Teacup3
2023-09-02

I bought lots of Mullen stock not understanding what i was getting into. It was all over youtube how it was under $1 & I bought at 70cents so i wouldn't miss out. Today, it continues to drag my small portfolio down. Here's the lesson,..... dont buy stocks you know nothing about. In saying that, im keeping my Mullen stock, i actually like their ev cars & the new ev small delivery vans and it is a small company with ambitious plans.  Im no expert but i think they just need some time to sell their products and turn things around .... operate "business as usual" ignoring the noise surrounding their stock price & lawsuit. I am holding onto my stock & will wait. Time will tell .....[Miser] Hopeful.

Mullen Automotive CEO Responds to Fox Business Question

Mullen Response: The Condensed Consolidated Statements of Operations contains both cash and non-cash expenditures in total operating expenses. For the three months ended June 30, 2023, we incurred $7.8 million of non-cash expenses including: $6.6 million of non-cash charge for warrants provided to Qiantu.$4.1 million in stock-based compensation to employees and consultants.$2.5 million in depreciation and amortization. million in increased working capital as we move into production of our commercial vehicles. Pursuant to the Condensed Consolidated Statements of Cash Flows, we spent $46.1 million in operating expenses as compared to the $53.9 million of Total Operating Expenses reported on the Condensed Consolidated Statement of Operations: Three Months Ending June 30, 2023 Operating Activities: $ millionInvesting Activities: $ millionFinancing Activities: $196.8 million Please refer to our press release related to our quarterly third quarter results, issued Aug. 14, 2023, for
Mullen Automotive CEO Responds to Fox Business Question

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  • CyrilDavy
    ·2023-09-04

    I bought in a long time ago and continue to try averaging down. 8,000+ shares average around $4

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  • MatthewWalter
    ·2023-09-04

    Seems like we will have another reverse split soon and I’m sure they have to do offering because they are running out of money

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  • LeilaLynch
    ·2023-09-04

    Not selling, at this point it can all be gone, about the same as selling right now. Sticking with it.

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  • littlesweetie
    ·2023-09-04

    Is it crazy to invest in an unknown EV company to go against tesla and the other major manufacturers?

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  • EmilyMark
    ·2023-09-04

    I’m feeling down 😞 holding 30k shares at a 60 cent cost average and worried I’ll lose it all

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