$Mullen Automotive (MULN.US)$ How's this stock so cheap? The...
$Mullen Automotive (MULN.US)$ How's this stock so cheap? They just start out or something??
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FANCY PANTS : They are kings of dilution.
71306807 : 22,500 to 1 in 18 months .
151604459 OP FANCY PANTS : But the market cap is so low, 17mil which is peanuts. 40 mil shares ..... there's only one way this can go really and that is up..... they weren't producing or sellinglike now
FANCY PANTS 151604459 OP : No, it can go down, reverse split and keep going down.
They're in a death spiral of debt and at the mercy of Esousa.
They have a vote to issue an additional 11M shares coming up.
This company only exists to make the Board rich off investor money.