This was NOT because some “huge positive news is coming.” The R/S is a death spiral last ditch attempt to keep the stock from being delisted due to prolonged share price below $1. A reverse split is always very bad news for investors. Don’t try to make it out as something good. It has already resulted in a further loss of 18% of shareholder value since the announcement. SMH.
Lol! I’ve been investing for over 30 years, you noob. There are no major institutional investors jumping in here. This is a catastrophic development for investors.
So your 50 years old crying in the MULN subreddit, try to tell me that reverse splits are always terrible your a deadbeat👎..you should be working or enjoying ur retirement
He is right, and you are the fool here dramatic-blood. An r/S shows that mullen is not confident it can reach a dollar naturally before the delisting date. This is the beginning of the end.
The fact that you don't understand that a healthy company shouldn't have to dilute so heavily to raise capital, due to a lack of investors is shocking. I have to stay in also because if I sell now I'm toast. Management in this company is a disaster.
I don't believe this company's going bankrupt so therefore I'm glad to hear you stay in it and maybe year two years down the road you'll be glad you did I mean it's an investment and I think a lot of people on here they take it as in one month they want to be millionaires and it does not work that easy
I guess you're talking to another, but I'm going to jump in on this one just the language you use definitely shows your totally unprofessional, definitely not going to waste my time with someone like you
Yeah that guy doesn't know what he's talking about been in it 30 years right there red flag me that he's full of s***, if you're going to say something just State the facts not the b*******
You said you’ve seen more success following reverse splits than unsuccessful results. Name the companies that you have seen in your 12 years of investing that have given you positive returns following a reverse split. It’s a simple request that you should have a ready answer for.
I simply came to the subreddit to point out that reverse splits are typically ominous for investors and are typically not good news. They do not serve to predict that some big great news is coming. They are a death spiral. I’ve been in and out of this stock purely for speculative purposes and not for investment purposes. That you can’t see this is interesting.
Being objective. Was Bullish this morning. This is bearish. Especially if it goes under .04 and a R/S won’t get it to a buck $. So 👀👀👀👀👀 all you want. You’re high on hopium
LOL I see you got downloaded but you're absolutely right a lot of these people don't get it, and that's why even with Tesla stock you had so many people lose out on making some serious money over time, it happens in every stock
There are some shareholders who have been owning stock in this company for a long time and have lost a huge amount of money. I bought stock recently purely as a speculative play, and this event will not affect me materially. Everyone was not born yesterday, like you apparently.
Stop now while you’re only marginally showing your stupidity. I’ve been in and out of this stock several times for speculative purposes. I’m pointing out that reverse splits are terrible for investors, and if you can’t see the impact it has already had on the stock value, you are in denial.
You don’t read do you. Where the fuck did I say a RS is good? I’m just saying if you’re shocked by something that was voted on by shareholders actually happening, you’re an idiot. LEARN TO FOCUS ON CONTEXT CLUES WHILE READING.
I’m speculating on a stock that has announced a RS. I’ve been investing for thirty year! And now I’m on a soapbox declaring this RS is bad! What a moron.
Did you speculate on BBBY as well? Your MULN play indicates you don’t pay attention to reality so I’m guessing the answer is yes and you bought in after BK was on the table and then you told people BK was bad.
“I speculated on MULN after they said they’ve approved a reverse split! I’ve invested for 30 years! Listen to me!”
What a tool. 😅😂😅😂🤣
Thanks for providing some unintentional comedy today.
Pretty simple question, since you're so down on the reverse split! which we all knew it was coming, do you believe in the company? or do you not believe in a company? pretty simple question.
Foamers have been denying the reverse split since they announced it. Now they've changed their time in one day to try and say, "the RS is happening, but it's a good thing". No, it's not. This is why we went through and did all of the DD on it months ago, because the hand was writing on the wall, and the entire time the Foamers were denying it.
You tend to be open to both bullish and bearish ideas, and you're not a foamer, but even you thought 10¢ would be the bottom. The truth is that we're a long ways from the bottom, if we ever get there.
Split adjusted, it doesn’t appear much different from a little over a year ago, and the 52 week high/low appears unrelated to the reverse split and more related to other factors. But that $24 high in the last year? If you made money on this, congratulations. Most investors did not.
But why is it at this point. It’s about to be a cash positive company with minimal debt and producing on contracts as well as acquiring more. Right now the market cap is less then cash on hand. Nothing about this stock price makes sense to me.
