Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
“MULN...added 37s if it does not break/hold .40 then I am out“
See ya!
Don’t be a stranger 😉
Muln is still a threshold security so Esousa/Ault are still naked shorting it against the issuances.
The OS should be A LOT higher the next time we see it.
I wonder how many new bag holders there are after today?
With the dollar volume today so far at 5 times the market cap the stock should be $3. It basically demonstrates it is some combination of churn and dilution.
Not a good sign.
Probably both. I can’t see Esousa/Ault sitting on the sideline too long…if they are.
We’ve seen the HFT/Algo/BOT activity before. Only question is whether it lasts more than a day or two.
Watch the odd PR give it a pop…and suddenly everyone is excited. But it’s a game of musical chairs….LOL…or chicken.
Inevitably.
It will end soon enough.
We’ve seen this movie over and over. LOL.
Fun to watch.
Were you around for the Lawrence Hardge $10 BILLION Saudi Deal days?
Good times…lmao.
Michery gave a heads up to some pumpers…that should be all anyone needs to know about this stock.
People could sell now and buy back 10X the amount of stock for the same price in the not too distant future…if they really believe in it long term.
Michery may also be getting nervous about Nasdaq delisting this and is trying to get as much cash in hand as possible.
This has been a horrible trade since day 1…look at the chart….unless of course someone gets a heads up about a coming PR 😉
And there is very little substance to the PR given it is a new startup in the UAE…and the words are cheap.
This stock got hammered by $250 million in dilution dropping it over 99.99% in the last two years. Three reverse splits and another one on the way. The OS has been diluted by 600% in the last three months and that is only the beginning.
They are trying to get their next $250 million and it will kill the price yet again…only by more.
Just need to time things right with this little pop…because the sugar high is lasting less and less.
Is the same stunt they pulled a year and a half ago with a company called DelPack.
And we are talking about a “start up” in the UAE most of which never make it. They are even still looking for “investors” for themselves. The contract allows either side to walk away almost anytime.
Looks to me they are both using it to attract “investors”….lol.
They will never see the $210 million. This was manufactured to allow Esousa/Ault to dump stock because Michery desperately needs the money.
67 million as of Aug 15.
That is a SIX FOLD increase since May.
It’s all about timing.
Esousa/Ault will take their cut at some point. Only a question of when.
This story has happened so many times.
A Dubai Investments Center “start-up”. No meaning business yet. The agreement isn’t worth the paper it was written on.
Another Delpack repeat?
Who cares. It is entirely unpredictable. Trying to time it to make money off these periodic pops is a sure way to lose money.
You have a WAY BETTER chance of doubling your money by putting it on black at the roulette table.
Yep. It will come back down. It always does. This is the only way they can create some volume for Esousa/Ault to dump into.
To be cashflow positive, they need to sell at least $1 BILLION per year.
They will never get there.
Or a clueless trader….
You truly can't be this naïve...
They need to be generating over $80 MILLION A MONTH in sales NOW in order to break even and be cashflow positive.
It is unlikely that they will EVER get there.
In the meantime the only source of cash for Michery is by selling stock. The first round of $250 million killed the stock price by OVER 99.99%.
This current round will do the same thing.
But hey...he needs new marks...err...buyers to keep his charade going.
Down 95% in the last three months. Not even I thought it could continue to drop that quickly.
The only naked short in MULN is Esousa/Ault.
Wake up.
That’s on you dude.
Back here? LMAO. I have been posting on this board on and off for over 10 years.
But if you think there is some significance to my recent posts….please…by all means buy more!!!!
“Diamond how many more years will we be stuck here at GNCPIG????“
Forever…sorry.
This is dead money.
Best thing for your mental health is to walk away and never look back.
Get on with your life.
He couldn’t even be bothered to file an NT…
Correct.
No, something is wrong with people who buy this stock. Michery knows exactly what he is doing and is getting rich doing it.
SMH
“but I just doubled my position because that is what I have done since the beginning of time“
Jesus why!?!?! You can kiss that money good-bye.
This is ONLY going to continue down. Even trying to day trade it is a very risky proposition. Go to Vegas….your odds are 100 times better.
I don’t understand people like you that will just continue to throw money at a stock that is being massively and continuously diluted. It’s going to lose another 99% AT LEAST in the next 12 months, or go bankrupt.
At least with bankruptcy it will end your misery…the stock in this case will get zero and disappear.
Hopium is obviously a very powerful drug.
Wake up and get help.
And yet most of the dormant “Automotive Division” seems to still be gainfully employed…but then some probably have the goods on Michery…they have been around awhile.
“Mullen isn't going anywhere (yet)“
Mullen isn’t going anywhere…ever.
At least not in its current form. If it does manage to achieve anything it will not be to the benefit of current common shareholders.
Because it will require it to declare bankruptcy or sell.
If it goes bankrupt the commons will be gone.
If he sells it the pref holders will get whatever is left.
Why anyone would buy this stock is beyond me.
I think there is a decent chances FINRA will not process the Corporate Action. It appears they wouldn’t process the reverse split from last year and this is simply a way of back dooring into one with a merger. They will have lots of questions.
So MULN has been making a big deal about its focus on Commerical Sales with a new Commercial sales President…and yet…
They have completely removed the “Commerical Vehicle Team” from their website and still show all the “Automotive Division Team” on their website which I thought they essentially abandoned for the time being. They have no “automotive” product and likely never will.
Why do Calin Popa, Marian Petrelecan, Corey Davis, Andre Hudson, Robert Brown and Don Wood still have jobs?
So much for cost cutting.
Ahhh…that makes sense.
“This stock defies all logic.”
No it doesn’t.
Massive and continuous dilution causing the price to go down.
Perfectly logical.
There is no reason…unless folks want to throw their money away…
Foote just gave himself 50 BILLION worth of voting stock. He alone controls everything. What a farce.
$66,000 IN REVENUE IN Q3!!!! LMFAO!!!!
Good for you. Be prepared to lose all of it.
You can replace “52 week low” with “ALL TIME LOW”.
😉
I see that. So a bunch of folks will be left with 1 share in their accounts. LOL…what insult.
And I don’t know why someone wouldn’t close the position…at that point there is no more money to be made.
We should see a filing soon with the Nasdaq delisting notice. VERB is allowed to appeal which Rory will no doubt do as he executes the reverse split to get back into compliance.
But that will likely be his last chance. Nasdaq is proposing rule changes to get penny stocks kicked off easier and quicker.