Concerned investors on social media have raised the question of MULN stock going to $0.
Mullen Automotive (NASDAQ:MULN) stock ended the week at $0.14, down -9.20% on the day and down -17% for the week.
MULN stock tested $0.44 in January and again during the first week of February, but shares have been plunging ever since.
The automotive company has had a string of positive developments, with the latest MULN stock news confirming the delivery of the $200 million purchase order.
But despite these positive developments, Mullen Automotive shares have continued to tumble with concerns in the air of MULN stock going to $0.
But Mullen reports that as of Feb. 28, 2023, the company has $87,400,009 of cash and cash equivalents, including restricted cash, and expects to receive an additional $110 million from firm commitments by June 1, 2023.
“The Company believes the combination of cash on hand and expected firm cash commitments provides it with enough capital to execute on its business plan over the next 12 months.”
Will Mullen Automotive go bankrupt?
Doesn’t seem likely by that statement.
Will MULN Stock Go to Zero?
Market News Daily: Will MULN stock go to zero?
Mullen Automotive CEO David Michery has a plan to issue a reverse stock splitshould the company fail to meet Nasdaq’s $1 bid per share compliance.
Will this strategy save MULN stock from going to zero?
It’s very possible, but investors are look at CEO David Michery for answers.
MULN stock chopped at $0.14 majority of the day on Friday.
If the stock is able to find a strong support here, we may begin to see it move up again if buyers flood in.
However, market makers and hedge funds are still in control of where prices are headed — we’ve seen these institutions drive companies to $0 before, mainly through naked short selling.
Mullen Automotive Avoids Getting Delisted
Market News Daily: Will MULN stock go to $0?
The company avoided getting delisted after it failed to meet its $1 per share requirement on March 6, 2023.
Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share.
On Sept. 7, 2022, Nasdaq provided notice to the Company that, based on the previous 30 consecutive business days, the Company’s listed common stock no longer met the minimum $1 bid price per share requirement as set forth in Nasdaq Listing Rule.
The Company was provided 180 calendar days, or until March 6, 2023, to regain compliance.
If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.
“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said David Michery, CEO and chairman of Mullen Automotive.
Market News Today – John Brda on MMTLP and FINRA scandal.
The MMTLP scandal continues to grow as investors with full effort put pressure on self-regulatory organization, FINRA.
Earlier this week MMTLP shareholders were able grab the organizations attention after sharing a publication that shed light on the fraud that occurred in December 2022 when trading was frozen, and the ticker was delisted.
The results were devastating as tens of thousands of shareholders lost their entire investment, many had invested their life savings and pension fund money.
John Brda, former CEO of Torchlight, which merged with Meta Materials in 2021 says all the bad actors are going to get subpoenaed for their information.
I wanted to know John’s thoughts on whether he thinks there will be some sort of justice or solution for shareholders, or whether he thinks FINRA will simply try to dismiss the event without taking any real accountability.
His response was very reassuring.
Here’s what he had to say.
John Brda on MMTLP and FINRA Scandal
John Brda on MMTLP and FINRA scandal. MMTLP Subpoenas.
“What’s interesting is that we’re going to find out one way or another, whether we have to do it through the court system or whether congress is going to effectuate change in a way that they can.
We’re going to find out, we’re not gonna stop in this effort so, we have what we believe are, if we end up filing suit in that manner, we have what we believe are basically bulletproof items that will survive motion to dismiss, and then the discovery process starts.
And then discovery is a wide-open door for us to understand actually who all the bad actors are, you know broker dealers involved, market makers, hedge funds, FINRA, DTCC, everybody; everybody’s gonna get subpoenaed for their information.
So, no I don’t believe it’s gonna go away and no I don’t believe it’s gonna be swept under the rug.
We’re hitting this from both angles, through congress and through the court system and we’re not going away — it’s just not gonna happen”, said John Brda.
MMTLP shareholders will be pleased to know action is being taken by activist investors from all walks in life.
For more news, updates, and information on MMTLP, be sure to join the newsletter below.
Market News Today – BBIG Shareholders Nominate Retail Investors for Board of Directors.
On Thursday, a group of shareholders announced the nomination of three new “retail investor” candidates to the board of directors of Vinco Ventures (NASDAQ:BBIG), citing the company’s lack of transparency.
The move comes in response to concerns about Vinco Ventures’ compliance with Nasdaq rules and regulations, including the company’s failure to file quarterly reports for Q2 and late filings of Q3 of 2022, as well as its failure to hold an annual meeting in 2022, according to the community’s website.
“There’s a lot of people hurting”, says Lorne Ross, one of the three retail investor candidates in a Twitter space call.
Shares of BBIG stock have fallen more than -22% this year-to-date alone and more than -77% in the past year, hitting a record all-time low.
