Hello, hello, it is a fancy shirt friday and on this particular fancy shirt friday, we are going to be discussing something that's been going on in the stonk market. Now i know world's the world's been crazy. Lately i mean we have some insane stuff going on with ukraine with putin's invasion. We have some crazy stuff going on a macroeconomic level here with monetary policy, the apes.

Recently we have all these docs and shows coming out all this is going on and there's been another little cherry on the top situation lately that cherry on the top has been a stock that, over the past two ish weeks, more and more people have been talking About and it's showing a lot of signs of, you see the title market manipulation, but this one it's an interesting story, not just manipulation but potentially fraud straight up, craziness insanity and we're at the point where there's still some eyebrow raising questions, to say the least. The stock i'm talking about is mullen automotive, ticker, symbol m-u-l-n. If you haven't heard about it, everything you're about to hear will drop your jaw to the ground, because this is truly truly an insane case. So what i want to do is give you kind of a rundown, the highest level view of what this company is, and then we have a special guest, aka, true demon.

If you want to find his information, it's in the description of the video, he is on right now and he's going to give us not only a rundown to bring you up to speed, but today alone there is new, more insane breaking information of what, in the Hell is going on so with all that being said, let me switch over right here just to give you the high level rundown that we're going to bring td on, so you guys can really know what's happening in this scenario. So, first of all, m-u-l-n, currently trading at 77 cents recently had a run up to almost two dollars. Its volume is 140 million, which is definitely impressive. When you consider the fact that it has an outstanding share count of 35 million and a free flow of just below 20 million for those of you who want to know the specifics about its other, like data points, it is at a short interest of 17.4, a Utilization of 70 and shares on loan a 4.38 mill before we get into the specifics of what the company is.

I want you to know nothing you're about to hear is financial advice, literally not one sentence, not one word should ever be construed as a buy signal. A sell signal, a whole signal, and just so you know, i have no position and i plan on having no position. I am not long or short in any manner on muln. This is just the start of a dd.

This is for entertainment purposes, and really this is for you to be like okay, we have more research to dive into. I want to make that explicitly clear now that we got that out of the way here's m-u-l-n mullen automotive. It is an ev play about it. If you look at it, they have a fancy timeline and very very thing.

That's been going on and started in 2014 by this guy david mischeri, the ceo and founder. So that's what you need to know right now. It's a penny stock, that's being shorted! It's in the ev space and it's really caught in the eye of some retail traders and or investors over about the past two weeks and you're, seeing that by the explosion in trading volume - and there is some other. The best way i could put it is sus stuff going on in the background, but the person who can best explain all this insanity is true demon.

Let me get all this going right now, just so you guys can hear him loud and clear. Now, true demon, can you hear me right now, buddy yeah, i can how you doing man great, and i believe everyone can also hear you - i'm just bouncing out some of the audio levels. So um, please i'm not sure if you heard me or not, but was that a proper introduction for mullin automotive, at least for what's been going over the past two weeks now that pretty much sums it up yeah there's there's a lot of shadiness going on between Uh between some perceived dilutions and uh and their stock price, and the weird sell-off almost like perfect linear, uh selling uh, is the best way i can describe it and also sudden market maker involvement in the form of short exempts just out of nowhere um. It all got really interesting really quickly, all right so before we get into the newest developments, and i believe you kind of have a let's call it like a cat out of a bag statement for all of us in a little bit.

Give us um, tease us a little bit of how we even got here so like how did it catch your eye and then what are some of the things that jumped out at you and i'm really alluding to the uh short exempt training numbers uh. Can you give us the rundown of like how this even got onto your radar and then, obviously we will pivot into the newest stuff? Certainly um. Well, the short exempt stuff is something that i've been studying for quite a long time short exempt. If your viewers are new to the idea is a short which is exempt from the reg show filing requirements uh it's exempt from the uptick rule during ssr, and it's also exempt from the locate rule, and it's only afforded to market makers for quote bona fide market Making activity thing is: is that short exempts when they are excessively high? They can't always be located, especially during high volatility.

