Mullen Automotive Inc (MULN): Who said they did? We are talking about...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	400
Posts	48613
Boards Moderated	0
Alias Born	06/20/2011

TenKay

Re: shamalamadingdong post# 65709

Monday, 09/11/2023 10:40:14 AM

Monday, September 11, 2023 10:40:14 AM

Who said they did? We are talking about a drop in value and how that is calculated.

I know you understand this…but in case you really don’t…

Let’s look at it another way.

When the stock was at $2.66 per share prior to the split…if someone bought $600 worth they had 225 shares.

What do they have today? 1 share at $0.46. Their account value would be $0.46 cents.

That is over a 99.9% drop.

It’s just easier to do that calculation using SPLIT ADJUSTED prices.

But if $2.66 helps you sleep at night then continue with the fantasy.

This is like 5th grade type stuff.

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?