Really?
I thought your theory was " he's not going to utilize 1.75 billion shares all at once. Shares are probably going to be released in increments as needed"
And yes... that was quite obvious even at the time of the very first mention of an authorized share count increase.
But all this "vote NO vote NO vote NO" rhetoric.
'Retail owns the float...we own the vote"
etc etc
Bottom line is this...and it has ALWAYS been this since inception.
David NEEDED to INCREASE the AS so that he could receive his 1- 5% Milestone payments based upon the number of shares in the OS. In order to get "paid in common stock", the vote had to pass.
As far as what David decides to do with the stock, that's going to be entirely up to him. There's not going to need to be any more shareholder votes on exactly how that stock is utilized.
Salaries, milestone bonus payments for himself and other executives , shares issued at supreme discounts in exchange for infusions of capital at shareholders' expense, infrastructure funding, marketing the Mullin 5 which will not be put into production for another 3 solid years, solid state batteries that will not be involved in the Mullen 5 but rather the second generation of the Mullen 5 which will probably arrive 7-8 years from now. The list goes on and on.
Too much emphasis is being placed on the Mullen Five when all it is right now are two individual prototype vehicles that no one has ever seen "move" on its own power. Nothing but photographs of the same tired ass two vehicles with photoshopped backgrounds. Hardly any photographs of the Interior to any degree of clarity, no undercarriage photographs or suspension photographs or anything really outside of the outer shell and dashboard. A great deal of conceptual talk but no real hard product with any viability right now. If something happened to those two prototype vehicles, this company would be in deep shit. They aren't even licensed to be driven so they're going to have to be towed to all of these different cities and the test drives are going to be held in parking lots, wide open spaces on private property, test tracks and things of that nature.
At this point in time, the f500 company seems moot/baked in. Whether it's going to be a company like Lumen or some other telecom co in the SE...doesn't seem to matter much these days. They have one working EV that still has to go through the rigors of Street testing and that's probably going to take months. If and when they decide to place an order, it's my opinion that David is simply going to be ordering vehicles from China like he already has, retrofitting them and acting as a middle man versus the actual manufacturer of said vehicles.
The hype was fun while it lasted but I think serious shareholders are realizing what it is they in fact own. Shareholders are realizing that retail no longer owns the float and that they are now 100% at the mercy of a blowhard narcissist that's in full control of how much dilution he wishes to inflict upon his own shareholders.
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