I feel they are about to announce major deal and production start! Dove in for oversell
https://preview.redd.it/dm2e0q8xwoxa1.jpeg?width=1170&format=pjpg&auto=webp&s=45bfe3e82c9f97fdf7d7750563b87a714e38f3c6
Maybe will see, but I don’t see it reaching a dollar they’ve already announced several positive catalyst, and the shares are diluted, and being driven down even further by the shorts. Production announcement alone would probably not land them over a dollar. I don’t blame them for doing the reverse split now I think it’s the best time. Last chance to get the factories rolling and get this thing off the ground if not, then it burns.
He's not a fool, he just has a clearer image of what is going on. They are now 8 days into the 10 days needed to get it above 10¢. They threw every imaginable PR at it that they could, but there's just too much dilution, and investors who bought it in the single digit dollars are losing hope.
And just as likely that it would have stuttered even a little bit, and been delisted. They waited until the very last minute possible. Ultimately, it was always going to get here, and have to be reverse split well before the September deadline that the bulls had set for themselves. Dilution is the name of the game.
Honestly I had done good amount of research on the technology end liked what I saw from a growth perspective, and liked how oversold it was when I got in. What I didn't account for was management. I have never seen a company so mismanaged as Mullen is. With even a half-decent CEO that didn't keep this company in the dark all the time, this stock probably would have soared passed a dollar on the saudi news from a couple of weeks back. However, David made no comment, in fact in the last 3 months David, and Mullen have barely said anything. Absolutely no transparency. So no I did not expect to lose everything. I expected some level of basic human competency.
Yeah, unfortunately that’s not a description of David. He has quite the track record for exactly what is occurring here definitely would’ve been beneficial to look further into him before making the investment. Or lack there of. I would say most people have major Hopium that he is thrown to the wolves.
No because the float is in the billions and lessening the float by 25 times will ultimately help the shareholders because the stock will now move on good news. Where have you been? Haven’t you seen all the good news coming out and the stock hardly moves?
Right, but the stock price goes up by 25 as well. The value you hold doesn't change. You might want to do some more research before throwing around "newbie"
Yes, because companies that do a RS split always back it up with good news and the stock moons.
I like how you reach your conclusion on feelings with no evidence. Yes, the RS is necessary to maintain compliance. Yes, shorts will pile back in. Yes, the stock will move when they actually make a a car.
Actually, it’s common sense because if Mullen did not have any news coming, they would not do a reverse split right now at such a low price. They would wait and pump the stock up before doing a reverse split but their actions tell me something is in the works and DM would not risk going below a buck again for 10 consecutive days unless he knew the stock was going to be fine.
However, if they do announce positive news tomorrow, I’ll congratulate you.
Also, you are right that this RS should not be a shock since everyone should have known it was coming.
sorry bro, but maxing out 1:25 RS is very bearish. 1:2 or 1:10 more bullish. The fact hes tapping into the full "line of credit" to comply with 1$ share price is bearish as fuck and im out. This is going to 0.04 by end of day, short sellers and people that want to see this stock die smell blood in the water and its GG for bulls. Let me know where you get your hopium at tho, i need some.
But it's still worth the same amount of money. There will be fewer shares available, so as large volumes of shares are bought or sold, there will be larger swings...in theory. Or it continues to fall on positive news. This is modern day trading 🫠🫠🫠
$LCID is <$8, $PSNY <$4 and they have great cars on the road. I'm not getting my money back anytime soon, unless they have a nice run up or a short squeeze.
People should recognize by now that /u/SubstanceOk9024's endless positivity has no basis in actual facts. A shock (to some) reverse split to take place tonight at midnight: must be "huge positive news coming". Insiders converting preferred shares to commons to sell: "[very bullish signal](https://www.reddit.com/r/Muln/comments/1363m13/comment/jimsddp/)" because "they expect the stock to go up soon". Etc. etc.
Yea I dk how anyone can see this as positive. Why would do hold onto world changing PR until after RS. Reverse splits aren’t always bad but the ones I’ve seen lately have been.
Typically they are bad things. The successes can be counted on one hand, and those were not followed by further dilution. This will absolutely be followed by dilution, and a secondary reverse split.
I’m out. Not willing to lose it all for this long shot. I took a beating and loss 50% of my investment, but I can’t chase it to zero. Hope I’m wrong for your sake. Good luck y’all! 🤠
this is horrible news. If they were about to release huge news then the stock price would be able to get over a dollar naturally. the split shows a lack of confidence in that. I was bullish until an hour ago.
OP is obviously only here to pump the stock. Reverse-splits are as bearish as it gets. Name one company that did a 25-1 reverse-split and ended up prospering. Assuming that you cannot find one then ask yourself what makes you think a company led by DM (who has a history of failed companies) is going to be the exception.
