Mullen Automotive Inc (MULN): “How to hell can you do a reverse split...

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TenKay

Re: Dingbatt post# 69578

Friday, 12/29/2023 6:40:45 PM

Friday, December 29, 2023 6:40:45 PM

“How to hell can you do a reverse split on a short the short needs to be fully closed out before any reverse split because it has been loaned out the short should not be allowed to reverse because it does not exist reversing both is a double reverse“

LOL…the idea that a short position has to be covered because of a RS is a myth…particularly prevalent on the OTC. A short position survives an RS and simply is reduced by the RS ratio. For example in the case of Mullen a short position of 1000 shares prior to the RS simply becomes a short position of 10 shares after the RS

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