Still think TITNC3: Return of the Iceberg was peak

98tacoma27 · Jan 25, 2023

theesotericone said: ↑

Run MULN. Run.
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Damn, I was going to grab some .5 calls but my bid never hit.

theesotericone · Jan 25, 2023

98tacoma27 said: ↑

Damn, I was going to grab some .5 calls but my bid never hit.
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I grabbed four thousand shares a few weeks ago. I'll let them ride for a bit.

98tacoma27 · Jan 25, 2023

theesotericone said: ↑

I grabbed four thousand shares a few weeks ago. I'll let them ride for a bit.
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There was a shareholder meeting at 2. Looks like it was what everyone wanted to hear. I don't have specifics though.

98tacoma27 · Jan 25, 2023

https://news.mullenusa.com/mullen-a...ing-of-shareholders?hss_channel=tw-2851107860

BREA, Calif., January 25, 2023– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today after its reconvened Special Meeting of Stockholders, that all proxy proposals have been approved.

The company has no plans at the current time to effect a reverse split. The Company has until March 6, 2023 to meet the Nasdaq minimum bid requirement of $1.00. If the share price of the Company’s stock falls short of the said requirement, the Company intends to seek an extension from NASDAQ to meet the required threshold. If such extension is granted, compliance of the minimum $1.00 stock share threshold requirement may be extended for a further 180 days until approximately September 6, 2023. If the Company still falls short of the minimum bid requirement, it will effect a reverse stock split at that time to maintain its Nasdaq listing compliance.

Mullen is also a member of the Russell 2000 Index through June of 2023, which requires a minimum stock price of $1.00 for inclusion. The Russell Index will rebalance in June of 2023, at which time, if the share price of the Company’s stock falls short of the minimum $1.00 threshold required, Mullen will evaluate if it is in the best interest of shareholders to initiate a reverse stock split for continued inclusion in the Russell 2000 index.

Additional details can be found on the Company’s recently filed SEC Form 8-K and subsequent 8-K filed post Special Meeting of Shareholders Jan. 25, 2023.
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TL;DR

Will NOT reverse split. Company has until March 6th to meet Nasdaq requirements. Will seek extension 180 days if not met. If not met after 180 days, will reverse split.

Will possible reverse split by June 23rd to remain on Russell 2000

Iwilltaco · Jan 25, 2023

98tacoma27 said: ↑

There was a shareholder meeting at 2. Looks like it was what everyone wanted to hear. I don't have specifics though.
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It was higher 3 weeks ago. Snooze

theesotericone · Jan 25, 2023

Iwilltaco said: ↑

It was higher 3 weeks ago. Snooze
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I bought 3 weeks ago and I'm green. lol

Iwilltaco · Jan 25, 2023

theesotericone said: ↑

I bought 3 weeks ago and I'm green. lol
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Then you bought 3 weeks and a day ago

theesotericone · Jan 25, 2023

Sweet. UI numbers, new home salas and QoQ GDP tomorrow. This is gonna be fun. lol

TreeFortRichard · Jan 25, 2023

Disclosure: Presently out of $HLBZ at 60% return. I saw the volume dropping off… And today and finished behind the 10 day average volume

theesotericone · Jan 26, 2023

GDP beats and jobless claims both beat. Powell has gotta be pissed. lol

theesotericone · Jan 26, 2023

TYDE go vroom. lol

theesotericone · Jan 26, 2023

Nevermind. They turned the destroy it algo back on.

98tacoma27 · Jan 26, 2023

Glitch reported as "Human error"

https://nypost.com/2023/01/26/nyse-stock-trading-chaos-caused-by-staffers-manual-error/

Human error is to blame for the glitch that caused wild fluctuations in share prices at the start of trading on the New York Stock Exchange on Tuesday.

A NYSE employee who is based out of the exchange’s backup data center in Chicago failed to shut down the disaster-recovery system that is tested every day after the closing bell as part of routine maintenance, according to Bloomberg News.

The backup system, which is meant to be activated in case of disaster, was still running when trading commenced at its usual time of 9:30 a.m. Eastern time on Tuesday.

That tricked the NYSE computers into thinking that the opening bell was simply a continuation of trading.

On normal days, the exchange’s opening auction, which takes place at 9:30 a.m., sets the initial prices of shares that are listed.

