Mullen Automotive Inc (MULN)

[TenKay]

Baseless lawsuits are filed all the time in the US.

Until defendants are forced to pay defense costs as routine instead of rare exceptions in limited jurisdictions…that will continue.

Settlements for cost of defense is also very common despite the fact the claim is weak…so they mean nothing.

And I have seen the supposed “evidence” in the claim. It is a lot of made up crap that is meant to sound ominous but it is nonsense.

Worth the read:

https://www.forbes.com/sites/brandonkochkodin/2023/06/22/the-loony-conspiracy-theory-threatening-wall-street/?sh=b6fd5024ba1c

Besides, the irony in all this is that the naked shorting that was done …was by the financiers themselves which they were EXPLICITLY allowed to do and the share purchase agreement disclosure SPECIFICALLY warned of it.

People keep falling for Michery’s nonsense.

Those of us who actually understand how this works called this along time ago BEFORE the stock dropped more than 99.9%.