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Don't worry, this thing pops back 1.00 at a time. A very dangerous game to be shorting. Could be looking good today, and then tomorrow it's at 4.00.
They either have to have a heck of a lot more than 65 Million or something is going to smell funky.
I don't think the market is going to react to the company. It doesn't really matter the company. I think the market will react more to the size of the deal. Since we don't know how many vans are sold, it's hard to predict a price.
A SPAC is only a way a company gets listed on an exchange. There will be successful companies and unsuccessful companies just like any other way a company gets listed on an exchange.
Well the writer says the market cap is about 105 Million. That's a bit off with the new share count. It's more closer to 700 Million.
He could have sold his shares at 4.00. Your statement makes no sense.
Anytime a CEO sells before April 15th, could simply be to pay some taxes
Well if a fortune 500 company is making deals with crooks, then I am in.
Don't need a squeeze. NIO went from 3.50 to over 60 in 8 months and they have almost 5 billion shares outstanding.
Not likely with the markets up today. The Dow was down 550 points yesterday. It's up over 200 today. That's why premarket is coming back.
Market watch says 239 Million.
https://www.marketwatch.com/investing/stock/muln?mod=mw_quote_tab
Actually it's probably the timing that he had. You can't be selling when big news events are hitting. Plenty of them coming up.
As an insider there are only certain windows when you can sell shares.
And 50.00 x the 800,000 he still has left is 40 Million dollars. Plus the more shares he will get with the company as time goes on.
Consider that Mullen was up like 50% yesterday and this morning and the markets tanked hard today. Profit taking more than likely the only reason for the downtrend today.
One thing that is clear about the 8-K. The "Risk Factors" are old news. If you were worried about the "Risk Factors" today than you should have been worried about them 3 weeks ago when the stock was under 1.00. they have been in previous filings too.
The "Smart Ones" know this.
I got back on because what's more important than the 8-K? The big van delivery news and the EV Loan.
We can discuss the 8-k again when the stock is 50.00 and see who the smart one's were.
Any seasoned investor knows that any startup or company not making money yet, has these same statements in their filings because it is required.
NIO doesn't even make money yet and has a lot of debt.
How about doordash, draft kings, uber, robinhood, and beyond meat? None of those companies are profitable yet.
If those type of statements scare you, then you should only invest in profitable companies.
Van delivery was already public. Not sure saying it's fortune 500 company is a material event. If he said the name of the company it would be.
Simply not true.
Dilution way better than debt. Dilution increases value in the company long term.
I would rather own 10% of a 100 Million company vs 20% of a 20 Million company
They can also buy back shares at a later time when they are making Billions.
So what? If they eventually dilute to 1 Billion shares to become a 100+ billion company, that's at least 100.00 a share.
J and J has 2.6 Billion shares outstanding and still a 177.00 stock price.
I still think this will be 10+ by the end of the year and 40-80 next year.
The fact that the stock dropped below the 4.00 resistance could be an indication the company started raising capital at 5.00. We know they have all those prospectus. Hoping they wouldn't have to use them. But who knows?
Yep. Brought it down on low volume. The longer this stays down the greater chance of a major gap up when the big news hits.
I think what happened here is that many jumped in for a massive short squeeze and it didn't happen. That doesn't mean it won't. But as of right now it didn't and now people are just taking their profits and moving on.
It has nothing to do with fundamentals. But it is what it is right now. If the company hits their business goals, the stock will be properly valuated.
Sounds like you are losing money. The ones that are most agitated are the one's losing money
What did you warn? That the stock was going to drop after a 600% GAIN.?
Do you want a brownie button? LOL
Why do you feel this is garbage? Please explain.
Yep. Folks will learn here. I follow fundamentals, not charts.
What's the percentage of day traders that lose money?
Is day trading a good idea? Day trading is not worth it for the vast majority of day traders. Anecdotally, it's been widely estimated that 95% of day traders ultimately lose money, and it's been empirically demonstrated that about the same percentage of unprofitable day traders continues despite losing money.
LOL. OOPS> Plane flies over head.
Way too many shorts here. They are going to contribute to a house market crash when there are so many foreclosed homes.
That was my Suprise post to you when you said the stock wouldn't do more than 60 Million in volume. LMAO
Wow. That's high. I paid .70. LOL
Nobody can control what the stock does in the short term. It could go to 1.00, it could go to 10.00. But if the vans get delivered, and they sell 25,000 Mullen fives, the stock is going to be much higher than the current price. The latest shareholder letter that was released Feb 17th, said they were still on target to deliver the vans.
I don't need to hear the company is fake, a scam, they have done nothing ETC. There is no proof of that right now. That's just fear Mongering.
The stock ran almost 600% in two weeks. You don't supposed there could be some profit taking and consolidation? Hmm.
Vans are to be delivered 2nd quarter. That starts next week. LOL.
If the vans don't get delivered second quarter, then it's a problem. Until then no worries.
Over 90% of people calling prices have been wrong. Calling prices means nothing. The only thing that means something is the company executing the business plan.
I agree "UNLESS". LOL. The stock isn't moving anywhere unless this or that happens. LOL
Isn't that with any company? The posting is comical.
97% of scientists believe that there is man made climate change going on. 97%. There is nothing to choose. Why would anybody go against a group that have been studying this there entire life?
That's like saying I don't trust my dentist, I will do my own root canal with absolutely no experience in the matter.
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