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TenKay

10/03/23 4:01 PM

#66628 RE: shamalamadingdong #66623

If they try using the nonsense they put in the lawsuit to somehow justify the Reverse Splits, Nasdaq will laugh them out of the room.

As in…it could possibly make things worse by treating the Nasdaq Hearing Board like some group of gullible penny stock players.
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I-Glow

10/03/23 4:20 PM

#66631 RE: shamalamadingdong #66623

You are discounting the dilution. And the reverse splits devastated shareholders.

Nasdaq has already granted Mullen 2 - 180 day extensions to become compliant and they haven't.

If there was so much naked shorting why isn't Mullen listed on the Reg SHO Threshold List?

Michery has failed as the CEO of 5 other PubCos and now has failed at the 6th - but the Nefarious shorters are used as a excuse not a reason.

IG
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I-Glow

10/03/23 4:30 PM

#66632 RE: shamalamadingdong #66623

The second reverse split didn't put Mullen in compliance for 10 consecutive days.

"This second reverse split decreased Mullen’s outstanding shares from approximately 1.8 billion to 181 million. This reverse split also restored the price of Mullen’s share price above $1.00, putting its share price back into compliance with Nasdaq listing requirements. Pages 1 through 4 of the Lawsuit. https://storage.courtlistener.com/recap/gov.uscourts.nysd.605311/gov.uscourts.nysd.605311.1.0.pdf"

Did you read and understand the complaint - because Wes Christian is a charlatan as described by Forbes.

"The Loony Conspiracy Theory Threatening Wall Street. Jun 22, 2023,06:30am EDT

Naked short-selling is a thing. Actually, it really isn’t. But that hasn’t stopped a group of hucksters, led by a cynical lawyer, from conjuring an excuse for meme-stock collapses — and creating a community now talking up violence against anyone in their way.

Wes Christian, like most true believers, talks with the kind of black-and-white assurance that rarely exists in our complicated world. Rather than religion or politics, Christian focuses on Wall Street, specifically meme stocks and other high-fliers that tend to fall from the sky because of pesky things like underlying financials. Christian sees another culprit: the big trading houses who’ve “figured out a way,” he says, “to make more money killing companies than building them.”

Yes indeed, those pesky Mullen financials.

IG