Mullen Automotive Inc (MULN)

[Smilin_B]

I was thinking to myself: "Self?.. why would Michery have chosen to sell 713,000 shares at a paltry $1.0145 on 5/23/22 if he had any confidence in the BIC battery results coming out better than anticipated?"

https://www.sec.gov/Archives/edgar/data/0001499961/000120919122032006/xslF345X03/doc4.xml

He left $0.5455/share in profits on the table, which equates to $409,125 in missed income for him.

I then hypothesized he felt it best to monetize these shares at such a low price vs waiting 8 more days for the BIC press release, so as to be less in the spotlight than if he waited to sell those shares today and lock in an additional $409,125.

In selling at $1.01/share, that took the wind out of many of our sails and, at the time, made investors of MULN quite upset as it indicated a lack of confidence by the Michery.

He pocketed over $750,000 in cash on 5/23/22

In hindsight, it was the lesser of two evils to sell pre news release vs post news release so as not to be chastised for selling into the news.

I wonder if during the interview tomorrow, that transaction will come up and call for some type of an explanation. Again, in hindsight - 750,000 shares is a drop in the bucket in comparison to today's 300M+ share volume.

For those of us that have been here since the beginning and have profited emmensly on TRADING the ranges - to those that have just been HODL'ing praying for day like today - a huge congratulations goes out to all of you.

Today was a nice mid 5 figure day for me and i cashed out 75% of my core and intraday block scalped MULN 4x. It was easy to do if watching L2 closely.

MULN has been a consistent winner for me since inception. It isnt the $463,000 profit I made off of RDBX, but overall comes in a close second.

Congratulations to everyone that had the balls to hold on.