Replies to post #64747 on Mullen Automotive Inc (MULN)

[B RY]

"Convertible Debt to Equity Conversion (Exchange Agreements), continued"

When reading MULN's 10k annual report, these are the key words that will show what my recent posts speak of. "Shorties" are often spoke about on this board, but debt conversions(heavy selling) are the true main cause of MULN's slide downhill in my opinion. This year we are seeing last years notes being converted, therefore next year we will see this years note conversions. Btw, that's david's private business info until the 2023 10k is posted. 10k's(annuals for newbie terminology) are audited while 10q's(quarterlys) are not. So don't expect full disclosures to be in the 10q's. That is why annual reports are much longer than quarterly reports. That's just the way it is.

[I-Glow]

In the 2022 fiscal year, the American electric vehicle manufacturer Rivian invested just over 1.94 billion U.S. dollars in research and development.

In 2022, VW spent about $21.4 billion on plants and equipment and 20.3 billion on research and development.

In 2022 Tesla spent $3.075B on Research and Development.

Ford's research and development (R&D) expenditures came to about 7.8 billion U.S. dollars in 2022.

Mullen doesn't have enough capital to upgrade the Tunica facility.

In 2021 Mullen spent a paltry $21,650,840 on Research and Development.

This is embarrassing for those that believe that Mullen is a real EV company.

IG