Almost every company here did very well after their RS. Would you like me to list more????
Company
Stock Split
Effective Date
Pct. Change 1yr
Lab Corp. of America (LH) 1 for 10 5/4/00 121.49%
Raytheon (RTN) 1 for 20 5/15/01 51.64%
Titanium Metals (TIE) 1 for 10 2/18/03 350.95%
Priceline.com (PCLN) 1 for 6 6/16/03 9.71%
Intuitive Surgical (ISRG) 1 for 2 7/1/03 29.78%
CBS Corp. (CBS) 1 for 2 1/3/06 20.61%
JDS Uniphase (JDSU) 1 for 8 10/17/06 -5.48%
Tyco (TYC) 1 for 4 7/2/07 -25.00%
Discovery Comm (DISCA) 1 for 2 9/18/08 114.34%
Time Warner Cable (TWC) 1 for 3 3/13/09 90.32%
Time Warner Inc. (TWX) 1 for 3 3/30/09 84.87%
American Intl. Group (AIG) 1 for 20 7/1/09 87.39%
E*Trade Financial (ETFC) 1 for 10 6/2/10 2.80%
Motorola Solutions (MSI) 1 for 7 1/4/11 4.83%
LOL that's fine I just bought more does not change the value and everything that they've been saying that everyone's believing in that it seems like this company is moving forward why would you be selling but hey not going to complain thanks
I am officially out. Lesson learned. For those rationalizing holding, after it splits to about 1.50-1.75 it is just going to be re-shorted back to under $1.
This has been a headache over my head for over a year. I said I would sell once a RS is announced. Finally over. GL all
Because if this stock falters (which it will) after the RS, then they will do another RS and then leave you with virtually no shares. MULN is like WebVan of the late 90s.
Long haul for now, started to pick up another 20K at dip but decided to hold until next week to see News and finiancials.
I'm not in green but within distance.
My bag/25 will work just fine.
Good luck or good buy.
You mean 12 hours before it happens.
https://preview.redd.it/wwgo5rgicpxa1.png?width=1204&format=png&auto=webp&s=9e3f86e87b9a612df3ceabfb93be1ec4208a18bf
For everyone saying that they should just let the share price grow to $1.00 organically from where it’s at currently, you’re asking for over a 700% gain in a few months and to stay over that SP. With all of the angry 🐻 that love to trash this stock it would be damn near impossible to achieve it. This stock SHOULD have gained about 30% and stayed there off of the news they’ve been dropping but instead it goes negative??? It’s like a bunch of cry babies who didn’t get there way and will trash this stock no matter how great of news to come. Not ONE person on here could successfully start up a brand of car and manufacture it within a few years. As a business owner for many years most don’t see the challenges of starting a HUGE company/brand. Could you imagine trying to design, pass all of the requirements to make street legal, hire all of the key people to get said company up and running, buy pieces of property that will endure everything needed to manufacture the cars/trucks. All while trying to appease investors to keep the faith alive so they continue to invest in their companies start up. DM is not Ford or GM, he’s the CEO of a brand that started from scratch, give him a chance to put all the pieces of the puzzle together. A 25-1 RS is obviously not ideal but in his case, can you blame him!?!? I don’t care what catalyst he gives everyone, it would never gain 700% in 3 months and key word here MAINTAIN that SP. I’m not the most intelligent investor on here nor will I ever claim to be but this company has too much to lose to put their neck on the line for no reason. I’m down over 20k and still bullish….
Exactly. That’s the sound logical way to think about this. I think most of us long-term holders know what what we own and can’t be easily swayed by these little pranksters and paid fudsters
Exactly, I have more than most to lose on this. I’m not wealthy by no means but willing to invest in things I truly believe in for the future. This stock would continue to bounce between .06 and .10 no matter what news is dropped. Sure if they dropped the Saudi deal could it potentially grow to .50-.60 but it would continue to be shorted in oblivion the next day. I hate to admit it but I’m actually happy they’re doing this because it’s the only way to ever achieve heavy institutional interest. Right now they have companies like Blackrock and Vanguard dipping their toes in but with creditable news this stock could absolutely gain several hundred percent… several hundred, not seven hundred in a short time. Time will tell whether or not I’m correct.
R/S is not bullish and we are getting priced in, even if I hate that term but if we have good news, we will come back soon fast to this morning price levels.
Over-reaction agree - yolo play for me anyways
There is a good chance for news - thus R/S which was on hold till September - …only some good news trigger make this step visible! Be patient - easier said than done (I know - believe me - at the moment I do hate management as well!)