The three nominees are Lorne Ross, Shadwrick Vick and Christopher Muntz.
I was able to hop on a space call and hear about what they had to say.
“This is just a little phase, this doesn’t guarantee anything, but it’s an action we’re taking”, says Vick, who also hosted the meeting.
The BBIG community wants to place retail investors on the Vinco Ventures Board of Directors in efforts to improve communication between the company and its shareholders, as well as help turn the company around.
BBIG Retail Investor News Today
BBIG Stock News Today – Franknez.com.
Investors are supporting the effort to help the business go through what shareholders believe is much needed change.
Here are some comments from the BBIG Family press release:
“As a worldwide community of retail investors, we are deeply concerned about the recent Nasdaq deficiency notices received by Vinco Ventures and lack of transparency into our investment” said Shadwrick Vick, a shareholder of Vinco Ventures and a community nominee.
“It’s time to consider additional leadership that will prioritize transparency, accountability, and compliance.
Real people have put their hard-earned dollars into this company and deserve a roadmap, filings and basic communication”.
Shareholders feel the current board of directors are not serving retail investors’ best interests but rather those potentially of another party.
The retail investors plan to file their nomination materials with Vinco Ventures today, in accordance with the company’s bylaws and rules governing shareholder nominations.
“We are confident that our nominees have the skills and expertise needed to help guide Vinco Ventures through these challenging times and position the company for long-term success,” said Austin Gilmore – Nominator.
The nomination letter outlines the qualifications and experience of each nominee and highlights their commitment to creating value for all shareholders.
The election of new board members is anticipated to take place at Vinco Ventures’ upcoming annual meeting.
Vinco Ventures Shareholder Meeting 2023
A filing shows Vinco Ventures will be holding an annual shareholder meeting on April 18, 2023 at 10:00am Eastern time.
The company is asking its investors to vote for a variety set of proposals that would dilute the company stock in order to raise more cash.
One of the proposals authorizes shares of common stock from 249,000,000 to 750,000,000 and to increase preferred stock from 1,000,000 to 5,000,000.
A reverse stock split in a range of 1:2-1:20 is also being proposed in the filing — similar to what AMC Entertainment shareholders have approved and to what Mullen Automotive will undergo should they fail to meet Nasdaq’s $1 bid per share compliance.
For more retail investor news, join the newsletter below to stay up-to-date in the community.
Market News Published Daily
Market News Today – BBIG Shareholders Nominate Retail Investors for Board of Directors.
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Market News Daily: Mullen Automotive $200 Million Purchase Order Update.
Official: Mullen Automotive (NASDAQ:MULN) has confirmed the delivery of 6,000 Class 1 EV cargo vans valued at $200 million for the end of March 2023.
Mullen Automotive CEO David Michery released the official statement on the company’s website — a positive development shareholders have been waiting for since December of 2022.
As of Feb. 28, 2023, Mullen has $87,400,009 of cash and cash equivalents, including restricted cash, and Mullen expects to receive an additional $110 million from firm commitments by June 1, 2023.
The Company believes the combination of cash on hand and expected firm cash commitments provides it with enough capital to execute on its business plan over the next 12 months.
Here’s a statement from David Michery, Mullen CEO:
“I believe we have all the pieces in place between our product, factories, and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this year,” said David Michery, CEO and chairman of Mullen Automotive.
“Furthermore, we continue to invest and move at a fast clip with the Mullen FIVE program, which will soon be approaching vehicle engineering freeze, allowing us to move into the next phase of the crossover program.”
About the $200 Million Purchase Order
Market News Today: Mullen Automotive $200M Purchase Order Update
In December, Mullen Automotive received a $200 million purchase order for 6,000 of its Class 1 EV cargo vans.
Randy Marion Automotive Group has taken on a fleet of Mullen EV’s to kick off the first quarter of the new year just right.
RMA is one of the largest and most respected commercial vehicle dealer groups in the U.S. Randy Marion Isuzu, LLC, a division of RMA, has committed to the purchase of 6,000 Class 1 EV cargo vans from Mullen Automotive.
Mullen recently announced RMA as its first commercial dealer partner to offer sales, service and parts for Mullen Automotive’s commercial vehicle lineup.
“We see a tremendous opportunity with the Mullen commercial portfolio, and the launch of the commercial van could not come at a better time,” said Randy Marion, CEO and founder of RMA. “There’s significant pent-up customer demand for Mullen to fulfill. I have many customers looking at me to find product for their companies.”
“This is a real vote of confidence in our company. We appreciate Randy’s vision and aggressiveness to partner with us,” said John Schwegman, chief commercial officer for Mullen Automotive. “He clearly sees the future in commercial EVs.”
