SilentWolf
3 시간 전
I'm not disagreeing with you entirely Tenkay, but why would companies move to an exchange, where they would be held to a higher regulatory standard. There seems to be a never ending supply of suckers, willing to throw money at crap like MULN.
It won't change until money gets tighter, and people start using common sense when investing. From what I've seen over the last 38 years of investing/trading, that isn't likely to happen anytime soon.
Bubae
2 일 전
This really is a fun read. It is a year old but it shows you that Michery can keep this going no matter what. "And there’s no rule that prevents Mullen from raising more cash from convertible debtholders. As long as there’s buyer demand for Mullen’s newly issued shares,..." Going forward will be interesting with the new administration and what is a ostensibly rebadged imported Chinese-made electric vehicle. Do we continue to subsidize Chinese manufacturing? Not that it matters when traders of the stock are covering the losses. 😆
The $40 Million EV: How Mullen Lost $1 Billion… And Accidentally Produced the World’s Most Expensive Car
February 06, 2024
https://www.nasdaq.com/articles/the-$40-million-ev:-how-mullen-lost-$1-billion...-and-accidentally-produced-the-worlds
The Most Expensive Car in the World
Together, these financing charges have made Mullen’s 25 Go vehicles some of the most expensive that the world has ever seen. By using these highly dilutive instruments (as well as splashing out on pricey acquisitions), the firm lost $1 billion in a year while only being able to recognize the sale of two dozen vehicles.
Mullen also remains financially viable. On Jan. 24, the firm regained compliance with Nasdaq’s minimum bid requirement after reverse-splitting its shares for the third time in less than a year. And there’s no rule that prevents Mullen from raising more cash from convertible debtholders. As long as there’s buyer demand for Mullen’s newly issued shares, there’s no reason for management to throw in the towel.
Bubae
2 일 전
You all are wasting your time even trying to bash this stock. For whatever reason David Micherey has a natural ability to stand on the proverbial highest mountain top and shout that he WILL steal your money. And people line up after every reverse split to ply their luck. Already we have another SEC notice of effect for another S-1 dated February 7th. Those lenders know that you all WILL hand over you money at a premium. This is excellent theatre and those who complain about your losses went out of your way to earn them so SHUT UP! This is not a secret scam. When trading gamblers quit buying this stinker Mullen would be out of business tout de suite.
The $40 Million EV: How Mullen Lost $1 Billion… And Accidentally Produced the World’s Most Expensive Car
February 06, 2024
https://www.nasdaq.com/articles/the-$40-million-ev:-how-mullen-lost-$1-billion...-and-accidentally-produced-the-worlds
Nevertheless, these small vehicles cost Mullen $1 billion in losses for fiscal 2023. And because the EV startup only invoiced and recognized 25 units as revenue, each urban delivery vehicle technically cost $40 million to make.
So, how did Mullen’s tiny electric car pull this off?
It’s hard to miss. On page F-10 of its annual report, Mullen’s accountants report that their firm generated $366,000 from vehicle sales while incurring $273,882 of direct costs, $215 million of overheads, and roughly another $725 million of financing and other non-operating charges. In total, the firm lost $1,006,658,828 in fiscal 2023.
saturn_five
5 일 전
edit: Still hoping that Bollinger Motors ( B4 Chassis Cab Customizable Commercial E/V Truck, subsidiary of MULN ) can survive and thrive.
Latest December N/R on bollingermotors.com indicates that B4 Chassis Cab Truck now has wider availability all around USA; now more than 50 truck dealer locations, including NYC/Baltimore region.
🚚 🚚 🚚
Bollinger Motors, Established in 2015, HQ : Oak Park Michigan , USA
saturn_five
5 일 전
Just for context, muln's fellow( small) EV maker Canoo (GOEV, now GOEVQ ) completed a
1;20 R/S in December ....
Then , GOEV /Canoo ( known for their " skateboard EV chassis/van" ) went BK;
Chapter 7 Liquidation in January.
iirc, GOEV/GOEVQ PPS went from $ 1.40 down to .14 in a couple of months !
No big surprise that smaller EV makers all over the world. including Asia, get squeezed
by the Big Rule Makers in the sector.⚡️
Dragon Lady
5 일 전
$MULN: REVERSE SPLIT AGAIN FEB 18 LMAO !!!
1 for SIXTY ...aka 1 for 60.....aka SIX SIX SIX it is kids......Ho Lee Schitt.....:))
💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️
I Triiiiiieeeedd to tell the BAGHOLDER RUBES R US STOOOPID CLUB CARD CARRYING MEMBERS and PUMPS....that ALL this was just a insider DIRTY DAVE and AULT/ESOUSA pre REVERSE SPLIT latest MINI PUMP THE CRIME DOG SHIT SHARES....as they unloaded their front-loads AND set their own short positions which will be covered using FREE KICKER WARRANTS.....
https://www.globenewswire.com/news-release/2025/02/13/3026088/0/en/Mullen-Automotive-Inc-Announces-Reverse-Stock-Split-Effective-Feb-18-2025.html
Mullen Automotive Inc. Announces Reverse Stock Split Effective Feb. 18, 2025
February 13, 2025 11:30 ET
BREA, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-60 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Feb. 18, 2025, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on Feb. 18, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P604.
The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.
REVERSE SPLIT NUMERO SIX SIX SIX in just BARELY over 1 short YEAR YEAR YEAR.....this scam is a literal DIRTY DAVID MICHERY CRIME SCENE WTF.......
De-list to OTC.....BK filing...or civil/criminal INDICTMENT OF THE CEO DAVID MICHERY....which comes first is... ALL... that is left here.....
POLICE TAPE IT OFF....shut it down completely....call in the investigators....make the criminal arrests and toss um in the joint....done......!!!
PRIOR SPLITS total ratio:
2,250,000
NOW:
60 X 2,250,000 = 135,000,000 COMBINED SPLIT RATIO LMAO WTF !!!!
10,000 shares of this criminal fraud bought approx 1.5 years ago.....NOW....is ONE SHITTY SHARE LEFT IN THE BAGHOLDER ACCOUNT......
$10K of this criminal fraud is now worth literally...... ONE CENT......Bwaaaa ha ha ha .....!!!
LITERAL 99.9999999% TOTAL LOSSES to the common shares as MICHERY IS ONE OF THE HIGHEST PAID CEO's on the ENTIRE SCAM NASDAQ markets.....let that sink in folks.....WTF again....over......
https://hindenburgresearch.com/mullen/
Mullen Automotive: Yet Another Fast Talking EV Hustle...
+++++++++++++
++++++++++++++
Hot Features
프리미엄
실시간 차트, 분석 도구 및 가격을 받으려면 등록하세요.
BottomBounce
7 분 전
TenKay
11 분 전
double_m
17 분 전
I-Glow
36 분 전
Wayne R
37 분 전
Monksdream
1 시간 전
Gitzstv
20 시간 전
pinkslipjunkie
4 일 전
janice shell
4 일 전
stockstobuy
4 일 전
B RY
5 일 전
lifeonthefarm
5 일 전
