To be in compliance Mullen has to be $1 or above for 10 consecutive days.
From Nasdaq:
"How does a company regain compliance with the minimum bid price requirement?
In order to regain compliance with the minimum bid price requirement, a security must have a closing bid price of $1.00 or more for 10 consecutive business days."
As you can see Mullen has never been in compliance since the first 180 days - and Mullen was given another 180 and they still aren't in compliance.
"If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements."
"Every day they were above $1.00, they were back in compliance with the NASDAQ minimum Bid; saying they weren't is just plain stupid and not reality. The price didn't stay above $1.00 for long because of nefarious manipulation."
It is as you would say - "saying they weren't is just plain stupid and not reality" - so according to Nasdaq you are the one living in altered state of reality. And didn't do any research before posting more lunacy.
The price didn't stay above $1 because of dilution and the investors who had been duped by Michery. I agree Michery has been involved in a nefarious share selling scheme.
The lawsuit was for pumping purposes only - Wes Christian is a serial scammer also - I am certain that Michery paid Christian with stock and Christian will dump it.
IG
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