Dragon Lady
1 day ago
MULN CON: SUB ONE $BUCK 99 CENT TRASH LMAO !!
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$MULN.....April 21 2025....10 AM Eastern....PRINTED 99 CENTS ON THE TAPE.....it's DEAD JIM.....DEAD......:))
ANOTHER new DIRTY DAVE aka DAVID MICHERY aka DAVID MISERY aka THE FAT MAN aka THE GREASER aka MAN BOOBS.....race to the bottom post REVERSE SPLIT NUMERO SIX SIX SIX.......
What was that....a WEEK I think..... a TRADING WEEK from post REVERSE SPLIT of $3.60 to now 99 CENTS Bwaaa ha ha ha.....ENTERING THE SUB $ONE SHITTY BUCK DEATH ZONE........
BK FAT LADY.....she just showed up in the GREEN ROOM....warming up....ABOUT TO SING THE DIRTY DAVE OPERA LIKE A STAR.......BK.....imminent.....GET OUT NOW BAGGIES.....CODE RED !!
This dumpster fire is issuing or pumping some PR DOG SHIT today....MORE SCAM VAN HUSTLE-TALK....something like that.....over on Stocktwits and the pump-the-crime channel noise outlets.....STILL PRETENDING....they "sell" CHINA TIN CAN SCAM-VANS BARELY ROLLING NON ROAD LEGAL DEAD BATTERY RANDY MARRION BACK-LOT SCRAP METAL SHIT HEAPS.....yo......buy more kids....buy mo......
RIP MULN a FRAUD....it is OVER boys n girls.....bury this POS head down....or just truck this one to the GLUE FACTORY and get it over with already....:)
$MULN: "PARTIAL" BRIEF HISTORY OF THEIR CRIMES
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https://hindenburgresearch.com/mullen/
START THERE....and it's ALL downhill after that.....like over a cliff kinda con n scam downhill....dilution mill insider self enrichment crime scene....the "EV CAR and TRUCK BULLSHIT".....ALL just smoke n mirrors and cover fire for the insiders crimes committed....all of it.....
This is just a PARTIAL list and history of the MEGA SCAMS and PR to PUMP THE BULLSHIT FRAUD....that is....MULLEN aka MULLENS...aka MULLENZ to Biggy Hardge folk.....
The list is long and it's dirty and it's NOT distinguished....this ticker is a literal crime scene....time to police tape it off...and bury this ticker to oblivion once and for all....BK UM and wipe um and get the indictments going ASAP.....
$500M - Unlimited Electrical Contractors Corp (12/30/2020)
$60M - Heights Dispensary (8/03/2021)
Undisclosed Amount - Fortune 500 company “that is going to buy a lot of these vehicles” (3/30/2022)
$21M - Delpack Logistics (7/11/2022)
$200M - Randy Marion Auto Group (12/14/2022)
$63M - Randy Marion Auto Group (5/02/2023)
$15.75M - MGT Lease Company (5/11/2023)
$680k - MAEO Washington DC Contract (5/15/2023)
$321k - Newgate Motor Group (7/17/2023)
~$205k - NRTC (8/28/2023)
~$480k - Grupo Cavel (1/30/2024)
$8.25M - EnviroCharge, 50 Bollinger B4 (5/22/24)
$440k - Antidoto SA (5/29/24)
$13.2M - Momentum Groups, 80 Bollinger B4 (6/13/24)
$825k - Spencer Manufacturing, 5 Bollinger B4 (7/9/24)
$11.5M - Doering Fleet Management, 70 Bollinger B4 (7/15/24)
Undisclosed amount - City of Dublin, 1 C3 (7/22/24)
$304k - GAMA (7/24/24)
~$100k - DB Schenker (7/29/2024)
$7.7M - Eco Auto, 130 C1 & 50 C3 (8/8/2024)
Undisclosed amount - University of Virginia (8/12/2024)
Undisclosed amount - Princeton University (8/19/24)
$210M - Volt Mobility (8/26/24)
$3.2M - Papé Truck (9/26/24)
$800k - Nacarato Truck Center, 5 Bollinger B4 (10/3/24)
Total: $1,118M in “sales”
As reported in the 10-K, Mullen has only recognized $1.46M in total revenue, or just 0.13% of what was PRed.
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double_m
5 days ago
I believe there were many comments made on this board that this was going to happen when he gave that company that $10M. The credit card thing is extra shady!
EV maker Bollinger Motors is broke and truck production has stopped, founder says in suit
Luke Ramseth
The Detroit News
Bollinger Motors Inc., a prominent Oak Park-based electric truck maker, appears to be in dire financial straits, according to a federal lawsuit filed against the company by its founder.
Robert Bollinger, who started the electric vehicle outfit in 2015 and served as CEO until last year, alleges his former company owes him about $10.5 million and wants a receiver to be appointed to manage and distribute the firm's remaining assets to creditors.
The lawsuit says the company is insolvent, has paused production of its vehicles, and is facing increasing legal pressure from suppliers.
Bollinger Motors, whose majority owner is Mullen Automotive Inc., started making an electric chassis cab truck called the B4 last year, and a larger version, the B5, was scheduled for release in 2026. Bollinger had largely self-financed the firm in 2015, with the original idea of selling boxy off-roading EVs, before transitioning to the commercial vehicle space.
The dispute centers on a $10 million loan Robert Bollinger made to the company last October with an interest rate of 15% per year. By February, the company had missed a $125,000 payment, the court papers say, and while the company eventually paid up earlier this month, the former CEO alleges it was "insufficient to cure" the terms of his loan.
In addition, Robert Bollinger says his former company has defaulted on about $500,000 in American Express credit card debt — and unbeknownst to him, the credit cards "were somehow guaranteed by Robert Bollinger, event though he was no longer employed by or served as a director of Bollinger Motors." This led to Robert Bollinger's personal credit card transactions being rejected, the suit states.
Production of Bollinger Motors vehicles, contracted to Roush Enterprises, is stopped, and the company is facing other lawsuits from a supplier and two other vendors, the court papers say, adding that the company "likely will be facing a deluge" of additional collections lawsuits. The complaint adds that the company has more than 40 trucks for sale worth about $135,000, together valued at more than $5 million. It also owns other vehicle production assets.
The lawsuit says oversight from a receiver is needed to manage, protect and eventually liquidate the company's assets since it otherwise has no way of paying back Robert Bollinger or others.
“Bollinger Motors is working through the process of addressing the allegations in the pending lawsuit," Bryan Chambers, CEO of Bollinger Motors, said in a statement. "Our goal is to quickly arrive at an outcome or resolution of this dispute and continue supplying a product that we believe is best-in-class. We cannot comment specifically on the allegations in the pending litigation.”
Robert Bollinger departed his CEO and board positions last summer. James Taylor, a former General Motors Co. executive, took over the CEO post, though he recently departed and Chambers, who previously served as chief operating officer for the company, now leads the firm.
Bollinger Motors is far from the first EV startup to face financial challenges. Several companies that emerged in recent years from a surge of customer interest and government support for battery-powered vehicles have ultimately faced operational problems or shuttered, such as Fisker, Lordstown Motors, Arrival and Canoo.
https://www.detroitnews.com/story/business/autos/2025/03/25/bollinger-motors-is-broke-and-production-has-stopped-founder-says-in-suit/82653733007/
I-Glow
5 days ago
That isn't true - "Approximately 10% of public companies filing for Chapter 11 bankruptcy successfully emerge as going concerns. The majority either convert to Chapter 7 liquidation or face dismissal of their cases. While some companies may initially emerge as private entities after Chapter 11, only a small percentage (around 13%) emerge as public companies"
Mullen is already Balance Sheet insolvent.
In the last financial statement the the Losses from Operations was $51,435,232 and a net loss loss of $118,797,845.
IG