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BREAKING: Expert Says a MULN Short Squeeze is Highly Probable
JANUARY 29, 2023 / FRANKNEZ / 7 COMMENTS
Stock Market News: A MULN short squeeze could be underway soon according to experts.
Experts say positive news in the coming days to weeks is all Mullen Automotive (MULN) stock needs to trigger a short squeeze.
“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts. Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.
The company was able to finish 2022 strong with news after partnering with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.
Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.
In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.
Mullen Automotive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, February 13th, 2023 based off prior year’s report dates, according to MarketBeat.
MULN Short Squeeze Price Prediction
CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.
Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.
The current analyst consensus is a strong buy.
Now more analysts are saying all Mullen Automotive needs to trigger a short squeeze is favorable news in its next earnings report.
Entrepreneur says a flop could cause shares to slide, but retail investors are bullish on the automotive company.
In the past week, call options have dominated put options on Webull.
Today, we’re seeing MULN stock price consolidate as we get closer to earnings. Where the company stock price goes from here will depend highly on news catalysts.
If the company is able to demonstrate results and progress going into the new year, institutions might favor buying in heavily, squeezing short sellers in the process. MULN’s short interest sits between 10%-44% according to a few data analytic websites.
Much of the bearish action and suppression in MULN stock today is being done by dark pools and off exchange action, per MarketBeat. All the company needs to trigger a short squeeze is to give these bears a reason to run.
Will MULN Stock Go Up Soon?
Analysts say Mullen Automotive stock has formed a clear bottom in the $0.25-$0.36 that may easily turn into a reversal with good news from the company. A bounce here could send the price to retest $0.60 in a few days or less.
Bullish continuation above $0.60 could take MULN stock to the $1 level.
But it’s all going to depend on the company’s annual report and earnings according to Entrepreneur.
Experts are still giving MULN stock a year-term projection of $23 per share.
Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel. In December alone, 18 financial institutions purchased shares of Mullen Automotive. Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.
Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.
https://franknez.com/breaking-expert-says-a-muln-short-squeeze-is-highly-probable/
Why are we speculating Apple possibly wanting LUCID when the Saudi PIF owns the majority stake in the company?
More of the same. This stock represents the quintessential battle between bulls and bears, with all the shady goings-on of the stock market's underbelly rallying in the bears' favor! Our only saving grace is delivery news from the company to give it a good push.
Saudis own about 60% of Lucid and the was an article earlier about them working with Wells Fargo to buy out the rest
MADNESS!!! HALTED AGAIN!
Shorts can suck it!!! Shame SEC trying to protect them...SMH
Back underway!
LUDP code: Volatility Trading Pause 3 times in 22 mins!!!
01/27/2023 13:17:12 LCID Lucid Group, Inc. Cmn Stk NASDAQ
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01/27/2023 13:10:11 LCID Lucid Group, Inc. Cmn Stk NASDAQ
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01/27/2023 13:10:11 13:15:11
01/27/2023 12:56:45 LCID Lucid Group, Inc. Cmn Stk NASDAQ
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01/27/2023 12:56:45 13:01:45
C'MON SEC!!!
A year old! We need some real today-breaking DOJ investigations news to shake things up!
I think Ultium submitted in '20.
We just need a break here with this SP. One day gains = next day dump...all around $.30. Bears, thieving MMs and shorts refuse to let it breathe for more than one day at a time! Baby steps towards wheels-on-road are getting old...
Updated:@bollingermotors had 20 jobs open, added 2 more today, now with 16 open jobs so that says they hired 6 positions. It's happening
— jml (@jmllubber) January 26, 2023
$MULN https://t.co/TggzBZs7X4
MULN Stock Alert: Bollinger Motors Preps for Key Hires
The EV upstart is getting serious about its commercial fleet ambitions
By Josh Enomoto, InvestorPlace Contributor Jan 13, 2023, 3:58 pm EST
Bollinger Motors Attracts Laid-off Ford Workers, Michigan Partners Towards 2024 Launch
https://www.detroitnews.com/restricted/?return=https%3A%2F%2Fwww.detroitnews.com%2Fstory%2Fbusiness%2Fautos%2F2023%2F01%2F26%2Flegit-bollinger-motors-attracts-laid-off-ford-workers-michigan-partners%2F69826203007%2F
Still waiting for the daily bear/short attack that takes us below .30.
