Replies to post #19149 on Mullen Automotive Inc (MULN)

[Smilin_B]

I'm not certain why the whole number $2 is some type of a price target for everyone. I guess everyone always round up to the nearest whole number. If the Fortune 500 company is announced and it is a company that we all know or at least we could perform due diligence on and ascertain what it is they do and if their contract with Mullen is going to be an ongoing one, then other companies will begin to court Mullen Automotive for similar business either in the battery sector or electric vehicles. It all depends on where the share price is when the Fortune 500 news is announced. Obviously short sellers are hoping the stock falls back beneath $1.24 support and Trends back down to approximately $1.12. But that's just technicals. I'm hard-pressed to see this company trade over $2 a share unless David comes out with solid information that is confirmed by The Fortune 500 company as well as the CEOs of these OEM he discussed in the benzinga interview an hour ago