“The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said David Michery, chairman and CEO of Mullen Automotive.
Other Recent MULN Stock News
Market News Today – Mullen Automotive $200 Million Purchase Order Update.
Mullen Automotive (NASDAQ:MULN) just avoided getting delisted after it failed to meet its $1 per share requirement on March 6, 2023.
Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share.
On Sept. 7, 2022, Nasdaq provided notice to the Company that, based on the previous 30 consecutive business days, the Company’s listed common stock no longer met the minimum $1 bid price per share requirement as set forth in Nasdaq Listing Rule.
The Company was provided 180 calendar days, or until March 6, 2023, to regain compliance.
If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.
“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said David Michery, CEO and chairman of Mullen Automotive.
MULN stock is currently trading just under $0.15.
Market News Published Daily
Market News Today – Mullen Automotive $200M Purchase Order Update.
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Franknez.com is the media site that keeps retail investors informed.
Market News Daily – FINRA responds to MMTLP Investors.
Yesterday we published a piece highlighting FINRA and the MMTLP scandal, deeming it one of the biggest Wall Street frauds in modern finance history.
The MMTLP community got LOUD and managed to gain the attention of the self-regulatory institution FINRA.
That’s right, FINRA heard you and has released an extensive article responding to retail’s concerns, though unfortunately it doesn’t justify the manipulation and blatant theft that occurred to MMTLP shareholders.
In an FAQ, FINRA says it determined that MMTLP had a high probability of undergoing an extraordinary event and it could have caused or had the potential to cause major disruption to the marketplace or significant uncertainty in the settlement and clearance process.
Investors speculate a short squeeze could have been that extraordinary event that could have potentially swayed the market.
In this article, I’m going to include some of FINRA’s responses from their official page.
“FINRA is permitted under its rules to impose a quoting and trading halt in an OTC equity security where FINRA determines that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the security or has caused or has the potential to cause major disruption to the marketplace or significant uncertainty in the settlement and clearance process.
FINRA made such a determination for MMTLP and halted trading on December 9.
Among FINRA’s concerns were the facts that, after December 12, the MMTLP shares would cease to be DTC-eligible; MMTLP shares would be cancelled at the time of the distribution (i.e., December 14); and Next Bridge common stock was not expected to be DTC-eligible—raising uncertainty regarding how transactions executed after December 8 would settle in an orderly manner in relation to these dates.
Had MMTLP continued trading after December 8, there was the possibility that investors buying MMTLP during that time period may not have realized that those shares were about to be cancelled by Meta Materials, that they may not receive MMTLP shares before they were cancelled, and that they would not be recorded on December 12 as MMTLP holders eligible to receive Next Bridge common stock in the distribution.”
Why did FINRA halt trading on December 9 if shareholders as of December 12 were entitled to receive the Next Bridge distribution?
FINRA responds to MMTLP investors.
“FINRA halted trading in MMTLP on Friday, December 9, because securities transactions typically must settle within two business days in accordance with SEC rules.
This means that trades in MMTLP executed on December 8 typically would settle on December 12, while trades executed on December 9 or December 12 typically would not settle until after December 12.
This is important because a seller ceases to be a holder of shares and a purchaser becomes a holder of shares only after a transaction settles.
Therefore, for purposes of the Next Bridge / MMTLP corporate action, only those trades in MMTLP that were executed on or before December 8 typically would have settled in time to establish the purchaser as a new holder of the shares as of December 12.
In addition, after December 12, the MMTLP shares would no longer be DTC-eligible (and the Next Bridge shares were not expected to be DTC-eligible).
This means that, after December 12, any unsettled trades in MMTLP would have needed to be handled through broker-to-broker processes outside of DTC.
Thus, there was uncertainty about whether trades executed after December 8 would settle in an orderly manner, including whether they would settle before the MMTLP shares were cancelled on December 14.”
What happens if short positions in MMTLP were not closed out before FINRA halted trading?
“Broker-dealers have operational conventions in place for adjusting short positions following a corporate action.
In this instance, FINRA understands that firms have adjusted short positions in MMTLP to reflect an equal size short position in Next Bridge (i.e., an account with a short position of 100 shares of MMTLP now reflects a short position of 100 shares of Next Bridge).
In other words, the corporate action did not compel short positions to be closed or extinguish any obligations associated with outstanding short positions.”
These are just but a few statements made by FINRA in response to retail’s concerns in MMTLP.
Investors’ money is still missing after regulators delisted MMTLP in exchange for private stock of company Next Bridge Hydrocarbons.
But the entire promise by Next Bridge has also been questioned.
Next Bridge Hydrocarbons released the following statement regarding the MMTLP halt.
