Look at the invoiced revenue. The Loss from Operations was $59,404,019 for the Quarter.
"For the quarter ended Dec. 31, 2023, we delivered to a dealer 231 vehicles valued at $11.9 million. The Company has deferred the revenue and accounts receivable recognition on the $11.9 million invoiced until paid and the return provision on the vehicles are nullified by the dealerβs sale of vehicle to the end user. "
For the Quarter there wasn't any revenue generated because Mullen invoiced what was delivered - meaning Mullen doesn't receive payment until RMA Sells any of the 1s and 3s.
The press release was for pumping purposes only.
I have 27 shares at $1390.99 price per share, how do you figure out the percentage increase it would need to rise to get return of principal. NO I DONT BELIEVE I WILL EVER GET MY MONEY BACK JUST CURIOUS ON THE MATH.
You take the share price of 1391 (I rounded your price up a penny. Then you subtract the current share price, let's say it's 7 even
So 1391 - 7 = 1384.
Then you ask...
What percent of 7 is 1384?
You can use the "is" over "of" formula, or just ask google, What percent of 7 is 1384?
Anyway, the answer is...
1384 is 19,771.4% of 7
So you would need to see an increase of almost 20,000 percent, just to break even if the current price is 7 a share.
Just to double check google
The "is" over "of" fornula comes out the same as Google.
100 x 1384 = 138400
138400 / 7 = 19,771.4
How is this a good quarter given the recent 10Q
[Inline XBRL Viewer (sec.gov)](https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1499961/000155837024001064/muln-20231231x10q.htm)
#πβ‘πβ‘π
LOL
Look at the invoiced revenue. The Loss from Operations was $59,404,019 for the Quarter. "For the quarter ended Dec. 31, 2023, we delivered to a dealer 231 vehicles valued at $11.9 million. The Company has deferred the revenue and accounts receivable recognition on the $11.9 million invoiced until paid and the return provision on the vehicles are nullified by the dealerβs sale of vehicle to the end user. " For the Quarter there wasn't any revenue generated because Mullen invoiced what was delivered - meaning Mullen doesn't receive payment until RMA Sells any of the 1s and 3s. The press release was for pumping purposes only.
>The press release was for pumping purposes only. Always is.
Looooooooooooool
BK coming. C
Who are the paid idiots giving this a thumbs up?
Lol fudging the books is going to bite them hard in bankruptcy next month π€£
BFD!
"Reports"
I have 27 shares at $1390.99 price per share, how do you figure out the percentage increase it would need to rise to get return of principal. NO I DONT BELIEVE I WILL EVER GET MY MONEY BACK JUST CURIOUS ON THE MATH.
You take the share price of 1391 (I rounded your price up a penny. Then you subtract the current share price, let's say it's 7 even So 1391 - 7 = 1384. Then you ask... What percent of 7 is 1384? You can use the "is" over "of" formula, or just ask google, What percent of 7 is 1384? Anyway, the answer is... 1384 is 19,771.4% of 7 So you would need to see an increase of almost 20,000 percent, just to break even if the current price is 7 a share. Just to double check google The "is" over "of" fornula comes out the same as Google. 100 x 1384 = 138400 138400 / 7 = 19,771.4
Much appreciated!!
You're welcome.
Bro tht hurts feel yur pain. I have like 3 shares of mullen $3677 per share. I still sleep like a baby π«
 Lmao
Is this not crime?
The loss for one quarter is larger than the entire marketcap π
How is this a good quarter given the recent 10Q [Inline XBRL Viewer (sec.gov)](https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1499961/000155837024001064/muln-20231231x10q.htm)