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Who cares about MULN when GM@ Is going crazy, lol
From Michery - "Results from a comprehensive 6-month EV market exploration study and conceptual benchmark test indicate that the Mullen FIVE is conceptually highly competitive with the Tesla Model Y and Ford Mach-E. Results will support Mullen’s U.S. Department of Energy’s ATVM Loan Application for $450M."
That didn't workout very well.
But there is more:
"In January 2024, Mullen Automotive, Inc. (MULN) requested a $50 million loan from the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) loan program to support its expansion into domestic battery manufacturing. The company also submitted a concept paper to the Department of Energy for $50 million in grant funding for its battery initiatives. The grant would support capital investment for plant equipment and tooling."
So Mullen has applied to the DOE for loans totaling $550 Million and received nothing.
IG
If you are going to throw out numbers without any facts you might as well have said $100.
"Will we hit 10$ next week? I think there is a good chance."
What is your reason for posting the pumping nonsense.
Michery issued a deluge of pumping press releases. Before the next Q is due on Wednesday 05/15/2024.
We will see the revenue then.
IG
Silver
You may be right that’s 5 cents a share pre split and FSRN is below that the question is are they both naked shorts
You're not very good at predicting, genius.
4.98 next week till next pumpathon
Will we hit 10$ next week? I think there is a good chance.
nice!! $muln is a scam...being manipulated as float is low after 3 reverse splits into oblivion.....still under pps of last R/S
More than likely the only way this thing stays above $6 by next Wednesday is if they announce some sort of purchase agreement. Those of us who have been here for a while have all shot that 'hopeium' of selling vehicles in our veins at some point in the past 2+ years and had a hell of a time in rehab after several lies and failures. Look at all the agreements to buy hundreds of Mullen vehicles that had us saying: "oh, it'll be different this time!" and NEVER happened. How are investors supposed to feel about that?
Mullen is just like Workhorse! When insiders finally decide to form a sustainable company after enriching themselves for years, it's too late. DM will use that same playbook for proping this thing up with share offerings, RS's and potential government subsidies but, like Workhorse, it will cost twice as much just to produce vehicles (which Mullen has yet to do), let alone sell them. Lordstown (RIDE) had a slow death! Workhorse (WKHS) is having a slow death. That scumbag of a CEO is no different!!! $MULN
Hopeium (colloquial, derogatory) - A clinging to unreasonable or unfounded hopes.
You apparently don’t know when you are being played.
But when the Q1 financials come out in a couple of weeks you will see that they didn’t book $33 million in revenue in the quarter let alone January. I would be surprised if it was over $750K…and not surprised if it was less than $500K.
You apparently haven’t been paying attention the last few weeks.
What “sales”? LMAO.
They can make ‘em…they just can’t sell ‘em.
They didn’t have $33.5 million in sales in January. I think the poster is referring to the “invoiced” or production quality.
The problem is they aren’t selling…there is no sales. They are sitting on RM storage lots.
Pretty sure most of us "doom and gloomers" have been here for over 2 years, or when the stock was at the current equivalent of $22,000 and change, per share....
$33.5 million? Huh? Where on earth are you getting that number?
They haven’t announced any sales. Only channel stuffing activity.
Could be 21st. No set date.
$33.5 million in sales in January alone, no announcements of sales since then. Been doing some dd. looks very interesting. earnings is expected next week for the first quarter correct?
That isn't my opinion - it is a fact. Obviously you haven't read the financials. It clearly shows that Mullen is shipping to RMA and only being paid when a sale is made.
Odd that RandyMarionMullen.com which was redirected to randymarion.worktrucksolutions.com.
Now there isn't any Mullen Vans or trucks on randymarion.worktrucksolutions.com.
IG
Notice how there was little talk when this was going up yesterday from the doom and gloom team
and today since it's dropped, they are out in full force? I am here regardless of up and down.
They can't say the same.
That isn't true - Michery has a well established record as a failure as a CEO.
"Mullen’s Founder, Chairman and CEO, David Michery led 5 failed penny stock companies prior to Mullen. 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.
Michery merged one of his prior entities as part of a 3-way deal with an individual who was later charged with criminal securities fraud and sentenced to 30 years in prison. Prosecutors alleged that the merger deal involving Michery’s prior company was part of the scheme."