“We recognize that some of our shareholders who owned Meta’s Series A Non-Voting Preferred Stock prior to the Spin-Off might have been affected by FINRA’s halting of the trading in that stock while the Company was still wholly owned and controlled by Meta.
The current board and officers of the Company have no information from FINRA regarding the Trading Halt other than the information in the public notice published by FINRA announcing the Trading Halt.
Further, FINRA did not provide any advance notice to the Company or Meta prior to its initiating the Trading Halt.
While we were not involved in the Trading Halt, we certainly empathize with anyone adversely affected by the Trading Halt and are assessing the matter.
The Company believes that our primary means of delivering shareholder value is to develop our interests in the Orogrande Basin, and we remain focused on this objective.”
No further statement has been released since.
Investors Urge FINRA to relist MMTLP
Investors have come up with a solution — to temporary relist MMTLP and allow shareholders to trade the days that were taken from them in the market.
This would allow shareholders to at the very least take their money out of the trade.
If FINRA and parties involved cannot come up with a solid solution to the blatant theft, bigger consequences may head their way.
Market News Daily – Antara Cashes Out a Whopping $72.4 Million in APE Shares
Antara Capital LP, AMC Entertainment’s (NYSE:AMC) largest institutional shareholder just cashed out a whopping $72.4 million in APE shares (NYSE:APE).
An SEC filing shows the company disposed more than 48 million APE shares at the price of $1.51 on Wednesday March 15, leaving the company with a total of 179.2 million shares in its armory.
Shares of the equity fell on Wednesday from its opening high of $1.65 to $1.42.
APE is currently up +18% this year-to-date, though shares have fallen more than -78% since its inception.
Soon, retail investors will no longer be able to purchase the equity as the shareholder vote to merge APE and AMC common stock has been approved.
However, screenshots of a filing have surfaced on social media showing the plaintiff’s motion to intervene has been DENIED.
This means AMC’s proposals will carry out without further interference.
Shareholders await an official announcement from AMC CEO Adam Aron.
What is Happening with AMC Entertainment Today?
Today, AMC Entertainment is going through some major changes with its stock, now that proposals to merge APE with AMC and a reverse stock split have been approved.
The value of APE and AMC will merge to reflect one single share price — APE will be delisted upon the completion of this merge.
A 1-for-10 reverse stock split will multiply AMC’s share price by 10, but divide shareholders share count by 10.
Ex.) AMC’s current share price of $4.21 will go up to $42.10 in a reverse stock split.
Investors holding 10 will hold 1 share, investors holding 100 shares will then hold 10 shares, and investors holding 1,000 shares will hold 100 shares after a reverse stock split.
“Today was a huge step forward for AMC. You voted YES, YES & YES! And it was a landslide vote too — 88% yes for Proposal 1, 87% yes for Proposal 2, and 87% yes for Proposal 3. My sincerest thanks for giving AMC the tools we need to continue fighting the good fight on your behalf,” said the CEO on Twitter.
“Saving AMC is my professional mission. And remember that I own millions of AMC shares and APE units too. So, I very much want for AMC to succeed. I am absolutely and passionately convinced that what you approved today is in the best interests of AMC and of all our shareholders.”
But it seems Adam Aron isn’t interested in selling at the moment, but rather raising cash to keep AMC Entertainment afloat.
AMC CEO Adam Aron Hints at Destroying Short Thesis
Market News Daily – Antara Cashes Out a Whopping $72.4 Million in APE Shares
CEO Adam Aron hinted at destroying the short thesis earlier this month.
The movie theatre chain has been under attack by short sellers since before the pandemic.
However, short sellers saw an opportunity when the world’s largest movie theatre chain closed its doors in 2020 due to the pandemic lockdowns.
Adam Aron says the company went from earning millions per month to $0 overnight during the wake of the Coronavirus pandemic.
When retail investors found how high the short interest data in AMC was, they piled up to squeeze short sellers from their positions by purchasing shares of the movie theater chain en masse.
At first, investors were able to drive AMC’s stock price to $20 in January.
Then, shareholders saw AMC stock hit an all-time high of $72 per share in June.
Since then, low borrow fees have made it easier for short sellers to bring the stock back down.
On Twitter, Adam Aron responded directly to a user regarding AMC’s short thesis.
The user said, “Shorts attack companies they feel they can destroy. If you become a successful company you destroy a short’s thesis hence no logical reason to continue shorting. This is @CEOAdam strategy and the only strategy that has ever worked in the history of the market! #AMC#AMCSqueeze.”
To which the CEO answered:
“Joe, you nailed it. I could not have put it better myself”.
How to invest in the stock market step by step for beginners
There comes a point when you realize that in order to build wealth it will require you to build multiple streams of income. The average millionaire has seven. The stock market is one way you can invest your earned income in order to start earning passive income and multiply your money. Here’s how to invest in the stock market step by step for beginners.
