Mullen Automotive Inc (MULN): Michery is simply trying to pin blame on...

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TenKay

Re: shamalamadingdong post# 66411

Thursday, 09/28/2023 10:14:37 AM

Thursday, September 28, 2023 10:14:37 AM

Michery is simply trying to pin blame on some nonsense claims of illegal shorting when the stock price drop can be entirely attributed to dilution.

You are also ignoring the fact that the share purchase agreement allowed for shorting AND naked shorting by the financiers in anticipation of the share issuances to be sued to cover or deliver the stock.

In the case of a naked short they had 35 days to deliver the shares otherwise a buyin would be forced.

The share price drop is entirely due to the dilutive issuances and the shorting done by the financiers to get the stock into the market.

Even a 10 year can see that. 😉

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