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Tunica is big enough for the modest production schedule they have announced for 2023 and 2024. That is not their issue. As Tenkay has pointed out, that modest schedule is not enough to keep them afloat. They will need significant amounts of cash to stay in business and even more to build out their facilities. More dilution.
$MULN
FMVSS certification comes from NHTSA. Their Class 1 & 3 vehicles can be used on US highways. Fact.
https://www.tuvsud.com/en-us/industries/mobility-and-automotive/automotive-and-oem/homologation-and-global-market-access/fmvss
$MULN
Sure seems like a good idea to make the acquisition using RXMD shares before the merger. They can then lower the final cost by providing a low ratio of $NXPL shares for $RXMD shares when they merge. They'll probably do that anyway.
Could not agree more.
This is my personal speculation but I really think they are working on a major acquisition for RXMD.
$RXMD
Even there, many US companies engineer and tool new components here and then send it all to their plants in Mexico for manufacture. I made a lot of trips to Mexico for one of the companies I worked for.
$MULN
True enough. A lot of the engineering is done at the suppliers but they do figure out the component package and put together a detailed Procurement Spec. Mullen will get there as they mature (IF they survive).
I was an engineer at the supplier who would turn the Spec into a working component. Until I retired.
$MULN
Baloney. The initial demonstrator vehicles were brought in assembled. I've seen the shippers with the VIN numbers. Current production carries Mullen VIN numbers, and you can't just change them.
That statement about GM parts must be pretty old. I spent 40 years in that industry, making parts for GM, Ford, Chrysler (now Stelantis), Honda, and Toyota. Even when the Company in question is headquartered in the US, the manufacturing is done in Mexico, Korea, China, or another foreign country.
$MULN
Sorry to tell you this bud, but that is how all automakers function. Ford and GM, as examples, do not make any of the parts. They buy them and assemble the vehicles. The only difference with Mullen is they buy all of them from one source.
$MULN
As usual you don't have a clue how stuff works. In this case, retail dealerships. Randy Marion has 17 retail outlets, each a separate company on paper. You cited the number of employees and gross revenues for ONE. Add in the rest. Ding-dong.
$MULN
Sorry. You still don't have a clue. Try again.
$MULN
The vans were leftover stock from ELMS so why not liquidate them?
$MULN
That guy will make some kind of negative statement about anything he replies to. The moron has no clue what is going on. He is just looking for a pay check.
$MULN
We were supposed to hear about a bunch of joint ventures to allow companies in FL to sell on Tmall. Whatever happened to that? Did it fall through? No takers?
$RXMD
Max, they are not on NASDAQ and probably won't be for a long time. Won't stop them from building a strong, profitable company. Our access, at this point is through $MULN, which, admittedly, is not doing as well.
Very nice article. Bollinger is doing it right. They will be successful.
$MULN
Sorry, but your statements are not factual. The Campus vans (leftover ELMS stock) are not street legal. The Class 1 vans, when they go into production, will be street legal. The work to homologate them was completed last April.
Mullen buys kits of parts from China and assembles them in the US, making them eligible for half of the Federal Tax credit. The other half being the battery material content which they also qualify for.
$MULN
Maronti, get a really good lawyer but tell him part of his pay will be the fun he will have chewing this guy up and spitting him out. Should be really easy to show that he, under his multiple aliases, is a public figure who is therefor open to this sort of characterisation. Just like some of his victims.
$HPIL
Mullen and Bollinger are using Li-ion right now. The solid state batteries should, per their PRs, be starting in-vehicle testing right about now. They are not in production yet.
Much of the machinery used to make Li-ion is also used to make solid state batteries. Mullen has just saved themselves some money by buying used.
$MULN
Stay tuned for the next exciting episode of "As Michery Squirms".
$MULN
Here, you are completely wrong. The Campus van is not street legal and is sold from ELMS inventory. The Class 3 truck is homologated and street legal. The class 1 van is homologated and will be in production shortly. Yes they are assembling Chinese vehicles, so what.
On the production side, they are doing the right things. On the financial side, no comment.
