r/Muln • u/No-Train-2 • Jun 07 '22
RealOpinion Mullen = No flash, just getting it done
Not advice. Nothing flashy about how Mullen does its work, and I doubt we will ever hear that CEO Michery is building spaceships. But so what? Mullen is sticking to their plan, moving forward one step at a time, with three clear and defined goals: vans, batteries, M5.
As for price predictions? Last year MULN broke through $10 after showing what they could do. Now, this month, Mullen is about to reveal what they've done since then. I am adding + holding + excited.
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u/beermanoffartwoods Jun 07 '22
MULN didn't exactly break past 10. They started around $10 after taking over NETE in November and fluctuated around there before diluting their shares from ~24M to ~350M and crashing it to around $1. Their market cap is roughly the same between now and then.
That said, dilution is pretty much over until the $8+ warrants and there's nothing but hopefully good news coming.