re: MULN. Anyone have any good insight

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Another EV company. Someone was talking about it and they seemed very high on it. I looked around on the internet briefly, looks like they doing a tour in the US. Shares are between 0.50-0.60 at the moment.

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They have been doing a stock dilution tour all year. On the surface, they do seem to be applying that capital in a manner that could lead to something in the long run but likely a longshot. I believe the float is pushing 1 billion at this point. I'm not great at understanding all the different forms of dilution, but I think they just approved another 900 million shares to enter the float. Mostly from previous investors that have likely been selling into this pump.

https://investorplace.com/2022/10/mullen-is-getting-ready-to-resell-900-million-shares-of-muln-stock/