Mullen Automotive Inc (MULN)

[Dragon Lady]

MULN_PR: CASH_FLUSH_AND_HITTING_ALL_KEY_METRICS - IT'S_GO_TIME :)

Top of the week SMART MONEY - PR BY MULN shows their firing on all cylinders ....oh wait....ALL HIGH TECH BATTERY PACKS...NO cylinders in these CUTTING EDGE EV VEHICLES :)

https://ih.advfn.com/stock-market/NASDAQ/mullen-automotive-MULN/stock-news/87669048/mullen-strengthens-balance-sheet

QUOTE:

"
Mullen Strengthens Balance Sheet

March 28 2022 - 08:00AM
GlobeNewswire Inc.

ia InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that it expects to report in excess of $65 million in cash and cash equivalents when it files Form 10Q for the Company’s second quarter ending March 31, 2022.

“We’ve made tremendous progress in key areas over the past three months,” said David Michery, CEO and chairman of Mullen Automotive. “With the financing we received, we now have more than enough capital to execute on our commitments for 2022, including the start of the Mullen FIVE EV Crossover program and continued development on the Mullen ONE EV Cargo Van program. The Company's balance sheet is the strongest it has ever been in our history.”

TIME TO BUST A MOVE ON THE CHARTS AND PUT THE SHORTS IN THE HURT LOCKER FOR GOOD - they are hitting EVERY KEY METRIC AT MULLEN and hiring for their new assembly line and THE VANS appear on target to roll-off in Q-2 2022, nothing has been stated to the contrary.

NEXT LEG UP is primed and CHART IS STILL A THING OF BEAUTY with all key indicators BULLISH AND STILL ABOVE ALL KEY TREND LINES :)