ahmunir 0
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do not listen to these bears hold tight is going to cross 2.50
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I bought 10,000 share $.53 waiting for a spike. Do you have any ideas please share your Idea.
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I got my 10,000 shares let’s go.
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This is a bear trap
Don’t worry whatever they say about Bag holders. It is a bag of gold will pay off and soon they will realize that. -
Any idea if this go back to $5+
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Buckle up guys let’s go to the moon I got 5000 shares.
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Don’t listen to this Scammer he’s just scamming you guys there’s no job this thing’s gonna go above .30 $.40 on Monday
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guys, same thing I said to BTTR yesterday before it run crazy to $.27 from $.15. EZGO even crazier than that. because of 1.5 million sales.
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Stupid Bears stop dreaming. This will go 0.20+ in a matter of minutes.
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Get ready guys after market is going to be amazing 🤩 dollars dollars
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Got it at 6.64
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Ault Alliance Just Made a Huge Bet on Mullen (MULN) Stock
2023 could be an exciting year for Mullen Automotive
1h ago · By Eddie Pan, InvestorPlace Assistant News Writer
Ault Alliance (AULT) has disclosed ownership of 71.96 million shares of Mullen Automotive (MULN).
Ault is now the largest stockholder of the company.
MULN stock is down by over 5% today.
MULN stock - Ault Alliance Just Made a Huge Bet on Mullen (MULN) Stock
Source: Ringo Chiu / Shutterstock.com
All eyes are on Mullen Automotive (NASDAQ:MULN) today following the electric vehicle (EV) company’s fourth-quarter earnings, an offering of securities and the resale of up to 2.49 billion shares of common stock. That has overshadowed Bitcoin (BTC-USD) technology company Ault Alliance (NYSEMKT:AULT), formerly called Bitnile, taking a major stake in MULN.As of Dec. 31, Ault owned a total of 71.96 million shares of Mullen, equivalent to a 4.07% ownership stake. That cements Ault as the largest stockholder of the company, according to Whale Wisdom. Ault last reported a stake of 2.41 million shares. Bollinger CEO Robert Bollinger trails in second with ownership of 51.07 million shares as of Q3.
Ault Alliance Bets Big on MULN Stock
Ault’s significant position cements its conviction in the early-stage EV company. The company seems to be making strides, such as recently delivering its Go vehicle, formerly called the I-Go, to Newgate Motor Group in Ireland.
There seems to be risk inherent in Ault’s bet, however. During Q4, Mullen reported a net loss before accrued preferred dividends and non-controlling interest of $378.46 million dollars, down from a loss of $156.06 million a year ago. Meanwhile, weighted average shares outstanding as of Dec. 31 totaled 1.36 billion, up from just 17.47 million shares year-over-year (YOY). That spells heavy dilution for shareholders.
At the same time, Mullen’s majority acquisition of Bollinger and purchase of Electric Last Mile Solutions’ assets bolsters its commercial portfolio. These acquisitions require significant payments, although CEO David Michery believes they will pay off in the future.
The deadline for 13F investors to file their quarterly update was yesterday. As a result, we can take a look at how other investors traded Mullen during Q4. Vanguard tallies in as the third-largest stockholder with a 45.67 million share stake. The exchange-traded fund (ETF) provider reported adding 23.07 million shares during Q4. BlackRock (NYSE:BLK) is also a major stockholder with ownership of 26.42 million shares. BlackRock acquired 137,059 shares during Q4.
It’s not known what Ault plans on doing with its position, such as becoming an activist investor for the company. Still, the big bet symbolizes a high degree of confidence.
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Get ready Guys this shit will fly today.
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