Mullen Automotive Inc (MULN)

[Dragon Lady]

GOING CONCERN: CASH BUSTED BK W/O MASS DILUTION !!

DIRTY DAVE DUMPS THIS DUMPSTER FILE "FILING" and not even a kiss or smoke and "Afterglow" to the BAGHOLDERS LMAO .....the dude aka PRIVATE JET COIN MAN aka THE GREASER...is a pure scum bag con man of the old school gutter style....

Now we know why the pump has been on….not a single dollar in revenue in the first quarter. Not one.

Yepper- AND they are CASH BUSTED BROKE and must MASS DILUTE or file BK inside of any given month or two.....it's DIRE.....

THEY ARE SMOKING UP close to $1 Ba Ba BILLION ANNUAL and produce LITERALLY NOTHING for all that cash....well EXCEPT DIRTY DAVE AND THE HEDGE BOYS are getting filthy wealthy.....TEXTBOOK DILUTON MILL SCAM CON-JOB SHARE PRINTING MACHINE ATM.....

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000155837023009879/muln-20230331x10q.htm

PAGE 10 QUOTE:

"NOTE 2 – LIQUIDITY, CAPITAL RESOURCES, AND GOING CONCERN CONSIDERATION


Going Concern

The accompanying unaudited condensed consolidated financial statements have been prepared on the basis that the Company will continue as a going concern. Our principal source of liquidity consists of existing cash and restricted cash of approximately $86.7 million as of March 31, 2023.

During the six months ended March 31, 2023, the Company used $67.6 million of cash for operating activities and had net working capital deficit of approximately $22.5 million as of March 31, 2023.

The Company has not generated revenue to date and has accumulated losses since inception. The Company’s ability to continue operating as a going concern is contingent upon, among other things, its ability to raise sufficient additional capital and/or obtaining the necessary financing to support ongoing and future operations and to successfully manufacture and launch its products for sale.

While the Company expects to obtain the additional capital and/or financing that is needed, there is no assurance that the Company will be successful in obtaining the necessary funds to bring its product and service offerings to market and support future operations. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

Our management plans to raise additional capital through a combination of equity and debt financing, strategic alliances, and licensing arrangements. Under existing Securities Purchase Agreement, dated June 7, 2022 and as further amended, the Company has sold Series D Preferred Stock and common stock as well as detached warrants for $45 million (see

Note 19 – Subsequent Events) and a may obtain additional investment, in the amount of $45 million under similar conditions by June 30, 2023.
"

REMEMBER KIDS - ALL CASH on this CON JOB FILING is rear view mirror SMOKE AND GONNER.....

DILUTION IS THEIR ONLY SOLUTION as they sell NOTHING and have ZERO REVENUES....not a plug wooden nickel's worth as correctly stated above by the other poster....

WITHOUT ENDLESS MASS DILUTION - this POS IS INSIDE A BK COURT IN UNDER 60 DAYS and are MASSIVELY IN DEBT TOO BOOT WTF.....

This scam will NEVER MAKE IT and NEVER SURVIVE - this goes SUB ONE $BUCK RAPIDLY + they are ALREADY RUSSELL DE-LISTED AND THAT EQUALS MASS SHARE DUMPING + ENDLESS GUTTER WARRANTS FOR THE COMBO SHORT STRADDLES TO THE DIRT NAP LEVELS....

DIRTY DAVE CON JOB "UP IN SMOKE NUMERO 6 FAILURE CON MACHINE" - thee end....nothing else to say but a SCAM....total smoke machine...

THEIR ONLY "PRODUCT" MULN-a-CRIME SELLS IS DILUTION SHARES TO BAG HOLDING PENNY MARKS....

TEE UP THE NEXT REVERSE SPLIT....it's already in the hopper 100% GUARANT-DAMN-TEED :)))

https://www.vicksburgpost.com/2001/08/29/city-man-pleads-guilty-to-securities-laws-violations/