Replies to post #19426 on Mullen Automotive Inc (MULN)

[Arnold25764]

This is a pretty big update. $MULN on very close watch.

[Smilin_B]

You are 100% correct in stating that institutions, mutual funds and large firms have to own stocks that are in the Russell indexes. They don't necessarily have to own Mullen per se, but those firms that have been watching this stocks recovery and reversal, have been prohibited from purchasing because the equity is trading below $5 per share. This now gives them the opportunity to purchase a sub $5 asset class because it has made the Russell 2000 Index