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Let's stop poo pooing around and get this thing over 2.00.
Don't get fooled on this low volume pre market. We saw the same thing when the stock dropped from .80 to .72 premarket and ended up at 1.20 same day.
Futures are up nice. My guess is when the market opens this goes green.
Stop with the 360 in cash already. It's 100 percent not true. And if you actually believe it yourself, I will bet you 1 Million dollars right now.
Pre market volume is nothing like it was yesterday.
Mullen moving back up with the futures. If the market is green tomorrow, Mullen will be well over 2.00
He also got a million more. The company was founded in 2014. I would probably sell some if I got the opportunity too. It has nothing to do with my faith in the company.
It's the same short tactics on every board. An insider sold, or there is dilution. Blah, Blah, Blah. I see people screaming prices, but nobody is actually valuating the company.
What's the reason for shorting?
Do they have a battery that can go 600 Miles?
I don't believe it will go to 20 so quickly, but I am certainly not going to complain if you are right.
The likelihood of Mullen only having 360 in cash is about the same chance there is a nuclear missile under your bed right now.
When Mullen was running this morning, the markets were up big. The market can't seem to hold gains right now with everything going on.
Hard to believe it's not going to fill the gap now that it's very close.
IT's a battle to fill the 1.50 gap or forget it and blast off.
Fundamentals support 10. But not 100 at this time.
Lets fill the 11.80 gap first. LOL
There is going to be 100 Million traded before the market opens. Insane volume.
What makes you think it wasn't a dump and pump?
Nothing wrong with 1 billion in dilution if they make 20 Billion in sales. Got it?
Yes but they are supposed to make 5000 cars this year, and actually they increased it to 25000. It just comes down to whether you believe them or not.
What's interesting is the original 2.2 valuation for 2023 on Mullen was based on 5000 vehicles. They increased the pre orders to 25000 vehicles. Even with 250 Million shares outstanding, the stock should definitely be over 10.00
That would be about 6-7 stock based on the 2.2 Billion 2023 valuation. 2024 ramp up could be at least 5x that. From 1.00 to 35+ in two years is definitely worth the wait.
If the only have 360 in cash, then they only have 34 Million shares outstanding too. LOL
Give it up already.
Assuming 200 Million shares outstanding, 100 would be a 20 billion market cap. Could definitely happen in the future. But not likely anytime soon. It would have to get there on fundamentals, too many shares outstanding to get there on a short squeeze.
Just hope it doesn't cross 1.72. There is no volume after that. The stock could explode upward.
Cramer's Monkey has been a lot more right than you have and he said it's going higher.
OTC markets generally keeps OS up to date even on Nasdaq listed stocks. For some reason not this one though.
Probably just a shorts covering. Why would they dilute so many shares( and at a buck) if they are now getting the EV loan? My guess would be that they are diluting because they are not getting the loan.
Thanks. There is a lot of convertible debt in this company. When things don't seem to be going right, you take your gains. This stock will probably bounce like a yo yo for awhile. When the dilution faucet is on, it will come down, when they turn it off, it will go up.
I made 7000 in 3 days. LOL. How much did you make? LOL. And ready to do it again when it drops into the .70's.
"On FDA regulation, the rule—for now, at least—is clear: Any device that is “intended for use in the diagnosis of disease of other conditions, or in the cure, mitigation, treatment, or prevention of disease” requires FDA approval, Curtis said. This goes for devices meant for humans and animals, as the FDA regulates both."
https://www.ama-assn.org/practice-management/digital/wearables-fda-and-patient-advice-what-physicians-should-know#:~:text=The%20Food%20and%20Drug%20Administration%20%28FDA%29%20has%20basic,the%20safety%20and%20efficacy%20of%20new%20consumer-facing%20products.
New presentation on website.
Slide #25 Key Near term Milestones
1H-2H 2022 Product purchase commitments.
2H 2022 Volume purchase orders.
I wish I new how to post individual slides.
Rockley is ready to rock and roll. No doubt.
https://s28.q4cdn.com/749577678/files/doc_financials/2021/q4/RKLY-4Q21-Investor-Presentation-FINAL-2022-03-08.pdf
That came out today. LOL.
The news I posted came out Feb 7th. LOL.
I said even if they dilute 1 Billion shares, the stock should still be worth 2.00. They can't even dilute past 500 Million unless they have a shareholder meeting and a vote to increase A/S
Tesla has over 1 Billion shares outstanding. NIO has almost 2 Billion shares outstanding.
These car companies will bring in Billions. So a Billion shares is not that big of deal.
The PR that came out yesterday about the share buyback said they had 93 Million shares Outstanding as of Feb 28th.
What filing came out today that said they have 188 Million? That means they diluted 90 Million shares in a week.
Authorized shares is 500 Million. Outstanding shares is 93 million with a potential 7 Million share buyback.
Not very good DD if you ask me.
https://news.mullenusa.com/mullen-automotive-strengthens-balance-sheet
I own both Rockley and POET but I am not in POET for the wearables .
No they are in human trials right now. And they built their own facility to do the trials. So they see it very important to get FDA approval.
Until then, it will be exactly the same as POET. 2024 is when the expect FDA approval.
But Rockley also had deals with 6 of the top 10 wearable manufactures. So that also tells me they want the FDA approval in their products.