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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- Bulltrader·2022-11-28EV is over. Dragon head TSLA is down. rest will not run without dragon10Report
- DannDann·2022-11-29Thanks for thr insightful sharing. Thumbs up 👍🏻👍4Report
- Alvinkctan·2022-11-29Noted with thanks.6Report
- romanc9·2022-11-29Let's hope they don't do a reverse split and shares price head north to a dollars if investors realised these that you are talking about.3Report
- Svengers19·2022-11-29Thanks for sharing5Report
- RedpillBluep·2022-11-30thanks for sharing ☺️2Report
- 宇安·2022-11-29haode .ok4Report
- SandDust·2022-11-30Be careful, seen this before3Report
- deInvestor·2022-11-30thanks for sharing1Report
- PE24·2022-11-30thanks for sharing1Report
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