A Recent Look at Mullen
I've spent the evening reviewing the recent Prospectus, filed October 27, 2023.
The first issue to address is the increase in total outstanding shares.
The outstanding shares have more than tripled in only two months.
Mullen receives no proceeds from this recent dilution of 103M shares and is at the mercy of the warrant holders.
83% of the newly issued shares are available for warrant holders to exercise at any time.
Legally covering themselves and warning investors who read the filings that the stock is at risk for "substantial diminution".
Shareholders are unable to vote on if any members of the Board of Directors retain their seat.
Mullen is authorized to issue an additional 5 Billion shares, if need be.
Please be educated on your investment.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
My purpose is to spread the truth of Mullen. I provide facts and sources. Blockers are can't handle the truth.
6Followers
0Following
75Visitors
Follow
Mullen Fact Checker OP : One last image I forgot to provide.
66510235 : What does this mean? Do you want to sell it?
Mullen Fact Checker OP 66510235 : I have tried to explain the details as simply as possible, but perhaps this analogy will help:
Imagine you spent the afternoon making a 1 liter pot of soup. Someone comes along and dumps 2 liters of water into it, diluting all your hard work and flavor. Then after dumping water in it, making a total of 3 liters, that person then steals 2 liters of the soup. Now you're left with a bland, boring soup that once tasted good.
Would you still like the person who dumped water into it?
SpyderCall : Very good post!
Spread the good word. There are so many scams/quasi ponzi schemes in the stock market.