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You've been doing this since 2000. That's too long to not understand how these things work. I didn't say "all is good!" But, the sky is not falling. That RS is contingent...bottom line! Increasing the AS to 500B is ridiculous and would potentially invite terrible financing. Hopefully in the very near future, there will be no need because this company will be net+. I reiterate the point that the RS is contingent!!! GLTY!
Why would they need an RS before next year and the deadline for achieving $1 (10 days) is March '23? C'mon man, you're completely misguided here!
Blackrock may have to rethink their strategy. They're having some issues in FL. Check the news from the past couple of days.
You really believe $25K is a gamble to this guy?
Any EV play associated with China will move with news from what's going on with that country.
It's not an RS! It's an 'RS if needed.' The fallout from being delisted from the DAQ down to the OTC would be catastrophic in the long term and would reflect poorly on the company's management!
Exercised my god given right today! At a minimum, that 5B AS has to go!!!
Mullen Automotive Misses Deadline: So What?
The price action in Mullen Automotive came under intense pressure in the weeks leading up to the ELMS takeover. The cause was an anticipated deadline that turned out to be a non-news event. The deadline was for a definitive order for vehicles from an Amazon delivery partner that may yet still come.
Not getting the order did not cause a share price implosion and now there is a new catalyst to buy. The primary reason to short Mullen is the lack of production and revenue, which is now moot.
Mullen Automotive shares are up strong double digits on the news and on incredibly high volume. The average daily volume over the past month has been in the range of 155 million shares. The market hit that target within the first half hour of trading.
Assuming the market views this news as favorably as it appears shares of Mullen Automotive could complete a bottom and reverse course. Near-term targets are near $0.60 while mid- to long-term targets are in the $1 to $10 range.
https://www.valuewalk.com/are-the-short-sellers-still-right-about-mullen-automotive-stock/
$FOMC finance dept. done tomorrow w/inventory for auditors to trace to 2019-2020-2021 & punch SST audit into endzone; at same time working on 1Q 2Q 3Q financials to get the 10-Q's filed quickly after SST audit and regain SEC current reporting; light at end of tunnel is here...
— FOMO WORLDWIDE, INC. (@FOMO_CORP) December 1, 2022
Still chewing on this elephant. No need to go trying to shoot another one.
Looks like the entire advisory board membership has bailed!
On November 30, 2022, based on Board resolutions passed May 21, 2022, FOMO canceled 105,000,000 incentive warrants issued to former Advisory Board members who resigned, former Advisory Board members who were removed for cause, and to former consultants for non-performance. These actions reduce diluted shares outstanding by 105,000,000.
Yeah, with the ELMS logo on the front instead of the Mullen!
Seen it before. Buying in anticipation of news. Either sell on news or no news tomorrow or Thursday. Traders' dream here!
Fully loaded and in a holding pattern. $MULN
Surprised volume is so high at this point of the day. Expected everyone would be sitting on the sidelines waiting to see if this Delpack Logistics deal plays out.
VAN driver (DELIVERY) - FULL TIME - WEEKEND
Amazon DSP -
Fort Wayne, IN
Full Job Description
Are you interested in a new opportunity where you can work independently, and delight hundreds of customers every day? Apply to be a Delivery Associate today with Delpack Logistics.. We offer competitive compensation, benefits, a great company culture, and opportunities for growth. No delivery experience required.
https://www.simplyhired.com/search?q=delivery+driver&l=fort+wayne%2C+in&job=04UFiLEPkGgw4r_FLi873hvRQaxj_VP9q7DQkyc7L8HwW6ajAIoUGg
This is common info, but people on this board continue to post nonsense about RS coming next week. They wonder why retail goes running for the hills and they continue to bitch and whine about it!
Your optimism is deafening!
At least Polestar is getting after it again today
November has been brutal for $MULN shareholders! Ready for December.
Not sure I've seen a stock die so quickly!
9:45 rule.
Dear MULN Stock Fans, Mark Your Calendars for Nov. 30
Mullen could potentially deliver 300 Class 2 cargo vans by Nov. 30
- Mullen Automotive (MULN) could potentially deliver Class 2 cargo vans to DelPack Logistics by Nov. 30.
- The order would be “at the request” of DelPack.
- MULN stock is down more than 90% year-to-date (YTD).
https://investorplace.com/2022/11/dear-muln-stock-fans-mark-your-calendars-for-nov-30/
Really? I guess I'll go back and doublecheck. This is madness.
Not a bash - - why so optimistic in the short term when we are apparently marching quickly towards 5B OS with some institutional investors losing faith? Even if we achieve milestones, the company's $$$ situation isn't great.
Outlook is really bleak. I'm too stupid to follow suit. GLTU!
Then down again AH.
InvestorPlace has a special hatchet for $MULN. Don't know which way to go with these people!!!
9:45 rule always wins
Has a feeling of inevitability
Another useless 8K that no one cares about!!!
Vanguard and BlackRock Doubled Down on Mullen (MULN) Stock
The two firms purchased a combined 28.29 million shares of MULN stock
-BlackRock (NYSE:BLK) picked up 18.41 million shares of Mullen Automotive (MULN) during the third quarter.
-Vanguard purchased 9.88 million shares, increasing its existing position by 77%.
-Shares of MULN stock are down by more than 90% year-to-date.
https://investorplace.com/2022/11/vanguard-and-blackrock-doubled-down-on-mullen-muln-stock/
Institutions have already invested millions and look where the SP is. You really think they have that kind of control over the market? Like us, they use their $$ to buy a company's potential, that's it. What you are insinuating is called market manipulation and if it were that easy, the SEC would have its own branch of the FBI.
As I mentioned earlier, most retail investors have no idea what goes into a companies success. Ask yourself a question: What happens to the share price and S/H confidence (especially institutional) if we are delisted form the DAQ and end up on OTC? Seriously, take a second and ponder on that.
Thanks for that post! Good info.
I don't think it's so much the debt. It's more a lack of operating cash-on-hand, especially for an EV start-up. Apparently, these things burn thru $$$$ before becoming profitable. Look at LUCID's current situation.
Hell of a contingency. If S/Hs say no, he will cash it in and veto.
Companies don't raise the AS 'just in case.'
Definitely a plausible scenario which I pray doesn't happen. Best case, we end up seeing an 8K early next year cancelling the R/S (which in the current situation WILL be approved).