Mullen Announces Key Hires Across EV Programs
January 26 2023 - 10:30AM
GlobeNewswire Inc.
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via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today a number of hires who have joined the Company across its commercial van and truck program and Mullen FIVE EV Crossover programs in support of aggressive EV portfolio growth plans.
The individual new hires will be working across Mullen’s different facilities, including the Commercial Vehicle Team in Troy, Michigan; the Consumer Vehicle Team in Irvine, California; the Powertrain and Battery Group in Monrovia, California; the Manufacturing Plant in Tunica, Mississippi; and the Mishawka, Indiana factory.
“It’s exciting to see the growth across our different teams and locations in California, Michigan, Indiana and Mississippi,” said David Michery, CEO and chairman of Mullen Automotive. “Strategically, we have been adding very strong expertise coming from tier 1 suppliers, traditional OEMs and other EV start-ups. It’s very encouraging to see so many strong candidates reach out to us, looking to join the Mullen team.”
Mullen’s new team members come from a variety of well-known automotive brands, including, VW, Joyson, GM, Hyundai, Isuzu, Nexteer, Mahindra, Ford, Stellantis, Hyliion and Electra Meccanica. These new hires include the following individuals:
Product Development
Jerry Hu - President, Mullen Commercial Vehicles, formally VP of Key Safety Systems
Dave Adkins - Chief of Class 3 Commercial Vehicles, formally Chief Engineer of Izuzu
Raj Pai - Chief Engineer Commercial Vehicles, formally VP of Mahindra
Steve Ilenich - Director of Commercial Vehicles Quality
Dongyeol Kang - Director of Vehicle Program Purchasing
Mohamed Shaib - Director of ADAS
Seungho Choi - Director of Program Management Commercial Vehicles
Commercial Sales, Service and Parts
Paul Loewer - Senior Director, Product Planning and Product Marketing
Matt Gostek - Director, Service and Parts
Bob Sanseverino - Commercial Sales Director – West Region
Lance Buchanan - Commercial Sales Director – Southeast Region
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
https://greenstocknews.com/news/nasdaq/muln/mullen-announces-key-hires-across-ev-programs
That 10K reflects last fiscal year just after they took majority ownership in Bollinger, and before Mullen finalized the ELMS buyout (getting their plant in Indiana) on 1Dec22. It reflects nothing! The 10Q is due in less then 3 weeks (on or before 14Feb23). That will tell the tale of Mullen!
$TSLA doesn't seem to have any issues with attracting new investors. Their OS is 3,157,752,449.
Company: OS
TSLA: 3,157,752,449
F: 3,949,642,023
I wonder how long it'll be before we see an S-1 filed for $MULN
Mullen Announces Result of Special Meeting of Shareholders
Shareholders approve all proxy related proposals: company has no plans at current time to effect a reverse stock split
January 25, 2023 14:30 ET | Source: Mullen Automotive, Inc.
...
BREA, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today after its reconvened Special Meeting of Stockholders, that all proxy proposals have been approved.
The company has no plans at the current time to effect a reverse split. The Company has until March 6, 2023 to meet the Nasdaq minimum bid requirement of $1.00. If the share price of the Company’s stock falls short of the said requirement, the Company intends to seek an extension from NASDAQ to meet the required threshold. If such extension is granted, compliance of the minimum $1.00 stock share threshold requirement may be extended for a further 180 days until approximately September 6, 2023. If the Company still falls short of the minimum bid requirement, it will effect a reverse stock split at that time to maintain its Nasdaq listing compliance.