So when you see massive spikes in short exempt volume, it's usually an indicator that many of them have not been located and are therefore naked short. Now they become failures to deliver after they have failed to locate after t plus four, and then they must be covered those ftds in order to avoid trading restrictions and borrowing restrictions on behalf of the market maker after t plus six. So all that together, i looked at this data for amc, gme, sprt, bbig and a ton of other stocks that have squeezed in the past and every single one of them throws signals in the form of short exempts when the market maker starts getting involved. What happened with mullen, though, is so extreme that i've never seen it in this uh at these numbers before uh, when i first when it first got my attention, it was brought to me by an individual by the name of luckiest sevens who's.

A member of our discord at hell's trading, floor and uh he's he's big on bbi g stock, but he pointed this one out to me and told me all about uh. Hey this one looks really weird um volatility and volume is getting really high, and i looked at the short exempts because it's one of the first things i do when i'm looking at a squeeze stock and it had at the time it had a float of 20 Million shares - and there were more than 4.2 million short exempts in a single trading day on february the 22nd we have a chart or a table. I should say that you can pull up on your stream here, uh in our chat but uh, that that is what got my attention immediately when we uh when we first started looking at it. Since then, the short exams haven't really let up and by their very nature, are supposed to be a rare circumstance.

So, on the day of the actual big move, when mullen went up to uh nearly two dollars, there were more than 22.49 million short exempts in that one day more than the float that was being traded at the time now. I was thinking a lot about this because uh just so everyone listening knows like i've been following this a little bit and definitely using the data sources. That td has been providing here um i was, and i i've left this question out to uh some of the people. I know that actually work at exchanges and i'm trying to wrap my head around of cause to me.

The first way i think about this is okay, just let's say for the ease of numbers. Let's say a stock has uh a hundred shares that could be traded well. I was thinking okay if they are all sold in a short exempt scenario, and before i go like on too much of a divergent argument here, crazy thing for you and everyone listening when i was talking to my buddy that works out in exchange, he was saying The people for those of you who really don't know about short exempt it's going to be something that's sold when the rest of the market isn't selling selling right now because of ssr short sale restriction. Make sure you give that a google, but what's crazy, is market makers are allowed to sell in uh, i suppose environments that are deemed to be appropriate.

The kicker, what my buddy, that works at an exchange was explaining to me, is they're the ones who get to define if it's an appropriate as in their their own self-regulation. In this scenario, which is just crazy to begin with so like hey, is it appropriate, uh? Yeah, i think it is and they're the ones doing it like they just ask themselves and anyway, with this number, so let's just say - and this number i believe we have a free flow of 19.8. This is coming in at 22.5. So, let's just say the number is 100 just because that's easier to work with, i was trying to game it out in one day, if i'm selling something selling something selling something, i don't think, there's a work around in the sense that it could be bought back There like they sold and we already bought back because then that should drive the short exempt back down, like i don't think they're, cumulatively, adding it up for the day.

I believe it's net. At the end of the day, um the only workaround i could come up with in my own mind where this number isn't just like jaw-droppingly disgusting is, if it's not if it is cumulative and like they're, like oh okay like and whatever we bounce it out, but I don't think that's how it works. I believe it's at the end of the day. It's net, do you know anything about that of, like typically of how they account it yeah.

The anything that you see here this is this is data, that's sourced from finra and it's volume on the day. So it's it's. This is reported daily about two hours after the closing bell, so volume short volume short exempt volume, that's just the volume! For that day, it's not cumulative uh, it's just during the trading period, and the thing is. But what can happen is that these short exempts they, because the market maker is able to hold them for four days before they fail to deliver.

They can accumulate a net short position using this, and this is kind of like the rub here. That really makes this sketchy. Is that you, you understand? Market makers are not allowed to take a short position like they cannot take a net short position or a net long position for that matter. Yeah they're not meant to take directional posts, uh positions.

They are supposed to be an impartial entity, that's providing liquidity to the market and facilitating the trades and that's what the short exempts are supposed to be for. But what can happen is if the market maker is already aware that the stock is going to go down because they're working with somebody who is basically sabotaging the company or if they're aware that somebody is going to make a big short bet. Then the market maker can use short, exempts to facilitate the trades and say we'll get that to you later in, like maybe four days and they hold on to that, and then what they can do is on that. Fourth or the sixth day, if they're really pushing it, they, they can finally buy back after the stock's been crushed and they keep that money from the difference.

