutive issuance. That is not illegal and not “abusive”.

In fact, MULN’s Prospectus specifically allows it in the conversions/issuances and warns investors about it.

It was simply a way to get dilution into the market.

So the primary issue has only ever been dilution.

Besides, the changes in FTD’s (increases when they happened) were never significant enough relative to overall volume to be a meaningful component of the price drops.