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With zero revenue from EV sales ...
More Exec salaries to pay out?
Also, since he PRs when the hire, shouldn't he also PR when they leave? Where did all these vacancies come from?
Michery is pumping so much that it is obvious he is desperate.
How many press releases about hiring someone and it is more fluff.
"Mullen has appointed Alain Van Munster as its new VP Europe Middle East and Africa (“EMEA”)."
"announces today the appointment of Marianne McInerney as Chief Strategy Officer."
"announces today the hiring of Donald Borthwick as its Vice President of Commercial Sales."
"announces today the hiring of John Schwegman as its chief commercial officer (“CCO”)"
"announces today the hiring of Richard Curtis to President of International Operations for Mullen Automotive."
"announces today a number of new hires that have recently joined Mullen Automotive. Key hires have been added across vehicle engineering, vehicle integration, powertrain systems and manufacturing in support of EV vehicle programs:
Product Engineering:
Robert Huotari – Director of Interiors
Mark Jenkins – Design Engineer
Ameil Kapadia – Sr. Manager, BIW Engineering
Manufacturing:
Cesar Aguirre – Manager BIW Advanced Manufacturing Engineer
Amanda Hancock – HR Manager
Allen McDonald – Plant Controller
Kyler Ohl – IT Systems Architect
John Roberts – Facilities Supervisor
Jesse Satterfield – Manager, PC and L
Jack Saylor – Production Manager/Tech Specialist
Michelle Saylor – Global Manufacturing Assistant
Vehicle Integration:
Vedanth Basappa – Manager, Virtual Simulation
Scott Newton – Packing Engineer
Thermal Systems:
Albert Lizardo – Senior Manager"
"announces the promotion of Mullen executive John Taylor to the role of senior vice-president of Global Manufacturing and Strategic Planning."
IG
MICHERY is desperate AF to keep this fraud on nasdaq
Silly people buying this stock on news of hiring some executive. Don't they know the same thing happened when Mullen hired ex-Tesla execs and look how that turned out! Don't trust any news from Mullen unless it's actual and verified sales!!!
I think it would be a fun MULN exercise/game for those that reading filings and wants to participate to post your favorite paragraph in the Schedule 14A posted by MULN today just for educational entertainment value. We're all onto david's antics. I personally find david quite entertaining as he does his job well. As a ceo his main job/priority is to raise capital. He does that quite well and my hat is off to him. I think david and joe would make good golfing buddies if they had reason to have a conversation. I don't believe that is in the cards though. They both do/did well with the companies they involved themselves with. Our jobs as stock traders is learn to spot red flags early and often to minimize losses and increase our gains. Hopefully david finds my antics as entertaining as I find his antics. Now on to my favorite paragraph:
"If, during restricted period, the Company effects a subsequent financing, including the issuance of options and convertible securities, any Common Stock, issued or sold or deemed to have been issued or sold for a consideration per share less than a price equal to the current conversion price of the Notes or exercise price of the Warrants (a “Dilutive Issuance”), then immediately after such issuance, the conversion price or exercise price, as applicable, will be reduced (and in no event increased) to the price per share as determined in accordance with the following formula:"
20 million new shares and strangely MULN gets no money from issuing them.
I guess that is in line with their business model of shipping and invoicing, but the buyer doesn't have to pay unless he sells something....
Respectfully, with the countless $Ms these crooks make on selling shares with RS, those vehicles can sit rusting on a lot and they would still be around. We've been witnessing this for the past 3 years.
the guy is a CAREER con ARTIST that made @ 100 million yet THE SEC DOES NOTHING
This company is going bankrupt
Why would the board stop him? He's making them $$$MMMs! Too many people bought into that 'oh, we may go bankrupt' bullchit, screaming about how desperate the company is, when all along DM was using that as a prelude to dropping that S-1. This guy is truely diabolical!!!
MICHERY has no fear...and his bod allow him to reap millions...while destroying the company..its disgusting especially its on the NASDAQ
MULN-a-CON: MOTHER OF ALL DILUTION IN-COMING !!!
💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️
Just an FYI on @Mullen_USA. In announcing their partnership with Lawrence Hardge, they stated in a PR and SEC filing that "In the late 90s, Lawrence was convicted of a state crime, which was ultimately expunged." Is this true? @hardge_law87778 $MULN #MULN pic.twitter.com/6VdqvCUI0I
— Post Hoc (@PostHoc94107) May 18, 2023
Just an FYI on @Mullen_USA. In announcing their partnership with Lawrence Hardge, they stated in a PR and SEC filing that "In the late 90s, Lawrence was convicted of a state crime, which was ultimately expunged." Is this true? @hardge_law87778 $MULN #MULN pic.twitter.com/6VdqvCUI0I
— Post Hoc (@PostHoc94107) May 18, 2023
$MULN Founder, Chairman and CEO, David Michery led 5 failed penny stock companies prior to Mullen.
— Hindenburg Research (@HindenburgRes) April 6, 2022
Two had their securities registrations revoked by the SEC, two terminated their securities registrations, and the last one merged with a speculative gold mining company. pic.twitter.com/nUcYJJtisR
For its electric SUV, $MULN previously announced it received an order for 10,000 vehicles, representing $500 million in potential revenue. We called the South Florida contractor firm that placed the order. It currently has only around 11 vehicles, none of which are electric. pic.twitter.com/ovfDwCman1
— Hindenburg Research (@HindenburgRes) April 6, 2022
Previously, $MULN had announced purchase orders valued at $60 million for 1,200 Class 2 commercial EV fleet vans. The order came from a small cannabis retailer with only one location, a mailbox drop address & new online store. pic.twitter.com/XIRLAEVwY5
— Hindenburg Research (@HindenburgRes) April 6, 2022
That is horrible - if the SEC is interested any funds they extract they can setup a Fair Fund to distribute money they received from Mullen.
You could also file a lawsuit against Michery as they might have D&O insurance. I would choose a securities Attorney - call Brenda Hamilton and see if she will take the case on a contingency basis.
I will try and contact my connection in the SEC. The person never gives me a heads up - and if it isn't in their Jurisdiction they get it to the right person.
It is time to take action.
IG
I will help you or others.i lost my life's savings in IRA to this POS shyster con artist greaseball
Once that S-1 goes effective the dilution will be relentless over the next year.
Esousa 2.0.
Someone has to put together a detailed report together about all of the Michery fraud. No hyperbole just facts.
The amount of problems with Mullen is a bit overwhelming - there is Lawrence Hardge - Michery and his pumping press releases - his neglect of his fiduciary responsibilities - the Mullen financials.
I know one person who would be perfect but I believe he is very busy. Also TradeGopher would be a great candidate - plus there is two others.
I would do it but I am helping a friend launch a business.
The SEC wants those that do real DD to do the heavy lifting.
IG
Michery is in desperation mode with a deluge of press releases.
Michery is pumping his ass off by recycling a press release from July 2023.
"BREA, Calif., July 11, 2023– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces PowerUP, Mullen’s new mobile EV charging truck that can deliver level 2 and level 3 DC fast charging capabilities in scenarios where such power is not available, including roadside assistance and emergency response where immediate power is required for recharging electric vehicles or emergency power backup.
PowerUP will be featured on Mullen’s upcoming 2023 "Strikingly Different" EV Tour, providing level 2 and level 3 DC fast charging to power Mullen’s EV’s while on the road and is available now for sale via advance orders."
From today:
"BREA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the development of a ZERO-EMMISSIONS version of PowerUP, Mullen’s mobile EV charging solution, that will now be offered on the Company’s own Class 3 all-electric cab chassis truck"
From the financials none have been sold.
IG
how the fukk does the SEC and DOJ not see thru this EV Hussle yet and indict michery and enousa/aquitas?
bury that mofo ...disgorge and prison for slimy crimewave Dave michery
EV hustle FRAUD of the decade $muln
Michery tried to use for the GEM loan and not pay it by saying that GEM wasn't a broker dealer but it Failed and it went to Arbitration and the Judge ordered that Mullen put $7 Million in an Escrow account. The Arbitrator ruled in favor of GEM but the amount was redacted but I believe the Amount awarded GEM is between $25 - $30 million. Which will expedite Mullen into Bankruptcy.