The same way as you would with the short, but because of the market, maker's unique position with a short exempt. They don't have to locate the share and, as you said, they have their own internal policy where they get to say we feel it was justified. Do something about it and it requires an sec audit for there to be any consequences, which is not a regularly scheduled thing and, in fact, is very rare, so right here, uh if we do take this path, that it is being uh well, we actually know from The short exempts it's being sold a lot, but that also in a certain sense, could insinuate that there is being uh there's a desire for people to buy, because if they are going to short exempt, sell 22.5 million shares. That means someone had to buy 22.5 million shares, or by someone i mean, like kind of more of the editorial someone like a group in totality there was that much buying, and this where i'm going with this relates to one of your more recent videos entitled mullin Investigation recap and highlights, and you're basically saying um.

Well, actually, i'm not going to paraphrase it. Could you give us a rundown on my screen right now, i have your depiction of like the individual entities that are buying the nine plus percent yeah. Absolutely so. First, i kind of have to explain what the s3 is, which is the that is the share offering or the shelf offering for the total number of authorized shares that mullen has on the table.

Um and mullen is it. This is well known, but mullin's, not in a very good financial situation. They've had to take on a lot of debt in the form of loans and they are working with a financing, firm, called isuzu holdings. Now souza they've got a long.

Shady history, but we'll get to that in a minute. Um asusa provided an equity equity line of credit for 30 million dollars, as well as a financing agreement and purchased warrants from mullen that have an exercise price of eight dollars and 84 cents. So all that together, asusa has the ability to purchase a lot of shares for very, very cheap prices like as low as 68.77, so super super cheap. The thing is, is that isuza is only allowed to hold 9.99 percent of the outstanding shares at a time.

The thing is, is that asusa is allowed to sell to partnering entities, and this is where things get really sketchy see. Asusa. If you look at all the entities below that, such as all global holdings, um, there's a having trouble reading the screen just a bit small but all of those entities, they they have a history, um drawbridge as well um and what has uh what what happens is Asusa they take out a 9.99 percent of the outstanding shares at a time and then they'll sell it to one of their partnering entities and then they'll go back to mullen and say hey. We want to buy 9.99 more shares and they do this back and forth.

They basically become a relay handing off 10 of mullen's total outstanding shares at a given time to these partnering entities and because they're all working together, they're all voting for the same thing. So what these entities can eventually do is they can take action collectively to vote for mullen to do things that will further devalue its stock and the reason why i feel confident saying that is because it's exactly what they've done in the past. If you look at all global holdings, they hold a company called digital power holdings which used to be digital power. Corporation digital power corporation got into this exact, same financing, agreement with asusa, and the same thing happened to them.

They kept getting diluted at 10. At a time, and they kept devaluing their stock and trying to get their debt covered and trying to get things working and it just nothing, nothing worked for them and the whole time these guys were being shorted and because these partners have it written into their contract. That they are allowed to short the company. It basically becomes like a souza is like a vampire.

That's constantly sucking the blood out of the company and then handing off uh the handing off the leftovers to its friends. It's uh. It's a really shady situation. That's uh! It it it's a parasitic relationship between these entities and the company that they're targeting and they've done this to multiple multiple companies.

Well, hey! Let me let me pause you there for a second, let's wrap our heads around this, so you have mullen up top here and then there's this basically horrific lone shark type, financial deal and they're always like these other sub companies on the bottom. Why would they want to own their trunk? The 9.9? Let's just call it 10. Why would they want to do it? Why would they want to be long on that and have that when they know it's being devalued like in this scenario, how are they profiting? So in this scenario, the entities are profiting by making a cheap acquisition, which is the whole point um okay, so they want to run it down, but even if they make the cheap acquisition, aren't they still at peril. The fact that they bought the stock at a higher price, not necessarily because they're just their focus, is on getting the equity of the company in order to take control of it see.

I can draw this example from digital power corporation. That was the exact thing that same thing that happened. All global holdings was the entity that ultimately absorbed them and they were able to acquire them. A company which was formerly trading at a market cap, roughly at 400 million dollars.

They acquired them for a total of 10 million dollar deal. Okay, so basically you're saying in the short term they're attempting to dilute dilute dilute that makes it an easier acquisition target. They acquire it and then basically, it runs back up exactly and because they're working with these other firms, which they're able to take control of simultaneously and they're working together when it comes to making voting decisions for the direction of the company and they're all on the Board of directors they all can they all get a cut of the pie. You know gotcha, okay, okay, so now that we're up to date on that, i guess uh, two specific things i want to take it from here.

