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Here we go!!!
Here's the reasons why they halted:
T1 Halt - News Pending
Trading is halted pending the release of material news.
T2 Halt - News Released
The news has begun the dissemination process through a Regulation FD compliant method(s).
T3 News and Resumption Times
The news has been fully disseminated through a Regulation FD compliant method(s); or NASDAQ has determined either that system misuse or malfunction that caused extraordinary market activity will no longer have a material effect on the market for the security or that system misuse or malfunction is not the cause of the extraordinary market activity; or NASDAQ has determined the conditions which led to a halt in an Exchange-Traded Fund are no longer present. Two times will be displayed: (1) the time when market participants can enter quotations, followed by (2) the time the security will be released for trading. All trade halt and resumption times will be posted in HH:MM:SS format.
Just checked SEC website. Quote will return at 0945 and trading will resume at 0950
We're not seeing $1 until we start delivering vans
Absolutely nothing! It will reset once it recommences
At the rate of these substantial PRs, just might
Wait, I thought Mullen was a scam. Now they're receiving orders for vans...6,000 vans?!
Nice!!!
Saudis won't let him come near that company!
One of 'em already jumped on the bandwagon!
$.25!!!
⚡Mullen Automotive Partners with Loop Global to Deploy EV Charging Solutions Including a Public DC Fast Charging Network and Residential Offerings⚡ https://t.co/ld7UMqLJk5$MULN #EV #EVFleet #MULN pic.twitter.com/HD9BeLLATc
— Mullen Automotive (@Mullen_USA) December 14, 2022
Wow, what a wall at .24
Oh wow, I thought $MULN was a scam? All this news makes me want to go out into the woods and hug a bear!
We're getting there! The more positive articles, the more visibility!!! $MULN
Mullen Automotive Shifts Into Higher Gear
December 13 2022 - 05:51PM
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Mullen Automotive announces its 1st US dealer partner. The news is the latest in a string of positive catalysts for the company. Production of flagship vehicles is expected to begin within months. Mullen Automotive (NASDAQ:MULN) just issued another press release that has shifted the outlook for the company into higher gear. The company says Randy […]
https://www.valuewalk.com/mullen-automotive-shifts-into-higher-gear/
TK, I'm tracking what you're saying. Believe me, I'm not blindly following this scumbag. They're all scumbags...comes with the territory. Everything I say, I say with my fingers crossed behind my back. '23EOQ2 will be the end game for me. Either I lose my $45K, or I finally get a big win. I do appreciate your feedback and remain cautiously optimistic with this stock. GLTY!
Key is to make them buy back in at a higher price. Shorters and flippers are like the Vikings raiding our progress daily!
Mullen Signs First U.S. Dealer Partner, Randy Marion Automotive Group, as Company Prepares for 3 Commercial Product Launches in 2023 https://t.co/UPGeqFkXND$MULN #CommercialEV #EVFleet pic.twitter.com/6iTojwzHOf
— Mullen Automotive (@Mullen_USA) December 13, 2022
ELMS already has vans sitting in the packing lot (not sure how many). We saw photo proof of that. They just needed to be rebranded with the Mullen logo, but couldn't because the deal wasn't completed until 1DEC22.
Sorry, went back thru my notes. Bollinger looking to deliver 23Q1. I still maintain that Bollinger will carry Mullen's water thru 23Q2. 2022 is a complete wash and the infrastructure IS in place for 2023! $MULN
Double up at 5. Why the hell not!!! $LCID hates me!
Not true. ELMS filed for bankruptcy in mid Jun. Check it.
There was no delivery because the ELMS sale was not even completed. What's the status of that transaction now?
