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I guess they don't. Remarkable!
You really believe that the company is responsible for dumping into the news?
Maybe Michery has enemies
I sure hope they diversify so Mullen can get a piece.
Why would any company do a reverse split? The only way (right now) to get the funding that WE ALL KNOW these EV companies NEED to keep operating is to take on dilutive funding. Mullen isn't Lucid who is in bed with the Saudis. In order to have enough OS available to absorb debt conversion when it happens, they have to a high enough AS.
It's either decrease the OS or increase the AS. That's why if you read the 14A, you'll see all of the 'ifs' that are inserted in the filing.
Not true! That is not the rumor! There are a lot of 'ifs' built into that 14A and any attempt to predict how this plays out is a flat out misdiretion.
Not selling? Says the same folks who flip at a $.01 - $.02 rate continuously. Get real!!!
$MULN is in a perpetual cycle of manipulation. The shorts (coupled w/ whatever dilution is left) have a firm grip on the price action. It makes absolutely no sense to buy at this point because it will just end up being bags! Not worth it until we get '23 EOQ1 results. IMO.
$FOMC it is official, FOMO WORLDWIDE has recovered one million Series B Convertible Preferred shares from SST's founder in exchange for a $100K 0% three-year junior non-convertible redeemable payment obligation; this action reduces diluted shares O/S by one billion.
— FOMO WORLDWIDE, INC. (@FOMO_CORP) December 19, 2022
Lucid Group, Inc. Announces Successful Capital Raise of Approximately $1.515 Billion
5:16 PM ET 12/19/22 | Dow Jones
NEWARK, Calif., Dec. 19, 2022 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has completed its previously announced "at-the-market" equity offering program.
Through the program, Lucid sold more than 56.2 million shares of its common stock for gross proceeds of approximately $600 million.
The successful capital raise of approximately $1.515 billion, which includes approximately $915 million that Lucid expects to raise through the private placement of approximately 85.7 million shares to an affiliate of the Public Investment Fund ("PIF"), Ayar Third Investment Company ("Ayar"), pending settlement in December 2022, will be used, as previously disclosed, for general corporate purposes, which may include, among other things, capital expenditures and working capital. As previously disclosed, the price that Ayar is paying in the private placement equals the volume-weighted average price achieved in the "at-the-market" offering. This private placement is not a part of the "at-the-market" offering and is in addition thereto. Subject to certain exceptions, Ayar has agreed not to, among other things, offer, sell, pledge or otherwise transfer any shares of our common stock for six months after the date of the private placement.
Lucid expects that the additional capital raised will further strengthen its balance sheet and liquidity position.
$OTTV Sports Book and Lottery coming soon. Thank you for the Love & Support. @koa_studios @vivaentgroup @Soleiloficial @IamLuisGuzman @bettingtalk_ pic.twitter.com/kCdIpuBDmH
— Vivalive TV Official (@vivaentgroup) September 28, 2022
Very nice vid!!! So, 1: production vehicles onhand, street-ready for in-person demo; and 2: they belong to Mullen. Doesn't get any better...exciting times - 2023, here we come!!! $MULN
Holding up pretty good today for a Friday!
$FOMC has agreed to structure accrued comp, remaining salary through 02-28-2023, 1.5% override on 2021 sales, and other with SST founder into a $284K 3-year junior convertible note @ .0014; **SST FOUNDER TO RETURN 1 BILLION SHARES TO COMPANY REDUCING DILUTION BY 800 MILLION**
— FOMO WORLDWIDE, INC. (@FOMO_CORP) December 16, 2022
The purpose of the Special Meeting will be to consider and vote upon the following proposals:
(1)
Proposal No. 1?—?An amendment to the Company’s Second Amended and Restated Certificate of Incorporation, which amendment will not be filed prior to the later of March 6, 2023 and 180 days after such date (which later date depends on whether Nasdaq Stock Market LLC grants the Company an additional 180-day extension to regain compliance with Nasdaq listing rules), to effect a reverse stock split of our outstanding shares of common stock in an amount not less than 1-for-2 shares and not to exceed 1-for-25 shares, with the exact ratio to be set within that range at the discretion of our Board of Directors (the “Reverse Stock Split”); provided, however, that the Company will not file such amendment before May 1, 2023 to effect the Reverse Stock Split in order to maintain continued inclusion in the Russell 2000, which requires a minimum stock price of $1.00; Notwithstanding the foregoing, if Proposal No. 2 is not approved at the Special Meeting, then the Board of Directors may effectuate the Reverse Stock Split at any time, and at such, time and date, if at all, as determined by the Board of Directors in its sole discretion, but no later than December 1, 2023, when the authority granted in this proposal to implement the Reverse Stock Split would terminate;
Here we go!!!
