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.
Since Tesla is the standard to which all EV start-ups are measured, this is from their 2010 10K. Keeping in mind that this is over 12 years ago and doesn't account for the fact of inflation, effects of supply and demand, that Tesla didn't spend hundreds of $M in M&A's, AND that Tesla wasn't bringing all of these operations online SIMULTAINIOUSLY.
I agree, but you know how it goes. They were a couple of comments on here and all over twitter pumping the 10K, which made no sense whatsoever. They have been in the process of getting their crap together...finalizing buyouts, touring, advertising, and ramping up production, so how could there be anything but forward looking statements. There are some pretty powerful statements in the 10K that would scare anyone though. Next week will be tense...can't wait to see how mid-week shakes out.
My thought process is that there's a reason why they waited until Friday AH on an extended weekend to drop this 10K. Michery knew what the reaction would be! We haven't heard anything in about 2 weeks and I'm betting next week will have plenty to counter this sell off.
AH price down to $.28. SMFH!!!
Investors will say 'HELL NO', but at the end of the day, unless there is something big coming in the very near future to give us a push, Michery will trump that vote with his AA preferred stock worth 1B+ votes. Big question that needs answering first is to if we'll have enough shareholders render a vote. We NEED to have at least 1/3 of all outstanding votes for it to count, if not, another adjournment.
10K on deck!!!
Annual Report (10-k)
January 13 2023 - 05:17PM
Edgar (US Regulatory)
MULN Stock Price Is Predicted to Soar +7,000% This Year
JANUARY 12, 2023 / FRANKNEZ / 3 COMMENTS
Experts are predicting Mullen Automotive’s (MULN) stock price to soar more than +7,000% by the end of the year.
The company recently had a series of successes leading to the new year. And analysts are saying MULN stock is a big buy today.
Let’s dive deeper into what experts are telling us as well as what the retail community is saying.
If you’re new to the blog, welcome. I publish market news and updates for the retail community so that they may navigate the stock market with ease. If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.
Here’s the latest MULN stock news.
What Are Experts Saying About MULN Stock for 2023?
In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year. This means experts are predicting MULN’s share price to rise to approximately $23 per share from $0.32 per share. The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.
Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings. The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group. In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.
Mullen Automotive is expected to grow substantially in 2023.
Investors Remain Bullish on MULN Stocktwits Forum
Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum. The stock closed at $0.33 on Wednesday after surging +4.35% from its previous trading day. Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023. If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.
Call options in MULN stock have also overwhelmingly taken over the number of put options contracts. On Wednesday there were a total of 59.91K call options versus 1.85K put options.
Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive. Financial institutions have also begun to bulk up on their long positions. Let’s take a look at a few names you might be familiar with.
Which Financial Institutions Are Buying MULN Stock?
Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock. Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.
In December alone, 18 financial institutions purchased shares of Mullen Automotive. Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone. Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%. Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.
https://franknez.com/muln-stock-price-is-predicted-to-soar-7000-this-year/
$FOMC audit shows SST did $7MM revs 2021 50% > than tax returns filed w/IRS; 2022A revs should come in @ $9.4-$9.5MM top line pro forma for M&A @ 1/1/22; Urish Popeck signing up for PCAOB audit M-T; SST EIC FOMO books ready for SEC; **RUMORS OF OUR DEATH ARE GREATLY EXAGERRATED**
— FOMO WORLDWIDE, INC. (@FOMO_CORP) January 13, 2023
On November 25, 2022, Mullen Automotive Inc. (the “Company”) filed a definitive proxy statement with the Securities and Exchange Commission (the “Commission”) in connection with a Special Meeting of Stockholders (the “Special Meeting”), and on December 16, 2022 and January 13, 2023, the Company filed amendment no.1 and amendment no.2 to the definitive proxy statement with the Commission (together the “Proxy Statement”).
The Proxy Statement discloses that, as of the close of business on November 21, 2022 (the “Special Meeting Record Date”), there were 1,659,097,754 shares of Common Stock outstanding, 1,925 shares of Series A Preferred Stock outstanding, one share of Series AA Preferred Stock outstanding, zero shares of Series B Preferred Stock outstanding, and 1,211,757 shares of Series C Preferred Stock outstanding. The Company’s Series D Preferred Stock par value $0.001 per share (the “Series D Preferred Stock”) have no voting rights except in a liquidation event, issuance of equity security having a preference over the Series D Preferred Stock, amendment of the Company’s Certificate of Incorporation or bylaws that adversely affect the rights of the Series D Preferred Stock, corporate dissolution or bankruptcy, as set forth in Section 8 of the Certificate of Designation for Series D Preferred Stock, and therefore the Series D Preferred Stock was not counted in connection to the Special Meeting.
