Copied from the MULN 10k filing. stock down 17% in after hours.
This is going nowhere but down the drain!!
"We have incurred significant losses since inception, and we expect that we will continue to incur losses for the foreseeable future;
? We will require substantial additional financing to effectuate our business plan;
? We have not yet manufactured or sold any production vehicles to customers and may never develop or manufacture any vehicles;
? Our limited operating history makes it difficult for us to evaluate our future business prospects;
? Our auditor has expressed substantial doubt about our ability to continue as a going concern;
? Certain of our lenders and the Internal Revenue Service have liens on our assets;
? We have not paid, and do not plan to pay, cash dividends on our Common Stock, so any return on investment may be limited to the value of our Common Stock;
? Our stockholders are subject to significant dilution upon the occurrence of certain events which could result in a decrease in our stock price.
? Our commitments to issue shares of Common Stock or securities that are convertible into shares of Common Stock may cause significant dilution to stock holders;
? Our commitment to issue shares of Common Stock pursuant to the terms of the Notes, our preferred stock and the Warrants could encourage short sales by third parties which could contribute to the future decline of stock price;
? We may not be able to maintain compliance with continued listing requirements of the NASDAQ Capital Market;
? We may not be able to develop, manufacture and obtain regulatory approvals for a car of sufficient quality to appeal to customers on schedule or at all;
? Our currently planned vehicles rely on lithium-ion battery cells, which have been observed to catch fire or vent smoke and flame, potentially subjecting us to litigation, recall, and redesign risks;
? The efficiency of a battery’s use will decline over time, which may negatively influence customers’ decisions whether to purchase an electric vehicle;
? We rely on our OEMs, suppliers and service providers for parts and components, any of whom could choose not to do business with us;
? We will rely on complex machinery for its operations and production, which involve a significant degree of risk and uncertainty in operational performance and costs;
? Complex software and technology systems need to be developed in coordination with vendors and suppliers, and there can be no assurance that such systems will be successfully developed;
? We may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles, which could harm our business and prospects;
? The inability of our suppliers, including single or limited source suppliers, to deliver components in a timely manner or at acceptable prices or volumes could have a material adverse effect on our business and prospects;
? Financial distress of our suppliers could necessitate that we provide substantial financial support, which could increase our costs, affect our liquidity or cause production disruptions"
