MULN; Institutional Owners POST r/s, buyers and vol, fintel.io NASDAQ:MULN
Select list of Institutional owners of MULN, dates of purchase and buy volume (quoted in # of shares).
(source: fintel.io)
This is just a few on a long list of large volume buyers that either bought or added AFTER the r/s on 05/04/2023.
As of July 10 2023, none of these listed had reported closing their positions.
MULN reported that their current cash position is $235M, with roughly $7.5M in debt.
They'll be reporting rev for the 1st time since inception in the next few quarters.
MULN has 2 factories STATESIDE, and even better, purchase orders totaling more than twice their current market cap, giving material evidence of demand.
MULN is prioritizing commercial trucks/cargo vans for commercial fleets, and have established partners to fulfill parts & service maintenance on warranties. They've also been granted 90 patents and have developed interactive AI tech for their vehicle commercial and consumer line ups.
On top of all this, they still managed to find time to retain an attorney and file an investigation for you because you're concerned about the stock price.
To be fair, the concern is valid. Majority of the articles out there are just hate mongering on MULN. With words in the title like "Bankruptcy," or "Dead Cat Bounce," it's no wonder investors are stressed with uncertainty but the truth is those articles are written as editorials, not analysis. The writers want you to feel some kind of way. They're not analyzing or even citing quantifiable data. More often than not, they're reduced to low key debasing MULN by calling it a "meme stock." Its 2023 people, ad hominem arguments are a sign of desperate ineptitude, not astute intel. I dont know if Id blame the short sellers for the heavily discounted price on MULN, more than Id blame all the sock puppets, pretending to be civil, but are really just spreading conflict for MULN by disparaging the company and then trying to sound impartial by saying "this writer does not own a position in this stock."
Oh, you have no skin in the game? Then maybe stfu. That's like a person who doesn't own a car giving me advice on how to drive and what the road looks like, when they're not even in the car.
full disco: I own MULN and I give zero f*ks if you buy in or not.
Blackrock, Vanguard, Geode Cap, State Street, Northern Trust, Fidelity, Schwab, everyone else accumulating on the DL, MULN themselves, and I, myself, do not need you to hold our hand.
Do your homework.
Appreciate the risk.
