Replies to post #70493 on Mullen Automotive Inc (MULN)

[TenKay]

Mullen has $40 million left in the bank. Michery is burning through $20 million a month.

None of the vehicles are actually selling.

He said he was doing a financing in Feb….it is now March 1 and nothing.

He needs to raise 3-4x the market cap of the company in order to keep going through the end of the year.

His only option is dilution…and that amount will kill the stock price yet again.

The numbers are what they are.

You can’t argue against them.

[B RY]

(Updated)Absolutely correct! I've been telling people for awhile now that david is walking the line with MULN and done nothing illegal imo. Some penny stocks have been riding toxic loans to the bank for well over 10 years with a downward spiraling stock price and still going. So MULN is in good company...lol! MULN may make the penny stock investors hall of shame someday. I'm still hoping MULN and Bollinger puts out the quality EV's on the drawing board. I'd like to buy them someday. I like their designs. As far as MULN stock as an investment that may prove to be good decision...this pic from the movie "Dumb and Dumber" says it all! Get serious!!!

[I-Glow]

What exactly do you mean?

"Mullen Wil be fine
Too much on the table to lose .
Wil not go belly up this year"

What is on the table to lose? False and misleading press releases? RMA hasn't sold any of the invoiced Vans and Trucks.

IndieEV, Lordstown Motors, and WM all declared bankruptcy in 2023.

There certainly isn't anything special about Mullen except that is a complete scam.

Read the Hindenburg Report on Mullen.

I have found 10 companies where Michery was the CEO and all have failed. Mullen has failed at a much larger scale.

IG