But the glitch on Tuesday resulted in wild swings by as much as 25% in the stock price for some 250 companies, including Altria, Mastercard, McDonalds, Uber, Wells Fargo, and Verizon.

Trading of the affected stocks was halted for about 15 seconds and then continued around five minutes later, according to a Nasdaq-run web site that tracks stock halts.

NYSE officials investigated the matter for hours and came away confident knowing what caused the glitch, according to Bloomberg News.

The error caused the NYSE to cancel thousands of trades. The cost of those cancellations has yet to be determined.

The NYSE put out a terse statement on Wednesday which read: “The root cause was determined to be a manual error involving the Exchange’s Disaster Recovery configuration at system start of day.”

Companies listed on the exchange can submit complaints about damages to NYSE management.

The NYSE manages a $500,000 monthly fund intended to compensate brokers in the event of glitches similar to which occurred on Tuesday.

But the mishap left a bad taste in the mouths of Wall Street veterans, including Charles Schwab Corp.

The brokerage firm felt compelled to release a statement on Wednesday blasting the NYSE by name.

“Unfortunately, the NYSE has not owned up to their full responsibility and retail investors will have to go through a lengthy process to correct orders, with no guarantee of a reasonable outcome,” a Charles Schwab spokesperson told Bloomberg News.

What do you think? Post a comment.
“If Exchanges will not accept accountability when they make an obvious mistake, it further heightens our concerns that routing even greater levels of retail orders to the exchanges will dramatically reduce the quality of the investing experience for America’s retail investors,” the spokesperson, Mayura Hooper, said.

The Post has sought comment from NYSE.
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98tacoma27 · Jan 26, 2023

98tacoma27 · Jan 26, 2023

This comes out to 9.6 million in fines

https://www.yna.co.kr/view/AKR20230126160700002

(Seoul = Yonhap News) Reporter Lee Ji-heon = Citadel Securities, an affiliate of Citadel, a large US hedge fund, was found guilty of disrupting the market order with high-frequency trading in Korea and was fined 10 billion won.

The Securities and Futures Commission under the Financial Services Commission held a regular meeting on the 26th and announced that it had decided to impose a fine of 11.88 billion won on Citadel Securities for violating the Capital Markets Act.

According to the Securities and Exchange Commission, from October 2017 to May 2018, Citadel Securities was recognized for disrupting the market order in a total of 264 domestic stocks (a total of 6,796 trading sections) through the Seoul branch of Merrill Lynch Securities.

Citadel Securities is an American securities company famous for its high frequency trading (HFT) technique.

High-frequency trading, also called high-frequency trading, is a type of algorithmic trading technique in which a computer places a large number of orders in a short time.

With high-speed dedicated lines and high-performance computers, the ordering time is reduced to less than 1/1,000th of a second, and orders are placed hundreds to thousands of times per second at ultra-high speed.

The Securities and Exchange Commission said, "When comprehensively considering the purpose of regulating acts of disrupting the market order, the characteristics of the Korean stock market, and the trading time, frequency, and proportion, the consensus was that the trading patterns of Citadel Securities amounted to acts of disrupting market order."
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TreeFortRichard · Jan 26, 2023

Dammit...
Bought some $SPY calls on a dip and had to do other things...the fell to my don't go below this price and sold...
and now they're back to where I bought again...
Sideways trading bastards cost me $270

theesotericone · Jan 26, 2023

And there's BBBY gunning for my $2.50 puts. A week fucking late like usual. Sometimes I hate the fucking market

kairo · Jan 26, 2023

theesotericone said: ↑

And there's BBBY gunning for my $2.50 puts. A week fucking late like usual. Sometimes I hate the fucking market
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10q just dropped. It's not good. I just have about 100 shares at this point, so I don't care much either way, but unless that M&A comes through quick, bbby r fuk

theesotericone · Jan 26, 2023

kairo[OP] said: ↑

10q just dropped. It's not good. I just have about 100 shares at this point, so I don't care much either way, but unless that M&A comes through quick, bbby r fuk
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The 10Q says we're out of fucking money. Like that the surprise to anybody when the company is already talking about bankruptcy. I should have just stuck to my monthly only rule on options. Lol

98tacoma27 · Jan 26, 2023

Shorts win!!!!!!!!!!!

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Still think TITNC3: Return of the Iceberg was peak

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