Bubae
2日前
I would focus on those heavily subsidized Chinese trucks while it lasts. They will cut this shite out at the federal level soon. However, it is my hope is that the California taxpayer continues to get fleeced. The sooner California goes broke the better. Have to believe that investors will wise up sooner or later.
California Issues HVIP Approval, Granting Bollinger Motors, Class 4 EV Truck a $60,000 Cash Voucher Per Vehicle Sold
PR Newswire Mon, November 18, 2024
https://finance.yahoo.com/news/california-issues-hvip-approval-granting-143000965.html
Under HVIP, the Bollinger B4 electric truck, with a suggested MSRP of $158,758, now qualifies for a rebate of up to $60,000
When combined with the available $40,000 federal tax credit, the net effective cost of the Bollinger B4 would be less than $60,000
Bubae
2日前
The daily press release is in. Hey, they aren't burning through your monthly trading losses quite as fast as they used to. That is good right? 🙄 Come on just one more reverse split should do it. Really, just one more. 😆 Watch those EV subsidies secured by more government borrowing dry up after January 20th. Especially for this tax payer subsidized, Chinese supplied EV maker.
Mullen Announces 100 Class 1 and Class 3 EV Shipments with Sales Totaling $5.5M Through Dec. 18, While Reducing Company Burn to $5.3M Monthly Compared to $16.8M in August 2024
December 18, 2024 09:20 ET | Source: Mullen Automotive, Inc.
https://www.globenewswire.com/news-release/2024/12/18/2999130/0/en/Mullen-Announces-100-Class-1-and-Class-3-EV-Shipments-with-Sales-Totaling-5-5M-Through-Dec-18-While-Reducing-Company-Burn-to-5-3M-Monthly-Compared-to-16-8M-in-August-2024.html
Company has reduced monthly burn from $16.8M in August 2024 to $11.8M in September 2024 and to $5.3M in October and November 2024
Bubae
6日前
You would think that there would be a note in Q2 explaining the more than $1.2 million in shares to the Chief Accounting Officer Chester Bragado. A search of the Q2 filing PDF for the persons position or name returns nothing. I do see a line item on page 6, "Share-based compensation" for $68,391,614 for the three months ended June 30th. This for a company that receives heavy subsidies from the tax payers? It is a good thing we passed the so called "Inflation Reduction Act" or these poor deprived EV companies would really be struggling. 🙄 These insiders do very well fleecing tax payers AND those who buy a stock that is constantly splitting. Is it any wonder why the U.S. runs a nearly two trillion dollar annual deficit?
For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000143774924026065/muln20240630c_10q.htm
California Issues HVIP Approval, Granting Bollinger Motors, Class 4 EV Truck a $60,000 Cash Voucher Per Vehicle Sold
PR Newswire Mon, November 18, 2024
https://finance.yahoo.com/news/california-issues-hvip-approval-granting-143000965.html
Under HVIP, the Bollinger B4 electric truck, with a suggested MSRP of $158,758, now qualifies for a rebate of up to $60,000
When combined with the available $40,000 federal tax credit, the net effective cost of the Bollinger B4 would be less than $60,000
Electric vehicle subsidies take cash from ordinary Americans to benefit the rich
https://www.foxnews.com/opinion/electric-vehicle-subsidies-take-cash-ordinary-americans
Democrats' Inflation Reduction Act includes another lavish EV subsidy for the rich and famous
https://www.foxnews.com/opinion/electric-vehicle-subsidies-take-cash-ordinary-americans
Bubae
7日前
New 8K out. Why anyone would continue to play with this stock defies common sense. See page 43 and 44 of the Q1 referenced in the 8K.
FORM 8K December 12, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000182912624008313/mullenautomotive_8k.htm
Item 3.02 Unregistered Sales of Equity Securities.
The disclosure required by this Item is included above in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference. The issuance o the Notes and Warrants have been, and the issuance of additional Notes and Warrants pursuant to the Additional Investment Rights Agreement will be, issued, and upon conversion or exercise thereof, as applicable, the shares of Common Stock will be issued, pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act.
Google AI Overview
"Pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act" means that a company is selling securities without needing to register them with the SEC because the sale is considered a "private placement" - a transaction where securities are offered to a limited group of sophisticated investors and does not involve a public offering, as allowed under Section 4(a)(2) of the Securities Act of 1933.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001499961/000143774924016668/muln20240331_10q.htm