If this is happening like i, i suppose in this case, how does retail win? Because, if they're doing it like, we just know, there's going to be a continuation of this extraordinary selling pressure that we've really seen like? Let's just take it from thanksgiving until now, just continually down down down and went from 14 to uh 76 cents. So what's the thing that turns the boat on this, so the thing that can happen is uh. It takes us back to the market maker. Ultimately, these companies - they they are shady players in this deal, but it would appear that they have some partnership, because if there's a market maker, that's involved in some way - and this is kind of i'm putting on my tin, foil hat here - um.

If there's a relationship between these companies because they have this history and they're well known and recognized, then as soon as you see these companies pop up as like. Oh we're financing a new partner and they name the ticker. Then the market maker is like, oh, that one's going to die soon, so the market maker starts doing this game with the short exempts and starting to try and scalp a trade as it's going down and kind of helping it along in its failure. So the thing is: is that the market maker, the short exempts, are the key to it.

They have over leveraged themselves to such a it's such it's such an over leveraged position. When you look at two 22.49 million shares short exempted, i'm not going to say that they're all fails to locate, but a lot of them probably are, and what what can happen is if all of those shares which were short, exempt, get purchased and held indefinitely, then It will create a supply crisis because, after t plus five, when those failures to deliver are due by the opening bell, then the market maker themselves get squeezed by being forced to purchase shares in order to meet their obligations because what they face, if they do not Close those failures to deliver is they face trading restrictions, they will not, they will not be able to uh trade. The mullen stock and uh facilitate the purchasing and the buying and they'll also be restricted from borrowing from their broker dealer, and that's are there options on mullan is that an active market? There is an active market uh in the options uh in the options market. Yes and uh, wouldn't they be able to kick that can down the road, though, if, in the scenario, two market makers played nice with each other like one of them could buy like, let's say deep in the money calls to like act as if they did have It and then just continually cycle that and then obviously one market micro is in a net deficit of let's call it like one unit, the current, like short exempt number uh, but couldn't they just cycle that back and forth until people stop paying attention to it, and Then, just like take care of it when they need to yes and that's the danger here is that the interest dies down and that uh it just is slowly forgotten see.

This is a game that has been played on at least six companies that we know of, but we're still digging currently and uh. That's exactly what happens. Is the stock gets crushed options provide the market maker with sufficient liquidity to continue to crush it? They continue collecting income and they continue shorting it and making money off of the difference and the uh and and around the carousel. We go.

It's just the same story all over again, so this sounds like just another continuation of a certain breed of. Let's call it manipulation, we've seen that's played out through short exams, ftds uh, really finding particular loopholes if market makers are going to play nice with you with each other and obviously that's a big if it's obviously theoretically possible - and this is one of the issues being On the retail side, especially because it takes forever to get information of who prompted the ft or the um short exempt, who prompted the ftd? How was it resolved? We don't get that information there, there's a giant lack of transparency in how this stuff is resolved. So with that, though uh i mean, obviously people like yourself and many others are currently calling this out and on the screen here. Let's look at this david mystery guy.

Is there something he can do about it, and i i guess more so uh you were alluding to before we hopped on this call that you have a development somewhat related to him and the team and more of like a structural thing. Can you give us a low down on who this guy is and do you think like he has enough information now to fight this? It's really up to him um and it's it's still up in the air whether he is uh, whether he's in a position to do anything because the terms of the financing agreements that he signed basically have tied his hands. The one thing that he can do is he can seek alternative financing through better a better provider. He can also seek out a subsidized loan which i believe was announced that he can actually seek out a subsidy subsidy from the government for uh.

I'm struggling to recall the figure. I think it was a little over 400 million dollars, but that would be a part of the bill back better program and the um and the subsidies for ev and and green companies in the green initiative. So that is one option that he has really. The only way to get out of this is to cover all of that debt and there's no other way to get around it see.

I do think that the company can be successful. I do think it is possible, but it must overcome this financing problem and there is, in my mind the possibility that if the company were to have a massive move in its price in the face of this market maker dilution, or rather the company's forced dilution at The hands of this financing agreement by asusa, in addition to the market makers having over leveraged themselves and causing a essentially a ftd squeeze, because this is one that we really haven't seen. Then it is possible to lift the price up enough to give them an opportunity to get out between finding better financing and providing an at the market offering at a preferred price. Then it is possible for them to escape this bad deal for david mickery.

