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Yeah I saw that. Weird. There is no evidence it is an active business.
This Grupo Cavel PR smells like another Hardge play. As far as I can tell the company has no website or much of any web footprint. You do a search on the company and the first hits are the Mullen PR. And this Tavarez dudes LinkedIn profile is decidedly unimpressive.
Michery typically trying to spin this into something that sounds a whole lot better than it actually is for the PR value.
Where does he find these guys?
This is what amounts to a “pop” for MULN these days.
It doesn’t last…and runs on average about 4-5 down days for each up day.
It’s funny how 7’s were once dreaded and now celebrated in some forums. LMAO
Accounting for the RS’s that is the equivalent of over 132 BILLION shares pre-splits.
They started out at less than 30 million.
lol.
It’s a form of Stockholm Syndrome.
To admit one has been scammed could create a painful level of cognitive dissonance … so the best thing is to simply deny it.
You’re lucky. Many people have lost six figures.
It’s funny as hell. It’s not like folks weren’t warned…repeatedly.
The reality is EV vehicles are safer in aggregate than gasoline powered vehicles when it comes to fire risk.
Now is a fire that burns for 3-5 hours at 5000 deg. bad? Sure.
But driving around in a vehicle that carries a combustible equivalent to 100 sticks of dynamite is bad too.
The low fire risk of an EV is not going to be a rate limiting step to their wide spread acceptance.
Those are issues that likely don’t or rarely would influence whether someone buys an EV.
That decision is more influenced on a personal safety issue. And gas powered vehicles are 35 to 100 times more likely to catch fire.
Besides, the fire risk will continue to decrease as the systems are improved.
Someday the idea of driving around with a gas tank strapped to your back will seem crazy.
EV’s are much less likely to catch fire than ICE vehicles.
But when they do…they are bad.
But I don’t think it is an impediment to their sales like the other factors overall.
Right now EV’s make up about 7-8% of total vehicle sales. That number is steadily climbing and will continue to do so.
The only three things that are holding it back are:
1) Range
2) Charging times
3) Battery life.
All three will continue to improve to the point they are no longer inferior to ICEs.
That will be the tipping point, then other limitations will come into play when they become a significant portion of total vehicle sales.
Not sure what the connection is…but ok.
New all time LOW. Michery getting desperate. That 8K may be counter productive. He is trying to infer that there is no dilution going on…
So why is the stock price not responding? Imagine what happens when it starts up again…if you believe him.
And he mentions warrants…but says nothing about convertible debt.
Yes the RS adjusted high a year ago was $10,000, and the high 2.5 years ago was about $300,000.
It would be funny if it wasn’t so sad….
…ok, well it is funny.
Some OTC stocks can and are shorted. But anything below a penny is not. It would be the dumbest bet on the face of the planet assuming you could find shares and a broker who would affect the trade.
That’s hilarious!
What a crock…lol.
I wonder how long their agreement with Dynamic gave them to get funding before the rights reverted back to Dynamic? It will be 3 years they have had the rights in a couple of months.
I don’t recall how long they had Skin Trade before they gave it away.
I think Susa finally gave up. Perhaps there was a family intervention. I think she lost north of $200K.
"Vampirella alone could be worth a $billion."
Why not a $100 Trillion????
its about the same probability
smh....
Well then your word(s) were not exactly clear. Seemed like you were suggesting that a bigger battery was the "science".
When one talks about battery science...it usually means the things I listed....but you obviously weren't referring to those
Just a bigger battery.
Putting in a bigger heavier battery is not the “science”. LOL.
Is there an improvement in the energy density? The battery efficiency? Its lifespan? Recharge rates?
None of which we heard about.
Funny how Michery makes it sound like something more that just a bigger battery…LOL.
But that is his MO.
So it’s just a bigger battery. Unless we know the actual dimensions and weight of the two.
They probably just found a way to stuff a bigger battery into the existing chassis.
I posted it.
I found the article the other poster was referring to. It was likely Mullen Class 1 as the test vehicle and claimed that a 72 kWh battery pack achieved 190 miles. That is 0.38 kWh per mile.
https://www.prnewswire.com/news-releases/a-new-ev-battery-with-73-greater-range-302035019.html
Not sure what the 73% increase was over…but 0.38 kWh is pretty much the industry average right now for EV vehicles in the 4000-5000 lb range.
For comparison Tesla Model 3’s are better than 0.25 KWh per mile at 3800-4000 lbs.
Which again just demonstrates Michery deception by cherry picking numbers.
Doesn’t give very much info about exactly what the increase is in terms of the stats of the current battery.
Energy density?
Size?
Weight?
Lifespan?
It is almost impossible to judge that “73%” in any meaningful way without knowing the details.
Which Michery won’t provide of course.
Do you have a link to the article? I want to see if there is enough information to actually judge their claim. 73% increase over what exactly?
Link? I must have missed it. But then Michery has claimed a lot.
If it was, Michery would have PR’d that the moment he learned of it.
It’s not. RMA was originally the dealer for ELMS, long before Michery came along. When MULN bought the ELMS assets, Michery got RMA back on board. The question is what are they getting in return? Those vehicles are going to take up real estate and that costs money. It will be buried in the financials somewhere.
It will be interesting to see the table in the next Q that they included in the K. How many vehicles delivered, how much “invoiced”, how much “revenue” and how much “paid”? RMA are certainly in on the deception.
Those things are not selling as fast (or at all) as he is making it out to be.
I see they are still pumping “invoiced” amounts…which means nothing.
I wonder how much RMA is charging MULN to store the cars? lol.
It amazing how some people post things on topics they know little about.
I doubt the FINRA “rule” will be provided
Don’t forget the dilution in the “days ahead”.
That’s what they did with the meeting for the RS. They didn’t have enough votes so they postponed and magically got enough votes.
The only thing we know for certain is if they go below a $1 for 30 consecutive trading days in 2024 they will likely get delisted as they will not be eligible for any grace period.
What is not clear is what happens if they RS BEFORE they go below $1. Will Nasdaq refuse to process it?
There was nothing in “terms” of the hearing that addressed that situation.
Reverse splits…generally…do not work for existing shareholders in any way.
It’s almost like a reset that wipes away the existing shareholders.
And when it so done to the level that MULN has done it…the only entities it serves are the toxic financiers that need the higher share price to facilitate dumping into the market.
MULN will absolutely need another RS in 2024.
A year from now the pps will be down 90% from where it is now…AT LEAST.
I don’t think that was ever really in doubt. But here’s the thing…if it goes below $1 for 30 trading days in the next year and a half MULN will go straight to delisting. No more grace periods.
Which means…Michery will have to RS YET AGAIN before it does. At some point Nasdaq will give MULN a time out. 2024 will see the end of Mullen as we know it.
…oh…and GO FM 107.1 Q107!!!!! 😉
It amazes me that anyone on the planet Earth would buy this. It will go down another 90% this year. Too much dilution coming.
Michery will have to raise another $150 million this year MINIMUM.
That means a 90% drop MINIMUM…likely more.
And this post will age VERY well.