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What acquisition ? Dan Ninnivaggy is in charge of getting funding and new partnerships but there is no news about any new fundings or partnerships. I believe those will come in time .
There is no need for dilution at the moment LMC has plenty of cash on hand . This is from the last Q
“At the end of the quarter, cash on hand was $236 million, approximately $32 million higher than the first quarter of 2022.“
Is that why Dan Ninivaggi bought around $2.50 and spent 50K of his own money about a month ago ? It makes a lot of sense now ! Thanks
Under the inflation reduction act, only about 11 of the 70-some electric vehicles in the market qualify for a tax credit.
“As it stands, Lordstown's Endurance and Foxconn's Fisker Pear are expected to qualify because of their more affordable prices.”
Sentiment : Bullish
"There's no question this latest legislation will directly benefit Fisker and the Pear that it's going to build at the Lordstown plant," Autoline Analyst John McElroy said, "
“As well as the Endurance pick-up that Lordstown motors are going to be built there.”
https://www.wfmj.com/story/47100479/will-electric-vehicle-tax-credits-help-voltage-valley
$3.75 coming soon again. Lordstown motors has Foxconn the manufacturer of I-phones .
Sentiment : Bullish
https://www.mih-ev.org/en/news-info/?id=1662
MIH Consortium, the Foxconn-initiated
open EV alliance that promotes collaboration
in the mobility industry, announced Edward
Hightower, CEO of Lordstown Motor Corp.
(MC) is joining as Advisor to the Board of
MIH Consortium.
Mr. Hightower has 30 years of experience
serving in product development,
engineering, manufacturing, commercial,
and senior executive roles between Ford.
BMW, and GM. He led GM's $15 billion global
crossovers business as the Executive Chief
Engineer and Vehicle Line Executive. At BMW,
he helped drive 5 Series sales, market share,
and profitability in the U.S. to record levels.
Edward Hightower will bring technical
expertise, go-to-market opportunities, and
connections of the North America
automotive industry to MIH.
Sentiment: Bullish
Tutes are adding shares of LMC
https://www.defenseworld.net/2022/08/16/lordstown-motors-corp-nasdaqride-shares-bought-by-mitsubishi-ufj-kokusai-asset-management-co-ltd.html
sentiment: Bullish
The EV sector will get back hot again. It’s a cycle but you never know when the wales decide to pour money in. EV is the future just look at Tesla . Lordstown motors is starting production very soon and according to Foxconn they already started small production scale of the Endurance.You can translate this article in Chinese.
https://money.udn.com/money/story/12926/6537385
Sentiment : Bullish
I believe there is a tidel wave coming here in the EV sector and LMC is well positioned https://finance.yahoo.com/news/inflation-reduction-act-a-rising-tide-for-the-entire-electric-vehicle-industry-analyst-135918712.html
Sentiment: Bullish
I’ll take it
Same here .
Oops! I sold too soon . Good luck here for the true longs .
Sold @.89’ and $.86 with a 8% profits in 2 days. I took your advise which seems to be bearish . Will re-enter . IMO
Yes they need to sell shares and this is how Mullen makes money now being a start up. The PPS needs to be higher above $1 or maybe $2.00 so short term we should see a surge . IMO
On the Hindenburg research is something that every shareholder should read with precautions. It’s not accurate by all means but it’s also has some questionable meaning.
Ok I can vouch for that . Thanks
Lol that is something I don’t like to do is scroll down old messages . But thanks.
I know more that want you think when you say that I don’t know anything about the company . I also read the Hindenburg report .
History repeats itself and many times in penny stocks it happens all the time . $MULN went from. $.60 to $4.00 in a matter of days . And now that BlackRock and Vanguard loaded over 20 million dollars in shares in Q2 it’s very possible for the same surge from $.80’s to $4-5 to happen again. IMO
It’s all who you know .not what you know .and you never know .
Well Mullen has to dilute but it’s not going to be all in one day !
Prove it to me that you made 200k . I bet you can’t!
Well I hope you have a fruitful investment with $MULN .
I will repeat myself again for you. This is factual information :
This is what I found and you can google this :
One thing that sets Mullen apart from competitors is its battery technology. Unlike other companies that rely on lithium-ion batteries, Mullen is using a 95-kilowatt-hour lithium-sulfur battery pack that will enable it to achieve a goal of less than $90 per kilowatt hour.Feb 24, 2022
$MULN
https://news.mullenusa.com/ev-manufacturer-mullen-announces-progress-on-solid-state-polymer-battery-pack-development?hs_amp=true
Sentiment : Bullish
Thanks for this article. I thought that BlackRock was the largest holder but it seems that Vanguard is. 11 million shares bought in Q2 of 2022. That is impressive.$MULN
This is what I found and you can google this :
One thing that sets Mullen apart from competitors is its battery technology. Unlike other companies that rely on lithium-ion batteries, Mullen is using a 95-kilowatt-hour lithium-sulfur battery pack that will enable it to achieve a goal of less than $90 per kilowatt hour.Feb 24, 2022
$MULN
https://news.mullenusa.com/ev-manufacturer-mullen-announces-progress-on-solid-state-polymer-battery-pack-development?hs_amp=true
Sentiment : Bullish
That all depends if it breaks $.78 then it could be a downtrend. And if it breaks $.89 then it could see $1.00. The volume has to be over 100 million to go over a buck. Any good news could be a catalyst.
Sentiment : Bullish
BlackRock the largest Fund manager of over 10 Trillion bought over 7 million shares of $MULN last Q.
https://eletric-vehicles.com/mullen/worlds-largest-asset-manager-blackrock-adds-7-2m-mullen-shares-in-q2/
Good post. Thanks
The catalyst is Mullen’s battery technology.Here is a recent article from SA.
Mullen: Well Positioned For The Solid-State Battery Race
Aug. 09, 2022 8:03 AM ETMullen Automotive, Inc. (MULN)28 Comments12 Likes
Marel profile picture
Marel
5.71K Followers
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Summary
All eyes are on Mullen's battery technology, which is arguably one of the biggest, if not the biggest, catalyst.
Who is this person lol?... Sounds like a bozo
Blackrock increased holdings of over 1000% in 2Q. Over 7 millions shares bought I believe and the most interesting part of this is that this was after the hindenburg attack.
Sentiment : Bullish $MULN
$2 + next week
What is your sell target ? Mine is double and play with profits
I’ll be happy with half the target of $12
I did my DD and have been watching this stock for a while. Dilution is how these companies make money ( selling shares ) until they can become profitable. News are catalyst for penny stocks.
If you want entertainment there is Netflix. This stock was $10.00 +++ in 2021 .
I would not go short here at ATL’s . You short when there is a run . I just made a double with RIDE and I’m investing here with profits .
Sentiment: Bullish
IMO