Mullen started its "humble" begginings in the spring of 2014 with David Michery at the helm to command his life long ambition of a greener and cleaner planet.
However the road has not always been a walk in the park for mullen or its availability of clear and concise reports to the public (let alone the share holders) This road of suspicious behavior has not only threatened but very may well bankrupt the company completely.
As of this month $Mullen Automotive(MULN)$ is reading at an all time low of 0.1945 on the stock market, though is this the fault of Mullen or another case of people not knowing what we had until its gone...
NEITHER! I tell you, instead it is the case of neglectful ignorance on both parts, for Mullen it is the neglect to be more forward and open about there new projects aswell as ones that have failed and succeeded, share holders and investors have both seen Mullen as the way to open doors for more then just one magnate in the electric car company $Tesla Motors(TSLA)$ which would allow for a much more diverse range of projects and possibilities however I believe not necessarily Mullen but David Michery the acting CEO is the problem.
David Michery (from what interviews I have listened too) tends to play the midfield blame game never going high but also never low, a blissful ignorance if you will, his incessant need to belittle and demean the big news outlets, for one let's all agree nothing is what it seems and the big corporations love that, HOWEVER...
Should you wish to play a game you did not create you must either learn to play by the rules or make the rules play by you. Take for example monopoly, you may want to grab that $200,000 but if your caught nobody wants to play with you, but if you were to wait until nobody is looking then take it, we'll you can claim no-show and have people believe it wasn't you.
Now this is not me saying that David Michery should lie and deceive the public, no I'm saying if he wishes to get to a point such as Elon Tusk where he can set the parameter of the interviews and fire back how he wants with little to no disruption to shares or market capital then he needs to do as Tusk did and play the game until you can create your own game that people want to play with you.
Couple this with the need for making people feel a bit stupid just for simply being incorrect on certain things definitely does not instill confidence, as a strong leader must also be a strong teacher with patience for those a but behind the cur
I believe if Mullens board of directors where to fire David Michery, on a vote of no confidence and instill a new way of working with and honesty towards there shareholders and investors the stock which once cost over $200 a share would very much return to its former glory.
However... In order for this to take a serious turn in the companies direction, the stockholders and investors would need to come forward and be prepared to listen and help when needed but also help to stair the ship when the captain needs a break, the one thing with Tesla Motor Company is they are open and honest about there failures and successions which has shown even when someone is found to be doing the "naughty" with Joe Rogan because of there openness and lack of prideful ignorance the problems came to a stop sooner then if they had taken the route Mullen chooses I believe the story would be completely different, however this is not the case.
With these things in mind I would also like to keep my openness and sharing with the people that read my (not frequent but I believe insightful thoughts) articles trust that even though I do own 240 shares of Mullen that this is not an attempt to boost or get a little momentum in the market for my own personal gain, as you can see I bought at .75 a share and they now go at .19 I am not holding on however as a means to make money though of course that is a nice bonus, however I believe in the mass diverse market of the 50s up until the late 2000s unlike now where everything is pretty much the same but 1 costs $5,000 the other $5 and the only difference is branding or our own ignorance to not do the research first, I believe that companies like Mullin must succeed for all of us to succeed.
P.s thankyou so much for reading my article and it is always appreciated the support and constructive criticism given for my articles (though this is my 2nd one) and I look forward to bringing you along on my next Article, The Confidence Of The Economy.
See Ya There đ đ
Comments