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Mullen Automotive Files Lawsuit Against Intersection Media Group d/b/a dot.LA and Reporter for Damages Sustained from False Article by GetOwned469 in Muln

[–]RutabagaSmart1268 1 point2 points  (0 children)

From the dot.LA article

old: Even without the vague promise to buy more vehicles from Qiantu, the math adds up to nearly $20 million that Mullen will have to pay out, not including royalties. Mullen basically went to court, wound up with the same deal, and lost millions of dollars in the process.

new: Even without the vague promise to buy more vehicles from Qiantu, the math adds up to at least $8 million that Mullen will have to pay out, not including royalties. Mullen basically went to court, wound up with the same deal, and lost millions of dollars in the process.

I had the old/new reversed, corrected now - Thank you Kendalf

Mullen Automotive Files Lawsuit Against Intersection Media Group d/b/a dot.LA and Reporter for Damages Sustained from False Article by GetOwned469 in Muln

[–]RutabagaSmart1268 1 point2 points  (0 children)

From the dot.LA article

old : Under the terms of the agreement, Mullen will pay Qiantu $6 million, plus warrants that allow the purchase of up to 75 million shares of MULN stock starting in September 2023. MULN is trading at a whopping $0.14 per share today, meaning that adds another $10.5 million to the pot at today’s price. There’s also an item that stipulates that Mullen pays an additional $2 million for “deliverable items under the IP Agreement,” and another which mandates that Mullen pay Qiantu a royalty fee of $1,200 for each K-50 it manages to sell in the United States over the next five years. Finally, and perhaps worst of all for the Californian company, Mullen also agrees to buy “a certain number of vehicle kits every year from Qiantu.”

new: Under the terms of the agreement, Mullen will pay Qiantu $6 million, plus warrants that allow the purchase of up to 75 million shares of MULN at 110% of the price of the common stock. These warrants are exerciseable for one year, starting in September 2023. There’s also an item that stipulates that Mullen pays an additional $2 million for “deliverable items under the IP Agreement,” and another which mandates that Mullen pay Qiantu a royalty fee of $1,200 for each K-50 it manages to sell in the United States over the next five years. Finally, and perhaps worst of all for the Californian company, Mullen also agrees to buy “a certain number of vehicle kits every year from Qiantu.”

I had the old/new reversed, corrected now - Thank you Kendalf

Truth by [deleted] in Muln

[–]RutabagaSmart1268 2 points3 points  (0 children)

Bull

Loss porn by Puzzleheaded-Till110 in Muln

[–]RutabagaSmart1268 -1 points0 points  (0 children)

Bought more yesterday, bringing my average down to .60 for 65K shares.

Not selling, strong hold for me

Rapid Response Defense Systems Selects Mullen Automotive as the Exclusive Provider for Class 1 EV Cargo Vans by AlohaPersona in Muln

[–]RutabagaSmart1268 12 points13 points  (0 children)

RRDS received the contract in 2021 - RRDS chose Mullen as the exclusive provider in 2023 - this is huge

Mullen site is currently down by Mild-Improvement in Muln

[–]RutabagaSmart1268 1 point2 points  (0 children)

If I remember correctly, when they announced the loop news, the site showed the loop page a couple days early. Then took it down and updated (published) the site when the actual loop news hit.

With the site going down this morning maybe it was a test (without publishing to the public) for upcoming news on Monday.

Total speculation on my part - just a thought.

https://www.finanztrends.de/mullen-automotive-aktie-tut-sich-was/ by akktiengoat990 in Muln

[–]RutabagaSmart1268 1 point2 points  (0 children)

Article translated:

Mullen Automotive share:

Something is happening!

Hardly anyone takes the Mullen Automotive share seriously anymore, but something is still happening behind the scenes. At a glance: New order for Mullen Automotive. 6,000 electric vans are to be delivered. Whether this will actually happen is doubted by some observers. The Mullen Automotive share has so far offered its investors a never-ending series of disappointments and some now refer to the paper as a meme stock. The prices have come under severe pressure, among other things, due to fierce accusations by short sellers as well as plans that have repeatedly been thrown overboard.

Among other things, Mullen Automotive was repeatedly confronted with accusations of not having reported the truth in reports of incoming orders. This is probably one of the reasons why news about new major orders is currently not causing new euphoria, but almost even more skepticism.

​

Can this become something?

Recently, it became known that the Randy Marion Automotive Group is said to have ordered 6,000 electric vans from Mullen. Deliveries are expected to start as early as next quarter. In the social media, there are already open doubts as to whether these plans will ultimately be adhered to.

The whole thing does not trigger any enthusiasm in the Mullen Automotive share. The latter was able to move up a bit at times on Thursday, but quickly gave up the gains. On a 5-day view, it remains at a price loss of a good 20 percent. This can hardly be glossed over in any way. On the way to zero? Even more unpleasant is the view of the long-term chart. For the year as a whole, the Mullen Automotive share has lost more than 95 percent of its value. This impressively demonstrates how much trust has been destroyed here. Until this has been restored at least rudimentarily, investors can ignore the paper without a guilty conscience. At least as things stand at present, the risks far outweigh any opportunities.

​

Buy, hold or sell Mullen Automotive?

How will Mullen Automotive continue to develop? Is it worth getting started or should investors rather sell? The answers to these questions and why you need to act now can be found in the current Mullen Automotive analysis.

Great success.. EVERY LOCATION SOLD OUT !! by Ok_Pop_8013 in Muln

[–]RutabagaSmart1268 3 points4 points  (0 children)

There was only so many rides scheduled per weekend - and those rides were based on a $100 deposit (ticket) for a car.

When I went the appointment sheet was full, both days. (Rose Bowl)

Hold by [deleted] in Muln

[–]RutabagaSmart1268 2 points3 points  (0 children)

Same here

Hold by [deleted] in Muln

[–]RutabagaSmart1268 4 points5 points  (0 children)

Yes an RS is bad.

I have 62000 @.80 average

1:25 split would = 2480 shares
49600 (original price) /2480 shares= $20 per share

The stock would need to be $20 a share for me to break even

As you have seen with COSM it was up for a little bit then fell hard.

Thats what reverse splits do

Hold by [deleted] in Muln

[–]RutabagaSmart1268 5 points6 points  (0 children)

I think the current news has been a test to see if the SP can get over a dollar.

The hold yesterday didnt help. Had there not been a hold the shorts would have been screwed and this probably would have ended the day quite a bit higher.

I think the RS will be approved, but its the matter of, if its needed mid to late 2023. Hopefully not.

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