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MULN Stock: Yet Another Reverse doing split after split, inorganically inflating its stock price, while simultaneously diluting shareholders via the massive issuances of new shares. Of course, occasional short squeezes perfectly into the toxic category the stock price temporarily simply. From my perspective, this vicious short-term pops in MULN stock diluting completely destroys shareholder value, its downward slide toward irrelevance.
Of course, this move clearly cycle of reverse splitting and a desperate downward spiral and grasping at straws to prop stock worthless over the long-term.
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1:100: Devastating MULN Reverse Stock Split?Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (�EV�) manufacturer, announced that it will effect a 1-for reverse stock. The good news: Responding positively to a petition from Mullen, the Nasdaq stock exchange has granted the company a day grace extension on. Mullen Automotive Inc (NASDAQ: MULN) just announced a 1-for reverse stock split. Its shares are trading at a new low of $ at writing.