$MULN
And I'm enjoying laughing at you choking on your brew. Where's that waaambulance!
$HPIL
You choke on something?
$HPIL
What we owe them is a kick in the gonads. This stock is not trading in a market I can use. Therefor, I'm not making any money. I DO NOT CARE if it is a scam or not. I can, and have, made significant money.
Idiots like you are worthless garbage.
$HPIL
While you are correct with what you say, there is also a requirement that final assembly occur in North America.
$MULN
I think you nailed it when you said they would propose a massive RS and NASDAQ would say "OK". I was surprised Mullen didn't do a massive one last time.
$MULN
I can't argue that one.
$MULN
I do not know, or understand, why they have been so stingy with sharing video of the inside of their buildings. There are no secrets to hide about how they build their products. Too simple.
Check out the videos that SHMP has put out showing investors their progress. I don't think I'll buy any of their stock, but they have done a MUCH better job of communicating than $MULN.
$MULN
Could be, I don't know their process.
Digging around on the IRS website, they say final assembly must be performed in North America to qualify, but they don't really make it clear how extensive (or not) the work must be to meet that requirement. Certainly the local Firestone store could do 12 vehicles per day without breaking a sweat.
$MULN
Sorry sir, but you are mistaken. It requires more North American labor input to qualify for the 50% portion of the Federal tax credit. They have stated they qualify for both portions. Yes, I agree they are assembling Chinese trucks. Just more assembly than you stated.
$MULN
Umm.... I count two posts, the one to $RXMD and the one to $NXPL, which is within the TOS. Can you cite a third instance to back up your claims? Factual data matters.
Suarez just bowed out of the race for President.
After his short run, he may still be influential within the Party.
$RXMD
I have a different scenario I would like you guys to consider. On 8/18 the AS was 100M shares and the OS was 6,189,448 shares. The unissued shares times Friday's closing SP of $5.63 is just over $528 million dollars. I think they are waiting to close one or two significant acquisitions before they roll RXMD into NXPL. Thoughts?
$NXPL
"Full View" is garbage. Please delete.
Sorry, you a mistaken. Try again.
$MULN
Um... not quite. Ford and GM spec what they want to buy and the selected supplier (low bidder) designs the component to fit their stated needs. Been there many times, done that. Then they outsource ALMOST ALL of the parts. Not kit cars? SMH
$MULN
GM and Ford DO import essentially complete kit vehicles and sell millions in the USA. The difference is that the "kit" parts do not all come from one vendor or from China. To me that is an insignificant difference.
$MULN
That is true of the demonstration vehicles. For production they are buying "kits" of parts from the Chinese and assembling them here. That is not much different than what GM and Ford do. The difference is that the GM and Ford kits are sourced from multiple manufacturers all over the world rather than one company. Most of the parts GM and Ford use come from Mexico, China, Korea and South America. Very little is made in the US.
$MULN
First, he paid $0.98 / share so won't make a profit.
Second, on the manufacturing side they have done exactly what was needed to get into the vehicle making business, which is very difficult. Will they survive? Who knows, but not looking good. The big problem that they have is that they can't come up with enough cash to adequately flesh out capacity. Tenkay mentioned getting to $75M per month in revenue to stabilize. At the rate they are progressing that will take about 2 years. IMO they will not survive that long. I really wish I could be more optimistic.
$MULN
Sorry bud, you have no clue what you are talking about.
Mullen has built a one-off show car, BFD.
Go back and read my post again. Changing the LIMITER to 500 is easy.
As far as adding horsepower, do your homework. The motors will take a lot more voltage and produce a lot more power. Just drastically reduces the range.
Listen scag-bandit, I am not a pumper, I deal in facts, unlike yourself. You really need to find out how this stuff works.
$MULN
I-glow, you must not have a clue about how an EV works. To get it to GO 200 mph will require rewiring the batteries for higher voltage and making the appropriate changes to the control circuits.
Altering the speed limiter in the ECU is a simple parameter change. Nothing more.
I will not try to debate with you on the financial side but I know the technical portion far better than you do.
$MULN