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Last one out please don’t forget to turn off the lights.
That’s why I said IMO (short for in my opinion).
Wow, even more recent. This has scam written all over it IMO.
And Michery sold some his shares a little while back because he most likely knew he wasn’t going to announce anything huge that would push the price upward.
Then sprinkle in a reverse split to meet the PPS guidelines for being listed on the Nasdaq.
Bingo. Rinse and repeat with increasing A/S and dilution.
The fact that he didn’t really have a good explanation for the selling of some of his shares made me skeptical. If he really was planning to release a big PR this month he would’ve waited to sell until then.
This will be trading in the high .80s.
Gap down tomorrow if nothing is released pre-market.
Better hope they release a PR before the day is over otherwise there will be MASSIVE selling tomorrow, especially with it being a Friday.
Bingo, RS split coming very soon as it will be needed in order to maintain a $1 to stay on the Nasdaq. This CEO is so fishy.
If we go green, we see $1.25 today
Here we go, something is up.
This thing is toast until a PR comes out…
You do realize how quickly they are burning through cash? It’s not their fault, it’s just the nature of a startup company. They will eventually have to sell more shares, therefore driving the price down and therefore a RS to stay listed on the NASDAQ. I’m not saying it will happen in the next few months but it will eventually happen.
I think a RS is inevitable at some point in the next year to keep well above a $1 that is required. Sell into the news folks.
This one is stuck in mud until a new PR comes out this month.
All support breaking….
Yes, and it sounds like you have been very successful at it. At the end of the day, the name of the game is to make, however that happens. I just wish this stock would run a little and not trade in such a tight channel. But it sounds like big PRs will becoming soon.
Well most people don’t have the time to watch it that closely and trade 5 times per day…. Just saying
I guess if you want to get that precise. Nothing like the old MJ stocks that would run for days and weeks.
It’s stuck in mud right now. Not good if you are a trader. Hopefully a pr comes soon.
Need that Fortune 500 PR…
The chart is looking so good. Could easily hit $2 this week depending on anymore news.
That $1.50 resistance is real. Having hard time staying above that
Pretty quiet in here today.
So not hitting $2 anytime soon?
Where do you see this stock going from here in the next month or so?
You just playing the tight trading channel. Very smart.
Smart move. Appears to be good support at the moment.
Yes, secondary offering is a real possibility. It seems like every time this guy talks the stock goes down.
With all due respect, I just don’t see that happening. Those companies have billion dollar market caps and funding to expand operations and use for R&D. Mullen will have to dilute this stock significantly to keep up with spending. This stock is great for trading and that’s about it.
The way I see this company and stock from a simplicity stand point is that even if they really do have good technology with this solid-state battery, by the time they raise enough capital through constant dilution and bad debt offerings to expand operations and build their first vehicle, a company like Tesla, Lucent, and Rivian will have caught up to them and are way better positioned to mass produce vehicles. There is a reason this company has a market cap in the millions and the other companies mentioned above have market cap in the billions. They have the resources and funding to easily surpass Mullen's technology.
This company is a pump and dump in my opinion. You strictly trade this stock.
And here we go, the collapse. Let’s hope for a bounce at some point
Fireworks show after the bell with the CEO speaking?
I have a feeling Mullen diluted today.
Pullback…
Be careful. The market in general is trending down today. Let’s see if it snaps back.
Nice! Seems to be trading in a pretty tight channel right now
That’s why this hitting $5 or even $3 is slim to none. They have to dilute to keep the lights on. I don’t blame them, it’s the only option they have.