Welcome to Franknez.com – the blog where you can digest content on personal finance, entrepreneurship, market news, and trending investing topics.
Lets get started!
I’ve been investing in the stock market since 2019.
When I learned how to open a brokerage account and buy company stock, I knew I had to show people how to do it too.
Everything I found online was outdated so I wanted to make it easy for people to start.
Benefits of investing in the stock market
One of the greatest benefits of investing in the stock market is that you get to hedge against inflation.
Inflation is at an all-time high right now and simply letting your money lose its value isn’t going to create wealth.
The stock market also provides an average return of 7%-8% annually which means those CDs and high yielding savings accounts are a thing of the past.
Even so, you can always create a portfolio bringing in 20%+ annual returns!
In June of 2021, AMC shareholders saw a whopping 3000% return on their investment at its high.
GameStop shareholders saw about half!
Although these trades are much different anomalies then traditional long-term investing, it paints a picture of the power of the market.
Let’s get you started!
#1. Set a Budget When Planning to Invest
Before you begin to invest you will need to set a budget on your first investment(s).
The great thing about the stock market is that you can invest with as little as $50 or so depending on the cost of a share.
A share is a fraction of a company you can own and earn money from as the company grows and profits over a period of time.
Example
If you set a budget of $200 and the share of a company you want to invest in costs $50 then you can purchase (4) four shares of said company.
If a month later the shares you purchased are worth $60 each then your shares would now be worth $240, resulting in a $40 gain.
This is how investing in the stock market works.
Note: I highly recommend having your emergency fund built prior to proceeding with investing in the stock market.
It is important to highlight that the money you invest in the stock market will need to be money you can tolerate losing.
The stock market is volatile meaning the value of your assets is constantly going up and down.
Something to keep in mind is that the value of your investments can go down just as fast if not faster than they went up.
Now, this is not addressed to scare you. The stock on average has an annual return of 6-8% per year.
Why should you invest in stocks?
Investing in stocks is a great way to diversify your portfolio.
You don’t want to keep all your eggs in one basket.
For this reason, the wealthy invest in companies they believe have long-term potential to thrive and to multiply their investment.
#2. Know What to Invest In
Now that you’ve set a budget you’ll need to know what you want to invest in.
Once you do, find the stock market symbol of the company on Google search engine.
If you wanted to invest in Coca-Cola for example, you’d search ‘stock market symbol for Coca-Cola’ on Google.
You’ll see that the NYSE (New York Stock Exchange) symbol for Coca-Cola is KO.
This is how you will identify and search for companies to invest in when you’re in the market to buy stocks.
Here are some different type of investments you can invest in within the NYSE.
Stocks
How to invest in stocks for beginners
A stock is a share of a company just like Coca-Cola.
Buying a share from one specific company is a stock.
Stocks are good to purchase if you strongly believe in the continued success of your choice of company.
Invest in companies that have room to grow and are constantly innovating.
Stocks I personally favor are Tesla, Apple, and Amazon.
These tech companies are always innovating therefore I have strong conviction towards their continued growth and success.
Index Funds
How to invest in the stock market
An index fund is a fund that tracks and follows the index (growth) of a group of companies.
When you own a share of an index fund, you own a percentage of a pool of companies oppose to just one company.
What makes an index fund great is that if a company within an index fund isn’t performing very well there are other companies that may balance the overall performance of the fund resulting in a fair return.
A popular choice is the S&P500.
This index fund tracks the performance of the top 500 companies in the United States.
This type of investment tends to be a less risky and yield great profits over the long run.
It’s an investors favorite and I personally hold shares in the S&P500.
A REIT (Real Estate Investment Trust Fund) is very similar to an index fund.
The only exception is that it invests exclusively in real estate companies oppose to other businesses.
If you want to invest in real estate without the hassle of learning the game, using cash up front, or getting into debt, REITs are a great way to diversify your portfolio into the real estate sector.
A great REIT I’m invested in is VNQ with Vanguard.
Which investment is right for you?
Each of these investments has their own benefits.
My suggestion is to research them individually as all of our needs are very unique.
As your skills develop as a retail investor, you’ll find yourself having a diversified portfolio consisting of all three.
Invest in the stock market and learn to identify which investment is best for you.
Price is what you pay. Value is what you get.
Warren buffett
#3. Choose a Brokerage Firm to Begin Investing in The Stock Market
This is the fun part.
Choose a reputable online brokerage firm.
A brokerage firm is a platform where you will be doing all of your investing through the NYSE.
Here you’ll be able to purchase stocks and sell them.
Each brokerage firm has their own customer advantages but are very similar to use.
Here is a list of brokerage firms you can open an account with and sign up for free.