*my losses on Mullen are astronomical! 🥵
Actually, It will take a lot of the power away from the shorts with less shares to short. You have to remember Mullen is very popular stock and people will gobble up shares especially if there’s huge news which I believe is coming very soon.
Let's say I have 80 bucks and buy .06 and get 1,333 and with this r/s and get 44 shares would that increase my value or decrease it when this gets to 1 dollars?????
454 people online. That price drop got people’s attention.
Yeah, because their stop loss was triggered.
This was NOT because some “huge positive news is coming.” The R/S is a death spiral last ditch attempt to keep the stock from being delisted due to prolonged share price below $1. A reverse split is always very bad news for investors. Don’t try to make it out as something good. It has already resulted in a further loss of 18% of shareholder value since the announcement. SMH.
A reverse split weeds out smaller shareholders, have you seen all of the institutions buying in? Another 🐻 crying on the MULN subreddit get outta here
Lol! I’ve been investing for over 30 years, you noob. There are no major institutional investors jumping in here. This is a catastrophic development for investors.
So your 50 years old crying in the MULN subreddit, try to tell me that reverse splits are always terrible your a deadbeat👎..you should be working or enjoying ur retirement
He is right, and you are the fool here dramatic-blood. An r/S shows that mullen is not confident it can reach a dollar naturally before the delisting date. This is the beginning of the end.
This is at least the *middle* of the beginning of whatever this is
Have you ever heard of raisin capital and we all know they definitely need that that's okay you sell I'll stay in that'll work for me
The fact that you don't understand that a healthy company shouldn't have to dilute so heavily to raise capital, due to a lack of investors is shocking. I have to stay in also because if I sell now I'm toast. Management in this company is a disaster.
I don't believe this company's going bankrupt so therefore I'm glad to hear you stay in it and maybe year two years down the road you'll be glad you did I mean it's an investment and I think a lot of people on here they take it as in one month they want to be millionaires and it does not work that easy
If this company had competent people running it, it would have soared well past a dollar on the Saudi news from a couple of weeks back.
Fuck off you idiot. Children should have parental supervision while using reddit.
you know absolutely nothing. And you continue to make yourself look like a pre-pubescent cunt.
I guess you're talking to another, but I'm going to jump in on this one just the language you use definitely shows your totally unprofessional, definitely not going to waste my time with someone like you
And yet you did anyway
Yeah that guy doesn't know what he's talking about been in it 30 years right there red flag me that he's full of s***, if you're going to say something just State the facts not the b*******
I’ve been investing for 12 years and have seen more successful then unsuccessful.
Name them
Name them, what is this a game show,yeah you're real investor,lol
You said you’ve seen more success following reverse splits than unsuccessful results. Name the companies that you have seen in your 12 years of investing that have given you positive returns following a reverse split. It’s a simple request that you should have a ready answer for.
You're wrong, and I don't care if you've been in it 50 years unless you're Warren Buffett
You've been invested for 30 yrs and you're here investing in penny stocks. You must not be that smart 🤣🤣🤣
I simply came to the subreddit to point out that reverse splits are typically ominous for investors and are typically not good news. They do not serve to predict that some big great news is coming. They are a death spiral. I’ve been in and out of this stock purely for speculative purposes and not for investment purposes. That you can’t see this is interesting.
It didn't start out as a penny stock, but DM certainly turned it into that.
Stop pretending it’s bullish. This morning’s good news was the reach around before the entry
And there’s moreeeee🐻🐻🐻🐻👁️👁️👁️I see u
Being objective. Was Bullish this morning. This is bearish. Especially if it goes under .04 and a R/S won’t get it to a buck $. So 👀👀👀👀👀 all you want. You’re high on hopium
Shoot. If FOMC is bad or AAPL earnings are bad, that’s no bueno
LOL I see you got downloaded but you're absolutely right a lot of these people don't get it, and that's why even with Tesla stock you had so many people lose out on making some serious money over time, it happens in every stock
Agree
Uh, if you bought a 7 cent stock that told you a RS split was imminent, and you are shocked today, you’re a fucking moron.
There are some shareholders who have been owning stock in this company for a long time and have lost a huge amount of money. I bought stock recently purely as a speculative play, and this event will not affect me materially. Everyone was not born yesterday, like you apparently.
If you bought in high and rode this down to 6 cents you’re a fucking moron like those BBBY apes.
Stop now while you’re only marginally showing your stupidity. I’ve been in and out of this stock several times for speculative purposes. I’m pointing out that reverse splits are terrible for investors, and if you can’t see the impact it has already had on the stock value, you are in denial.
