Replies to post #53924 on Mullen Automotive Inc (MULN)

[maximumgriff]

Well, all ya gotta do is look into his past history. Guy did nothing but scam people on the OTC market. Google his name, that’s all ya gotta do!! He’s a crook and scammer

[Dr PennyStock]

This is a startup. They all have lots of dilution, and big price variations. Just to give you an example, Amazon made a minimum of .2125 in 1998, the first year as a public company.

Next year, in 1999 it made a high of 5.32. But in 2001, made a minimum of .2978, losing 94% in two years. And then up up for a maximum of $166 in 2021. MULN lost 97% from $42 to $1.04, so a difference of only 3% to Amazon back in 2001.

FB/META lost about 75%, from 382 to 88. And other big blue chips too, at some point in time.

The trick is to trade them in the first years until they stabilize the PPS and the financial situation, and only then invest.

Even Tesla was near BK a few years ago. That big contract from NASA saved it. Elon recognized it in an interview, almost crying when he talked about that.