No revenue because they aren’t selling any vehicles. No goods, no parts, etc… The company is currently just burning through cash in its development and research.
Their Mullen FIVE is not expected to launch their first vehicle and deliver it until Q2 2024. Nearly 1.5 years from now and their cargo vans along the same timeframe of 18months or so.
While I am bullish on EVs in the long term, this is a company that has yet to produce a single vehicle.
We all know the tough conditions and problems that arise with newly developed EVs.
So we know that dilution of sorts is probably coming down the pipeline within the next 6 months.
It seems to be running on pure sentiment so perhaps much like PM runners, this is something to just keep apprised on and watch for volume and play SnR? (support and resistances)
How do you guys read the volume as of today being 86% off exange? I wanted to know if it redeuces the current volume on the price action or if it has nothing to do about it
One thing to add here is I can’t count how many times MULN has showed up on pre market scanners and we scalp shares due to it being pumped. I have not really read this thread in a while but it will never be more than that to me.
I know its a small thing but this community is really great. The quick knowledge I got about how to place limit buy on calls made me be over 100% gain on a tiny price fluctuation. If it wasnt for this, I never could have got these 20 contracts at 0.05$
Fascinating. I don’t see why AAPL would possibly partner with MULN - a company which is nothing real on the ground or remarkable in the pipeline, and they could just fork out the 340M to buy the company.
When is the event tomorrow? Might still be time to get some puts though IV is a bit nuts atm, ofc.
Bollinger B4 Class 4 Commercial EV Truck Bollinger B1 Class 3 Sport Utility EV SUV Bollinger B2 Class 3 Sport Utility EV Truck With Nearly 50,000 Reservations …