Check out each brokerage firm’s website and see which feels more comfortable for you to navigate.
Do some research on each of them to see which has the strongest potential for your needs. I personally use Vanguard.
How to invest in the stock market for beginners
Note: When you purchase investments, there are small commission fees your investments will pay out to the firm.
They are very small in most cases and don’t hinder your earnings like you’d think. Vanguard has the lowest fees.
Each brokerage firm will have different commission fees and the percentage will vary in each firm.
For example: Coke (KO) will have a slightly different commission fee in every firm despite having the same share cost.
#4. Open your account
For this step-by-step on how to invest in the stock market I’m going to use Vanguard.
Vanguard is one of the most reliable brokerage accounts you can use.
How to invest in stocks for beginners
Head over to Vanguard and select ‘Open an account’.
How to invest in stocks with Vanguard
Select ‘Start your new account’ to get started.
Choose the method you will be funding your new account. You can choose between:
Electronic bank transfer or another Vanguard account
Rollover from an employer plan (e.g., 401(k) plan)
Transfer investments from another financial firm
Most new retail investors will be choosing the first option, using an electronic bank transfer to fund your account.
Before you open your account to begin investing in the stock market you’ll need your bank account and routing number as well as other personal information.
Once you’re in it’s time to transfer funds into your account.
#5. Transfer Funds into Your Brokerage Account
Congratulations! Now that you’ve chosen a brokerage account to invest with, you’ll have the tools at your disposal to begin investing.
Navigate throughout your brokerage website. Get comfortable with where things are.
Things might seem very new at first, intimidating even.
Don’t worry, now that you’ve begun something new, you’ll begin to take the first steps toward self-education.
First, you’ll want to learn how to transfer funds into your brokerage account.
I will be demonstrating step by step how to do this using Vanguard.
Toggle the settings to connect your bank account with your brokerage account so you can start to invest in the stock market.
This direct line will allow you to transfer funds into your account so you may begin to purchase shares.
Once you have this set up you may transfer the money from your budget to invest in.
#6. Make Your Very First Investment in The Stock Market
Now that you’ve transferred your funds over to your brokerage account, navigate through the site to make your very first purchase.
Search the symbol of the stock, index, or REIT you will be investing in.
Note: Before purchasing, make sure you thoroughly navigate the website to get comfortable using it.
This will make the purchase experience a lot easier.
Once you pull up the investment, go through the details provided on the page.
You should be able to see its history, it’s projected return, its risk level, and so much more information about the investment.
Purchase the investment!
Purchase the investment with the option set to ‘Market’.
This option will allow you to purchase the investment instantly at the price it’s worth.
We suggest doing a test purchase since this is your first time investing in the stock market.
This will help you get a feel for it. Purchase one share so you understand the process.
It will serve as good practice and experience.
Congrats on buying your first share!
Follow up on your investment the following day and see whether your investment had gains or losses.
You’ll see for the very first time how your investment grew in value or decreased in value.
You now have a taste of what it’s like to invest in the stock market.
I have personally invested in stocks since 2019 and have learned a lot about the stock market.
In fact, I’m still learning today.
I published an article on the best tips and advice for beginners investing in stocks to further help you on your journey.
Stock investing is all about strategy.
When you make money in the stock market you may let it sit and accumulate over time, or you may cash in your profits and allocate those gains towards other opportunities.
This is why I believe investing in stocks is extremely important to someone who wants to build wealth.
The stock market allows you to multiply your hard-earned money so you may further invest it in other assets.
If you received value from this post please be sure to share it with someone who’s working towards becoming financially independent and who is also building their financial future.
My mission is to help people all around the world attain financial stability in order to live their best lives possible.
Market News Daily: MMTLP scandal gets recognized as one of the biggest Wall Street fraud events.
The MMTLP scandal is being recognized as one of the biggest Wall Street frauds of the decade.
One of the most recent scandals has been that of the ‘meme stock’ frenzy when broker firms, hedge funds, and even regulators colluded to stop AMC, GameStop, and other stocks from rising.
Investors who held shares of MMTLP stock on the record date of December 12 would receive a preferred dividend of Next Bridge Hydrocarbon on Wednesday, December the 14th.
Investors anticipated a long-awaited MMTLP short squeeze during the last few trading days prior to the spinoff — primarily due to big buying volume flooding the market to receive Next Bridge Hydrocarbon shares.
However, MMTLP stock stopped trading on Thursday, December 8 after FINRA delisted the security without notice or warning.
FINRA released the following statement:
“Effective Friday, December 09, 2022, the Financial Industry Regulatory Authority, Inc. (“FINRA”) halted trading and quoting in the Series A preferred shares of Meta Materials Inc. (OTC Symbol: MMTLP).
