Replies to post #50502 on Mullen Automotive Inc (MULN)

[GratziPrego]

Expecting a Short Squeeze Soon? How High Should We Expect MULN Stock Price to Fly Up?

[jokinjoe]

Earlier this month, Mullen Automotive (NASDAQ:MULN) announced that it had formed Mullen Advanced Energy Operations (MAEO), a joint venture (JV) in collaboration with Global EV Technology and EV Technologies (collectively known as EVT). Under the terms of the letter of agreement for the joint venture, EVT will provide MAEO with a license for its technology, including its energy management module (EMM). MAEO will also receive all of the rights for EVT’s contracts and purchase orders. However, there is an exception: “EVT may grant a limited exclusive license to the Technology to a third party specifically for the United Arab Emirates.”

Mullen owns a 51% stake in MAEO while EVT owns the remaining 49%. The licensed technology won’t come free, as Mullen has agreed to pay Global EV founder and Chief Scientific Officer Lawrence Hardge $50,000. Upon the execution of not yet disclosed definitive agreements, Mullen will also pay Hardge an additional $5 million. On top of that, Mullen will invest $5 million into MAEO for business operations.

MULN Stock: The Details on MAEO’s EMM Technology

So, what exactly is the technology that Mullen has received the license for? The EMM technology, called Ever-Charge, can increase “typical EVB runtimes by up to 300+ percent and extends the mileage and range capacity of almost any EVB by hundreds of miles.” Previous testing of Ever-Charge by Element Materials Technology showed that it increased the range of a “high-volume OEM electric vehicle” to 431 miles from 269 miles. That reflects an efficiency increase of 60%. Mullen later revealed the tested electric vehicle (EV) to be a 2020 Chevy Bolt. The company disclosed that a U.S. provisional patent application for Ever-Charge has already been filed.

The phone-sized Ever-Charge can be outfitted to any EV battery, regardless of the manufacturer. With the “right conditions,” Global EV notes that it can increase the range of top EVs by 500 to 700 miles. Furthermore, an EV equipped with Ever-Charge can reach full charge at public charging stations within 15 to 20 minutes.

Global EV explained the following:

“Global EV Technology’s electrical energy management module is the only regenerative energy source that can recharge EVBs even while sitting cold and unplugged from chargers. The Ever-Charge™ Technology can continually power up itself once attached to any battery.”

https://investorplace.com/2023/04/muln-stock-alert-emm-tech-could-add-hundreds-of-miles-to-battery-range/

https://twitter.com/ProfitMakerJoe1/status/1651698163588161540

[m$teamworkotc]

Saudi Arabia wants Mullen help with their EV startups and they have plenty of money. Mullen has newest innovative technology, EV production facilities and needs more money to continue. Based on the deal Mullen made with Hardge AND the fact that they are hiring new production engineers, it seems that more than enough money will be coming soon to put all their projects into production. That list is the pieces they need to put into place to deliver.

Mullen Automotive, Inc.

Mullen has $87,400,009 of cash and cash equivalents, including restricted cash, and Mullen expects to receive an additional $110 million from firm commitments by June 1, 2023.

The Company believes the combination of cash on hand and expected firm cash commitments provides it with enough capital to execute on its business plan over the next 12 months.

“I believe we have all the pieces in place between our product, factories, and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this year,” said David Michery, CEO and chairman of Mullen Automotive. “Furthermore, we continue to invest and move at a fast clip with the Mullen FIVE program, which will soon be approaching vehicle engineering freeze, allowing us to move into the next phase of the crossover program.”

Customer Orders
On Dec. 14, 2022, Mullen announced a purchase order from Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group, for 6,000 Class 1 EV Cargo Vans. This transaction is valued at approximately $200 million.

1. Mullen 5 starts production this yr
2. Bought ELMS and ALL property
3. Bought majority of Bollinger
4. Mullen loop charging
5. Menzies LAX fleet
6. University deliveries
7. Randy Marion deliveries
8. Multiple production plants
9. Bought EMM black box tech
10. Government contract for EMM
11. Have our own battery plant
12. Low debt
13. ATVM loan (pending)
14. 100% American made EV
15. Buyers qualify for rebate
16. Saudi Arabia deal 10b (pending)
17. EMM prod. plant Saudi (pending)
18. EMM prod. plant US (pending)
19. mGO in Europe
20. Commercial vans Europe
21. RRDS pilot contract (pending)

https://twitter.com/ProfitMakerJoe1/status/1651685408088944645

[m$teamworkotc]

Saudi Arabia wants Mullen help with their EV startups and they have plenty of money. Mullen has newest innovative technology, EV production facilities and needs more money to continue. Based on the deal Mullen made with Hardge AND the fact that they are hiring new production engineers, it seems that more than enough money will be coming soon to put all their projects into production. That list is the pieces they need to put into place to deliver.

Mullen Automotive, Inc.

Mullen has $87,400,009 of cash and cash equivalents, including restricted cash, and Mullen expects to receive an additional $110 million from firm commitments by June 1, 2023.

The Company believes the combination of cash on hand and expected firm cash commitments provides it with enough capital to execute on its business plan over the next 12 months.

“I believe we have all the pieces in place between our product, factories, and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this year,” said David Michery, CEO and chairman of Mullen Automotive. “Furthermore, we continue to invest and move at a fast clip with the Mullen FIVE program, which will soon be approaching vehicle engineering freeze, allowing us to move into the next phase of the crossover program.”

Customer Orders
On Dec. 14, 2022, Mullen announced a purchase order from Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group, for 6,000 Class 1 EV Cargo Vans. This transaction is valued at approximately $200 million.

1. Mullen 5 starts production this yr
2. Bought ELMS and ALL property
3. Bought majority of Bollinger
4. Mullen loop charging
5. Menzies LAX fleet
6. University deliveries
7. Randy Marion deliveries
8. Multiple production plants
9. Bought EMM black box tech
10. Government contract for EMM
11. Have our own battery plant
12. Low debt
13. ATVM loan (pending)
14. 100% American made EV
15. Buyers qualify for rebate
16. Saudi Arabia deal 10b (pending)
17. EMM prod. plant Saudi (pending)
18. EMM prod. plant US (pending)
19. mGO in Europe
20. Commercial vans Europe
21. RRDS pilot contract (pending)

https://twitter.com/ProfitMakerJoe1/status/1651685408088944645