Mullen Automotive Inc (MULN)

[Dragon Lady]

$MULN: 10-Q SAYS BK IS "WITHIN 30 DAYS" LMAO !!!!

NASDAQ DE-LIST and likely OTC "EXPERT MARKET" DEATH BLOW IN-COMING LIKE A HOT NUKE !!!

💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️

BUT but but but....FIRST....let do....ANOTHER REVERSE SPLIT and quick-like DIRTY DAVE MICHERY aka THE FAT MAN aka THE GREASER is getting paid-out MORE more a more "PERFORMANCE BONUSES" on this crime scene shit heap criminal scam......

DIRTY DAVE is gonna suck-out ONE LAST BIG PAY-DAY before they send this shit heap dead horse to the BK glue factory....it's literally criminal......:))

https://www.sec.gov/Archives/edgar/data/1499961/000143774924026065/muln20240630c_10q.htm

READ THAT STEAMING SHIT PILE of word salad for some good gutter stock con n crime comedy gold - looks like DIRTY DAVE'S LEGAL COUNCIL finally got to his stump of a criminal brain stem and told him to start writing-down their FAKE AS SHIT "Goodwill" and other scam non existent "assets" to help him when he gets his CLUB FED PRISON TRIAL/SENTENCE LMAO - they're wiping that fake shit "Goodwill" off like an etch-a-sketch !!!

PAGE-10.... KEY LINES 10-Q FROM HELL ITSELF:

NOTE 2 – LIQUIDITY, CAPITAL RESOURCES, AND GOING CONCERN



These consolidated financial statements have been prepared on the basis that assumes the Company will continue as a going concern which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business.


During the nine months ended June 30, 2024, the COVID-19 pandemic did not have a material impact on our operating results. The Company has not observed any impairments of its assets or a significant change in the fair value of its assets due to the COVID-19 pandemic. At this time, it is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company’s business or results of operations, financial condition, or liquidity.



The Company evaluated whether there are any conditions and events, considered in the aggregate, that raise substantial doubt about its ability to continue as a going concern over the next twelve months from the date of filing this report. The Company's principal source of liquidity consists of existing cash and restricted cash of approximately $4.0 million as of June 30, 2024. During the nine months ended June 30, 2024, the Company used approximately $145.2 million of cash for operating activities. The net working capital deficit on June 30, 2024 amounted to approximately $59.0 million, or $10.4 million after excluding derivative and warrant liabilities, Series E Preferred Stock liability, ELOC commitment fees, and liabilities to issue stock that may be settled by issuing common stock, rather than cash.

For the nine months ended June 30, 2024, the Company incurred a net loss of $327.0 million and, and as of June 30, 2024, our accumulated deficit was $2,143.3 million. There is substantial doubt about the Company's ability to continue as a going concern because the cash on hand is insufficient to meet its working capital and capital expenditure requirements for a period of at least twelve months from the date of the filing of this Form 10-Q.



If the Company does not secure adequate funding to fulfill its current liabilities, it anticipates seeking bankruptcy protection in various jurisdictions within 30 days of publishing these financial statements. The Company is actively pursuing additional funds. However, there is no guarantee that the Company will be able to restructure its debts and/or secure the necessary financing on favorable terms.

MULLENS-a-CoN FRAUD TRACKER....

1. FORTUNE 500 A SCAM and JOINT PR NEVER HAPPENED FROM SAME WTF ????
2. What is up with the 130 patents that were filed a year ago?
3. What happened to the DelPack Logistics deal from last year?
4. Where are the atmospheric drinking water devices from 10 months ago?
5. Where is the 5 RS from 9 months ago?
6. The ELMS assets were purchased 9 months ago, and no updates?
7. How many i-GO’s have been sold?
8. Where is Mullen with the Loop Global partnership?
9. What is going on with the Menzie’s deal from 4 months ago?
10. Where is the sportscar you claimed to offer from Qiantu from 3 months ago?
11. …Rapid Response Defense Systems deal from 3 months ago?
12. Intersection Media lawsuit?
13. Solid-state Polymer Batteries that were going to change the world, lol?
14. MAEO – Hardge with technology that was going to change the world 2 months ago?
15. DC Public Works deal from a month ago?
16. UNC Charlotte?

https://www.reddit.com/r/Muln/comments/13lukcs/court_order_rescinding_expungement_for_hardges/

https://youtu.be/T3vtsNR1z-8

CONS HELPING CONS....MULN-a-SCAM....LMAO.....can't even make this crap up it's so freaking dirty and B A D ....BAD BAD BAD......:))

Just an FYI on @Mullen_USA. In announcing their partnership with Lawrence Hardge, they stated in a PR and SEC filing that "In the late 90s, Lawrence was convicted of a state crime, which was ultimately expunged." Is this true? @hardge_law87778 $MULN #MULN pic.twitter.com/6VdqvCUI0I

— Post Hoc (@PostHoc94107) May 18, 2023

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

$MULN Founder, Chairman and CEO, David Michery led 5 failed penny stock companies prior to Mullen.

Two had their securities registrations revoked by the SEC, two terminated their securities registrations, and the last one merged with a speculative gold mining company. pic.twitter.com/nUcYJJtisR

— Hindenburg Research (@HindenburgRes) April 6, 2022

For its electric SUV, $MULN previously announced it received an order for 10,000 vehicles, representing $500 million in potential revenue. We called the South Florida contractor firm that placed the order. It currently has only around 11 vehicles, none of which are electric. pic.twitter.com/ovfDwCman1

— Hindenburg Research (@HindenburgRes) April 6, 2022

Previously, $MULN had announced purchase orders valued at $60 million for 1,200 Class 2 commercial EV fleet vans. The order came from a small cannabis retailer with only one location, a mailbox drop address & new online store. pic.twitter.com/XIRLAEVwY5

— Hindenburg Research (@HindenburgRes) April 6, 2022

SCAM....SCAM....SCAM......:))