It's up in the air as to whether he uh, whether he is aware or if he is uh, if he is competent enough to make those decisions um and we still have to. We still have to investigate further in order to prove anything one way or the other. As far as some of these entities that may be involved, gotcha um before we get a little bit more into david mccreery, i guess another question that someone just brought up in chat is uh, we're understanding, okay, like some of the metrics and that type of stuff, But i mean as a company i haven't done this deep dive and i'm sure you have is there tech good, or is this just another like uh kind of like piece of luck and coffee? That's kind of lying to us like? Is this an eevee company that even has a chance of succeeding? Well, they have demonstrated that they have the car and they do have a manufacturing operation that is, that is moving. They also do marketing for other companies uh, one of those being with shiantu, which is a chinese electric exotic car company that created the dragonfly k-50 and that's one.

That's an example of a actual product that they're selling they're marketing it. On behalf of a uh of a foreign provider, but the car does exist and the mullen5, which is their new flagship crossover, ebs ub, did actually perform on par with tesla um and we can pull up uh. We can pull up some of the um. We can pull up some of the information on that, but they did actually run the mullen five side by side with tesla's and uh and it it performed.

You know it. Actually, it's a real car like it's, not uh, it's not smoking mirrors and the car does work. It was at several auto shows and they have a working partnership with the dirt group who, if you are not aware, they uh, handle the manufacturing process and provide all the um all the pieces for assembly of cars to porsche and mercedes-benz out of germany. So they have some very enticing partnerships.

They've got good news going for them. They have plenty of reasons for the company to succeed and by all accounts they should be succeeding, but if they're being strangled and held underneath the waves by these malicious companies that are trying to just basically make a quick buck by giving them terrible financing, they'll never Get that chance and will never see whether it can be that successful company uh so yeah. The first thing i just pulled up an article for everyone, ev manufacturer mullen, announced his progress on solid-state polymer battery pack. Development data collected from solid-state cell testing shows impressive results, including a range of 600 plus miles on a full charge and over 300 miles of range delivered in 18 minutes with dc fast charging solid state polymer batteries are slated for second generation of the mullen 5 ev Crossover mullen and ark a leading german automotive engineering company announced this partnership for upcoming mullin 5ev crossover.

So all this stuff, like you said it seems very, very legitimate. They have these partnerships and all of that shouldn't i mean - and these are recent between december january february. These are all the articles we're going over um if for lack of a better word if it is being put into peril if it is being attacked by its current financing deal. Why like, why aren't we seeing someone else start up and be like hey like this? This is legitimate, like they're, getting like for lack of a better term here.

So, let's, let's hop in because anyone who helps them out of it they're getting a deal and they're just getting a slightly not as good deal as the people who are completely trying to screw them. So like shouldn't that be the ceo's argument with people of like hey, i signed this bad deal. You can buy us out we'll give you this equity in the company like we have a legit thing going on. Well, he's kind of got his hand tied hands tied there, because for one this financing deal.

He it's a loan like you, can't just get out of a loan, and - and you also can't make an appeal to shareholders to say - like buy our stock, to save us from bad financing like that. That's not something you just want to broadcast to the world, and the other part is that the guys that are taking the shares off of asus's hands as they're forcing the dilution? They are the majority shareholders. At this point, they have more of the shares uh than anybody else right now, and they can do with them what they want and most of those guys they're on the board of directors. So the ceo is more or less stuck like he doesn't really have any options he's ruled by these.

These colluding entities because they hold all the shares in the company. They are his shareholders and the ceo as to quote adam aaron, the shareholders own the company. They are the boss and he has to. He has to listen to the boss, how they've gone about it is essentially to force a hostile takeover by driving the company into the ground, and now his hands are tied.

So the only way out honestly is for him to get out of the financing deal, except that the board of directors that now hold majority control over the company are going to stay in control and possibly retail, have have retail bail out the company. From this situation. To prevent its total collapse and being completely absorbed by these malicious entities, so i mean just to cover all of our. I guess bases here in is there okay? Obviously, the financial situation especially getting started in 2014.

