Followers | 376 |
Posts | 17217 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
Thursday, February 23, 2023 12:52:40 PM
Ooooh - it's gonna get a LOT WORSE FROM HERE boys n girls LMAO !!
DIRTY DAVE "gifts" to himself literally 100's of MILLIONS OF FREE TRASH SHARES and never ever ever has STOPPED DUMPING since this SPAC-SCAM was started -
THE CEO CLOWN aka DIRTY DAVE aka THE FAT MAN aka MAN BOOBS DAVEY - he's dumped at $12 and at $10 and at $8 and at $6 and $3 and then $1 and then pennies allllll the waaaay dowwwwwn to literally 18 cents per share - you know, cause this is the next TESLA blah blah WTF ????
DIRTY DAVE just a week ago Feb 2023 DUMPED ANOTHER 14 MILLION SHARES AT 30 lousy cents and then re-gifts himself MORE to keep his DUMPER KITTY FULL - he's a con and is going to be indicted for this fraud sooner than later :)))
https://investorplace.com/2023/02/muln-stock-mullen-wants-to-resell-up-to-2-49-billion-shares/
MULN Stock: Mullen Wants to Resell Up to 2.49 BILLION Shares
There were 1.36 billion shares of MULN stock outstanding as of Dec. 31
By Eddie Pan, InvestorPlace Assistant News Writer Feb 15, 2023, 1:12 pm EST
Mullen Automotive (MULN) will resell up to 2.49 billion shares from existing shareholders like Esousa Holdings and Acuitas Capital.
The company also announced a securities offering, although it did not immediately provide details.
Mullen Automotive (NASDAQ:MULN) stock is in the red today following the announcement of a securities offering and the resale of up to 2.49 billion shares. The amount and type of securities to be offered will be disclosed through “one or more prospectus supplements” at a later time.
Mullen has authorization to issue up to 5 billion shares of common stock and 500 million shares of preferred stock. As of Feb. 8, the company had issued 1.74 billion shares of common stock and 1.57 million shares of Series A, C and D preferred stock.
Back in October, the electric vehicle (EV) company announced that it would resell up to 900 million shares. The offering consisted of common stock and common stock issuable upon the conversion of Series D preferred stock and warrants.
MULN Stock: Mullen Discloses Resale of Up to 2.49 Billion Shares
Several notable shareholders will be participating in the current resale, such as Bollinger CEO Robert Bollinger, Esousa Holdings and Acuitas Capital. Bollinger is eligible to resell up to 51.06 million shares, which represents the entirety of his stake. Meanwhile, Esousa is eligible to resell 901.02 million shares, while Acuitas can resell 883.35 million shares. In addition, both Esousa and Acuitas’ stake mainly consists of convertible securities. Mullen noted in a filing that the two entities owned zero shares of MULN common stock prior to the offering.
Mullen has stated that it will not receive proceeds from the sale of common stock by selling stockholders. These stockholders may sell their shares at their discretion.
Esousa and Acuitas converting their securities into common stock will be highly dilutive for MULN stock, resulting in more shares flooding the market. Mullen noted in the filing:
“The additional shares of our authorized stock available for issuance may be issued at times and under circumstances so as to have a dilutive effect on earnings per share and on the equity ownership of the holders of our Common Stock.”
As of Dec. 31, 2021, there were 17.47 million weighted average shares outstanding. That figure jumped to 1.36 billion as of Dec. 31, 2022. Within that time period, shares of MULN fell lower by more than 90%.
"
THEE END KIDS - it's ALL a share dilution mill SCAM n CON and in a DEATH SPIRAL TO HELL ITSELF NOW - sell or lose it all IMO :)
ZERO is the bottom on these kinds of frauds - literally BK and/or INDICTED are the only two real options and "business plan" for a SPAC-SCAM as dirty as this crime scene....
DIRTY DAVE - this SCAM is living off of CONVERTIBLE DEBENTURES aka DEATH SPIRAL GUTTER FINANCING all all all all as THE FAT MAN SELL n DUMPS never ending =
IT's a SCAM kids - and a bad on at that :))
This DOES NOT END WELL for bagholders and penny marks and dupes who get their info from Twatter and Twit-Twat paid pump crews who DIRTY DAVE pay to "work" this scam literally 24/7 and 365 days a yr - spinning a new tall tale and scam daily LMAO !!
