Mullen Automotive Inc (MULN)

[I-Glow]

I can't wait for the financials to be filed on 05/15/2024.

From Kendalf on Reddit:

“Expected” Income from Mullen Purchase Order PRs Contrasted with Recognized Revenue

This is a list of Mullen official PR’s since December 2020 indicating the declared values of purchase orders and agreements for their commercial vehicles.

• $75M (with an additional $425M in follow-up orders) - Unlimited Electrical Contractors Corp (12/30/2020)
• $60M - Heights Dispensary (8/03/2021)
• Undisclosed Amount - Fortune 500 company “that is going to buy a lot of these vehicles” (3/30/2022)
• $21M - Delpack Logistics (7/11/2022)
• $200M - Randy Marion Auto Group (12/14/2022)
• $63M - Randy Marion Auto Group (5/02/2023)
• $15.75M - MGT Lease Company (5/11/2023)
• $321k - Newgate Motor Group (7/17/2023)
• ~$205k - NRTC (8/28/2023)
• ~$480k - Grupo Cavel (1/30/2024)

Total: $436M (not including the additional $425M in follow-up orders in the UEC PR)
During this period of time, Mullen has only recognized $366k in total revenue, less than 1/1000th of what was claimed.

When the financials are filed - let the party begin. How are the sales going at Randy Marion?

IG