MULN Stock $MULN - Mullen Automotive Inc - MORE TRUTH - Social media keeps lying ! UPDATE

MULN Stock $MULN - Mullen Automotive Inc - MORE TRUTH - Social media keeps lying ! UPDATE

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a standard lithium-based cell and you put a torch to it it's going to explode like a bomb what's up investors and welcome back to the channel today i want to talk about mul in stock modern automotive this is the video that i've been most requested to do over the past month as you can see here over the past six months this stock has dropped like a rock and then began to gather a lot of retail investor interest based upon pure hype and speculation i made a video right here warning investors about this stock and the level of lies being spread across social media but was i wrong since i made that video the stock went on an upward trajectory and the share price is still up over 200 percent so the simple question is was i wrong about mullin automotive well i will straight up admit that the timing of this video was raw so many times you will see people buying and chasing these stocks that have already made huge gains and then get left holding when the price begins to drop i literally warned people about the dump before the pump had even occurred so was i wrong about what i said about mullen no i was not i warned about all these red flags that are there but i also stated clearly that i would not touch this stock either long or short because anything can happen when you have such an extreme level of retail interest and lies being spread in this video i will explain to you why this is one of the stocks that you should avoid at all costs and why the story that you were being told across stock twits discord and youtube about the company being grossly undervalued is simply quite wrong if anything this talk is grossly overvalued and will continue to drop all the way back down and i will explain everything in this video now i know a lot of you won't like to hear what i have to say about mullenstock but sometimes the truth hurts but if you do like this video then smash the like button and consider subscribing if you disagree with anything that i say leave me a comment and tell me how you think that i am wrong i would gladly tell you the facts to back up what i say as always this is not financial advice i am not a financial advisor now let's get into it so as of today yet another law firm has announced that they are investing claims on behalf of investors of mullin automotive concerning whether mullen and certain of its officers and our directors have engaged in securities fraud or other unlawful business practices now this comes on the back of a recent short seller report released by hindenburg research now first of all i have to say a few things about hindenburg these guys are generally hated by retail investors the fact that they're short sellers is bad enough but then they are being investigated about their short seller activities too just because they are not liked does not mean that they are wrong personally i feel that they are right in this case now let me be clear i do not like shorts i've never shorted a stock in my life and i still won't so hindenburg research called mullen among the worst electric vehicle hustles that hindenburg has ever seen comparing it to nicola and lordstown motors hindenburg observed that despite only spending three million dollars in r d in 2021 mullin claims its solid state battery technology is on track for commercialization in 18 to 24 months putting it ahead of every major technology and automator and automaker in the industry who have collectively invested billions now look at this this was mentioned in my last video r d cost includes an impairment charge in the amount of 1.1 million dollars for the three months ended december 31st 2021 r d expenses primarily consist of costs associated with the development of the mullen5 showcare now i highly doubt that the remaining 2 million has been solely spent on battery development and then they are suddenly stopped in terms of the ev industry they have spent pennies on r d but they claim to have the most state of the air technology in the world just listen to this from david mitchey himself in his recent interview our solid state polymer battery we rated it at 300 amp hours we tested it here in the us tested at 343 amp hours at 4.3 volts i'm going to put it in perspective for you that is literally unbelievable i mean to the point to where the united states department of energy was like amazed with the results more importantly than those results degradation here's here's the key that the other guy didn't key on degradation when you take a typical lithium cell that's either lithium sulfur lithium ions you know phosphate lithium magnesium cobalt you take any standardized chemistry degradation after 5000 cycles is about 80 percent degradation after 100 000 cycles on our solid state polymer cell was two percent meaning a flat line across two percent that is where you have what we call the paradigm shift right that to me is the difference now let's talk about safety you could take a torch right i heard some comments about heat and 1000 degree listen here's the bottom line you could take a torch and burn a hole right through our cell and we have test demonstrating that put a hole right through it nothing will happen you take a