Here's the reasons why they halted:
T1 Halt - News Pending
Trading is halted pending the release of material news.
T2 Halt - News Released
The news has begun the dissemination process through a Regulation FD compliant method(s).
T3 News and Resumption Times
The news has been fully disseminated through a Regulation FD compliant method(s); or NASDAQ has determined either that system misuse or malfunction that caused extraordinary market activity will no longer have a material effect on the market for the security or that system misuse or malfunction is not the cause of the extraordinary market activity; or NASDAQ has determined the conditions which led to a halt in an Exchange-Traded Fund are no longer present. Two times will be displayed: (1) the time when market participants can enter quotations, followed by (2) the time the security will be released for trading. All trade halt and resumption times will be posted in HH:MM:SS format.
Just checked SEC website. Quote will return at 0945 and trading will resume at 0950
We're not seeing $1 until we start delivering vans
Absolutely nothing! It will reset once it recommences
At the rate of these substantial PRs, just might
Wait, I thought Mullen was a scam. Now they're receiving orders for vans...6,000 vans?!
Nice!!!
Saudis won't let him come near that company!
One of 'em already jumped on the bandwagon!
$.25!!!
⚡Mullen Automotive Partners with Loop Global to Deploy EV Charging Solutions Including a Public DC Fast Charging Network and Residential Offerings⚡ https://t.co/ld7UMqLJk5$MULN #EV #EVFleet #MULN pic.twitter.com/HD9BeLLATc
— Mullen Automotive (@Mullen_USA) December 14, 2022
Wow, what a wall at .24
Oh wow, I thought $MULN was a scam? All this news makes me want to go out into the woods and hug a bear!
We're getting there! The more positive articles, the more visibility!!! $MULN
Mullen Automotive Shifts Into Higher Gear
December 13 2022 - 05:51PM
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Mullen Automotive announces its 1st US dealer partner. The news is the latest in a string of positive catalysts for the company. Production of flagship vehicles is expected to begin within months. Mullen Automotive (NASDAQ:MULN) just issued another press release that has shifted the outlook for the company into higher gear. The company says Randy […]
https://www.valuewalk.com/mullen-automotive-shifts-into-higher-gear/
TK, I'm tracking what you're saying. Believe me, I'm not blindly following this scumbag. They're all scumbags...comes with the territory. Everything I say, I say with my fingers crossed behind my back. '23EOQ2 will be the end game for me. Either I lose my $45K, or I finally get a big win. I do appreciate your feedback and remain cautiously optimistic with this stock. GLTY!
Key is to make them buy back in at a higher price. Shorters and flippers are like the Vikings raiding our progress daily!
Mullen Signs First U.S. Dealer Partner, Randy Marion Automotive Group, as Company Prepares for 3 Commercial Product Launches in 2023 https://t.co/UPGeqFkXND$MULN #CommercialEV #EVFleet pic.twitter.com/6iTojwzHOf
— Mullen Automotive (@Mullen_USA) December 13, 2022
ELMS already has vans sitting in the packing lot (not sure how many). We saw photo proof of that. They just needed to be rebranded with the Mullen logo, but couldn't because the deal wasn't completed until 1DEC22.
Sorry, went back thru my notes. Bollinger looking to deliver 23Q1. I still maintain that Bollinger will carry Mullen's water thru 23Q2. 2022 is a complete wash and the infrastructure IS in place for 2023! $MULN
Double up at 5. Why the hell not!!! $LCID hates me!