Pursuant to Rule 6440(a)(3), FINRA has determined that an extraordinary event has occurred or is ongoing that has caused or has the potential to cause significant uncertainty in the settlement and clearance process for shares in MMTLP and that, therefore, halting trading and quoting in MMTLP is necessary to protect investors and the public interest.
The trading and quoting halt will end concurrent with the deletion of the symbol effective Tuesday, December 13, 2022.”
“See also Form S1 Registration Statement for Next Bridge Hydrocarbons, Inc. stating that…immediately after the Spin-Off, all shares of Series A Non-Voting Preferred Stock of Meta shall be cancelled. Available here.”
Next Bridge Hydrocarbons Weighs In
In simple terms, FINRA’s only explanation was that the halt was due to ‘uncertainty’ in the settlement process which could harm investors and public interest.
And perhaps that’s true — though shareholders don’t think they were referring to retail investors at all, but rather FINRA’s private investors and institutional partners, the hedge funds.
Next Bridge Hydrocarbons released the following statement regarding the MMTLP halt.
“We recognize that some of our shareholders who owned Meta’s Series A Non-Voting Preferred Stock prior to the Spin-Off might have been affected by FINRA’s halting of the trading in that stock while the Company was still wholly owned and controlled by Meta.
The current board and officers of the Company have no information from FINRA regarding the Trading Halt other than the information in the public notice published by FINRA announcing the Trading Halt.
Further, FINRA did not provide any advance notice to the Company or Meta prior to its initiating the Trading Halt.
While we were not involved in the Trading Halt, we certainly empathize with anyone adversely affected by the Trading Halt and are assessing the matter.
The Company believes that our primary means of delivering shareholder value is to develop our interests in the Orogrande Basin, and we remain focused on this objective.”
But investors remain confused as to what happened to their money which was frozen from trading prior to the delisting.
What’s happened with MMTLP has become one of the biggest Wall Street frauds in financial history.
Real People Have Been Affected
“It was the anniversary of my husband’s passing; it was a really hard time. My kids all understood what was happening with MMTLP, and it was hard for them to understand, it was hard for me to admit to my kids the depth of the dishonesty, and lying, and cheating, and stealing that goes on in our country”, says MMTLP investor Deborah W.
“I went through the 18 months of just stringing me and my family and everyone everybody with holding off on things that we might have wanted to do; vacations we wanted to take, because I didn’t want to pull any of the money out of what I had in. And MMTLP, I had liquidated other positions, I took every spare dime we had, and I put it towards MMTLP”, says Huck, another MMTLP investor.
FINRA placed a U3 halt on MMTLP on the final days before it was delisted.
It was one of three U3 halts in the OTC market in U.S. history.
The U3 halt froze MMTLP shares so shareholders couldn’t buy nor take their money out from the security.
MMTLP was delisted, robbing MMTLP investors of their money right in front of their eyes.
The delisting protected hedge funds from having to close their short positions right before shares of MMTLP stock began to rise, or squeeze.
Retail investors are naming the MMTLP scandal one of the biggest Wall Street frauds in financial history.
Investors lost their entire retirement funds and life savings in MMTLP.
Aside from the public announcements in the beginning of this article, FINRA nor the SEC have been able to explain truly what happened to investors shares of Next Bridge Hydrocarbons, or their money invested in MMTLP stock.
In the video below, MMTLP Studios goes over possible solutions the SEC and FINRA can take to make things better, along with other investor comments.
Were You Affected by the MMTLP Wall Street Fraud?
First, I’d like to say that my heart goes out to those affected by this unfair and unprecedented event in MMTLP.
Many investors in several communities are experiencing blatant manipulation in their favorite company stock in similar or their own unique way.
Raising awareness is the first step to getting the message seen.
I’ve seen and heard some of your stories through the community.
If you were affected by the MMTLP Wall Street fraud and would like to share your story, please feel free to comment it down below for other retail investors to see.
Share this article to get your voice and story heard.
Market News Published Daily
Market News Today – MMTLP Scandal Recognized as Biggest Wall Street Fraud.
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AMC CEO Adam Aron said on Twitter he asked the NYSE and FINRA to look into the stock due to the alarming amount of FTDs in market.
But the CEO never publicly demonstrated a letter confirming the bold claims.
Videos have surfaced of the CEO scrutinizing any talks about market manipulation during an in-theatre event.
Yahoo Finance published a segment on AMC being on the threshold list highlighting the cause being due to naked short selling.
“Market Makers, like those at the New York Stock Exchange, Citadel is one, they can engage in naked short selling and it’s perfectly legal, it’s part of their market making duties to provide liquidity for a stock.”