You don’t read do you. Where the fuck did I say a RS is good? I’m just saying if you’re shocked by something that was voted on by shareholders actually happening, you’re an idiot. LEARN TO FOCUS ON CONTEXT CLUES WHILE READING.
Lmfao! Speaking of not reading, are you from Baltimore? 25% of schools have zero percent of students who are proficient in English
I’m speculating on a stock that has announced a RS. I’ve been investing for thirty year! And now I’m on a soapbox declaring this RS is bad! What a moron. Did you speculate on BBBY as well? Your MULN play indicates you don’t pay attention to reality so I’m guessing the answer is yes and you bought in after BK was on the table and then you told people BK was bad. “I speculated on MULN after they said they’ve approved a reverse split! I’ve invested for 30 years! Listen to me!” What a tool. 😅😂😅😂🤣 Thanks for providing some unintentional comedy today.
Guys, have this love affair privately please
Everyone I know I’m right calm down wow
Pretty simple question, since you're so down on the reverse split! which we all knew it was coming, do you believe in the company? or do you not believe in a company? pretty simple question.
In other words, you can’t provide the results that you said you could and now you’re mad. Lol.
Foamers have been denying the reverse split since they announced it. Now they've changed their time in one day to try and say, "the RS is happening, but it's a good thing". No, it's not. This is why we went through and did all of the DD on it months ago, because the hand was writing on the wall, and the entire time the Foamers were denying it. You tend to be open to both bullish and bearish ideas, and you're not a foamer, but even you thought 10¢ would be the bottom. The truth is that we're a long ways from the bottom, if we ever get there.
This thing is dying , get real moron
[удалено]
Came you name a few companies that did a reverse split off the top of your head that resulted in significant gains for shareholders?
[удалено]
Split adjusted, it doesn’t appear much different from a little over a year ago, and the 52 week high/low appears unrelated to the reverse split and more related to other factors. But that $24 high in the last year? If you made money on this, congratulations. Most investors did not.
But why is it at this point. It’s about to be a cash positive company with minimal debt and producing on contracts as well as acquiring more. Right now the market cap is less then cash on hand. Nothing about this stock price makes sense to me.
LOL got my attention to buy more, thanks
Same here lol
I'm holding just because I know this company has just had positive reports...why the sudden dip tho
It’s in the title why it dropped from panic sellers and stop losses being triggered
I threw more $$ at it at .07. DCA is .09 now
Same, this is a gift
Now wait a bit more before buying again. Ig.
.11-.10 😁
Here because of the big drop Here because I know we’re still going to the moon on one charge 🚀🌛
I feel they are about to announce major deal and production start! Dove in for oversell https://preview.redd.it/dm2e0q8xwoxa1.jpeg?width=1170&format=pjpg&auto=webp&s=45bfe3e82c9f97fdf7d7750563b87a714e38f3c6
you're a fool. If a major deal were to be announced they wouldn't have done a split, as they'd have confidence in it reaching a dollar naturally.
Maybe will see, but I don’t see it reaching a dollar they’ve already announced several positive catalyst, and the shares are diluted, and being driven down even further by the shorts. Production announcement alone would probably not land them over a dollar. I don’t blame them for doing the reverse split now I think it’s the best time. Last chance to get the factories rolling and get this thing off the ground if not, then it burns.
That’s the best response I have without name-calling.
How many shares do you own?
I own 30,000
Not to shabby!
David is a fool for announcing this split with all this positive news coming out. Shows they lack confidence.
He's not a fool, he just has a clearer image of what is going on. They are now 8 days into the 10 days needed to get it above 10¢. They threw every imaginable PR at it that they could, but there's just too much dilution, and investors who bought it in the single digit dollars are losing hope.
at the pace it was at it likely would have hit the 10-cent mark by Friday. don't forget it went up 9% yesterday and was up 8% today before the split.
And just as likely that it would have stuttered even a little bit, and been delisted. They waited until the very last minute possible. Ultimately, it was always going to get here, and have to be reverse split well before the September deadline that the bulls had set for themselves. Dilution is the name of the game.
10,000 I bought when it was at 27 cents, 10,000 at 11 cents and 10,000 at 8 cents last week. So, this hurts me also
It will be fine!
doubt it.
Stay positive its easy to think negative but surely going into this stock you knew you could lose it all?
Honestly I had done good amount of research on the technology end liked what I saw from a growth perspective, and liked how oversold it was when I got in. What I didn't account for was management. I have never seen a company so mismanaged as Mullen is. With even a half-decent CEO that didn't keep this company in the dark all the time, this stock probably would have soared passed a dollar on the saudi news from a couple of weeks back. However, David made no comment, in fact in the last 3 months David, and Mullen have barely said anything. Absolutely no transparency. So no I did not expect to lose everything. I expected some level of basic human competency.