Mullen is also a member of the Russell 2000 Index through June of 2023, which requires a minimum stock price of $1.00 for inclusion. The Russell Index will rebalance in June of 2023, at which time, if the share price of the Company’s stock falls short of the minimum $1.00 threshold required, Mullen will evaluate if it is in the best interest of shareholders to initiate a reverse stock split for continued inclusion in the Russell 2000 index.
Additional details can be found on the Company’s recently filed SEC Form 8-K and subsequent 8-K filed post Special Meeting of Shareholders Jan. 25, 2023.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
To learn more about the Company, visit www.MullenUSA.com.
https://www.globenewswire.com/news-release/2023/01/25/2595577/0/en/Mullen-Announces-Result-of-Special-Meeting-of-Shareholders.html
I totally expected it to crater down to $.25. I was ready to buy and flip. Interestingly enough, an RS or an AS increase would serve the same purpose in the end...frees up space for equity financing (dilution). Human behavior is really confusing!
This volatility makes me sick to my stomach!!!
Increase in AS to 5B APPROVED!!!
$MULN #MULN 3rd day customer ride along so if you in Troy, check it out. #BollingerMotors #MullenAutomotive pic.twitter.com/75FivtErdq
— ChaCha 𝕏 (@chacha72kobe4er) January 25, 2023
$MULN Special meeting time. Depending on the outcome of that AS increase up to 5B vote, this will go UP or DOWN!
Less than a month to go. Lots of questions will be answered!
I wonder how important being on the Russell Index is to Michery. I have only heard Mullen mention the DAQ, so I'm assuming they're ok with falling off the Russell 2000 by not executing the RS by May so they can be ranked.
MULN Stock Alert: What Happened During Mullen’s Jan. 23 Court Hearing?
Mullen filed a petition to the Court of Chancery pursuant to Section 205 of the DCGL
1h ago · By Eddie Pan, InvestorPlace Assistant News Writer
https://sg.finance.yahoo.com/news/skywealth-financial-group-announces-launch-020000921.html
Skywealth Financial Group announces the launch of a real estate fund, deploying future investment strategies in the sluggish market
Skywealth Financial Group
30 October 2022·5-min read
HONG KONG SAR - Media OutReach - 31 October 2022 - Skywealth Financial Group announces the launch of a real estate fund, mainly investing in the Southeast Asian market. With the Hang Seng Index plummeting from 20,000 to 16,000, it is inevitable that the market raises concerns about a potential prolonged and devastating economic recession due to the epidemic. That said, the economy has yet to enter a hopeless territory on a macroscopic level. On one side, the Strong Dollar could be leveraged to capture exchange rate spreads by investing in other currencies. On the other side, triggered by the intensifying food and energy crises, inflation creates a huge room for appreciation of tangible assets. More importantly, amid the stock market downturn with rising interest rates, loads of high-quality land has been sold at discount, which is a great opportunity for investors to turn to the real estate market — high-yield real estate has also become the focus.
LMAO! Can't disagree with that.
Better looking vehicle than the one used in the stock photo! $MULN
$MULN #MULN pic.twitter.com/xnoXfDCtxs
— Duane (@BoysPadre) January 24, 2023
David Michery stated RS would only be enacted if they could NOT get an extension and/or price doesn’t reach the $1 mark for the required amount of time (bid for 10 consecutive trading days). Hopefully every SH tuned in.
https://www.otcmarkets.com/filing/html?id=16329696&guid=Q-2-kWOZB0I-B3h
https://www.otcmarkets.com/filing/conv_pdf?id=16329696&guid=Q-2-kWOZB0I-B3h
https://www.sec.gov/Archives/edgar/data/1391426/000190359623000060/0001903596-23-000060-index.html
https://ih.advfn.com/stock-market/USOTC/clean-vision-qb-CLNV/stock-news/90040515/securities-registration-statement-s-1
tem 5.07. Submission of Matters to a Vote of Security Holders.
