MULN is experiencing some upward mouvement regarding news that was drop yesterday.
Retail seems to be hyped about the news and the current market condition help IMO in that upward mouvement. However, dillution loom and will be inevitable. I have no position currently because of that reason. Considering that the vote for it passed, a lot of retail could regret taking a position at this time.
I’m still going to observe the situation. Furthermore, @The_Ni you might appreciate the fact that the CTB is acting up again and going upward for no apparent reason. Odd stuff.
Never one to lose an opportunity to dunk on folks who rely on hope as a trading strategy, penned the following after Muln filed for a 2.1B issuance today on top of the existing 3.8B outstanding:
In case anyone is still shorting this dumpster fire.
Bullish.
To the extent that one is willing to suspend one’s belief in the laws of physics on the word of a hobbyist inventor who claims to be able to create energy from nothing (“self-rejuvination”), yes, this could be considered bullish.
For a more nuanced view, do check out this post:
https://www.reddit.com/r/Muln/comments/12s53wg/looking_into_the_black_box_technology/
Oh no bro I was being facetious. I agree that the company is a piece of shit.
when it comes to MULN… stay ‘fecesious’…
https://twitter.com/Mullen_USA/status/1650480095553781760?s=19
Good God…OTC stocks announces bigger deals
Ay man what I do ???
you keep saying you have an announcement and then blue balling us.
Aight im sry
Damn cciv hates my guts she wants me banned huh
More details have been dropped today regarding the nature of that contract. Nothing really impressive when you look up MULN debpt
The stock had a big upward mouvement PM but everything shatered intra day when participant realise the nature of the deal.
F*ckers didn’t even give retail a full trading day to adjust for the RS. Wrote this up for the option holders who will be very unhappy tomorrow when they find they are in possession of non-standard gunk they will likely never be able to liquidate.
https://www.sec.gov/Archives/edgar/data/1499961/000155837023009893/muln-20230515xex99d1.htm
Mullen 10Q
I was just breaking balls squishy baby girl unmute me ploks
Oufff MULN getting fried