Mullen Automotive Inc (MULN) Noticias

Yes. The press release is idiotic:

https://finance.yahoo.com/news/ibn-coverage-mullen-automotive-nasdaq-144052541.html

Muln shareholders waiting for it to go "to the moon", lol!

Michery has reached a new press release low.

LOS ANGELES - (NewMediaWire) - December 30, 2024 - Mullen Automotive (NASDAQ: MULN) has received a purchase order for two Class 3 EV trucks, the Mullen THREE, from Westland Floral.

A press release about "selling" 2 trucks to a Florist.

Plus it looks like the insiders did some price manipulation to go over $1.

IG

https://x.com/AFMBlog/status/1873042231843553467/photo/1

Yep. Unless the company's corporate charter says otherwise.

It think it could be as short as 20 days. But a month is not terribly unusual. One thing is clear, Michery is starting to worry about Nasdaq. He is trying to get the meeting done before the 30 trading day period is up and a notice would be sent. Looks like he is counting on Nasdaq processing the RS and carrying on his way.

That is why the recent proposed changes Nasdaq made are absolutely useless. They left open a loophole the size of the Katy Freeway in Texas.

Is this even legal to give such short notice to their shareholders?

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
To Be Held on January 31, 2025
9:30 A.M. (Pacific Time)

People are buying 1 share

It does a 1-100 RS, the share will turn into 1/100 share and be rounded up to a full share, worth whatever the post-RS split price is. Easy few bucks to buy a lunch

"Unless somewhere there're people who actually enjoy being reverse split to death."

There certainly is an element of masochism in the penny stock world...lol.

Yes. I had no luck finding out where on Friday, but there's definitely a pump going on.

Unless somewhere there're people who actually enjoy being reverse split to death.

Ha! Must be a pump somewhere.

People never learn

LOL !!! Not even a nuclear blast can kill $MULN

💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️

You know the old saying ..... after the big global nuke exchange......only thing left on planet earth will be..... COCKROACHES and TWINKIES.... the most "preserved" cough cough... "food".... crap ever produced........

DIRTY DAVE MICHERY aka THE FAT MAN aka THE GREASER is certainly a "bug"...a real "cockroach" and real creep show Mo-Fo..... and POS criminal to put it mildly......a real SOB bastard......BUT...he's going to be indicted before this clown show crime saga is all ended.....a 7X OTC penny stock con hustler and OTC long-time gutter criminal.....DIRTY DAVE pushed the envelope too far this time with MULN-a-CON being NASDAQ traded... and ....a total fraud and gutter crime from day one.....

THIS ONE....aka...MULN-a-FRAUD....will be DIRTY DAVE'S LAST CRIME RODEO he'll ever ride while still on planet earth....due to the amount of $coin stolen outright and criminal fraud involved and people burned.....the biggy Hargde hustle aka Saudi-a-Con crimes + Randy Marion shit alone.... is prison cell worthy........

Trying this circus stunt crime scene using the NASDAQ + SEC FILER....that's the magic sauce ..."crime combo plate"...the real jump the shark shit.... that's gonna get DIRTY DAVE his CLUB FED ticket finally punched......will get him at least FED civil charged ...and... I'm going to "call it"... that he'll be FED criminally indicted... before the last of the dust cloud and nuke fallout of MULN finally settle....CLUB FED.....cuffs and all.......real life Wolf Of Wall Street shit style.....



DIRTY DAVID MICHERY...is a real life cockroach and real mother F-er infecting planet earth...a God Damn Bug of society........the dude will get what's coming due to the level of fraud and sheer amount of $coin stolen and pocketed here....his CLUB FED camp site......we'll send extra COCKROACHES and their droppings and eggs... in our "care packages" (in addition to lube, magnum size condoms for his new found prison buddy pals, smokes and candy bars... for trading etc)..... just to make his stay feel a lil bit more like ...."home" ....for the serial shit bag con and greaser......:))

Sold off months ago. Too much short selling for me. Just feel bad about my losses and others.

Greed, well that has been going on for a while. Why you don't have 1 share is strange.

And millions are invested here every day. Definition of insanity…..or blind greed. I lost my share!

Don't worry, they'll roundup fractional shares to one share.

Don't quote me on this, but I think one of the Naz requirements is a minimum of 300 or so shareholders. So rounding everyone up, every time after a total of 1:2,250,000 reverse splits, helps to keep them in business because people don't bother to sell 1 share.

Imagine another 1:100...

That'll bring it up to 1:225,000,000.

That has to be a record

MULN Stock being attacked by shorters again ? If they roll backup again; then my 7 shares will be zero...............what a disaster this has become.

Not even a nuclear blast can kill $MULN

Ium gest zooried if Tays jet a pig owder!! MULN vill kneed MILLIONS OF BUCKS two build em…..

Stock of the decade! Or is it decay?

Been gone for awhile and talk now about another RS? There is no SEC!

1:100 might not even be enough, assuming that they manage to stay on Naz that long.

I was thinking the same, but in the proxy statement they do say investors will vote:

To approve the amendment of the Company’s Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company’s outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Company’s Board of Directors (the “Reverse Stock Split Proposal”);

https://www.sec.gov/Archives/edgar/data/1499961/000182912624008593/mullenautomotive_pre14a.htm

I suggest you read the new filing before commenting.

Three vehicles today, two tomorrow. A reverse split the day after that.

MULN, new 52 week low

Hmmm, 27 February before the vote on issues that no shareholder could possibly ever want.

1:100 might not even be enough, assuming that they manage to stay on Naz that long.

JMO

Janice
That is nothing to laugh about where did you that shit from working in a New Jersey patent office with Einstein

Wy iz everun sew negutev? Dey dun sol tree veehuckles jus da udder dey.

