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TenKay

03/18/24 1:47 PM

#70624 RE: eliminate #70621

Nobody is going to buy this out. The most likely scenario is that his financing starts to dry up and he has to slash costs making this an essentially a dormant company. If he does end up in bankruptcy the current common shareholders will end up with nothing.

Michery will walk away with tens of millions since the get go.

Can’t say people weren’t warned.
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I-Glow

03/18/24 3:03 PM

#70626 RE: eliminate #70621

I was involved with a company on Nasdaq and we were approached by a person about taking the company private.

It was actually very complex deal. And the person never bought a single share on the open market.

I don't know of anyone bought shares on the open market to gain control of the company.

But I bet TK knows the feasibility of doing what you suggest.

I don't understand why any company would buy Mullen. Once again TK knows if the Michery is using Voo-Doo accounting.

IG