MULN has 1.66B shares outstanding. It is a large dilution in few days.
The cash is used to paid ELMS acquisition. A production capacity plant of 50 000 EV per year.
TIME is money, faster MULN is producing EV faster his selling those EV and capture market share against TESLA, RIVIAN, LUCID, FISKER, POLESTART, FORD, GM, STELLARIS and NIO.
MULN EV will reached the market 2 years earlier without the need to issued 3.0B$ of new shares or issued 3.0B$ of notes to built a plant and buy tooling,
MULN can produced EV, small van, car and truck, next week in the ELMS plants and generated cash flow
The ELMS acquisition is adding 1$ per share (1.6B shares) of assets with a book value of 190M$. Producing EV is adding 3$ per share.
MULN shall be at 4${{f76ad730490e4fe0af82ae5fa36c3936}}
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