I am thinking 1 for 100 LMAO!!!!

And I'll bet you're right!!

That's an interesting site, and it seems to have had a clever idea. I THINK--but do not know for sure--that it sound legit.

In any case, there seems to be a settled action in which MULN agreed to pay out $7.25 million.

https://11thestate.com/cases/mullen-investor-settlement

But I have no idea how big the class is. Usually people who do get a payout in a class action see pennies on the dollar.

I can only suggest sending a complaint to the SEC. Maybe one day they'll act on it. Or not.

5th wipeout in less then 20 months? CRIMINAL

So what’s the over/under on the split?

I am thinking 1 for 100 LMAO!!!!

https://11thestate.com/

If people are stupid enough to buy into it, so be it

Darwinism at its best

11thestate Team....hopefully not a scam......

I hear there one muln lost for period 2022 or so....there should be hundreds....I know I joined one for 1 year of mullen losses when the fortune 500 reveal michery announced that never happened...NIKOLA DOING 3 YEARS....
how isn't David michery indicted yet?????????

criminal..its mind boggling as a nasdaq traded stock this guy is making 10s of millions in comp meanwhile shareholders have lost 99.9% ....going to be 5 r/s in less then 2 years.....CRIMINAL just CRIMINAL

Yes. It's outrageous. Are there any class actions in the works? If not, why not?

white collar crime pays well in the stock markets for CEOs and majority shareholders....THIS IS CRIMINAL
Although Mr. Michery has achieved most of the milestones and tranches under the 2022 PSA Agreement, the Compensation Committee saw the need to continue incentivizing Mr. Michery to lead the Company through the next phase of its development. The awards already granted to Mr. Michery under the 2022 PSA Agreement are described under the section “Executive Compensation?-?CEO Performance Award” below and were reported in the Company’s Annual Report on Form 10-K for the year ended September 30, 2023.



The Compensation Committee, consisting of independent directors, designed the PSA Agreements and considered the Company’s current ongoing projects and its long-term vision. The Compensation Committee also considered, and continues to consider. the need to incentivize our CEO and to drive the next decade of our shareholder returns, and recognized that Mr. Michery currently only holds a minimum ownership interest in the Company at around 0.01%. The Compensation Committee believes that the extension of the Capital Benchmark Milestone and the 20-23 PSA Milestones and grant of the equity pursuant to the terms of the PSA Amendments and the PSA Agreements is in the best interests of the stockholders as they provides incentives for Mr. Michery to achieve the Company’s business plans. Furthermore, the PSA Amendments and PSA Agreements recognize the Company’s growth potential and is designed to motivate Mr. Michery whose inspirational creativity and leadership can uniquely unlock this potential and continue to deliver exceptional value to the Company. As the Company’s founder, a thought leader and a person who developed the Company’s brand and vision from the beginning, the Compensation Committee believes that Mr. Michery inspires employees and customers alike with his creativity, dynamic market-creating innovation and enduring dedication to Mullen’s mission.

Yes. It really is extraordinary. And we should add in the Nasdaq's utter indifference to what the company is doing to its investors.

imagine making 50 million this year selling like 2 cars and deceiving your shareholders for years yet the SEC allows this fraudster to continue milking this so called COMPANY

Sheesh. We knew it was going to happen, but I'm surprised they didn't wait till the beginning of the new year:

The Schedule 14A, from TODAY:

https://www.sec.gov/Archives/edgar/data/1499961/000182912624008593/mullenautomotive_pre14a.htm

Filed at 5:20 this afternoon. Ten minutes before the window for today's filings closed.

Where are all the MORONS that thought this board was filled with nothing but bashers?!!!

https://x.com/AMCScam/status/1872782638639136836

Happy New Year Mullen-aires🤣🤣🤣


Form PRE 14A - Other preliminary proxy statements

1. FOR the Class I nominees to our Board of Directors;

2. FOR the approval, for purposes of complying with Nasdaq Listing Rule 5635(d), of the issuance of shares of common stock pursuant to senior secured convertible notes and related warrants, and any future adjustments of the conversion price of the notes and exercise price of the warrants, purchased pursuant to the Additional Investment Rights, in excess of the 19.99% exchange cap;

3. FOR the approval, for purposes of complying with Nasdaq Listing Rule 5635(c), the issuance of shares of common stock to our 💩Chief Executive Officer💩 pursuant to amendments to the Performance Stock Award Agreements

4. FOR the approval of the amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company’s outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Company’s Board of Directors;

5. FOR the approval of an amendment to the Company’s 2022 Equity Incentive Stock Plan (the “2022 Plan”) to increase the number of shares of common stock authorized for issuance under the 2022 Plan by 20,000,000 shares;

6. FOR the approval of a second and separate amendment to the 2022 Plan for the adoption of an automatic annual increase in the shares of common stock available for issuance under the 2022 Plan;

7. FOR the approval of an amendment to the Company’s Second Amended and Restated Certificate of Incorporation to increase the authorized number of shares of preferred stock to 1,000,000,000

8. FOR ratification of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2025; and

9. FOR approval of the adjournment of the Meeting from time to time, to a later date or dates, if necessary or appropriate, under certain circumstances, including for the purpose of soliciting additional proxies in favor one or more of the foregoing proposals, in the event the Company does not receive the requisite stockholder vote to approve such proposal(s) or establish a quorum.

Exactly…and when they have to state that revenue will be recognized…is kind of icing in the cake.

It just looks desperate.

At least they realized how stupid the “invoiced” label was and stopped doing it.

They will PR Michery’s lunch order if it allows them to sell a few more shares into the market.

They actually aren’t breaking their own rules…they just have a massive loophole they keep waving these stocks through.

The Nasdaq CM is becoming a cesspool and I don’t think they much care…