Retail Ape
10-07

$Mullen Automotive(MULN)$  News - forecast 75 M Revenue next 6 months, cutting 20% of workforce and they also filed to raise more money next year. Stock should go up from here but capped until they raise or increase sales increase.  🤷‍♂️. Buying today

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  • Retail Ape
    ·10-08
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    I am not bullish any EV stocks yet. Just playing the 100+ M cash on the balance sheet for a bounce against the 4 M market cap. Buying all dips below $2.50 for the next 2 weeks. Its my high risk play for now
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    • Retail ApeReplying toStreetCat: 
      Yes but i believe they beat the price down here to accumulate and pump before next raise. 🤷‍♂️ I figure with this credit facility they just recieved they currently have 120 M cash equivalent. im buying for the pump. High risk High reward at this market cap. Company should really file to privatize.
      10-09
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    • StreetCat: 
      I read they will be issuing more then 30 mil shares from an unknown source you do know they keep doing reversals to keep the price above a dollar to stay listed then dilute it by issuing new shares to their employees right?
      10-09
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  • StreetCat
    ·10-09
    oh sales of shares I get it
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    • Retail Ape: 
      apologies...missed your question earlier. correct-forecasting revenue and filed to sell shares/raise money. 👍
      10-09
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  • Semangkaka
    ·10-08
    Don’t be too bullish sir because it will attract the shortist
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  • StreetCat
    ·10-09
    since when have they got any sales at all?
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  • Semangkaka
    ·10-08
    Cannot be too bullish or else shortist will shoot you down
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