Mullen Automotive Inc (MULN): I might buy some on this low volume with...

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Monroe1

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Friday, 06/30/2023 11:58:04 AM

Friday, June 30, 2023 11:58:04 AM

I might buy some on this low volume with the pps bouncing around. Bottom may be in. Will the naked shorts back off now? They are getting pretty overextended it appears. Just my take.
Mullen Announces the Sale of 22 EV Cargo Vans to Randy Marion Automotive Group; Sales Revenue to Be Recognized in Upcoming 10-Q
June 29 2023 - 08:00AM
GlobeNewswire Inc.
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via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen”or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today it has sold 22 EV cargo vans to the Randy Marion Automotive Group. The $308,000 is the company’s first recorded revenue and is being recognized in the quarter ending June 30, 2023. All vehicles are in que to be shipped, with the first vehicles shipping today, June 29, 2023, from Mullen’s Tunica, Mississippi, assembly plant to Randy Marion Automotive Group in North Carolina. Randy Marion is the authorized distributor of Mullen’s commercial EVs in the U.S.