married with 3 or 4 or 5 kids depending on how you view the kids.
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All right boys and girls a three year history. Around August or September of 21 this went all the way down to 50 cents. At the time there was only 50 million shares. Investors got excited and behind it and all the sudden it was at $4. Then mitchery started playing his games. So the stock price dropped and didn't stop until it was around 20 cents a share. By that time mitchery had added almost 4.5 billion shares. Men starting about a year ago he did reverse stock splits so we ended up somewhere in the neighborhood of about 30 billion shares. Of course that did nothing for the stock price. Then he did a reverse stock split about three times if I and correct. The whole reason he did these was because he wanted to stay listed on the NASDAQ. Each one he did except for the last one would bring the stock price over a dollar. Then of course the stock price would fall. So he would do another reverse split. I believe this last reverse plate was in the neighborhood of 25,000 for one and that's how we get to the current price. So if you had a share of this 3 years ago bought at around $4, it's now worth approximately one quarter of a penny. That would look like this- .oo25. Mullen will continue to drop. All of the tech that they have put out has been tested and found wanting. The vehicle they're planning on releasing later this year, did a tour of the United States to drum up some orders. I believe they got less then 20 cars or something like that ordered. It was a disaster. At some of the stops, they had a problem getting the car going. Anyway that's a short history of what Mullen has been doing. They're stock price is still around 7. But if you're really are excited about buying some stock in this company, wait another month or two you can get it around a dollar or even lower
I haven't checked for a long time but do I have that correct that there's only around 40 million shares? When they first started they had 50 million then put around 450 million more to be bought and then added another billion. I'm not sure how much was added after that. But their currently at 40 million shares?
Then I looked at the stock price for the first time in about a year and seen it was at seven bucks and got kind of excited. Thought maybe they actually pulled it off. Then started doing some research and find out it was a combined 23,000 for One reverse split or something like that. Anyway don't waste your time here. Check back every 6 months just to see what michery is doing
I have a follow this for a while. When they started doing the stock reverse splits it was comical. Now it's absolutely hysterical. If I remember right there was a lot of good heat m u l n in 2021. Then Mitchery or however you spell it started monkeying around. Posted some b******* battery tests. Even did a drive across the US trying to drum up interest in their EV which failed miserably.
Pre-split this would be sitting at approximately 9/10 of a penny. The 25 for one split has this thing below a penny. It's listed on the NASDAQ so keep shorting it and you'll make some money
Be smart and play this short. Ride it all the way down to 10 cents or five cents. That's what everybody else is doing here since it's still listed on NASDAQ. They took everyone's money, rammed a bunch of shares on the market and then did a reverse split. A 25 for One reverse that came only a couple months after they dumped all the shares on the market. God I hope people aren't buying this long.
Anybody buying this stock is an idiot. Stay out don't get in. Considering it's sub five cents pre-split and going down should tell you everything you need to know
I did say it would be over a dollar and damned if I'm not right ROFL. Keep buying short don't buy this long for any circumstances
I like this everybody's saying they're grabbing a few. Don't forget to say that you're shorting it at the same time.
So they have to stay above $1 for one 10 days consecutively to maintain their spot on the NASDAQ. Anybody seriously think they're going to do that? LMAO
On to sub pennies. It's been losing 50% for weeks and the losses just keep piling up. We should see sub pennies by the end of next week probably. Don't buy now don't buy then. Just wait and it'll be all the way down to a half penny for you
Anybody actually do the actual math on that 200 million order. They're selling their Vans for $33,000 each. That means they're going to take a net gain per van that is so minuscule it won't even cover that years manufacturing of those 6,000 vans. Of course they're keeping cash on hand because by the time this gets low enough that somebody buys them out he wants to keep the money in his pockets. Yes I'm talking about David. First he gets 5 billion shares and then does a reverse split. Keep in mind this time a year and a half ago there was only 50 million shares to be had. Now there's 5 billion and the company's worth less than the 50 million. That should tell you everything you need to know.
I've said it before we will see a slow climb throughout 2023. Once 2024 comes we will start to see a faster climb as Mullen nears the point of completing and delivering its cars. I don't see a delusion coming anytime soon. Perhaps towards the end of 2023 as they gear up for the run in 2024 they might add some shares but by then Mullen should be heavily in demand. This is just my opinion from watching what they have done over the last year.
I'm not sure if it will be allowed on the Autobahn but with the narrowness of the town roads ie in some cities if two vehicles meet Head to Head one has to back up in order to let the other one through. I lived in Germany for two years and in smaller cities the roads can be so narrow that you can't get two cars by each other. The igo would alleviate that problem.
I wonder if Andre the Giant would fit in the IGO. AS I SAID WE SHOULD SEE A STEADY CLIMB INTO 2023.