Not true. ELMS filed for bankruptcy in mid Jun. Check it.
There was no delivery because the ELMS sale was not even completed. What's the status of that transaction now?
ELMS Selects Randy Marion Automotive Group as First Strategic Distribution Partner
-Randy Marion Automotive Group (RMA), one of the largest commercial fleet dealers in the nation, selected as ELMS’ first Strategic Distribution Partner for the Urban Delivery
-RMA is expected to order 6,000 Urban Delivery EVs subject to the finalization of the commercial relationship
-ELMS also partnering with RMA for testing with existing and potential RMA customers
-The ELMS Urban Delivery is anticipated to be the first Class 1 commercial EV available in the U.S. market and is expected to offer fleets a lower total cost of ownership versus competing gas vehicles
May 19, 2021 08:00 AM Eastern Daylight Time
TROY, Mich.--(BUSINESS WIRE)--Electric Last Mile, Inc. (“ELMS” or “the Company”) today announced a new collaboration with Randy Marion Automotive Group’s commercial division (“RMA”) that selects RMA as the Company’s first Strategic Distribution Partner to help execute the launch of the Urban Delivery. By partnering with RMA, ELMS believes it can bring the anticipated first Class 1 commercial EV available in the U.S. market to fleet customers of all sizes and geographies across the country.
The agreement between ELMS and RMA, one of the nation’s largest commercial dealerships, also proposes to cover an order of 6,000 Urban Delivery vehicles subject to the finalization of the commercial relationship. This would represent a significant portion of ELMS’ initial launch volume through the first half of 2022 for RMA’s commercial fleet customers.
“Our fleet customers are seeking solutions that both address their sustainability goals and also drive their bottom line,” said Randy Marion, founder and CEO of RMA. “After presenting the Urban Delivery, the demand from our customers across the country has been overwhelming, and by working with ELMS, we expect we can deliver them the first Class 1 commercial EV in the U.S. market.”
“We are thrilled to have the opportunity to work with Randy Marion Automotive Group, one of the largest and most prominent commercial dealers in the country, to combine our anticipated first-to-market Class 1 commercial EV with an established commercial fleet customer network,” said James Taylor, co-founder and CEO of ELMS. “This is really a new and bold approach by Randy Marion to jump the curve on fleet electrification, and a strong validation of our differentiated business model and expected first mover advantage in the Class 1 commercial EV space.”
ELMS further announced that it is working with RMA and several of their long-term fleet customers and others across several industry verticals to initiate trials of the Urban Delivery vehicle. Customers that are scheduled to participate in testing include a California FedEx Delivery Service Provider, a regional plumbing services company, an east coast-based HVAC systems provider, a major university and a southeast produce distributor. ELMS plans to provide more details on customer testing in the near future.
With the Urban Delivery, ELMS is working to deliver fleets the most reliable and efficient last mile solutions, combining integrated deep data analytics, customization and sustainable engineering.
The ELMS Urban Delivery is anticipated to have approximately 150 miles of range and provide 170 cubic feet of cargo space, which is estimated to be approximately 34% more than the current leading gas model in the Class 1 commercial vehicle segment. The Urban Delivery is also expected to be offered at a net price of $25,000 based upon the presently available U.S. federal tax credit of $7,500, giving it a lower expected total cost of ownership compared to existing gas competitors. ELMS also expects to equip the Urban Delivery with a data and connectivity suite to maximize fleet efficiency and plans to customize vehicles through its integrated upfitting operations and partnerships.
In December 2020, ELMS announced its intention to merge with Forum Merger III Corporation (Nasdaq: FIII). Upon closing of the merger transaction, the combined company will be named Electric Last Mile Solutions, Inc. and the common stock of Electric Last Mile Solutions, Inc. is expected to be listed on the Nasdaq Capital Market under the new ticker symbol, “ELMS.” The merger is expected to close in the second quarter.
About Electric Last Mile, Inc.
ELMS is focused on redefining the last mile with efficient, connected and customizable solutions. ELMS’ first vehicle, the Urban Delivery, is anticipated to be the first class 1 electric vehicle in the U.S. market. The company is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com or Twitter @ELMSolutions.