Replies to post #44864 on Mullen Automotive Inc (MULN)

[m$teamworkotc]

ill take 1.20 and im out or broke

[ChartMan2DRSQ]

Or it could mean he needs money to hire people and get the equipment he needs to start production.. I am sure he cannot sit around and wait for price to go up to get some money for the business

[Dragon Lady]

MULN-a-CON: 2.49 BILLION DUMP + REVERSE SPLIT !

If David is selling millions of shares at $0.33 that tells you he doesn't have much confidence therefore I'm out

Ooooh - it's gonna get a LOT WORSE FROM HERE boys n girls LMAO !!

DIRTY DAVE "gifts" to himself literally 100's of MILLIONS OF FREE TRASH SHARES and never ever ever has STOPPED DUMPING since this SPAC-SCAM was started -

THE CEO CLOWN aka DIRTY DAVE aka THE FAT MAN aka MAN BOOBS DAVEY - he's dumped at $12 and at $10 and at $8 and at $6 and $3 and then $1 and then pennies allllll the waaaay dowwwwwn to literally 18 cents per share - you know, cause this is the next TESLA blah blah WTF ????

DIRTY DAVE just a week ago Feb 2023 DUMPED ANOTHER 14 MILLION SHARES AT 30 lousy cents and then re-gifts himself MORE to keep his DUMPER KITTY FULL - he's a con and is going to be indicted for this fraud sooner than later :)))

https://investorplace.com/2023/02/muln-stock-mullen-wants-to-resell-up-to-2-49-billion-shares/

MULN Stock: Mullen Wants to Resell Up to 2.49 BILLION Shares
There were 1.36 billion shares of MULN stock outstanding as of Dec. 31

By Eddie Pan, InvestorPlace Assistant News Writer Feb 15, 2023, 1:12 pm EST

Mullen Automotive (MULN) will resell up to 2.49 billion shares from existing shareholders like Esousa Holdings and Acuitas Capital.

The company also announced a securities offering, although it did not immediately provide details.

Mullen Automotive (NASDAQ:MULN) stock is in the red today following the announcement of a securities offering and the resale of up to 2.49 billion shares. The amount and type of securities to be offered will be disclosed through “one or more prospectus supplements” at a later time.

Mullen has authorization to issue up to 5 billion shares of common stock and 500 million shares of preferred stock. As of Feb. 8, the company had issued 1.74 billion shares of common stock and 1.57 million shares of Series A, C and D preferred stock.

Back in October, the electric vehicle (EV) company announced that it would resell up to 900 million shares. The offering consisted of common stock and common stock issuable upon the conversion of Series D preferred stock and warrants.

MULN Stock: Mullen Discloses Resale of Up to 2.49 Billion Shares
Several notable shareholders will be participating in the current resale, such as Bollinger CEO Robert Bollinger, Esousa Holdings and Acuitas Capital. Bollinger is eligible to resell up to 51.06 million shares, which represents the entirety of his stake. Meanwhile, Esousa is eligible to resell 901.02 million shares, while Acuitas can resell 883.35 million shares. In addition, both Esousa and Acuitas’ stake mainly consists of convertible securities. Mullen noted in a filing that the two entities owned zero shares of MULN common stock prior to the offering.

Mullen has stated that it will not receive proceeds from the sale of common stock by selling stockholders. These stockholders may sell their shares at their discretion.

Esousa and Acuitas converting their securities into common stock will be highly dilutive for MULN stock, resulting in more shares flooding the market. Mullen noted in the filing:

“The additional shares of our authorized stock available for issuance may be issued at times and under circumstances so as to have a dilutive effect on earnings per share and on the equity ownership of the holders of our Common Stock.”

As of Dec. 31, 2021, there were 17.47 million weighted average shares outstanding. That figure jumped to 1.36 billion as of Dec. 31, 2022. Within that time period, shares of MULN fell lower by more than 90%.
"

THEE END KIDS - it's ALL a share dilution mill SCAM n CON and in a DEATH SPIRAL TO HELL ITSELF NOW - sell or lose it all IMO :)

ZERO is the bottom on these kinds of frauds - literally BK and/or INDICTED are the only two real options and "business plan" for a SPAC-SCAM as dirty as this crime scene....

DIRTY DAVE - this SCAM is living off of CONVERTIBLE DEBENTURES aka DEATH SPIRAL GUTTER FINANCING all all all all as THE FAT MAN SELL n DUMPS never ending =

IT's a SCAM kids - and a bad on at that :))

This DOES NOT END WELL for bagholders and penny marks and dupes who get their info from Twatter and Twit-Twat paid pump crews who DIRTY DAVE pay to "work" this scam literally 24/7 and 365 days a yr - spinning a new tall tale and scam daily LMAO !!

RECENT - was the "VAN SCAM PHOTO" circulated of supposed "MULN-a-CON VANS ALL LINED UP READY FOR DELIVERY".....FANTASY LIE ...and the big con-job...."BUILT IN TUNICIA READY TO DELIVER" with a tightly cropped scam pic -

IT...it....it was the OLD BK ELMS SCAM and the "vans" now WORTHLESS (can NOT be sold as "new" after sitting for years in the weather etc) were tightly cropped to show NO MARKINGS and NO LOGOS etc -

ALL all just more of the same... pure GUTTER PUMP TWATTER FRAUD...by a paid "crew" ....OTC style crap n scamming.....setting the PUMP for DIRTY DAVE to DUMP THE TRASH....wash...rinse....repeat.....