Of these shares outstanding on the Special Meeting Record Date, 1,159,803,273 shares of Common Stock, and one share of Series AA Preferred Stock (collectively, the “New Shares”) were issued by the Company following the enactment of an amendment to the Company’s Certificate of Incorporation (the “2022 Certificate Amendment”) on July 26, 2022. The 2022 Certificate Amendment was approved at the Company’s July 26, 2022 annual meeting of stockholders (the “2022 Annual Meeting”). The 2022 Certificate Amendment increased the number of shares of Common Stock authorized for issuance from 500,000,000 to a total of 1,750,000,000 shares of Common Stock, and increased the number of shares of Preferred Stock authorized for issuance from 58,000,000 to a total of 500,000,000 shares of Preferred Stock, with a corresponding increase in our total authorized capital stock, which includes Common Stock and Preferred Stock, from 558,000,000 shares to 2,250,000,000 shares. The 2022 Certificate Amendment became effective when it was filed with the Office of the Secretary of State of the State of Delaware on July 26, 2022.
On December 7, 2022, a putative stockholder class action was filed in the Court of Chancery of the State of Delaware, styled as Robbins v. Michery, et al., C.A. No. 2022-1131-LWW (the “Robbins Action”). On December 13, 2022, a second putative stockholder class action was filed in the Court of Chancery of the State of Delaware, styled as Foley v. Michery, et al., C.A. No. 2022-1147-LWW (the “Foley Action” and, together with the Robbins Action, the “Stockholder Actions”). The plaintiffs in the Stockholder Actions filed complaints alleging, among other things, that the number of shares of Common Stock issued and outstanding as of the Annual Meeting Record Date (the “Annual Meeting Record Date”) was 477,510,822 and that, based on this eligible share total, a majority of shares of Common Stock, when considered separately as a class, did not vote in favor of the increase in authorized shares at the 2022 Annual Meeting.
The Company does not believe that the filing and effectiveness of the 2022 Certificate Amendment is either invalid or ineffective. However, to resolve any uncertainty, the Company is pursuing actions to ratify the 2022 Certificate Amendment through the filing of a validation proceeding with the Delaware Court of Chancery (the “Court of Chancery”) pursuant to Section 205 of the Delaware General Corporation Law (“Section 205”). Section 205 permits the Court of Chancery, in its discretion, to ratify and validate potentially defective acts. The Court of Chancery has scheduled a hearing to consider the Company’s Section 205 petition on January 23, 2023, at 9:15 a.m. Eastern Time.
The Company intends to proceed with the as-adjourned Special Meeting on January 19, 2022 at 11:00 a.m., Pacific Standard Time. However, the Company will not proceed to file the amendment to the Company’s Certificate of Incorporation contemplated by certain matters to be voted on at the Special Meeting pending further order of the Court of Chancery.
The Company’s description of its capital structure in the Proxy Statement assumes that the 2022 Certificate Amendment was validly effectuated. The accuracy of the Company’s description of its capital structure will be confirmed if the Court of Chancery ratifies and validates the 2022 Certificate Amendment.
FOMO PREANNOUNCES RECORD 2022 REVENUES; PREPARES TO EXPAND TO NEW MARKETS AND ACCELERATE GROWTH
12:05 PM ET 12/22/22 | GlobeNewswire
FOMO PREANNOUNCES RECORD 2022 REVENUES; PREPARES TO EXPAND TO NEW MARKETS AND ACCELERATE GROWTH
Pittsburgh, PA, Dec. 22, 2022 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. pka FOMO CORP. (US OTC: FOMC), reports that its wholly owned subsidiary, SMARTSolution Technologies L.P. ("SST"), generated record annual sales in 2022. Today, management pre-announces estimated pro forma 2022 annual revenues of greater than $9.4 million (as if the SST purchase closed on 01/01/22), in line with previously announced guidance and up over 125% year-over-year (pro forma stand-alone). SST generated the majority of revenues for the holding company over the trailing twelve months, though that is expected to change going forward through diversification into clean technology sales (www.cleansolutiontech.com), offering of online software and content (licensing training/compliance programming for agriculture/food, education and manufacturing markets from Russell Associates www.intratrain.com / www.inspectitrac.com, a company under letter of intent for purchase by FOMO's affiliate Himalaya Technologies, Inc. -- OTC: HMLA), and mergers and acquisitions under evaluation with engaged investment bankers and advisors. Annual results on a reported basis for FOMO WORLDWIDE, INC., including clean technology and other, are projected to rise over 1,000% from the prior year.
Throughout the year, since FOMO closed the SST purchase in February 2022, sales trended upwards setting the stage for strong annual performance. To this end, SST recently collected the final amounts due for 269 SMART interactive displays with a record order value of more than $1.4 million sold earlier this year to a large school district northeast of Pittsburgh. SST's order book remains strong, based on recent wins at multiple K12 school districts for smart boards, computer interface modules, video walls and AV products. Today, as a policy, SST requires customers to pay 50% deposits on all orders over $10,000 to expedite the order/delivery process from vendors. These orders account for approximately 50% of all sales currently booked. At present, SST has over two dozen active projects in its core markets of Eastern Ohio, Western Pennsylvania, and West Virginia, representing dollar value of seven figures including dropship orders directly to customers that perform their own installations as well as direct engagements that require installation by SST technicians, which typically carry higher margins but have a longer cash conversion cycle. With comprehensive supply chain improvements in the electronics industries, these cycles are reducing from several months to one or two months.
