What’s up everyone, a name which has been making the headlines recently is Jake Freeman. Jake here,
is the 20 year old who made $110m riding the meme stock wave of Bed & Bath from a $27mn
investment. How he raised that amount of money as a 20 year old is really not our business here but
what I like about this story is the approach where analysts say Freeman’s exit from the Bed
Bath shareholder register means that his piece of complex financial engineering will go untested.
He hit the meme stock jackpot not because of his smart idea,
but by following a much simpler investment maxim: buy low, sell high.
And simple as it sounds that seems to be the opportunity which another meme stock $MULN
is presenting us here, to get us to the moon. Riding at all time lows but presenting us with
tremendous opportunities to make multimillionaires and take us to the moon. If you hold MULN in your
portfolio, please write To the Moon with MULN in the comments section below and make sure you
stick around to the end so you don’t miss out on why the future looks really bright for MULN.
I personally see MULN as a long term play but you just never know what may get it pop sooner.
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That said please drop a quick like on the video and hit the bell, so we can get on with it with
and talk about Mullen Automotive Inc (MULN) which is now sitting at at 60cents per share
with a market cap of $321m. If you are new to MULN and you look at the share price performance
over the ytd period in isolation, you’d be forgiven for thinking MULN is a falling knife.
With a performance down by over 90% over the year, you’d even be wondering if there any signs
of recovery on this one. My personal view is that there is tremendous potential in the tank for MULN
brewing & waiting for investors to take a shot at it. Question is would you be taken
a gamble on MULN like Jake Freeman or would you be investing in MULN based on the potential it holds?
Again, my videos are not financial advise so you only get if you like MULNs story and you
only put in money which you can afford to lose. And given we always aim to buy low and sell high,
there just couldn’t be a better time for MULN to shine in my view.
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So here’s what’s new with MULN, which you need to be aware of.
In their latest 3rd quarter results, MULN reported their strongest balance sheet ever
with approximately $99 million of cash in hand, which is a strong financial position to be in.
And some of the key program highlights included: Progress made in both engineering and
manufacturing areas by advancing their solid-state battery technology
to the pack level and continuing to build up their battery assembly operation.
Opening their California-based automotive center
and extensively hiring for expansion requirements related to Mullen FIVE EV program.
Signing a binding agreement with DelPack Logistics, LLC, an Amazon Delivery Services
Partner, to purchase up to 600 Mullen Class 1 and 2 EV cargo vans over the next 18 months. The first
300 fully homologated for the United States of the Class 2 EV Cargo Vans, can be delivered to DelPack
by Nov. 30, 2022. So only a few months a way we’re talking here. I really cant wait for their Q4
announcements on the back of this delivery. From zero to hero it would be in my view.
David Michery, their CEO added that “It’s an exciting and pivotal time for Mullen
as they continue to experience exceptional growth. “They’ve been focused on expanding
their capital positions, resources, and efforts in all key business areas,
and they are really seeing it come together with their recent expansions and successes.”
Mullen is also to Launch their First Fully Functional Demonstrator FIVE EV Crossover
Vehicles in October 2022. As Mullen and hofer powertrain, a leading German powertrain company,
have been jointly working on developing Mullen’s first fully functional, demonstrator FIVE EV
Crossover vehicles. And the first vehicles are to arrive starting in October this year. So we are
talking of over the next four to 6 weeks to see this come to fruition, which is no long at all.
These vehicles will be utilized in Mullen’s upcoming 2022 “Strikingly Different” Test
Drive Tour, as well as other events planned across the U.S. in 2023. The future Mullen FIVE
production vehicles will feature performance specs such as a 120-kWh battery pack,
325 miles of range, 0-60 mph in 3.2 seconds and a top speed of 155 mph.
The future Mullen FIVE RS High-Performance version will feature 0-60 mph in 1.95 seconds
and a top speed of over 200 mph. Which are all very impressive and competitive specs.
Analysts at Seeking Alpha say Mullen is Well Positioned For The Solid-State Battery Race.
They say all eyes are on Mullen's battery technology,
which is arguably one of the biggest, if not the biggest, catalyst. Mullen announced very
impressive solid-state polymer battery test results at the Battery Innovation Center.
When scaled to the vehicle pack level, a 150-kilowatt hour solid-state battery
is expected to deliver more than 600 miles of range on a full charge. And the benefit
with solid-state batteries is that, they offer higher energy density, faster charging time,
smaller size, and safety compared to traditional lithium-ion cell used by the likes of Tesla.
And on August 4, Mullen's CEO revealed that the Mullen Energy facility in Monrovia
will be in a position to produce 30,000 packs per year.
This is huge. He also added that if a deal in the works goes through, it will be "a first of
its kind" and will "tip the entire EV space on its head". What a bold statement here.
So they predict Mullen is at a key inflection point as the company is involved with some
groundbreaking initiatives that, if they come into fruition, will change the EV landscape and produce
outsized returns for shareholders. One thing is certain; there are many exciting things happening
at Mullen, all within a very short period of time. And the positive catalysts keep on adding up; from
the Mullen Five and cargo van orders to impressive battery test results and deals with OEMs.
So in summary all eyes are on Mullen's battery technology, which is arguably one of the
biggest, if not the biggest, catalyst. This is really important because we are still in the
beginning of the global battle for solid-state battery leadership. Mullen has a nice head start
compared to many and it’s important for the company to accelerate its efforts, especially
given the impressive battery test results. So is now is the time to double down? Especially
as solid-state batteries offer higher energy density, faster charging time, smaller size,
and safety compared to traditional lithium-ion cell and be well ahead of the competition.
How very exciting?? So some very very interesting and mindblowing prospects ahead for MULN
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to bring
some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you,
so please let me know your thoughts on these top penny stocks in the comments section belo