ELMS Selects Randy Marion Automotive Group as First Strategic Distribution Partner
-Randy Marion Automotive Group (RMA), one of the largest commercial fleet dealers in the nation, selected as ELMS’ first Strategic Distribution Partner for the Urban Delivery
-RMA is expected to order 6,000 Urban Delivery EVs subject to the finalization of the commercial relationship
-ELMS also partnering with RMA for testing with existing and potential RMA customers
-The ELMS Urban Delivery is anticipated to be the first Class 1 commercial EV available in the U.S. market and is expected to offer fleets a lower total cost of ownership versus competing gas vehicles
May 19, 2021 08:00 AM Eastern Daylight Time
TROY, Mich.--(BUSINESS WIRE)--Electric Last Mile, Inc. (“ELMS” or “the Company”) today announced a new collaboration with Randy Marion Automotive Group’s commercial division (“RMA”) that selects RMA as the Company’s first Strategic Distribution Partner to help execute the launch of the Urban Delivery. By partnering with RMA, ELMS believes it can bring the anticipated first Class 1 commercial EV available in the U.S. market to fleet customers of all sizes and geographies across the country.
The agreement between ELMS and RMA, one of the nation’s largest commercial dealerships, also proposes to cover an order of 6,000 Urban Delivery vehicles subject to the finalization of the commercial relationship. This would represent a significant portion of ELMS’ initial launch volume through the first half of 2022 for RMA’s commercial fleet customers.
“Our fleet customers are seeking solutions that both address their sustainability goals and also drive their bottom line,” said Randy Marion, founder and CEO of RMA. “After presenting the Urban Delivery, the demand from our customers across the country has been overwhelming, and by working with ELMS, we expect we can deliver them the first Class 1 commercial EV in the U.S. market.”
“We are thrilled to have the opportunity to work with Randy Marion Automotive Group, one of the largest and most prominent commercial dealers in the country, to combine our anticipated first-to-market Class 1 commercial EV with an established commercial fleet customer network,” said James Taylor, co-founder and CEO of ELMS. “This is really a new and bold approach by Randy Marion to jump the curve on fleet electrification, and a strong validation of our differentiated business model and expected first mover advantage in the Class 1 commercial EV space.”
ELMS further announced that it is working with RMA and several of their long-term fleet customers and others across several industry verticals to initiate trials of the Urban Delivery vehicle. Customers that are scheduled to participate in testing include a California FedEx Delivery Service Provider, a regional plumbing services company, an east coast-based HVAC systems provider, a major university and a southeast produce distributor. ELMS plans to provide more details on customer testing in the near future.
With the Urban Delivery, ELMS is working to deliver fleets the most reliable and efficient last mile solutions, combining integrated deep data analytics, customization and sustainable engineering.
The ELMS Urban Delivery is anticipated to have approximately 150 miles of range and provide 170 cubic feet of cargo space, which is estimated to be approximately 34% more than the current leading gas model in the Class 1 commercial vehicle segment. The Urban Delivery is also expected to be offered at a net price of $25,000 based upon the presently available U.S. federal tax credit of $7,500, giving it a lower expected total cost of ownership compared to existing gas competitors. ELMS also expects to equip the Urban Delivery with a data and connectivity suite to maximize fleet efficiency and plans to customize vehicles through its integrated upfitting operations and partnerships.
In December 2020, ELMS announced its intention to merge with Forum Merger III Corporation (Nasdaq: FIII). Upon closing of the merger transaction, the combined company will be named Electric Last Mile Solutions, Inc. and the common stock of Electric Last Mile Solutions, Inc. is expected to be listed on the Nasdaq Capital Market under the new ticker symbol, “ELMS.” The merger is expected to close in the second quarter.
About Electric Last Mile, Inc.
ELMS is focused on redefining the last mile with efficient, connected and customizable solutions. ELMS’ first vehicle, the Urban Delivery, is anticipated to be the first class 1 electric vehicle in the U.S. market. The company is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com or Twitter @ELMSolutions.
Is a Giant Short Squeeze Coming for Mullen (MULN) Stock?
It may not come to fruition, but bulls are looking for a short squeeze in MULN stock
7h ago · By Bret Kenwell, InvestorPlace Contributor
-Mullen Automotive (MULN) has been crushed this year, with MULN stock down 96%.
-However, investors are now speculating about a potential short squeeze in the stock.
-While it’s hardly a guarantee one will come, keep in mind that shares nearly tripled at one point in October.
MULN stock - Is a Giant Short Squeeze Coming for Mullen (MULN) Stock?
