$Mullen Automotive (MULN.US)$ Can anybody confirm if there i...
Can anybody confirm if there is any truth to the claim that DM will not be seeking either the RS OR the increase to 5 billion shares ?
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GesusMunz : I'm wondering the same thing
70205719 : actually ceo DM wants to have dilution to 5 billion shares indeed, then he can get free mega shares again, making easy money! RS is SEC issue.
GreenDay : Further dilution will send this stock to the pinks.
An RS is the only hope of keeping this stock from getting delisted.
Dwight Silva9 : Why no either rs or increase 5 billion.
71306807OP : Seems that the Delaware court has to ratify the Mullen share count used in last summer's voting . So it will not be possible to effect any new voting decisions made prior to this ratification ,
Jan 23rd. poss.
Vote may be held re RS and dilution , but both may not be instigated .
current OS is 1.7 billion and only enough finance for this year...so where will Mullen get finance?
71306807OP GreenDay: No , getting product to market is the way forward.
This fight should be fought , not by traders but by the folls who actually produce.