Mullen Automotive Inc (MULN)

[Jagman5]

First, he paid $0.98 / share so won't make a profit.

Second, on the manufacturing side they have done exactly what was needed to get into the vehicle making business, which is very difficult. Will they survive? Who knows, but not looking good. The big problem that they have is that they can't come up with enough cash to adequately flesh out capacity. Tenkay mentioned getting to $75M per month in revenue to stabilize. At the rate they are progressing that will take about 2 years. IMO they will not survive that long. I really wish I could be more optimistic.

$MULN