standard lithium-based cell and you put a torch to it it's going to explode like a bomb you take a standard cell and you throw it in some salt water watch what happens you have a pretty nice fire you take our salad you dip it in some salt water leave it there for a couple days take it out hook it up it works fine so not only is it safe when it comes time to repurpose it or it comes time to dispose of it it's not considered dangerous goods and that's the key here so it's safe it's efficient and it costs about 50 less than standard chemistry to produce and it occupies 50 of the space so all i think are you know hey this this could be a major paradigm shift wow we are talking about the greatest battery tech the world has ever seen produced for only a couple of million dollars this really makes me wonder what other companies are spending their billion dollar budgets on over at tesla elon musk has become the richest man in the world he has revolutionized the ev sector for over a decade in his spare time he's either managed to revolutionize space travel putting costs tenfold and even make reusable rockets but despite massive billion dollar or d budgets could not do what mullen have managed to do with only two million dollars the hindenburg report also alleged that the ceo of ev grid refuted a press release issued by mullen regarding test results for its battery stating we would never we would never have said that we never did say it and certainly wouldn't have said it based on the results of testing that battery now over the past week i've been getting a lot of comments again saying that it was proven that the hindenburg report was wrong and that ev grid's ceo tom gage has come out in an interview and has said that hindenburg lied so let's take a look at what was actually said but your thoughts on the hindenburg reporter do you want to comment at all about it well sure i i did look through the report and uh he covered a lot of ground but i want to clarify when he called me um i i did remember testing it but i couldn't remember the results or how we tested it or or or when actually but i did find the report that we submitted to mullin on the testing and it was a legit test test results we got showed that the battery had 343 amp hours of capacity which is which is a lot of capacity for a single cell but again it was a very large in physical size so i think the results are believable we only did one cycle on the cell because our equipment was for uh lower current testing so that one cycle took almost 30 hours so it was a very slow discharge which uh tends to give you a larger capacity but i think the capacity is legit the number we have is legit for a slow discharge so we did test the battery um for mullen we were work some other packs for them and and they delivered uh this this one cell for us to test which we did test and we can talk about the results of that um the 600 mile number i mean that's just uh that's a number that depends on how big the car is how big the battery is and how efficient uh the drivetrain and aerodynamics are so it's quite possible to do it um until it's done under you know um observed conditions you don't really know what you're talking about but uh if you put enough battery in a car it can go 600 miles if you put enough battery in a car it will go 600 miles well that could be said about any ev battery modern have provided one cell for one cycle yet as we've seen a moment ago david mitry was talking about his batteries doing 100 000 cycles first of all this was a very large battery in physical size being tested with equipment not designed for this level of current and the discharge was over 30 hours now it's no secret that the harder you drive a vehicle the more energy that will be used whether that is an ev or a petroleum-based vehicle so i don't feel that a slow burn over 30 hours gives a true reflection if the results are that fantastic why have mullen not brought tom gage back in to do a full test using the correct equipment and make a huge press release out of it surely that would make sense if the technology is so groundbreaking then this will provide huge confidence in the stock and it would really shut me up about their technology too like only this week nasa and nissan are teaming up to develop better solid state batteries but why should they bother mullen's technology is already miles ahead now one thing that i forgot to mention is that hindenburg opened a short position in this stock before issuing the report and that has got a lot of people giving out about manipulation in the stock market but is it really that surprising ask yourself is it really that much different from all youtube videos from major youtubers doing due diligence about stocks that they have in their portfolios drop me a comment and let me know what you think about finance youtube in general do you find it helpful or do you think that everyone has a hidden agenda but before this hindenburg short report was even issued in that interview with benzenga david misery also talked about a huge contract for their class one vehicle with a fortune 500 company i am seeing a lot of questions just about the vans do you have an update on the vans sure um again we released the public information not too long ago that we're going to be delivering our class one vehicle uh in the second quarter of this year we're excited about that we can't