Mullen Automotive Inc (MULN) News

You would think that there would be a note in Q2 explaining the more than $1.2 million in shares to the Chief Accounting Officer Chester Bragado. A search of the Q2 filing PDF for the persons position or name returns nothing. I do see a line item on page 6, "Share-based compensation" for $68,391,614 for the three months ended June 30th. This for a company that receives heavy subsidies from the tax payers? It is a good thing we passed the so called "Inflation Reduction Act" or these poor deprived EV companies would really be struggling. 🙄 These insiders do very well fleecing tax payers AND those who buy a stock that is constantly splitting. Is it any wonder why the U.S. runs a nearly two trillion dollar annual deficit?

For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000143774924026065/muln20240630c_10q.htm


California Issues HVIP Approval, Granting Bollinger Motors, Class 4 EV Truck a $60,000 Cash Voucher Per Vehicle Sold
PR Newswire Mon, November 18, 2024
https://finance.yahoo.com/news/california-issues-hvip-approval-granting-143000965.html

Under HVIP, the Bollinger B4 electric truck, with a suggested MSRP of $158,758, now qualifies for a rebate of up to $60,000

When combined with the available $40,000 federal tax credit, the net effective cost of the Bollinger B4 would be less than $60,000


Electric vehicle subsidies take cash from ordinary Americans to benefit the rich
https://www.foxnews.com/opinion/electric-vehicle-subsidies-take-cash-ordinary-americans

Democrats' Inflation Reduction Act includes another lavish EV subsidy for the rich and famous
https://www.foxnews.com/opinion/electric-vehicle-subsidies-take-cash-ordinary-americans

That is a from 4 for a May transaction that didn't get filed until yesterday.? I missed it because it wasn't listed under the main body on the SEC EDGARS. You have to go over to the Selected Filings and expand the "Ownership Disclosures" section. It is sort of tucked away. So the Chief Accounting Officer received shares priced at zero on May 16th 2024 and turned around and sold them four days later for more than $1.2 million. Just in case anyone was interested in where some of their trading losses went. With that much cash being handed out you would think politicians have to be involved somewhere. 😆 Like handing out tax payer money, Easy come easy go.

https://www.sec.gov/Archives/edgar/data/1499961/000182912624008312/xslF345X05/ownership.xml

You missed the form4

https://ih.advfn.com/stock-market/NASDAQ/mullen-automotive-MULN/stock-news/95097537/form-4-statement-of-changes-in-beneficial-owners

The Chief accounting officer dumped all the shares he had left.

Doesn't instill a lot of confidence

sophisticated investors

LMAO. I think the correct term is sophisticated divesters

New 8K out. Why anyone would continue to play with this stock defies common sense. See page 43 and 44 of the Q1 referenced in the 8K.



FORM 8K December 12, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000182912624008313/mullenautomotive_8k.htm

Item 3.02 Unregistered Sales of Equity Securities.

The disclosure required by this Item is included above in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference. The issuance o the Notes and Warrants have been, and the issuance of additional Notes and Warrants pursuant to the Additional Investment Rights Agreement will be, issued, and upon conversion or exercise thereof, as applicable, the shares of Common Stock will be issued, pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act.


Google AI Overview

"Pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act" means that a company is selling securities without needing to register them with the SEC because the sale is considered a "private placement" - a transaction where securities are offered to a limited group of sophisticated investors and does not involve a public offering, as allowed under Section 4(a)(2) of the Securities Act of 1933.

For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000143774924016668/muln20240331_10q.htm

SHORTS ARE, um, perhaps, eating sandwiches and ignoring this stock.

A 3 year chart or 2 would be more self explanatory about what a total piece of crap this really is.

MULN, new 52 week low

Wishful thinking

IT'S FINALLY OVER - DONE - R.I.P. - THANK GOD!!

MICHERY indicted yet?

IMO when the dust settles there will be nothing, zip, zero.

Buy more if you want, I don't know shit from chocolate

It’s Good News Week Lyrics
It's good news week
Someone's dropped a bomb somewhere
Contaminating atmosphere
And blackening the sky

It's good news week
Someone's found a way to give
The rotting dead a will to live
Go on and never die

Have you heard the news
What did it say?
Who's won that race?
What's the weather like today?

It's good news week
Families shake the need for gold
By stimulating birth control
We're wanting less to eat

It's good news week
Doctors finding many ways
Of wrapping brains on metal trays
To keep us from the heat

It's good news week
Someone's dropped a bomb somewhere
Contaminating atmosphere
And blackening the sky

Oh I think end of year, a 20 million judgement might be changing how fast this heads to 0.

BWTFDIK?

Nothing changes with this stock's price action pattern.

Is davie boyo Santa?