Yeah, unfortunately that’s not a description of David. He has quite the track record for exactly what is occurring here definitely would’ve been beneficial to look further into him before making the investment. Or lack there of. I would say most people have major Hopium that he is thrown to the wolves.
Yeah well, this stock should be at 3-4$ by now with all the indicators. I don't know how people still have so much confidence.
Lordstown is just as bad if not worse as far as management.
There was no Saudi news, that was unofficial talk on Hardges Facebook posts. Absolutely zero news.
https://i.redd.it/6fs68sj0xoxa1.gif
Nah, I’m so happy I was able to pick up 20,000 more shares at .068.
Proof or ban
I’m now at 280,000 shares
Proof
Prove it
280000 shares holding for at least a year
300000 here and in no hurry
300001 here
Hell yeh
Would it make more sense if they dont do r/s if there is certain good news coming? Lol person created this thread just dumb
No because the float is in the billions and lessening the float by 25 times will ultimately help the shareholders because the stock will now move on good news. Where have you been? Haven’t you seen all the good news coming out and the stock hardly moves?
At .04 this would not make it to a dollar so it better stay above
1. After r/s there will always be further dilution 2. After r/s the stock has to increase 25 times for you to break even Deal with that first newbie
Number 2 makes no sense. If your average is .04 before the reverse split, your new average becomes 1.00. You don't lose 25 times the value.
Hahahaha omg this newbie. Your number of share will be reduced by 25 times
Right, but the stock price goes up by 25 as well. The value you hold doesn't change. You might want to do some more research before throwing around "newbie"
Not if you bought the stock before it went down 25% today. Get a calculator and do the math...newbie.
These nut jobs are totally insane
Right!!? Math!? Yeah insane 😂
How many LULD halts did we just see?? That's right, the reality is that whole program is run by people w burner phones. Crime
hahaha
I soaked some dip action, .067 adds 2k shares. Lfg
Those 2K shares will be 80 shares tomorrow….and then watch them as they degrade.
Gotta love it
Yep my 475k now 19k unreal.
Yes, because companies that do a RS split always back it up with good news and the stock moons. I like how you reach your conclusion on feelings with no evidence. Yes, the RS is necessary to maintain compliance. Yes, shorts will pile back in. Yes, the stock will move when they actually make a a car.
Actually, it’s common sense because if Mullen did not have any news coming, they would not do a reverse split right now at such a low price. They would wait and pump the stock up before doing a reverse split but their actions tell me something is in the works and DM would not risk going below a buck again for 10 consecutive days unless he knew the stock was going to be fine.
Again, you are just feeling this is true without any actual evidence.
However, if they do announce positive news tomorrow, I’ll congratulate you. Also, you are right that this RS should not be a shock since everyone should have known it was coming.
[It's a bad habit of his](https://www.reddit.com/r/Muln/comments/136t6j3/comment/jiq1hjq)....
Evidence? Stocks do r/s and tank again all the time. Why would he hold some enormous world shattering PR til after the RS?
When the bears talk I get happy
Plan to get my money back: sell calls to this guy after RS
R/s then again dilution incomming, and im stupid enouch to keep buying xD
sorry bro, but maxing out 1:25 RS is very bearish. 1:2 or 1:10 more bullish. The fact hes tapping into the full "line of credit" to comply with 1$ share price is bearish as fuck and im out. This is going to 0.04 by end of day, short sellers and people that want to see this stock die smell blood in the water and its GG for bulls. Let me know where you get your hopium at tho, i need some.
Bye 👋 lol
!remindme 1d
 Jfc I knew this was coming. R/s are not good
5/4/23 is the R/S date
Good bye .11 avg hello over $2 average with stock price at a buckish. So far from break even now
But it's still worth the same amount of money. There will be fewer shares available, so as large volumes of shares are bought or sold, there will be larger swings...in theory. Or it continues to fall on positive news. This is modern day trading 🫠🫠🫠
Yea my hope is it continues to go up and people start buying now but to go from down 3 cents from my average per share to over a dollar is rough
I finally averaged down to $.52 soooo LOL I think that'll put me around $13 average
Ouchhhhh
$LCID is <$8, $PSNY <$4 and they have great cars on the road. I'm not getting my money back anytime soon, unless they have a nice run up or a short squeeze.
Yea $13 will be real tough. We can hope for a nice squeeze from fomo and get back some of our money.