Source: Ringo Chiu / Shutterstock
Shares of Mullen Automotive (NASDAQ:MULN) have been trending for weeks. That’s as investors anxiously await an update from the company on deliveries and production. It’s also as traders speculate about a potential short squeeze in MULN stock.
Meanwhile, several electric vehicle (EV) stocks have been struggling lately. Tesla (NASDAQ:TSLA) recently hit 52-week lows as investors juggle CEO Elon Musk’s takeover of Twitter. Lucid Motors (NASDAQ:LCID) continues to grind out new lows, while Rivian (NASDAQ:RIVN), Fisker (NYSE:FSR) and others continue to struggle.
Chinese EV stocks like Nio (NYSE:NIO) and Li Auto (NASDAQ:LI) have done well over the past few weeks. Overall, though, EV stocks have struggled this year.
As for MULN stock, it has been far from spectacular this year. Shares made a new 52-week low on Dec. 7 at 18 cents. Year to date, the stock is down more than 96%. That’s not typically a recipe for a winning stock pick.
Short Squeeze on Deck for MULN Stock?
When a stock is hated and the sellers are in control, it’s like sharks smelling blood in the water. Investors continue to pile in on the short side, looking to squeeze every drop of profit out of the stock as its share price falls.
The bulls’ misery is a playground for the bears.
However, there are times when the scale becomes so unbalanced, it causes what’s known as a short squeeze. Put simply, when too many traders are holding a short position in a certain security and the price of that security begins to rally significantly, it triggers a wave of buying. That happens as both natural buyers — the bulls — buy the stock and as shorts have to buy to cover their position.
Now some are starting to speculate that could happen in MULN stock.
MarketWatch data shows a short interest of 47%. However, other sites only suggest a short interest of 10% to 12%. That said, the Nasdaq shows about 175.5 million shares sold short as of Nov. 30. As of the most recently filed 10-Q, the company had about 376.7 million shares outstanding.
Regardless, it typically helps when there is a catalyst or event to help trigger a short squeeze. Could that be the company’s proposed reverse stock split? Maybe, but perhaps not likely. Further, the company has already closed on its deal for Electric Last Mile Solutions.
Remember that in October, MULN stock nearly tripled in just a couple of trading sessions. That came after news that it gained exclusive distribution rights to I-GO EV in Europe. Will similar price action happen again? Who knows, but it is possible under the right circumstances.
I said it before, Bollinger will carry $MULN's water until it's ready to walk upright by EOQ2. #Markit!
It's not a scam. It's been raped and pillaged!!! A typical stock can move up and down on its own merits, but not an atypical stock. The company is moving forward step by step, but the SP action reflects something totally unrelated. The Vikings landed on $MULN's shores months ago...bottom line!
Musk should be investigated by the SEC! He didn't make any comments about, let's say, SOLO. He chose to make it about his relatively closest competitor! Unacceptable!!!
That's considered a significant material event and per SEC, they would have 4 trading days to notify investors.
Lucid delivered a few hundred cars on their first delivery and skyrocketed to $40.
Let's see what '23 brings!
$FOMC provides audit and SEC compliance update (targeting SST private co. audit week of 12-19; SEC current Jan. 2023 w/books now in order:https://t.co/ZbVZcVRLjA
— FOMO WORLDWIDE, INC. (@FOMO_CORP) December 9, 2022
At no point did they say "price doesn't matter." BTW, I'm already wondering where my money went.
At no point did they say "price doesn't matter." BTW, I'm already wondering where my money went.
Something's brewing!
https://twitter.com/RevoltMotorbike/status/1600946221396660224
Be nice to get a 'reduced to' instead of:
$MULN DPL order announcement would be awesome! Regardless, any Mullen tires on the road is a win and means revenue. Not sure would be enough because the shorts would beat down any momentum.
$FOMC Urish Popeck believes with inventory count done for 2021-2022 and assuming rollback to 2019-2020 is effective and no traps, SST's audit can be completed week of 12-19-2022 subject to calendars and second partner sign-off.
— FOMO WORLDWIDE, INC. (@FOMO_CORP) December 7, 2022
Well that came on pretty suddenly. What the hell's going on with $MULN?
2023 Q1 will be the tell-all for $MULN. I'm betting big on Bollinger.