Those guys from the judgement want their cash

Wow - TIMBER - LOOK OUT BELOW!!

Whoever managed to get paid to pump it deserves to be fined or imprisoned along with the rest.

Just my opinion.

Feel sorry for those people. Hate to see people lose all of their money. Sad.

.....and yet they keep buying - YOU REALLY CAN'T FIX STUPID!!

For anyone left on this board that still has faith in the POS company and scumbag 💩 CEO, AKA Mr. Hankey, AKA Manboobs, here's a video explaining why this company's demise is closer than at any time in recent memory!

Mullen Automotive’s $20M Court Order & Share Crisis Explained $muln

Oh well - Hey - MAYBE ANOTHER REVERSE STOCK SPLIT WOULD HELP!!

Smart boys, getting rid of them as soon as possible

8k, shares to be issued

Wayne R
you are filling my head with saw dust and you know
the only thing that is good for is cleaning up a oil slick.

Those that haven't learned from history are doomed to repeat it

Those that have read history but incorrectly interpreted it are simply doomed.

According to Hollywood
Dirty Harry says Make my day or hangem high while a more lenient Janis Joplin
says leave them Busted flat in Baton Rouge

Steamwork
Texans has suppose to hang em or wanted dead or alive.

Mullen has made it impossible to reply to it's X posts. Only one way conversation allowed. Translated, it means Mullen can say anything it wants without fear of someone calling them out (at least on their C account).  Just a normal day in Mullen land.

whens the next short squeeze? Friday?

Player
Im a capitalist I will support anything that involves money
but if you are a horse thief I still think like a Texan.

Hey, maybe he gifted each employee a Mullen 1, they just have to pick it up at RM.

That would solve a few things

MULN: DIRTY DAVE'S DIRTY LAYOFFS LOL !!!

Nothing like a criminal con penny stock CEO laying off the scam "staff" AT CHRISTMAS when the CEO con DIRTY DAVE aka THE FAT MAN aka THE GREASER aka DAVID MICHERY has sucked out of this black hole crime scene more $coin into his own dirty pockets than the entire fraud market cap !!

Of course. The only value they ever had was for propping up the scam.

And NOW the "prop" fake "employees" aka "semi warm bodies" he used to "pose" inside his fake "factories" and shitty leased buildings that sat empty except for a few tool boxes and props - you know...."where we pretend to build EV cars and trucks and batteries and magic Biggy Hardge electric scam boxes" blah blah blah.....

Well....THEY JUST GOT "CUT" going right into the wonderful Christmas season.....beautiful baby.....DIRTY DAVE keeping it real......

https://truckandbusbuilder.com/article/2024/10/23/layoffs-and-business-consolidation-at-mullen-to-cut-monthly-spending-by-usd55m

https://www.fleetowner.com/equipment/pickups-vans/article/55233794/ev-maker-mullen-shifts-focus-to-commercial-vehicles-scraps-passenger-projects

Commercial EV manufacturer Mullen Automotive Inc. is laying off roughly 70 people, executives announced October 7, which amounts to about 20% of the company's head count. The reduction is part of a plan to curtail overall spending as CEO David Michery and his team focus on “near-term” commercial revenue generation.

Along with the layoffs, Mullen will discontinue its passenger vehicle program, which includes the Mullen Five, Five RS, and Mullen GT models. These vehicles had not yet entered production as the company focused on its commercial offerings: a low cab, cargo van, and utility vehicle. Last month, the company’s Bollinger Motors division celebrated the start of production of its Class 4 electric chassis trucks in Michigan.

Bwaaaa ha ha ha ha - they're even "cutting" the PRETEND CAR THAT NEVER WAS....the bullshit CLASS FIVE aka .......THE UN-SPECTACULAR CLOWN SHOW ROAD SHOW PUMP THE STOCK SHOW TO NOWHERE BULLSHIT TOUR.....remember that hustle kids......

The fake as shit....."road show tour" of the BONDO-CON-MOBILE barely rolling shit heap "cars" .....aka .....shit heaps glued together and doing the SHAKE RATTLE n BARELY ROLL to run the P&D on this crime scene.....

MEMORIES - THE "STRIKINGLY STUPID TOUR" aka BONDO-CON BARELY ROLLING SHIT MOBILES aka THE SHAKE RATTLE n BARELY ROLL SHIT TOUR.....
(NOTE: NO RATTLE n shake noises ....or sounds of parts falling off .....were artificially added to these videos......ALL BULLSHIT-SPEAK was real and came first-hand from paid MULLEN-a-CON bondo-con hustlers...... bwaaa ha ha ha ).........:))



MULLEN-a-CON FIVE aka the FIVE-0...THE ZERO MOBILE.....FUGAZI-MOBILE...BONDO-MOBILE...the barely rolling shit heap-a-hustle....... is CANCELLED....oh say it ain't so.....Nooooo DIRTY DAVE....say it just ain't so bro....and BRING BACK BIGGY HARDGE........and his "snow bunnies"........