He was somehow put into a situation where he had to get this deal. So is the issue that his back was against the wall and he had to sign any deal that was like given his way or did he just almost get like shysted himself or is it more and i i'm in no way suggesting it's a legitimate question? Is there a way that if it goes to south, he can actually personally benefit off of it, like even more like what? What's the scenario here because, like i'm seeing very positive headlines, i'm seeing positivity i'm seeing it grow in the terms that retail is talking more and more about it. So to me, something's just like not adding up here and that's the struggle that we're having that we're. Having too, is that there's a lot of things that just aren't adding up and there's a lot of there's a lot of factors that are working against this company and what frustrates me personally is watching uh watching how everybody bought into this company on the uh.

On the belief when it ipoded like 13, that it could be a competitor with tesla and they just got washed out and now it's now trading below a dollar did this take over someone else's ticker because, like i'm saying reverse or it's like splits and stuff, and At 1.655, but that's back in 2013, it might have adopted someone else's ticker, and this could just be like a data problem. No actually mullen was a reverse merger, with uh nete, uh, net elements, inc and uh. You can follow this back further, but isuza also provided financing to nete and it was reverse merged into mullen. What i am finding is that mullen is kind of in the middle of a series of mergers by all of these different companies.

You could look at naked, which merged into centro ticker c-e-n-n net elements merged into mullen automotive, um and there's a few others there that you can go and follow down the uh. You can go and follow that rabbit hole. If you like it, it's a long one, but what uh that all that previous trading history, that you're seeing there that that comes from net element, gotcha gotcha. So it really seems like the central point.

The focal point is actually the financier asusa in this scenario and like and correct me if i'm wrong, but what you were even saying earlier is: this is not their first rodeo. This kind of seems to be like business as normal for them. Oh, yes, and if you know the history of the people that work for asusa you'll immediately understand why so the managing director, if you look at any of the sec filings with a signature for isuza between the financing on any of the companies that they've worked with All of the signatures are by a individual by the name of michael vock. Michael vock is a convicted felon who was tried for embezzlement when working at chase bank so he's restricted from trading.

However, his wife, rachel glicksman, is also a managing director at asusa and handles all of the trading and uh and stock deals on his behalf, and if you go even further than that, michael vox has a sister by the name of dalia harmon. She works for cobblestone cobblestone capital, but she also was a media relations officer at uh, the federal reserve, so there's some really deep and sketchy connections with isuza and there's many individuals, including michael vox himself, going all the way back to lehman brothers bank. Most of the individuals of those entities that you have that you have seen on that chart that i had created in my previous video. Almost every single one of them was a senior vp at lehman brothers and received pensions and uh and severance packages on their way out the door when it went belly up.

So this is seemingly and remember folks if you're listening, not financial advice, we are not lawyers. It's just the initial information that seems to be uncovered here. It seems like a group of really like hostile takeover predators. It seems like what we have going on, like their name in the game, is just to take over something that maybe they believe is worth more, but regardless they beat it down so much that on a relative basis, they know there's some sort of upside value right And i don't think that it's a coincidence that asusa holds warrants on this company which have an exercise price of eight dollars and 84 cents.

As a matter of fact, those warrants account for, i believe, more than 30 percent of the outstanding shares, as of their latest s3 filing for more than 500 million shares, which is on the table. So in that, if you look at that data - and you also note the uh the massive increase in options volume - you see that there might be something known to the insiders and especially asusa - that's not known to the rest of us and if the target is an Acquisition for a hostile takeover - if you look at how much shares the uh, these six to seven entities now collectively hold well, they have it they own the company. Basically, now the question becomes, why warrants to eight dollars and 84 cents? Well, obviously, they think that uh, the price will go beyond that at some point: don't they, otherwise they wouldn't still be holding them yeah. No, that's a fair point.

So let's say that we're not some mother teresa altruistic player here that, like uh particularly cares about the ceo, the leadership team and all that like, if we're looking at it just purely of what the charts are gon na do and uh where people have their money Parked is it one of these things? Is it in your uh opinion, to the best of your understanding of the current situation that given enough time, the worst scenarios like we're just waiting for them to force this said acquisition uh? It doesn't really seem to be such a like if it goes that way, i'm not saying it's moral, but i'm saying, like you, said these players who are orchestrating this scheme. They have warrants for like above eight dollars. So is this just like, in the worst case scenario for the retail people who are listening right now that might be long on this stock? Is it literally just a waiting game? It may be a waiting game for the long term, but there's also the risk of de-listing, at which point whoever holds the most number of shares. If the company d-lists will be entitled to completely take over the company for what's left because they own all the equity.