disclose to who that hasn't been publicly made available yet but we plan on doing that shortly and we plan on announcing that it is a very large company that is going to buy a lot of these vehicles uh we feel that we have a great product we feel that uh this product is going to be very competitive and it's competitive in a time when people can't really get product and we'll have product to deliver uh what's nice about what we're doing we're doing it here in america we're doing it in tunica mississippi and we're we're going to show the world that uh you know the dependency on outside entities no longer exist we can do it ourselves here in america uh are is is that is that order confirmed that's not like a pre-order right that's like it's not that's like a science field we're actually building for them so okay uh we're excited we're gonna deliver the pilot vehicles to them in the second quarter as we stated and that we're excited about it uh this is a major major um fortune 500 company i'll put it i'll put it that way now this interview sent the stock soaring on the day but it has been falling back since then so why is that well first of all there is no money being spent on manufacturing in the company's recent financials so how the hell are they going to develop these vehicles if they have not been manufacturing them so here are some very interesting information that was provided to me in the comments of my previous mullen stock video this is the mullen class 1 vehicle van from the mullen website and this is the yangxi electric cargo van in the chinese city of wuhan this is identical right down to the wheels something that david mitchelly spoke about when it came to the mullan 5 was the focus on the wheels so it's interest that they put no focus at all into the wheels of the cargo van then we have the class 2 van this has nicer wheels but wow doesn't this look familiar too here is the thai thing hakkai which is also in china this looks identical and there is a reddit post here discussing this fact which is worth checking out if mullen has actually developed this van the mullins should seriously be suing these guys this is exactly the same design it's the same van but mullen are 100 american and will not be using chinese vehicles right well we'll use suppliers domestically our focus really is to create a supply chain that consists of companies located here in the us and and not have a dependency on chinese or foreign entities that would potentially restrict the flow of not just chips but any type of products that we would use in our vehicle the entire ecosystem from beginning to end for us meaning mullen not not just the industry is going to be american not only are we going to build this car in tunica mississippi we're also going to create the supply chain from detroit all the way down into florida right down that automotive corridor which leads me on to another comment from one of my viewers this is the mullin dragonfly the high performance sports care which is on the website says coming soon and this is an article from june 2020 all in banks on chinese electric sports care and going public as we know the going public bit has already happened back in november and mullen maintains that the model will arrive in the us in the second quarter of 2021 but it also plans to sell a battery electric suv called the mx-5 in the second or third quarter of 2021 all of these models have a common trend they are currently developed or under development and sold in china mullin claims that its business model reduces vehicle development from the industry standard 4 years down to 17 months 17 months would have been q4 2021 so everything that i hear from this company seems to contradict something else that i've heard from the company everyone seems to be talking about mullen being this all-american ev company that's going to do all the work in america and produce everything in the united states without any need to be outsourcing to the likes of china but every vehicle software that they've mentioned seems to be sourced from china except for the mullen5 which i have spoke about in my previous video so go check that out and i really think that there are too many red flags to even get into this fully in a short youtube video if you look on social media you will see link after link being shared on mullin pages like this one on stock twits most of the articles either have nothing to do with mullen or are simply pumping the stock look at the amount of posts from accounts that have been set up over the past month or two that are averaging 40 maybe 50 up to 100 posts a day about mullen ask yourself do you post 40 or 50 posts a day about annie stock and why would you even want to do this whenever i see a bearish comment on stockroots there's always a ton of comments saying that this is a paid basher but to be honest i think there are far more paid pumpers than bashers like for example this comment modern automotive's earnings are expected to grow from 19 cents to 75 cents per share in the next year which is the 294 percent increase considering the level of dilution this is highly unlikely and when you click on the link there's nothing on this page to suggest those numbers at all another story to pump this stock is the partnership between mullen and coma now i'm not saying that this does not exist just look on their website it says it right here there