I haven't checked recently does anyone know how the Spoofing lawsuit is going?
IG
Hi I-Glow! Another Esousa Holdings share purchase agreement I see. As much as david and Esousa have made off of their business relationship together, I can't help but wonder if the two ceo's alternate going over each others house for thanksgiving every year. Sometimes business and pleasure do mix well. David could put out a really nice thanksgiving dinner with the $6 million from the purchase agreement. 👌
I asked my AI Assistant to provide a list of companies that David Michery had been involved in - here are the results - there is more but I need to tighten up my prompts.
"David Michery has been involved with the following companies:
1. **Breakaway Entertainment** - Founder, established in 1997?11†source?.
2. **Mullen Technologies, Inc.** - Founder and CEO, established in 2014?10†source??11†source?.
3. **Mullen Automotive, Inc.** - Founder, Chairman, President, and CEO, established in 2010?10†source??11†source?.
4. **Primco Management, Inc.** - President and CEO since 2013?11†source?.
5. **Seven Arts Music, Inc.** - CEO?11†source?.
6. **GL Energy & Exploration, Inc.** - Former President and CEO?11†source?.
7. **iFinix Corp.** - Former Chairman and CEO?11†source?.
8. **American Southwest Music Distribution, Inc.** - Former President and CEO?11†source?.
9. **Petro America Corp.** - Former President and CEO?11†source?.
10. **Shades Holdings, Inc.** - Former President and Director?11†source?.
11. **Seven Arts Entertainment, Inc.** - Former Executive Director?11†source?.
12. **Tunica Advanced Manufacturing and Engineering Center (AMEC)** - Related to his work with Mullen Technologies, where the facility plays a key role in assembly and production?13†source??14†source?.
These companies reflect Michery’s diverse involvement in entertainment, energy, automotive, and technology sectors, showcasing his extensive executive and entrepreneurial experience."
I will keep digging as I am playing catch up on AI.
IG
Dilution machine has warmed up and ready for the high gears!!!
Of worthless shares.
If anyone in the $MULN community needs a reminder of what an absolute PR disaster looks like on national TV, here's #ChineseEV rebrander Mullen Auto's CEO caught like a deer in the headlights when probed about his INSANE bonuses on @FoxBusiness. #ACTEXPOhttps://t.co/ikcUzAutKT
— Trade Gopher 🇺🇦 (@TradeGopher) May 23, 2024
MULN is the fraud EV hustle of the decade
MULN news, once again it is unclear if any money will ever change hands.
I'm not up on the technology, but is using a propane based charging system in an electric vehicle actually a wise idea?
Saw a garage explode once, small leak from a propane tank and when the freezer kicked in, well, the results weren't pretty.
Woohoo!
I'm gonna see if Davie boyo needs someone to mow his lawn.....
Run for your lives
$muln
— Dookie Dodger (@timgeocke) May 20, 2024
David needs to get payed somehow.
The hell with the investors.@DavidMichery @Mullen_USA pic.twitter.com/cewl6AYR2z
...and people say Mullen can't sell anything!!!
Shares for all my friends!!!
Form S-1 - General form for registration of securities under the Securities Act of 1933
$MULN 'Crimewave Dave!' 'Dilution Dave!' 'Pigface Dave!' I love these monikers!!!
MULN is a SCAM/FRAUD since inception let by a 5x con artist who raped this PUBCO blind...punto
The new China thing rule must be in play as well, I saw it briefly 100percent duty.
Gotta put MULN in an even worse place than it was before, what with idiot management.
Mullen is going to have to dilute the stock to the tune of at least $12.5 million a month over the next year…and as the price drops the number of shares needed to meet that $12.5 million is going to go up…it’s a vicious circle.
They don’t call it toxic death spiral financing for nothing.
If a tree falls in the forest with no one around, does it make a sound? Dogface scumbag Michery doing his usual thing with $MULN stock today. Hopefully the world has more believers now than it did a week ago. Down almost 14% on 2.8M volume!!!
They know as TK posted - Mullen sold one vehicle.
IG
I wonder if the sellers know something.
