NASDAQ:MULN Dark Pool exchange volume appears to be holding price down to facilitate the naked shorts. Out of the 700M volume from 4/24/23, 70% of that volume was in Dark Pools (unlit exchanges). In my opinion, the fundamentals are there to support higher share prices with the latest contract news, EV deliveries, and innovative tech that extends battery life which can be licensed! I would estimate price action could reach a target of $.65 over the course of next few months if Mullen continues to deliver on contracts. However, if Stock price manipulation or dilution continues to go unchecked, there's a high potential the stock will plummet and then the shareholder approved reverse stock split will be implemented to keep the company in compliance with trading above $1.
NOTE: THIS IS NOT INVESTMENT OR TRADING ADVICE> Entertainment only!
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UGH! 1 for 25 Reverse Stock Split for 5/4/23 just announced. Price will artificially breach this trade idea. Closing this idea. RIP NASDAQ:MULN investors.
Mullen is scam never invest in it … shameful people big position level employees and CEOs just dumping the shares in millions
tantamount
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@khansalman1142, unfortunately, piss poor management and naked short sold to beyond recognition. Unfortunate since this is an American Co. with US employees that will ultimately be hurt by it, besides retail investors that were stolen from since the RS. Thanks for the comments.
tantamount
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1 for 25 Reverse Stock Split for 5/4/23 just announced.
adtjohn316
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currently. 0849
tantamount
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@adtjohn316, ...and 210MM volume on a sub .10 stock. ;) Nothing to see here!
geonsx.7
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@tantamount, Good post, thanks for sharing I think the automobile company has some engineering potential. look for a breakout point of positively new updates and volume.
tantamount
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@geonsx.7, Thank you! Lots of good news to come, I believe. Just now the company announced an engagement with a third party to investigate possible naked shorting and has retained a lawfirm in regards. Things are about the heat up it seems. -Cheers!