SST is now winning business in new verticals including municipal markets, healthcare, and enterprise and is adding to its sales force to expand beyond K12 to post-secondary education. Further, SST is enhancing its product offering to include audio and visual equipment for areas outside of classrooms and in boardrooms, interactive education software, digital signage, and value-added products to cross-sell to existing customers, of which many have done business with the Company for many years. Today, SST has strong visibility and a long-standing reputation of excellence in customer support. SST will exit 2022 with estimated backlog of approximately two million dollars, including equipment sales and associated installation business. Deliveries and installations are scheduled through the remainder of 2022 and into 1Q23-2Q23.
ESSER Funds and CARES Act Remain Substantial Top-Down Growth Drivers
From a top-down level, there remain billions of stimulus dollars allocated for public schools ("ESSER funds") and additional significant funding allocated for private schools under the CARES Act. School budgeting windows typically range from April - May of the calendar year, which positions SST nicely for rapid growth after existing backlog is delivered and orders for the next school year commence. For further information on ESSER and CARES stimulus funding program see the following:
https://oese.ed.gov/offices/education-stabilization-fund/elementary-secondary-school-emergency-relief-fund/
No, not enough. I'll flip it next week for a lot more.
Thanks for the advise
My 4500 @ $.353 looking pretty damn good right now and hopefully a lot better next week
Might as well take advantage of this dip!
LOL! Doubt there's that much float.
Remember to keep your shares locked up! If you own shares, submit an extended sell order for $2-5 so the shorts can't borrow your shares.
$MULN full reversal incoming!
Cut right thru support like a warm knife thru butter!!!
If you have been following this board for a while, you would know that we already discussed all of this. It is not that hard to get an extension! Mullen needs to have that RS in the cue, not saying that they have to use it. This shows that they have a definitive method of getting the SP back up. As long as all DAQ qualifying requirements remain met, NO issue getting extension.
Investorplace is the most bipolar supposed 'expert stork picker' I have ever seen!
The Time to Buy MULN Stock Is Now
MULN stock might be the only EV penny stock worth owning in 2023
5h ago · By David Moadel, InvestorPlace Contributor
3rd Resistance Point 0.4191
2nd Resistance Point 0.4039
1st Resistance Point 0.3907
Last Price 0.4015
1st Support Level 0.3623
2nd Support Level 0.3471
3rd Support Level 0.3339
Agree! 2021 was lined up for great things. That Syncrude news would've broken things open. Sounded promising, but...
$MULN extremely quiet for the past week or so. Hoping to get that shock & awe news cycle going before next week. T-9 days until meeting!
Interest rates, FUD and having a restricted (middle class) customer base is exactly why they need to pivot sooner than later. Though Tesla and Lucid appear to have opposite issues, look at Tesla's sales with their model 3 and Y. The cheap model 3 appears to be a very desirable car, yeah, even though there are discounts. They are being gobbled up overseas. Lucid NEEDS a version of the model 3 ASAP! Regardless of what happens with the other models, sustained sales is what matters.
Even Mullen saw the light and bought sales, distribution and branding rights to that Chinese made compact delivery EV I-GO so they could hopefully bring in some revenue while they try to get their chit together with their commercial and luxury EVs.
If they can get something going, it's not a bad buy. That dilution could be gone in a blink of an eye, but they are long, long overdue for any kind of news...forget the golf carts.
Don't forget to lock up your shares. If you own shares, submit a sell order for $2 so the shorts can't borrow your shares.
Oh, my bad. Musk is a philanthropist who roots for the success of Tesla competitors. I forgot he made his intellectual property available and provided a roadmap for corporate success.
If $LCID doesn't get a cheaper, expanded consumer priced vehicle in production ASAP, it will be in trouble in '24 and beyond. They need to start targeting a different sector of the EV market.
Electric Vehicle Stocks Plunged in 2022. Here's Why It Could Worsen in 2023
https://finance.yahoo.com/m/077e887e-e6d4-3b5d-8373-7154238d13e3/electric-vehicle-stocks.html
Yeah, because he knows he's they're not the only game in town anymore. Tesla is only as strong as its competitors' weaknesses.
Unless you start getting 100M volume days, this is going nowhere. Take a look at the the last Qtrly report, not a ridiculous amount, but quite a bit of dilution pending for such a low SS.
Q: What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do: 1. certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. 2. don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps :D.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.
https://www.contracts-for-difference.com/borrowing-lending-shares.html
Based on my research of that process a couple of months ago, I still can't understand why the word 'August' would even come out of his mouth. It's common knowledge that this process takes somewhere around 18 months and there are numerous hurdles to go thru for it to be approved. I wouldn't count on hearing any updates on this until fall, maybe winter.
Q: What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps :D.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.
https://www.contracts-for-difference.com/borrowing-lending-shares.html
A lot of shares turned over. Even the longs cashed in and rebought shares. They just need to relock their shares so brokers can't lend them out to shorts. Terrible what happened on Friday. All that progress and momentum...
Let's hope you're right brother. Very intriguing story.
Shock & Awe campaign incoming from $MULN IR. Everything in a row will bury all shorts!!! Next week will be awesome!
The Shorts have finally capitulated!!!