On January 19, 2023, Mullen Automotive Inc. (the “Company”) reconvened its Special Meeting of Stockholders (the “Special Meeting”), which was adjourned on December 23, 2022. The purpose and proposals of the Special Meeting are described in the Company’s definitive Proxy Statement filed with the Securities and Exchange Commission (“SEC”) on November 25, 2022 and Amendments to the Company’s definitive Proxy Statement filed with the SEC on December 16, 2022 and January 13, 2023 (collectively, the “Proxy Statement”). Proposal No. 3, the Reincorporation Proposal, was withdrawn from stockholder consideration, as described in the Amendment to the Proxy Statement filed with the SEC on December 16, 2022.
As of November 21, 2022, the record date of the Special Meeting, there were 1,659,097,754 shares of common stock, 1,925 shares of Series A preferred stock, one share of Series AA preferred stock, zero shares of Series B preferred stock, and 1,211,757 shares of Series C preferred stock entitled to vote at the Special Meeting. Present in person (virtually via live audiocast) or by proxy at the Special Meeting were more than 33-1/3 percent of the outstanding capital stock entitled to vote at the Special Meeting, which constituted a quorum. The vote required for each proposal is described in the Proxy Statement.
The Special Meeting was partially adjourned to January 25, 2023, solely with respect to the voting on Proposal No. 2, the Authorized Share Increase Proposal (as described in the Proxy Statement). The Special Meeting will resume solely with respect to Proposal No. 2 at 11:00 a.m., Pacific Standard Time, on Wednesday January 25, 2023 via live audiocast. Stockholders can attend the reconvened meeting via the same meeting link as set forth in the Proxy Statement.
Below is a brief description of, and the final results of the votes for, Proposals No. 1 and 4:
Proposal No. 1 – The Reverse Stock Split Proposal: 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 unless needed 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.
Excluding the vote of the Series AA preferred stock from the stock entitled to vote on the Reverse Stock Split Proposal, the proposal was approved by a vote of stockholders as follows:
Votes For Votes Against Abstentions Broker Non-Votes
848,328,114 249,157,027 15,207,541 0
As described in the Proxy Statement, the outstanding share of Series AA preferred stock by its terms was to be voted, without action by the holder, on Proposal No. 1 in the same proportion as shares of common stock, Series A Preferred Stock, Series B Preferred Stock, and Series C Preferred Stock as a single class are voted. Therefore, the Inspector of Election at the Special Meeting also tabulated the vote on Proposal No. 1, including 1,300,000,000 votes represented by the Series AA preferred stock, which voted in the same proportion as the votes cast on Proposal No. 1, as set forth below. In addition, as described in the Proxy Statement, the outstanding share of Series AA preferred stock by its terms redeemed automatically upon the approval of Proposal No. 1 and the share of Series AA preferred stock redeemed was automatically retired and restored to the status of an authorized but unissued share of preferred stock of the Company.
Votes For Votes Against Abstentions Broker Non-Votes
1,853,195,066 544,290,075 15,207,541 0
Proposal No. 4 - The Nasdaq Listing Rule 5635(d) Proposal: To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), amendments to a securities purchase agreement to provide for the issuance of $150 million in notes and up to $190 million in additional shares of Series D Preferred Stock, each convertible into shares of Common Stock and warrants exercisable into shares of Common Stock, and any future adjustments of conversion price of the Notes or the Series D preferred stock or exercise price of the warrants The proposal was approved by a vote of stockholders as follows:
Votes For Votes Against Abstentions Broker Non-Votes
476,738,003 144,565,735 68,470,133 422,918,811
No other matters were considered or voted upon at the Special Meeting.
Not bad at all. Company needs funding to keep expanding. 7M avg volume over the last month and increasing will gobble up dilution in the near term if need be!
Securities Registration Statement (s-1)
January 23 2023 - 05:11PM
Prospectus for "Up to 23,000,000 million shares of Common Stock"