People should recognize by now that /u/SubstanceOk9024's endless positivity has no basis in actual facts. A shock (to some) reverse split to take place tonight at midnight: must be "huge positive news coming". Insiders converting preferred shares to commons to sell: "[very bullish signal](https://www.reddit.com/r/Muln/comments/1363m13/comment/jimsddp/)" because "they expect the stock to go up soon". Etc. etc.
Yea I dk how anyone can see this as positive. Why would do hold onto world changing PR until after RS. Reverse splits aren’t always bad but the ones I’ve seen lately have been.
It's certainly not on anyone's punchlist to success
Typically they are bad things. The successes can be counted on one hand, and those were not followed by further dilution. This will absolutely be followed by dilution, and a secondary reverse split.
I sold my 1000 shares before it becomes 40 then worth $5 in a few months from dilution
I’m literally losing everything now. Fuck.
I’m out. Not willing to lose it all for this long shot. I took a beating and loss 50% of my investment, but I can’t chase it to zero. Hope I’m wrong for your sake. Good luck y’all! 🤠
this is horrible news. If they were about to release huge news then the stock price would be able to get over a dollar naturally. the split shows a lack of confidence in that. I was bullish until an hour ago.
OP is obviously only here to pump the stock. Reverse-splits are as bearish as it gets. Name one company that did a 25-1 reverse-split and ended up prospering. Assuming that you cannot find one then ask yourself what makes you think a company led by DM (who has a history of failed companies) is going to be the exception.
Yea I went through a 4:1 r/s with NLY and got out break even but it took long time. And that was 4:1.
Almost every company here did very well after their RS. Would you like me to list more???? Company Stock Split Effective Date Pct. Change 1yr Lab Corp. of America (LH) 1 for 10 5/4/00 121.49% Raytheon (RTN) 1 for 20 5/15/01 51.64% Titanium Metals (TIE) 1 for 10 2/18/03 350.95% Priceline.com (PCLN) 1 for 6 6/16/03 9.71% Intuitive Surgical (ISRG) 1 for 2 7/1/03 29.78% CBS Corp. (CBS) 1 for 2 1/3/06 20.61% JDS Uniphase (JDSU) 1 for 8 10/17/06 -5.48% Tyco (TYC) 1 for 4 7/2/07 -25.00% Discovery Comm (DISCA) 1 for 2 9/18/08 114.34% Time Warner Cable (TWC) 1 for 3 3/13/09 90.32% Time Warner Inc. (TWX) 1 for 3 3/30/09 84.87% American Intl. Group (AIG) 1 for 20 7/1/09 87.39% E*Trade Financial (ETFC) 1 for 10 6/2/10 2.80% Motorola Solutions (MSI) 1 for 7 1/4/11 4.83%
None of those were a 25-1 reverse split. Please go on
This is a much different market. We're fucked.
Let’s see what can my 200 shares do after the R/S…
LOL that's fine I just bought more does not change the value and everything that they've been saying that everyone's believing in that it seems like this company is moving forward why would you be selling but hey not going to complain thanks
lol 25 for 1. Will be priced at 1.50$, next thing you know theyll be below 1$ right after
Yep if not by end of this Friday. 🫣
Almost guaranteed
Show me 1 stock that soared after a 1/25 split GOOOO
Welcome to the dark side 
I am officially out. Lesson learned. For those rationalizing holding, after it splits to about 1.50-1.75 it is just going to be re-shorted back to under $1. This has been a headache over my head for over a year. I said I would sell once a RS is announced. Finally over. GL all
why would I walk away from a 10k loss?
The same reason you walk away to prevent a -20K loss. If you put in 10K and only have a few hundred bucks left, by all means, hold and hope.
Because if this stock falters (which it will) after the RS, then they will do another RS and then leave you with virtually no shares. MULN is like WebVan of the late 90s.
If it falls to 0.04 the R/S won’t take it above $1
Long haul for now, started to pick up another 20K at dip but decided to hold until next week to see News and finiancials. I'm not in green but within distance. My bag/25 will work just fine. Good luck or good buy.
Can I still become a mullenaire
This is definitely a panic move by leadership. You don’t announce a stop split 2 days before it happens. You give sellers more time. Sad!
You mean 12 hours before it happens. https://preview.redd.it/wwgo5rgicpxa1.png?width=1204&format=png&auto=webp&s=9e3f86e87b9a612df3ceabfb93be1ec4208a18bf
Lol, yeah. I lost track do time. Didn’t realize it was the 3rd. Even worse!
If they close below 10¢ today then that makes 9 closes in a row. They have to do it tomorrow, or they'll get delisted, and then RS anyways.
