Almost every single EV "dream" has ended in disaster. Just the dot com bubble, computer bubble, the pot bubble! If lcid did not have the deep pocket their stock would be sub dollar. ride,nkla, solo, rivn, psny, and others.
nkla was criminal~ believe the major play was thrown in jail.
Hindenburg did "stock shot" piece on nkla and muln
MULN based upon 2012 stock was $21,000.00 2023 .74
Sure the Saudi fund is going to buy them out! LCID is a big enough money pit . They surely don't want another
MULN will need to raise serious money and the dilution will be disastrous . Management appears very sleazy~
NASDAQ listing once again will be in question and another RS will be needed.
They had around $86 million at the end of the Q the balance sheet is horrible they have $112 million intangables ( worthless) and another $92 million in Goodwill ( almost worthless) unless the merger which would shield from taxes .
Don't forget the Preferred--no reverse split and one only can assume the conversion into common in attractive.
All these young bulls on this thread would not know a cheap stock if it even bit them in the Ass.
Here is a super cheap stock for comparison
PYYX_-farms tobacco
from the 3rd rev $655,000,000.00 earned .09 (comprehensive income) rev 9 $1,500,000,000.00
Bk $6
Cash/sh $over $8.00
earning for the year out Tuesday morning management states from their FEB 14th release anticipate $1.85 billion to $2.million
Increase retail product price by 25%, fuel and transportation cost collapsed ( very bullish) Asia market ans South American markets are HOT,
reorg. their debt-- total turn -around i think they earning .15-.25 for the fourth. cargo containers were $15,000.00 now $1,500.00 oil was $100 now $71 Natgas was $9 now barely $2.00
Now this is winner compared to muln money pit
only 25 million shares fully diluted SHARE PRICE $1.31
FULLY REPORTING- NOW THIS IS A CHEAP STOCK!
ADJUSTED EBITDA $150,000,000.00
TUESDAY MORNING 6 AM pst EARNING RELEASE FOR THE FOURTH Q AND YEAR-END AND GUIDANCE
