I believe that on appeal to Nasdaq they would look at the May 1:25 reverse split and then the price falling to $0.10 as the inability to main compliance of $1.00.
Then another 1:9 reverse split and still not maintain compliance for at least 10 days.
Then the coup de grâce is a stock repurchase or Buyback that isn't done with profits - it shows desperation on the part of Mullen.
Do you believe that Nasdaq will look at everything since the initial notice from Nasdaq.