You are over looking three critical elements that are unique to MULN
a. Meeting the bid price in their case is artificial now and has no value. NASDAQ needs their ass with their $225M. They also make a huge amount of money off their trading. Very few mid cap stocks trade at over $1B in 19 business days. So, NASDAQ will work with them very kindly and sympathize with them.
b. The company has legitimate lawsuit in federal court for unfair naked shorting. So the SEC and NASDAQ should also be responsible for this unfair and illegal practice.
c. If dilution stops I can see MULN easily climbing to over $1 without any help. IMO, they will climb over $1 without a RS and likely before the hearing.
In Summary, I don’t really see the slightest possibility for delisting.
Having said the above, I do sympathize with the negative views by those who lost a lot of me here. Investors were hit really hard by the two RS. I am a new investor in MULN. I lost $3K here earlier after the 1st RS but exited before the 2nd RS. Now I have a bigger entry, but my average loss as of Friday is 12.5%.
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