They have only sold ONE (1) Class 1 vehicle in the last six months.
There is no way their model works.
This is simply Round 2 of the Esousa Holding toxic financings.
Round 1 led to a >99.99% drop in the stock.
Round 2 will lead to a 99.9% drop at least. It will take about 12-18 months.
Holders through Round 1 have nothing left.
Those holding in Round 2 have obviously learned nothing.
As they say…”Fool me once, shame on you, fool me twice shame on me”.
Those people deserve what is coming…
In a word: 'shares.' Everybody gets shares: officers, employees, consultants. All laid out in the filings under 'share-based compensation' section. Pure madness TBH.
How does a company survive with the Mullen business model?
"To date, Mullen has delivered 121 Class 3 vehicles for a total of $7,623,000 invoiced.
Company focused and on track to deliver 150 vehicles by EOY 2023.
Vehicles delivered are part of Randy Marion’s 1,000 Class 3 purchase order.
BREA, Calif., December 26, 2023– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces 63 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the Company invoicing RMA for $3,969,000.. To-date, The Company has delivered 121 Mullen THREEs to RMA for a total of $7,623,000. The Company is on track to deliver 150 Mullen THREEs by EOY 2023."
Mullen at the time of the. Press release had delivered RMA 121 Class 3 vehicles and only sold one.
fraud scam of the decade $muln
It was only good for pumping purposes anyway.
They basically wrote off almost all of their Bollinger investment.
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Moderators Wayne R SILVERSURFER4263 Huggy Bear Dragon Lady SmellMyFinger |
I.P.O.'D @ $13/ BIG TIME STORY/ #muln #stock #mullen $MULN NEW TRADING/MULN Stock:
The Biggest Short Squeeze in HISTORY or SELL it ALL? ??
1,111 viewsFeb 28, 2022
https://www.youtube.com/watch?v=73n0UiGxvDE&ab_channel=MoonMarket
E.V. PLATFORM;
MULN [NASD] |
Mullen Automotive, Inc. |
Consumer Cyclical | Auto Manufacturers | USA |
https://www.mullenusa.com/
Index | - | P/E | - | EPS (ttm) | -10.64 | Insider Own | 28.60% | Shs Outstand | 17.47M | Perf Week | -11.55% |
Market Cap | 21.60M | Forward P/E | 0.92 | EPS next Y | 0.75 | Insider Trans | -0.33% | Shs Float | - | Perf Month | -78.36% |
Income | -80.70M | PEG | - | EPS next Q | 0.16 | Inst Own | 3.30% | Short Float | - | Perf Quarter | -92.19% |
Sales | - | P/S | - | EPS this Y | -536.60% | Inst Trans | 46.73% | Short Ratio | 0.16 | Perf Half Y | -93.52% |
Book/sh | -0.60 | P/B | - | EPS next Y | 294.70% | ROA | -265.40% | Target Price | 23.00 | Perf Year | -93.31% |
Cash/sh | 0.00 | P/C | - | EPS next 5Y | - | ROE | 532.00% | 52W Range | 0.52 - 15.90 | Perf YTD | -86.85% |
Dividend | - | P/FCF | - | EPS past 5Y | 3.70% | ROI | - | 52W High | -88.42% | Beta | 2.55 |
Dividend % | - | Quick Ratio | 0.50 | Sales past 5Y | - | Gross Margin | - | 52W Low | 253.96% | ATR | 0.28 |
Employees | 44 | Current Ratio | 0.50 | Sales Q/Q | - | Oper. Margin | - | RSI (14) | 46.64 | Volatility | 27.83% 20.24% |
Optionable | Yes | Debt/Eq | - | EPS Q/Q | -431.40% | Profit Margin | - | Rel Volume | 88.85 | Prev Close | 0.69 |
Shortable | Yes | LT Debt/Eq | - | Earnings | - | Payout | - | Avg Volume | 6.99M | Price | 1.84 |
Recom | - | SMA20 | 7.64% | SMA50 | -47.36% | SMA200 | -78.15% | Volume | 492,790,936 | Change | 167.53% |
02-07-2021
PER IHUB MGMT
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