The problem is naked short selling isn’t ‘legal’ and it takes advantage of a company’s stock price by driving shares down even when demand from retail buyers is high.
Naked short selling isn’t supposed to be illegal from a regulatory perspective and legal whenever Wall Street decides it to be.
Shares of AMC Entertainment fell -15% on Tuesday.
AMC stock went from being up more than +110% this year to now being up only +18%.
What Should Have Happened Instead?
The 13-Day Threshold Rule states that a broker-dealer with fail-to-deliver positions for 13 consecutive settlement days must immediately close out the ‘FTD’ position by purchasing shares in the open market.
AMC’s share price should have surged in a buy-back or ‘repurchase’ of shares in the lit exchange.
AMC FTDs spiked up to more than $36 million in FTDs last month, through the report is still in the process of updating via T+35.
Market News Today – AMC removed from threshold list.
FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.
These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.
In the case of sellers, it means not having the goods to meet that transaction.
This is a direct result of naked short selling in a company stock, according to Yahoo Finance.
So far, there’s been zero positive impact on the price from AMC being removed from the threshold list.
The only thing shareholders can do now is wait for the approved proposals to go into effect after AMC’s lawsuit has concluded.
Leave your thoughts on what’s happening with AMC today
The company has been through a lot, and so have shareholders.
Shareholders are either more level-headed than they ever were before, or more fearful — and it’s quite easy to see on social media.
How is AMC Entertainment standing in your eyes?
Is this just another bump on the road like we’ve seen in the past with AMC stock?
Or does it seem a little more serious?
Leave your thoughts below and share this article to get your voice heard.
Market News Published Daily
Market News Today – AMC removed from threshold list.
For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox.
Franknez.com is the media site that keeps retail investors informed.
Market News Today – Regulators Strengthen Punishment for Naked Short Selling.
(BK) The Securities and Futures Commission of the Financial Services Commission imposed a pecuniary penalty of 6.05 billion won (US$4.58 million) on two securities companies that committed naked short selling.
The Financial Investment Services and Capital Markets Act of South Korea was revised in April 2021 so that illegal short sellers will face pecuniary penalties instead of fines.
The two companies have become the first such case.
Today, naked short selling is illegal in South Korea, unlike covered short selling.
Investors in the United States have raised naked short selling concerns on social media, urging the Securities and Exchange Commission to model the practice of nations such as South Korea.
Previously, illegal short selling in the South Korean stock market was detected infrequently and violators could go almost unpunished.
This is because the maximum fine according to the act before the revision was 100 million won (US$75,694).
According to the amended act, the maximum pecuniary penalty is equal to the amount of illegal short selling.
In addition, violation may lead to at least one year in prison or a fine equivalent to 300 to 500 percent of the illegal profit or avoided loss.
This model is raising attention in the United States as the predatorial practice has dominated the industry for decades.
Naked Short Selling in America
Market News Today – Regulators Strengthen Punishment for Naked Short Selling.
Today, naked short selling in the American markets is given a blind eye.
Retail investors believe U.S. regulators to be complicit in the market injustices that occur on a daily basis.
(Singapore) Genius Group (NYSEAMERICAN:GNS) CEO Roger Hamilton has led CEOs to take legal action against naked short selling in the market.
He recently shared a petition on social media to end naked short selling in efforts to raise awareness of the illegal short selling strategy.
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist, per Investopedia.
The predatorial practice allows short sellers to short a stock without there actually being any stock available to short.
Roger Hamilton says he noticed something was wrong in his company stock after shares would plummet despite his company having strong fundamentals and funding.
This is when he began to speak publicly about what was happening to his company.
Another public figure who has spoken out against naked short selling is Jon Stewart.
Regulators have always had the power to stop the manipulation happening in our stock market but have created rules that cater primarily to hedge funds.
“The Game is Rigged” Says Ex-Citadel Data Scientist
Patrick McConlogue, an ex-Citadel Data Scientist said during the ‘meme stock’ frenzy that the stock market is rigged, claiming he helped design it.
“The game is not fair and it never has been. Individual investors, even when operating in a swarm, are destined to lose. How do I know? I helped design the game.”
The dilemma here is that institutions are able to get away with the ‘capitalism’ card every time an issue is brought to their attention.
SEC Chairman Gensler has said that the SEC cannot completely interfere with the industry due to a company’s capitalistic rights in America.
Which makes sense through a capitalistic view, however, there should be tougher laws in certain sectors and industries, especially those that have the power to create massive economic downturns.
Regulators in other countries have strengthened the punishment for naked short selling for a reason — the manipulation creates systemic risk.
The question is, how many times will the U.S have to see the collapse of markets and our economy to understand this?
Other countries have recognized these fallacies in their market, maybe it’s time the U.S does the same.
Leave your thoughts below.