So there's uh there's that side of things too. So it's uh, it's it's a tough uh. It's a tough position. It's a tough sell.

The the thing with mullen is that, in order for its with all of the volume that it's been trading in the past, several weeks is the short interest keeps climbing and uh. I i believe that there's there's a correlation there with the behavior of the market makers with those short exempts and also these entities. So this is the theory that i am working with. That gives me reason to hold on to my shares, even not considering the existence of those eight dollar warrants.

So if i may i'll uh i'll describe my my hypothesis and it's not financial advice um, but everybody can draw their own conclusions based on what i have. So if these entities are indeed working with a market maker - or let's say that they're, even not, they are shorting the company in order to help drive its price down while simultaneously acquiring shares to go long on it and if they own all of the equity. In total, then, their goal would be delisting so that they can acquire, but they're also shorting, it really heavily and the market maker in the course of doing its short exempts, is putting itself in an untenable position. If the price does lift against them, then they will need to cover the failures to deliver that those short exams create if they are not located.

So the market maker can do that one of two ways: they can buy the shares out of the market and cause the price to lift, or they can borrow shares and just take those borrowed shares and cover the fdds. So in the uh later scenario, if we look at ortex, what you will end up seeing is that every time there was a massive spike in short, exempts roughly two to four days later. There was also a correlating spike in the short interest and we see that continue to maintain uh its uh trajectory so by that uh. If we assume that what we've seen before continues to happen, if retail continues to buy the shares out of the market, that would be available to the market maker, then the market maker will be forced to borrow more shares.

And if the price continues to go up or if they can't cover those ftds, then they'll have to borrow more and borrow more and borrow more, and if that continues, then at some point they will overextend their risk and they it won't be because they've run out Of money, it's because there aren't enough shares in existence to cover, and if that point is reached where they have to cover all those synthetic shares out of the market, then i guess at that point: retail defines what they're willing to sell at or these other entities. I suppose as well have the obligation i have the opportunity to sell into the market, but it kind of would be those big entities right because they own the majority. At this point to your understanding, yeah to to my to the best of my knowledge, they have roughly 60 uh, 60 collectively yeah. So i'm trying to wrap my mind around it, because it's interesting because you have a scenario where they're running it down, but they are long so like to um all these entities that continually are gaining like a 10 chunk of 10 percent chunk a 10 chunk.

They obviously want it down, so they could do some sort of takeover, but they don't want it too far, because it's not going to be beneficial for them if it were to be delisted or if it were to get crushed in price, because they're actually long on It right and if the company is actually going to be successful, here's the thing is that these guys have unlimited money, like they're, they're, extremely successful funds, how they got. That is extremely dubious and sketchy to me, but whatever you know, if the uh crooks keep getting away with it, i guess they they've gotten away with it and there's not nothing. We can do or at least that's what a lot of people's attitude is. I don't agree with that either, but it is what it is these the point is these guys have a ton of money and, if mullen's struggle, if it's only struggle, is that it doesn't have money well, it makes sense that these guys, who do have money, will Make every uh make every effort to acquire the company as cheaply as possible, and then then they can let their foot off of its neck and allow the price to fly.

Because then it's beneficial to them they'll be able to start paying themselves massive pensions and bonuses. Because the company is just raking in money, it's on par with tesla, creating an extremely successful competitive, eb vehicle and things of that nature um. So it's uh like i said how they got their majority position. I don't agree with like it's it's fundamentally, unethical but yeah for sure crazy.

This is just another wild story and i think to everyone listening. This is a good representation. Is i i know a lot of the discussion, especially in the retail communities dominated by the likes of gamestop and amc, but remember they're, just the two that, for probably nostalgic reasons were picked by retail, to really focus on this stuff happens day in and day out And this is just equities, don't get us started on etfs futures crypto. The markets are just oh they're, the a digital form of the wild wild west uh, true demon.