Using AI I found a total of 10 companies associated with Michery that have failed.
David Michery, an entrepreneur and businessperson, has been at the helm of 10 different companies. Let’s delve into his notable positions and ventures:
Mullen Automotive, Inc.:
Chairman, President & Chief Executive Officer
Mullen Automotive, Inc. specializes in advanced electric vehicle & battery production, with its main product being the Dragonfly K501.
Founded by David Michery, this company has been making strides in the EV industry.
Mullen Technologies, Inc.:
Chairman & Chief Executive Officer
Mullen Technologies, Inc. is a subsidiary of Mullen Automotive, Inc.
It focuses on motor vehicles and consumer durables, particularly electric vehicles.
Primco Management, Inc.:
President & Chief Executive Officer
David Michery has been leading this company since February 6, 2013.
Seven Arts Music, Inc.:
Chief Executive Officer
A company in the entertainment sector, Seven Arts Music, Inc., has benefited from Michery’s leadership.
Former Positions:
iFinix Corp.: Chairman & Chief Executive Officer
Petro America Corp.: President & Chief Executive Officer
GL Energy & Exploration, Inc.: President & Chief Executive Officer
American Southwest Music Distribution, Inc.: President & Chief Executive Officer (both are subsidiaries of Petro America Corp.)
Shades Holdings, Inc.: President & Director
MNRK Music Group LP / Death Row Records brand: President
All American Communications, Inc.: Head-Urban Music.
Those that don't learn from history are doomed to repeat it.
IG
I understand it quite well. That is your opinion. I have heard differently.
And that opinion has worked out for me so far.
You don't seem to understand that Mullen has the worst agreement with RMA that isn't sustainable - Mullen rebrand the Chinese Vans and Trucks and delivers them to Mullen - but RMA doesn't pay Mullen until they make a sale - and 2 weeks ago RMA hadn't made any sells.
That is a recipe for Bankruptcy.
IG
Past does not determine present or future results.
The present does not look good for shorts.
Those shorting have made about 70% profit since the last reverse split.
Michery is in desperation mode as he is a pumping press release machine.
Another meaningless PR today.
Most shareholders have been crushed by the combined 1:22,500 reverse split.
Anyone shorting Mullen has done much better than any long.
IG
No sales news yet, but today's news is good for cash flow.
U.S. Department of Commerce Approves Mullen’s Tunica, Miss., Facility as Foreign Trade Zone
I’d be nervous too if I was short. Not like the old days.
#MULN 🔥 its ready? Lets break 7.75 and move big! $muln
Sales PR about to drop......somebody knows today......
X-ray vision...
Well,I talk too much.
Will buy
6.20 tomorrow...5.50 by Friday close
Day of missing out ...
May be,may be not.
who buys this fraud/scam EV hustle up to 7.60? money to BURN?
that's some serious bullsh't
Quote 22 k
Stick to your day job rook
Gl wayney
If the history of Mullen is the same - and I expect it to be investors should short Mullen before the financials are filed. Their Q1 was a disaster.
Those that shorted Mullen after each reverse split have done really well.
Short interest as a percentage of float above 10% is fairly high, indicating significant pessimistic sentiment. Short interest as a percentage of float above 20% is extremely high and shows extreme pessimism of the survival of Mullen.
IG
The real shorts are short around $22,000 per share, I don't think they even bother looking at the day to day price anymore.....
Yep, figured you were getting nervous.
The Sword of Damocles is hanging over the heads of the true believers - because this is the same story each time Michery does a reverse split - because he can dump more Shares.
The Death Knell is ringing in the distance as 05/15/2024 draws closer the Bell rings louder - as Michery better have a great deal of revenue or the price will be in a death spiral.
"When Mullen Automotive (NASDAQ:MULN) released its Q1 results on Feb. 14, traditional investors might have felt a pang of despair. The zero-revenue electric vehicle firm lost another $376 million in a single quarter — an impressive feat for a firm worth only $400 million on public markets. Corporate governance watchdogs would have also balked. CEO David Michery and other officers were awarded $36 million in stock compensation for that performance — an incredible payday for a firm that has yet to build a single production vehicle of its own."
IG
So sad, I'm sure you could have gotten something for the pump.
JMO
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Moderators Wayne R SILVERSURFER4263 Huggy Bear Dragon Lady |
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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