What is the future of Malun?
1) The stock price has been continuously declining, with a decline of more than 99.9% since its listing in 2021. (In the first few days after the merger, the stock price rose sharply, but has been declining ever since. In summary, despite several large-scale reverse stock splits, Marun's original price after the SPAC has dropped by more than 99.9%.)
2) The quarterly revenue as of September 30th is $0.366 million, with a total annual loss of $1 billion.
3) A $50,000,000 loan due in March 2024.
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