Doing research helps, lol. Let me help you with that. Type into any search engine "muln finviz". You will see that the outstanding shares and the float are getting close to even(8 million difference). On sept 9th they were 98 million difference. A couple months ago they were about 250 million difference. That tells me David has not yet issued more shares as assets to a private equity company which must come from the authorized shares to be issued as restricted shares. That's how toxic financing works. It is my opinion that David Michery(not misery) is anticipating becoming nasdaq compliant which is a simple process once whoever is selling the unrestricted shares from the last asset backed loan contract runs out. Before this week the price was continually going down. It seems to have been leveling off since it hit a 52 week low of .319(call it .32). A good habit that I have will help you in future decisions. Look at your the stock on finviz when your first interested. Screenshot it and save it. Check finviz regularly. Whenever you see a difference in the share structure or RSI or anything relevant to your decision making screenshot it. That way you can compare multiple screenshots and be aware of the changes over time. When I saw those changes with MULN's share structure over time, I liked what I saw. David now has a business partner in Robert Bollinger and has good reason to build MULN to a successful company. Time will tell as it always does, but I like what I see and I like eating popcorn while watching.
Btw, I don't need MULN to do anything in regards to buying the Bollinger and Mullen Five RS. I am already prepared for both purchases. I simply don't see buying another new gas vehicle as a good decision. Cost reviews on youtube prove the consumption of gas vs electric cost is comparable. Some differences I like is more electrical power available for other uses unless you run a gas engine the whole time you are using it. I had a generator on a camper unit years ago and it was noisy and gets pretty hot. Those factors aren't there with an EV. You can run an A/C and sleep in quiet when it's hot out while you're camping or vacation traveling. There's more storage available since under the front hood is an additional trunk. About 15-20 years ago I got a head start on researching electric powered capabilities. I was impressed with electric powered motorcycles. They broke gas motorcycles records back then. It was a no brainer electric cars would come around sooner or later. Here are some cool examples.
April 2022- "Mullen's own management recognizes that it is extremely difficult to estimate future dates and deadlines on its progress. Time could become a major enemy of Mullen Automotive.
However, for long-term investors, buying into Mullen at current levels while it's still under Wall Street's radar may end up paying off big-time. Still at a very early stage, the company seems to be heading in the right direction and has the cutting-edge technology to fully capitalize on the future opportunities of the EV market."https://www.thestreet.com/memestocks/reddit-trends/mullen-stock-the-best-ev-pick-at-the-moment
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