++++++++++++++++++++

+++++++++++++++++++


MULLENS-a-CoN FRAUD TRACKER....

1. FORTUNE 500 A SCAM and JOINT PR NEVER HAPPENED FROM SAME WTF ????
2. What is up with the 130 patents that were filed a year ago?
3. What happened to the DelPack Logistics deal from last year?
4. Where are the atmospheric drinking water devices from 10 months ago?
5. Where is the 5 RS from 9 months ago?
6. The ELMS assets were purchased 9 months ago, and no updates?
7. How many i-GO’s have been sold?
8. Where is Mullen with the Loop Global partnership?
9. What is going on with the Menzie’s deal from 4 months ago?
10. Where is the sportscar you claimed to offer from Qiantu from 3 months ago?
11. …Rapid Response Defense Systems deal from 3 months ago?
12. Intersection Media lawsuit?
13. Solid-state Polymer Batteries that were going to change the world, lol?
14. MAEO – Hardge with technology that was going to change the world 2 months ago? Aka THE BIGGY HARDGE SAUDI-CON P&D FRAUD….CRIME SCENE !
15. DC Public Works deal from a month ago?
16. BATTERNY-a-CON – they MAKE AND HAVE NO DAMN “BATTERY TECH” !! ALL A MASSIVE FRAUD…”solid state” = DIRTY DAVE’S BOWEL MOVEMENTS !!!
17. UNC Charlotte FRAUD PUMP ?

https://www.reddit.com/r/Muln/comments/13lukcs/court_order_rescinding_expungement_for_hardges/

https://youtu.be/T3vtsNR1z-8



CONS HELPING CONS....MULN-a-SCAM....LMAO.....can't even make this crap up it's so freaking dirty and B A D ....BAD BAD BAD......:))


https://twitter.com/HindenburgRes/status/1511700643462983681

https://twitter.com/PostHoc94107/status/1659319970302681088

https://www.vicksburgpost.com/2001/08/29/city-man-pleads-guilty-to-securities-laws-violations/



https://twitter.com/HindenburgRes/status/1511700730004000776

https://twitter.com/HindenburgRes/status/1511700707702980613

https://twitter.com/HindenburgRes/status/1511700691072466952

SCAM....SCAM....SCAM......:))

I don't think EVs go to a traditional junk yard. Yeah, dealing with those batteries may require more attention. I read somewhere that most battery can be broken down and recycled, but that would have to be a special facility. Pretty sure MA would come out cash+ on the back end either way.

Can they sell them to a junk yard?

The potentially useless batteries might now be considered an environmental hazard and instead of selling they may have to pay for the destruction.

I have no idea, just a thought.

I believe Mullen Auto has given up on the class 1 vans and realize they are scrap. Even if they sell them to the junk yard, they still make a profit on the back end because those vans are bought and paid for by 4 RS's and numerous SPA's. Betting big on Bollinger to bring in something to put on their books.

Don’t forget there is more likely than not an inventory and/or ad valorem tax building on those parked trucks. Then add to this the rodent damage from eating wiring and permanent damage to the lithium battery from non-use.

I bet Mr. Marion is more than happy to pass that tax bill back to the fat boy with boobs, considering the losses RM is taking on his Stellantis products and the heavy damages inflicted by Carlos Tavares (thank God he resigned)

Those trucks that sit are garbage and getting worse by the day.

Probably the reason they have turned things down significantly at Tunica. Quite a few layoffs. They have nowhere to put the vehicles. And pretty soon they will have to start taking them back. I am sure RM could use the space with dealership inventories climbing.

Of course. The only value they ever had was for propping up the scam.

Oh. Sounds super.

https://amzn.eu/d/2nekNmT

I actually haven't read that one

I hope so! I have no idea who Janus was, except for the classical mythology Janus.

Something was nagging at the back of my mind for days.

In fact, I think Janus was an evil Robert Ludlum character.

Maybe now I can sleep.

"a born looser(sic)"

Really? I can't stop laughing. Yup, the bridge collapsed on that one

Moon
sometimes you are a born looser like the guys that just drove under a concrete bridge and it fell on them 20 feet before or after would have been a complete miss

$60,000 California plus $40,000 federal for a 158,000 vehicle

How much are they now?

If subventions keep going up, eventually people can get them for free, park them in the back yard and use them to store garden tools

I knew at some point t they were going to need to idle Tunica or at least scale back operations significantly. The vehicles aren’t selling and they have nowhere else to put them.