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MULN. Anyone have any good insight

Posted on 10/27/22 at 6:12 am
Posted by SuperD AP
Member since Feb 2008
1296 posts
Posted on 10/27/22 at 6:12 am
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.
Posted by LSURoss
Dragon Believer
Member since Dec 2007
16165 posts
Posted on 10/27/22 at 7:10 am to
Looks to me like the bottom feeders have already loaded up on shares. They will unload and bag even more people.

Eta: I have no position,juwt looking at the charts.
This post was edited on 10/27/22 at 7:11 am
Posted by el Gaucho
He/They
Member since Dec 2010
56970 posts
Posted on 10/27/22 at 7:24 am to
I got some shares

It’s been going down for months
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47375 posts
Posted on 10/27/22 at 8:48 am to
Another one of those meme stocks getting rich on the retail investor.

Company is vaporware, would not touch it
Posted by SuperD AP
Member since Feb 2008
1296 posts
Posted on 10/27/22 at 11:23 am to
Thanks for the replies. It seems like another pump and dump or what not. I had a real red flag moment today when the same guy said it will surpass tesla
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47375 posts
Posted on 10/27/22 at 11:33 am to
quote:

It seems like another pump and dump or what not. I had a real red flag moment today when the same guy said it will surpass tesla


He is only down 93% YoY, guessing those bags are getting heavy. He wants you to help carry them
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 10/27/22 at 5:09 pm to
I used to browse the Yahoo stock boards and always got a kick out of the pump & dumpers on there. And a few weeks (or days) after they got some bites, you’d never see them again. Then the crying would begin from the bag holders when the bottom fell out.
Posted by glb
Atlanta
Member since Sep 2008
1602 posts
Posted on 10/28/22 at 7:30 am to
quote:

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.


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/
This post was edited on 10/28/22 at 7:34 am
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
8272 posts
Posted on 11/18/22 at 10:45 am to
Down 50% since Oct 27th
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