RECENT - was the "VAN SCAM PHOTO" circulated of supposed "MULN-a-CON VANS ALL LINED UP READY FOR DELIVERY".....FANTASY LIE ...and the big con-job...."BUILT IN TUNICIA READY TO DELIVER" with a tightly cropped scam pic -
IT...it....it was the OLD BK ELMS SCAM and the "vans" now WORTHLESS (can NOT be sold as "new" after sitting for years in the weather etc) were tightly cropped to show NO MARKINGS and NO LOGOS etc -
ALL all just more of the same... pure GUTTER PUMP TWATTER FRAUD...by a paid "crew" ....OTC style crap n scamming.....setting the PUMP for DIRTY DAVE to DUMP THE TRASH....wash...rinse....repeat.....
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
Recent MULN News
- Mullen Announces Papé Truck’s $3.2M Vehicle Purchase with Immediate Delivery and Revenue Recognition of 50 Class 1 and Class 3 Vehicles • GlobeNewswire Inc. • 09/26/2024 01:09:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/24/2024 01:30:20 PM
- Mullen CEO Provides Video Update to Shareholders • GlobeNewswire Inc. • 09/24/2024 01:00:00 PM
- Mullen Automotive CEO to Update Shareholders in Upcoming Video • GlobeNewswire Inc. • 09/23/2024 03:00:00 PM
- Birth of a Manufacturer: Bollinger Motors Celebrates First Customer-Ready Production Electric Trucks • PR Newswire (US) • 09/23/2024 01:30:00 PM
- Mullen Subsidiary, Bollinger Motors, Achieves Major Milestone Today with Production of First Customer-Ready B4 Electric Truck • GlobeNewswire Inc. • 09/23/2024 01:15:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 09/20/2024 09:21:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 09:00:17 PM
- Mullen Provides Update on Volt Mobility $210 Million UAE Order • GlobeNewswire Inc. • 09/20/2024 01:25:00 PM
- BOLLINGER MOTORS ANNOUNCES PRICING FOR THE 2025 BOLLINGER B4 COMMERCIAL ELECTRIC TRUCK • PR Newswire (US) • 09/18/2024 01:30:00 PM
- Mullen Subsidiary, Bollinger Motors, Announces Pricing for the 2025 B4 Commercial Electric Truck • GlobeNewswire Inc. • 09/18/2024 01:15:00 PM
- Mullen Enters into Sales and Service Agreement with Papé Kenworth; one of America’s Leading Commercial Dealer Groups • GlobeNewswire Inc. • 09/17/2024 01:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/16/2024 04:15:17 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/13/2024 09:15:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 09:15:19 PM
- Mullen Automotive Inc. Announces Reverse Stock Split Effective Sept. 17, 2024 • GlobeNewswire Inc. • 09/13/2024 03:55:00 PM
- BOLLINGER MOTORS CONTINUES WESTWARD EXPANSION, ADDS AFFINITY TRUCK CENTER TO ITS RETAIL NETWORK • PR Newswire (US) • 09/11/2024 01:45:00 PM
- Mullen Subsidiary, Bollinger Motors, Continues Westward Expansion, Adds Affinity Truck Center to Its Retail Network • GlobeNewswire Inc. • 09/11/2024 01:30:00 PM
- BOLLINGER MOTORS ACHIEVES CARB CERTIFICATION, A CRITICAL STEP IN BECOMING SALES-READY • PR Newswire (US) • 09/09/2024 01:30:00 PM
- Mullen Subsidiary, Bollinger Motors, Achieves CARB Certification; A Critical Step in Becoming Sales Ready • GlobeNewswire Inc. • 09/09/2024 01:15:00 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 09/06/2024 09:21:01 PM
- BOLLINGER MOTORS AGREES TO PARTNERSHIP WITH TEXAS CONSULTING & DEVELOPMENT • PR Newswire (US) • 09/05/2024 02:15:00 PM
- Mullen Subsidiary, Bollinger Motors, Agrees to Partnership with Texas Consulting & Development • GlobeNewswire Inc. • 09/05/2024 01:15:00 PM
- Mullen Automotive Ships Initial Commercial EVs Under $210M Purchase Contract with Volt Mobility • GlobeNewswire Inc. • 09/04/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 09:15:19 PM
Branded Legacy, Inc. Secures Key Client with $70,000,000 Annual Revenue; Expects to Surpass $10,000,000 in 2025 • BLEG • Oct 1, 2024 7:00 AM
Element79 Gold Corp secures loi for launching tailings reprocessing business in Arequipa, Peru • ELMGF • Oct 1, 2024 6:38 AM
BARRON'S COVE to Premier at the Hamptons International Film Festival • APHP • Sep 30, 2024 2:56 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM