Mullen Automotive Inc (MULN) Options

Yep. It's nothing if not predictable.

Watch how much stock they issue in the next week….which we won’t find out until the Def14A

They will issue a shit load of shares to their financiers for the record date of May 5 to control the vote and those shares will flood the market shortly thereafter…

I don't know. It's showing no signs of doing so. So bizarre.

That would put the cumulative reverse split to 1 for 3.375 TRILLION!

Unreal.

Is Nasdaq ever going to put a stop to this nonsense?

Yeah - you could buy up the ENTIRE company for almost nothing. Have fun. Truly unbelievable.

wait a minute... this guy can file BK 6 times and still be president

i think $MULN can do another 6 R/S

hahahahahahahahahahahahahaha


ec

lol, looking forward to it!

That would bring the float down to just FORTY FOUR (44) shares. Seriously - FORTY FOUR (44) shares. Enjoy.

Somebody has to make a documentary or a movie about this company!

Margin Call
Company Men
Enron
Wall Street
The Wolf of Wall Street
Mullen Automotive: How To Master The Reverse Stock Split

Piss and moan all you want about this company but if they can split the stock every few months they will NEVER go out of business. New fling out. Happy trading.


SCHEDULE 14A
https://www.sec.gov/Archives/edgar/data/1499961/000182912625003061/mullenautomotive_pre14a.htm
We are seeking stockholder approval of a reverse stock split as a precaution only if, in the future, the Board of Directors determines we need to implement a reverse stock split in order to maintain compliance with the Bid Price Rule (defined below).

(1) Proposal 1 - To approve an 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-250, as determined by the Company’s Board of Directors;

Uh-oh. Looks as if Michery's gonna do a 1:250 instead of a 1:100 this time.

Good analogy.

Are they serious? The SEC got paid off.

🤣🤣🤣 Who didn't see this coming!!! NR 7 TEED UP!!!

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS To Be Held on May 19, 2025 9:30 A.M. (Pacific Time)

(1) Proposal 1 - To approve an 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-250, as determined by the Company’s Board of Directors;

(2) Proposal 2 - To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), 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 $4M Securities Purchase Agreement, in excess of the 19.99% share cap contained therein;

(3) Proposal 3 - To approve an amendment to the Company’s 2022 Equity Incentive Stock Plan, as amended (the “2022 Plan”), to increase the number of shares of common stock authorized for issuance under the 2022 Plan by 15,000,000 shares; and

(4) Proposal 4 - To approve the adjournment of the Special 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 of the foregoing proposal, in the event the Company does not receive the requisite stockholder vote to approve such proposal or establish a quorum.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.otcmarkets.com/filing/conv_pdf?id=18412334&guid=jFh-keLvcUlPB3h

$MULN he's diluting as much as he can before bankruptcy and delisting whichever comes first.
His best SCAM ever.

Then there is no hope for them and they will simply lose all of their money and deservable so. You can't help someone who refuses to help themselves. Sad.

peeps will buy it forever thinking its at bottom.....there is no bottom here until they halt it and DELIST it....this EV hustle will make MICHERY and his TOXIC lender partners another 50-200 million at least till game over and otc pink sheets

There's one sure way to permanently stop this craziness once and for all - just QUIT BUYING THE STOCK - DUH!!

the sec and nasdaq has given MICHERY/AULT/rest toxic friends THE GREEN LIGHT TO STEAL with 6 r/s and another looming....looks like r/s to infinity

Well to further expand your analogy…the cop is actually standing there waving you through at speed.

It’s only when you slow down, don’t come to a complete stop and roll into the intersection that they give you a ticket.

MULN is the stock market version of the Chinese water torture - drip - drip - drip - down - down - down. Sad.

Good luck with that

That makes absolutely no sense at all. Oh well.

The value of These reverse split MULN stocks
are of greater value than Bitcoin.

Silly nonsense.

MULN has already Bottomed Out today! At Hyper Oversold status --- Over 84% Huge price crashing from April 11's high $2.88 to today's low $0.46!

So, MULN will Quickly And Easily bounce back to the Dollar Land again if the dilution sales can be Temporarily stopped for even a week...

The most recent Big bounce was 87.5% --- from previous Bottom $0.7999 to $1.5 on April 22! So, MULN will bounce up to $0.8626 at least in the coming days...

Hopefully the company could issue some Good News so that MULN can run a Rapid Rally like its Extra-NASDAQ peer (VIN?: 5M shares FIXED Tiny OS) did --- Over 2.222-Bagger Quick Rally from $0.045 to $0.1 Within just a Single day!

Anyway, both should have Similar OS counts. MULN had 2,195,677 shares TINY OS on April 11 Right After R/S! Now MULN is estimated to have about 6M shares OS.

The rule really isn't a rule at all. It's like saying that running a stop sign is illegal, but not if you do it before a cop gets there to see you do it.

MULN, new 52 week low

It is really just pitiful. And I'm guessing Michery isn't embarrassed at all.

I don’t think it is off the table at all…maybe they have gotten so confident in how quickly they can affect one they are in no rush.

Well it certainly is trading like it will continue to drop like a rock. If an RS was off the table, I would think shares would be getting accumulated. Thank you for the feedback.

The “new rules” have a massive loophole you could drive a Bollinger B3 through.

MULN’s last RS was done under the “new rules”.

It appears as long as you get it done prior to a hearing you are good to go regardless of the cumulative effect.

That is why MULN needs to file their Pre14C soon.

24 days.

And the Hindenburg report.- https://hindenburgresearch.com/mullen/.

Plus, TenKay was all over the preferred shares and the financials.

IG

I believe there is a caveat to that provision as the company also has to be Deficienct in another listing requirement.

TK, can explain it much better as well as others.

IG

Why do I keep seeing some new posts on X recently, suggesting that new rules now in effect will prevent MULN from hastily issuing any more reverse splits without having to endure much more scrutiny?

Maybe? It’s a given…and they need to get on with it. The clock is ticking.

Pre14C soon….

now 58cent, maybe a new RS 🤮

Is that how many zeros we are at from the original stock price?

I've lost count

Unfortunately, with all the actors in this comedy, there might not be enough prisons....

$muln-has been dead since the fortune 500 reveal DUD and then the HARDGE scam.....
both of them MICHERY and hardge should be in prison for that pump n dump

No doubt it looks like dire straits, but it's not dead until it's dead.

"Bollinger Motors is broke and production has stopped, founder says in suit" https://eu.detroitnews.com/story/business/autos/2025/03/25/bollinger-motors-is-broke-and-production-has-stopped-founder-says-in-suit/82653733007/

Why did investorshub get rid of the 🤡 emoji from its post reaction dropdown!?

Too much EV competition for the vans. I'd sell a van manufacturing plant or have it retooled for the Bollinger trucks. My guess is that a monster size Bollinger order is being negotiated to keep MULN in business. Just a guess.

Maybe you can get a van from Randy's for a dime and a 6 pack. I hear the make great garden sheds.

The downside is that you'll have to haul it out of there. It is highly unlikely that there is one that can move under it's own power after more than a year rotting in a parking lot.

I could be wrong.

or $.0000000001

I never liked the vans. But the Bollinger trucks had a lot of interest. Maybe I can get a boatload of shares around a dime.

$MULN Mullen Automotive (MULN) has undergone six reverse stock splits in its history, with five occurring since May 2023. These splits were primarily executed to comply with Nasdaq's $ ? minimum bid price requirement for continued listing. Below is a summary of the reverse splits based on available information:
May 25, 2016: Details on the split ratio are not specified in the provided data, but it is noted as part of the six total splits.

May 4, 2023: 1-for-25 reverse split, effective to meet Nasdaq listing requirements.

August 8, 2023: 1-for-9 reverse split, announced alongside a $25 million stock buyback program.

December 21, 2023: 1-for-100 reverse split, effective to maintain Nasdaq compliance.

September 17, 2024: 1-for-100 reverse split, approved by stockholders to meet Nasdaq’s minimum bid price.

February 18, 2025: 1-for-60 reverse split, approved on January 31, 2025, to comply with Nasdaq requirements.

$MULN Mullen Automotive (MULN) implemented a 1-for-100 reverse stock split, effective April 11, 2025, to meet Nasdaq's minimum bid price requirement. This means 100 shares of the company's stock were combined into one new share. The goal was to raise the stock price and maintain their Nasdaq listing.
Key Details:
Ratio: 1-for-100
Effective Date: April 11, 2025
Purpose: To comply with Nasdaq's minimum bid price requirement
Effect: The number of outstanding shares was reduced from approximately 238.7 million to 2.4 million. The trading symbol (MULN) remained the same, but the CUSIP number changed.
Stockholder Impact: The reverse split does not change the total value of a stockholder's investment, but the number of shares and the price per share are adjusted. Fractional shares were not issued, and any fractional shares were rounded up.