so screwed
$Mullen Automotive (MULN.US)$ I've been into this for a year plus. I have averaged down so much and still would need a 27x to break even.
at this point I'm assuming they want this to be delisted so they can just own private and screw all stock holders.
Samsung has been using there solid state battery in a Toyota for months now. says it gets 600+ miles.
Mullens gets 200 and the stock sucks. just don't understand how they have like a billion in assets but company is only worth like 20 million. definitely doesn't add up.
maybe snoop dogg will buy Mullen to rescue like he did death row.
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Mr Krabs : I’m not an expert my personal opinion is this getting interesting. I like the gap down, followed by a newly forming consolidation period. Not an expert, but in my opinion this “could” be entering into a reversal period.
I really hope I’m not crossing in lines by stating my personal opinion. I just hope it might offer a different perspective but do your own research. This is just my crappy opinion.
*****just my crappy opinion******
FANCY PANTS : The company was a scam from the start. Their dilution is insanity and their toxic financial pinned them in a corner.
I've been warning people here for over a year that they were going bankrupt.
Check out the MULN subreddit to read up on the rampant corruption.