Mullen Automotive (MULN) short, mcap=$441m, price $0.92 vs $1.46

– Straight-up Electric Vehicle scam about to enter highly dilutive death spiral financing.
– Share count set to increase 4x-5x with ever cheaper shares getting issued via cash-less warrant exercise.
– Name well covered by @HindenburgRes.
– Egregious CEO compensation – e.g. 10% of market cap in case of termination.
– The shareholder meeting at the end of July is likely to be the start of significant dilution.

Valuation: Terminal zero, however tight borrow with potential short squeezes.

Exp. gain: 50% in 12 months.

Full $MULN write-up (free guest account required):

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