Replies to post #22757 on Mullen Automotive Inc (MULN)

[Smilin_B]

I don't want shareholders to do anything but read the corporate filings regarding the vote, regarding David's rediculously exorbitant milestone payments based upon 1% - 5% of the entire outstanding share count and other issues.

Come on now...

As the outstanding share count increases, so does the amount of shares he is issued. His percentage remains static.

I've already laid it all out there but am only posting here to this tiny insignificant group in comparison to those forums with countless thousands of shareholders.

I'm just sort of sick and tired of reading about "im holding this long term".

Ummm....

Long term is worse due to the BILLIONS of shares of dilution that are going to hit the outstanding share count, much of which will be issued at a discount to wherever the common stock is trading at the time.

Mullen Automotive is only good for intraday scalps and short term swing trading.

And that's really not my opinion. It's been a fact since inception.

Voting YES = death to MULN's present shareholder base

Voting NO = more toxic dilution because Michery will be pissed and turn to issuing CD notes, a PIPE and/or a RS to raise the price per share and lower the OS so he can dilute from the static AS count

I don't really have much of a suggestion other than to show David that shareholders don't like any of the proposals and it's just my opinion that they should step outside of the trade/investment for the time being and let the stock simply trade down to oversold levels and then regather, regroup their thoughts at that time.

This CEO has basically turned out to be a scumbag. Just read the filings. They are completely obnoxious

[Smilin_B]

Also...keep in mind that if 90% of the float is held by mindless retail that do not understand how to read the filings that I posted last night, then they deserve to lose their money.

Does this mean the stock will not have another run up until the vote? Absolutely not. I am a Trader and I live for the days where there is a sharp reversal of fortune, in the face of factual dilution that's coming. You just have to trade the bounces and make sure that you're not holding this long term because holding this long-term, in my opinion based upon the dilutive actions that this CEO is taking, you will lose basically all of your money here

[Smilin_B]

I don't want shareholders to do anything but read the corporate filings regarding the vote, regarding David's rediculously exorbitant milestone payments based upon 1% - 5% of the entire outstanding share count and other issues.

Come on now...

As the outstanding share count increases, so does the amount of shares he is issued. His percentage remains static.


BILLIONS of shares of dilution are going to hit the outstanding share count, much of which will be issued at a discount to wherever the common stock is trading at the time.

Mullen Automotive is only good for intraday scalps and short term swing trading.

And that's really not my opinion. It's been a fact since inception.

Voting YES = death to MULN's present shareholder base

Voting NO = more toxic dilution because Michery will be pissed and turn to issuing CD notes, a PIPE and/or a RS to raise the price per share and lower the OS so he can dilute from the static AS count

I don't really have much of a suggestion other than to show David that shareholders don't like any of the proposals and it's just my opinion that they should step outside of the trade/investment for the time being and let the stock simply trade down to oversold levels and then regather, regroup their thoughts at that time.

This CEO has basically turned out to be a scumbag. Just read the filings. They are completely obnoxious.

$1.10 x $1.11

The Street has spoken