$Mullen Automotive (MULN.US)$ historical high is 27,000,000....
$Mullen Automotive (MULN.US)$ historical high is 27,000,000. 👀👀
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♤方展博♤ : 27 million a share...
FANCY PANTS : This is a common misconception. That price is from Net Element, which Mullen aquired. Mullen took over in October 2021. That price is still high as well, but it's really more of a testament to how much dilution this stock has gone through.
TheApeInvestor OP FANCY PANTS : Yeah that’s wild. Either way I know they diluted a lot. Hopefully they are done soon.
FANCY PANTS TheApeInvestor OP : Unfortunately I think it is likely to continue. Even accounting for the pending revenue from sales, it just isn't enough to keep up with their cash burn and interest payments.
Piggy Bank Trader : Something like a 6400 per share losss