is a partnership i'm just saying that it's irrelevant the companies are teaming up on the build out of an automotive body shop at mullins manufacturing facility in tunica mississippi total expansion plans for this include a 1.2 million square foot of body shop paint shop and general assembly they are joining forces to develop the state-of-the-art body shop or the new and upcoming mullen5 crossover let's be honest just because you have a facility does not guarantee that anything is ever going to be produced and the partnership has nothing to do with the actual production of the vehicles i really can't see why people are pumping this partnership recently except for the fact that they are using it to try and say that amazon is the fortune 500 company that are buying modern automotive last one cargo vans and the fact here is that their parent company is stellantis who have done a deal with amazon for thousands of electric vans now that is totally true stellantas do have a deal with amazon but what's not being shared is that mullins deal with comau is just for the development of its facilities not its vehicles while stelantis is actually the sixth largest auto manufacturer in the world stelantes owns 16 brands such as chrysler citron dodge jeep maserati and as you can see here a hell of a lot more they have over 300 000 employees a president's presence in more than 130 countries and manufacturing facilities in 30 countries before i get into my final points guys take a look at my other recent mullen automotive video where i went into a lot of red flags far more than i have in this video including a better look at the company's financials and the mullen management team that is well worth watching there is a link to this here and a link to the hindenburg report in the description and if you enjoy this honest approach to stocks it tries to expose the lies that are being spread then consider supporting the channel and take a look at my patreon page another example of the hype is that mullen expects to report in excess of 65 million dollars in cash and cash equivalents when it files its form 10q again in my last video i showed how mullen had only 360 dollars on its balance sheet so this is a big increase this was used to pump the stock but guys this is terrible first of all at what cost did this come at mullen had a market cap of less than 30 million dollars when i made my last video now they have a market cap of over 500 million dollars that is a massive delusion the share price has 3x yes it has but the market cap is closer to 20x and for what 65 million dollars the net loss alone for the last quarter was over 36 million so 65 million dollars is nothing in this industry now something that i do notice mostly on stock twits and twitter is that mullen gets compared a lot to fisker for some reason probably because neither one of them have actually sold any evs to date but these are completely different for example although fisker's share price is currently over 12 they have a market cap of 3.5 billion

but they also have 1.2 billion in cash that is a massive cash reserve compared to their market cap of only 3.5 billion even lordstown motors that hindenburg also did a short seller report on at one point which has now dropped to a similar share price and market cap as mullen being 250 and the market cap of under 500 million dollars but even lordstown have multiple times cash on hand that mullen has coming in at 240 million dollars 65 million is not worth talking about in this industry and before anyone decides to comment about the 450 million dollar loan application let's take a look at something successful consumer ev market study reveals mullen5 scores high against the model y and the ford mac e results from the six-month ev market exploration study and conceptual benchmark test indicate that the modern five is conceptually highly competitive with the model y and fordmac e results will support mullen's u.s department of energy atvm loan application of 450 million now i talked about this study in my previous video this is direct from mullen's own website so check this out if you think that i'm not being truthful yes the report says that the mullen5 compares favorably to the tesla and ford but this is a study done by go grow a consulting firm paid by mullen to produce this report i really cannot see any way that mullen will get the 450 million dollars especially if this report has any influence on it but that is just my opinion so guys what do you realistically think about modern automotive do you agree or disagree with my analysis or are you happy to gamble on this stock at the current price and hope for the best i usually don't do this type of video but once again i'm seeing so much crap talk out there that i felt this needed to be said i see a lot of similarities between this stock right now and other stocks that have gone before it such as lordstown motors or nikola but most similar to oz sc energy solutions which i talked about before it's the same type of hype and i expect the same type of outcome check out my videos in the links below drop me a comment and let me know what you really think remember to show your support for the channel and hit the like button if you have enjoyed this video and if you're new consider subscribing and have a blessed weekend

2022-04-21 07:02

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