I very much appreciate your time and your efforts and all this i have two final questions for you before i let you go because i know you are a busy man. What is the next thing you are looking for in muln? Is there a date or release anything like that, and my second question is when that said thing happens: what's the best way for people to uh, i guess pay attention to you and the developments on this. In the description of the video, i have linked your youtube channel. I have linked your twitter folks if you're listening and you don't, if you haven't - subscribed to that youtube.

If you don't follow that twitter do so uh but yeah. Those are my two final thoughts for you yeah absolutely, so the main thing that i am paying attention to is pretty much focused on the short exempts and the way that that correlates to short interest data on vortex. So what i am looking for is is for the market makers to continue to try to suppress buying with short exempts, because it's the it's the best way for them to make money. As the price is going down, they can cover cheaper and they never had to borrow a share in the first place, that's ideal for them, but if the other, if the opposite were to happen, if they borrow the share uh or rather if they, they short exempt - And then the price goes up above their cost average.

Then they put themselves at a at a loss and if retail were to continue, buying and buying and buying and buying and hit the ask hit the ask hit the ask. Then the price quickly gets away from them at that point, and they've they've put themselves into a massive at a massive disadvantage where the market maker has no actual shares to buy to cover the position they keep having to ask people to lend them shares, so that Causes them to cover short exempts with actual borrowed shares, and then they have to start paying fees and if they continue doing that enough times and and there's no uh, if the price doesn't relax and allow them to cover at a cheaper price, then eventually they will Run out of shares to borrow, and eventually they will still have to cover those ftds at the end of the day and at that point they'll understand that they can't stop the price from going out of their control and when that happens, they're going to try to Escape the position as quickly as possible, because they've run out of options. So it's it's something that the date can keep getting pushed out in real time and it's frustrating believe me, it's so frustrating to watch how many ways that they can keep kicking the can down. The road, but it is kind of the nature of the beast when you're working with a market maker.

So that's what i'm paying attention to short exempts and uh and how that correlates to the the t, plus four t, plus five uh cycles and uh and uh, and the short interest continuously climbing man very, very interesting, well uh. I do truly appreciate your time. I think this is pretty insightful and it's a reminder that this is happening day in and day out and obviously, if there's major updates um that you would like to cover, and at least have the moon gang listened to more than happy to have you back on. But as always, it was a pleasure and folks once again finding the information from true demon description of the video.

That's the youtube page. That's the twitter account. That's the next thing for all of you to check out but uh. I hope you have an awesome weekend.

Man, thank you for your time. Thanks so much man, it was a pleasure, have a good one, all right once again, uh that was true demon talking about m-u-l-n just to clarify. I personally have no position and i won't have a position because i don't like penny stocks, but this is just it's crazy and what really caught my eye is how in the world could do the short exempts be higher than the free flow in a singular day. Um i myself have like left that question to some people.

I have a little bit more connected with in like the world of exchanges to see, if maybe maybe there's a chance, we're misunderstanding something and as soon as i get an update about that, obviously i'm more than willing to let you know. But it sounds like uh. Given enough time, we're gon na get more updates related to muln when we're waiting for these various four five six day cycles to really play out - and this is a perfect example of the frustration related to how infrequently we get the ftd reports. I would love to know how the ftds are associated with these short exempts, but the issue is: if this just occurred in early march.

We don't get the information for that for a month later. It's not like, oh, like we're waiting on the two-day sentiment or anything like that. The ftd report, in which, when we get that it's really not that clear anyway, like it's pretty opaque, they just give you a number: it's not. They don't tell you who created it, how it was resolved.

Anything like that, so it's just uh once again: a frustration of being a resale trader and or investor uh, but i'm curious to see how this data set plays out and see if, as a retail community, we are getting closer and closer of wrapping. Our minds around like how the structure of all this really does play in and play out, but uh. I just thought this was cool a friday afternoon thing. I wanted to share it with you um just another day in the life of being a retail participant, but overall it is a friday afternoon.

So i hope you have an awesome evening afternoon night morning. Whatever time it is for you, it's almost the weekend, tgif relax, recharge i'll, be continuing to post stuff throughout the weekend, but i hope to catch you back here on monday for the next stream. Thank you so much for all your good vibes. Uh, truly, truly appreciate it.

You you, apes, are the best. I hope you have an absolutely be a beautiful day, a beautiful weekend, i'll catch you later, peace out, you.