They made that announcement and almost 100,000 shares traded within 30 seconds at the ask and below LOL
Nice so they're dumping another 900 million shares on the market
Here's what I see with Mullen. Been watching this and have had stock, but not currently, since January of this year. There's not much going to stop this from getting down to 25 cents or even a bit lower. As we get closer to 2023 we should start seeing an uptick. Then perhaps throughout 2023 we see a slow rise. As 2024 approaches then we start seeing it breaking towards $4. as the time draws near for them to release their ev car interest will once again flow towards the company. Mullen has been acquiring other companies it needs in order to grow. That tells me that their company long-term Outlook is very much upwards. By them acquiring other companies it makes them more appealing to a larger car company to buy them out because they are sitting on some pretty decent technology.
Anyway that's what I see happening over the next year and a half or so. It's my opinion after spending some time watching Mullen and what's been happening. When I first started watching they were at 50 million shares and now they're a little over 500 million which is exactly where they need to be. They are at 10 times below what the price was per share when they first started diluting. Considering they have bought other essential companies, shored up their finances, and are looking to acquire other essential companies, then I see clear skies ahead
Will we see 25 cents this coming week? Possibility exist
Anybody think they're going to try to prop it back up before de-listing off the NASDAQ?
Let's take bets on NASDAQ delisting. I'm saying January
I'm thinking we're going to see 50 to 60 cents and possibly even lower within two months. Absolutely nothing to hold it up and after what michery did by increasing the shares from 50 million to its current standing just short of 500 million, and he wants to raise money to cover the 1.5 billion, this ain't going anywhere but in the toilet until at least 2024
I'm not expecting this to do anything for a while. Actually thinking it's going to hit about 80 cents shortly maybe even lower. As we all know it went from 50 million shares to about 500 million. Did we ever find out what that big Fortune 500 company was that had made the order? I haven't been watching so I don't know. All I know is when Mulllen had 50 million shares even when they hit $4.18 a share it only made the company worth about $200 million. As it stands today the companies worth somewhere close to $500 million. Recently reported that they were sitting on 60 million on cash and just a few days ago paid off a 17 million dollar debt. Outside of that there is nothing to drive this to go up anytime soon. I'm thinking 2023 about June we might start seeing a severe Spike upwards as the availability of the mark 5 comes up. We might even see Ford Chevy or any of the big automakers make a move to buy Mullen around that time just to keep the competition down and to acquire their battery technology. Good luck to everyone. I pulled out a long time ago and won't get back in until it hits at least 80 cents.
So let me get this straight they patent a bunch of things that don't really matter. The only patent that matters is the one on the battery. Otherwise this thing would have taken off but people realize that patents on the things they patented amounted to not very much. Don't doubt if we see the 1.20s again soon
I'm expecting it to be red tomorrow by quite a bit. This wasn't any information in the test that we didn't already know.
Hi my name is Elon musk. I sell self-driving electric cars. They drive very well providing you don't mind if they drive under a semi truck and sheer the top of the car off along with your head. Anybody else see the documentary on Elon musk? As for Mullen I won't buy until this hits 80 cents. No reasoning throwing good money away.
I heard that they may be partnering up with Titan. Not sure but it's something that was talked about.
We will probably see sub dollar this week. There's nothing holding this up. I'm not investing until we see $0.90. they needed to add shares and they did that. It's still over 100% gain from its low. Problem is I don't think it will hold that and could be down to 50 cents a share very soon.
You guys are getting boring. Go to bed already
Couple of things missing from the b i c test. Namely the dates the test will be happening and completed. As I said before this could be courting Danger which makes no sense especially if the test come back negative or show that the previous tests were pretty much accurate.
If they really want to show people what the battery can do, they can rent a track and run the Mullen 5 with the battery. Invite the press and mechanics so they can check out the vehicle prior to the track test to make sure that nobody is monkeying with the car. Then run a test to see how many miles the car will go on the battery. bring three cars. You can run them at the same time or one after the other oh, it doesn't matter. But that way you show how long your battery will go and how well design your vehicle is.
Yep still crashing. If the test results come back within 2 to 4% either direction then the test are worthless. If they come back 5% or more either direction then the test will have been worth it unless that is a negative 5% in which case Mullen has a problem. So it's putting a lot of risk for a little reward. Seems like it's not worth the risk. It looks like all they're doing is responding and not being proactive. That's not something I want to see out of my c e o
I'm wondering why they are doing testing when they already have results
Didn't they already do testing with an independent lab? So why are they doing it again?
Obviously Mullen is still diluting. Don't know how low it will go but I wouldn't expect the news about the Fortune 500 company until they do their financial reporting in May
Turn your caps around and flip the bill up. It's rally time
Now there's some good news
Happy Easter everybody.
Something's Brewing. Larger orders on the ask