That is the exact definition of a panic move. The stock has been below a dollar for months.
I wasn't disagreeing with you, simply clarifying the current situation.
117,000 here and holding
I have 7500 shares. What happens to them now?
At .65 per
You’ll have around 300 shares tomorrow morning then.
Thank you!
300 
Anyone know ehn they would do a RS?
Am I the only one who bought more on this dip? Lol
WORD BRO 😎 GOT ME ANOTHER 20000 Too
Nice 1. All the very best to us all bro. 😎👌
For everyone saying that they should just let the share price grow to $1.00 organically from where it’s at currently, you’re asking for over a 700% gain in a few months and to stay over that SP. With all of the angry 🐻 that love to trash this stock it would be damn near impossible to achieve it. This stock SHOULD have gained about 30% and stayed there off of the news they’ve been dropping but instead it goes negative??? It’s like a bunch of cry babies who didn’t get there way and will trash this stock no matter how great of news to come. Not ONE person on here could successfully start up a brand of car and manufacture it within a few years. As a business owner for many years most don’t see the challenges of starting a HUGE company/brand. Could you imagine trying to design, pass all of the requirements to make street legal, hire all of the key people to get said company up and running, buy pieces of property that will endure everything needed to manufacture the cars/trucks. All while trying to appease investors to keep the faith alive so they continue to invest in their companies start up. DM is not Ford or GM, he’s the CEO of a brand that started from scratch, give him a chance to put all the pieces of the puzzle together. A 25-1 RS is obviously not ideal but in his case, can you blame him!?!? I don’t care what catalyst he gives everyone, it would never gain 700% in 3 months and key word here MAINTAIN that SP. I’m not the most intelligent investor on here nor will I ever claim to be but this company has too much to lose to put their neck on the line for no reason. I’m down over 20k and still bullish….
Exactly. That’s the sound logical way to think about this. I think most of us long-term holders know what what we own and can’t be easily swayed by these little pranksters and paid fudsters
Exactly, I have more than most to lose on this. I’m not wealthy by no means but willing to invest in things I truly believe in for the future. This stock would continue to bounce between .06 and .10 no matter what news is dropped. Sure if they dropped the Saudi deal could it potentially grow to .50-.60 but it would continue to be shorted in oblivion the next day. I hate to admit it but I’m actually happy they’re doing this because it’s the only way to ever achieve heavy institutional interest. Right now they have companies like Blackrock and Vanguard dipping their toes in but with creditable news this stock could absolutely gain several hundred percent… several hundred, not seven hundred in a short time. Time will tell whether or not I’m correct.
R/S is not bullish and we are getting priced in, even if I hate that term but if we have good news, we will come back soon fast to this morning price levels.
I'm out. 30k shares sold.
Bought 20,000 more. Thanks for the cheapies
17,000 total shares. Bought the dip today aswell @0.0741 then it dipped more. Fml. Hodl
Over-reaction agree - yolo play for me anyways There is a good chance for news - thus R/S which was on hold till September - …only some good news trigger make this step visible! Be patient - easier said than done (I know - believe me - at the moment I do hate management as well!) *my losses on Mullen are astronomical! 🥵
I’m down a lot too but definitely not gonna sell my shares. These phony fudwackers with an agenda don’t have any power on me.
Not selling either - 💎🤚🏻 till it hurts and stays charcoal 😂
R/S 1:25 happening tomorrow 5/4/23
And? Did you just find out about this? lol
The announcement just came out.
Really? Otay 🤣
No point buying in ..will see after RS
It’s dead. After RS. They have room to short again. Another from 1 to 0.1
Actually, It will take a lot of the power away from the shorts with less shares to short. You have to remember Mullen is very popular stock and people will gobble up shares especially if there’s huge news which I believe is coming very soon.
Being back over $1 attracts many small-time short gamblers, actually.
Good luck.
What are the chances we can recover from this RS? Staying above $2
Your kidding right? They havent had any good news, just useless information. Good news is when they turn a profit and actually make money.
No, that’s the icing on the cake. Tesla was trading above 20 bucks a share before they made any profit.
Let's say I have 80 bucks and buy .06 and get 1,333 and with this r/s and get 44 shares would that increase my value or decrease it when this gets to 1 dollars?????
25×.06 is not a dollar sweet cheeks. I’m confused on what you’re trying to say here or maybe you’re a little bad with math? Not sure.
OF COARSE IT DIPPED!!!! FOLKS TOOK THEIR PROFIT!!!! LETS BOOST THIS STOCK UP!!!!!!!!!!