Replies to post #47630 on Mullen Automotive Inc (MULN)

[Huggy Bear]

Patients, as they say in the penny stock sewer.

[SirCharge]

I suspect MULN is just going to see what the reaction is to their moves in the next few months. They should have enough cash to see them through the year with the current dilution and deals (they received $260m just from their offering with Acuitas plus they likely will receive a similar amount from Esouza and more from the other participants and they will receive $200m from the RM dealership deal). Hopefully they can get the Mishawaka plant running within the next several months. If they can do that they might not need an RS at all depending on how the market reacts. If they're treated like other EV manufacturers they could end up with a $10b market cap soon, but the market is fickle so I'm not going to claim a RS won't be necessary at some point.