![]() “The impact of our imaging team can be seen everywhere.” ![]() Did you have a stroke? Imaging plays a role so that the physician can see the clot in the brain and remove it,” says Jeff Kerk, Unity Health Director of Medical Imaging. Can’t walk after falling on the ice? Imaging will determine if you had a hip fracture. “Did you hit your head in a car accident? Imaging will help rule out a bleed in the brain. Across Unity Health Toronto’s three hospitals, hundreds of staff are working around the clock to acquire and process images and that are critical to help diagnose conditions and complete medical procedures. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Josh Enomoto did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Read More: Penny Stocks - How to Profit Without Getting Scammed If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. While Mullen did recently announce receiving a 180-day extension, this matter only applies more pressure on this already beleaguered company. However, the Nasdaq requires a minimum $1 bid price for its listed securities. Why It MattersĪt the time of this writing, MULN stock trades for around 13 cents per share. Therefore, the company’s most realistic avenue for funding is via equity dilution - something with which it already has a history. Per investment resource Finbox, MULN stock scores an “F” grade for profit health, price momentum, cash flow health and growth health. Still, Mullen represents a deeply embattled enterprise that might not afford multiple ambitious initiatives. The premium variant should also reach a top speed in excess of 200 mph. The K50 is expected to reach 60 miles per hour (mph) from standstill in 1.95 seconds. Per InsideEVs, Mullen says it will “reengineer and redesign” the Qiantu K50, an electric-powered supercar, to meet homologation requirements for U.S. ![]() For the trailing week, it’s down about 12%.Īdding to the perplexity of MULN stock is the company’s deal with Chinese automaker Qiantu Motors. Notably, MULN stock is down about 10% in the afternoon hours Wednesday. It’s quite possible, then, that if Mullen can’t make good on a PR disclosure deadline, investors will view delivering 6,000 EVs as a much bigger challenge. However, June 30 came and went with no update as promised. For instance, early last June, CEO David Michery said in an interview that Mullen would reveal “everything” about its delivery of an electric van to a Fortune 500 company at the end of Q2. The company unhelpfully reiterated the basic terms of the deal in its latest statement.Īn Undisciplined Approach May Backfire on MULN Stockįundamentally, what may be negatively affecting the sustained momentum of MULN stock is a lack of focus and discipline. Obviously, the end of Q1 is approaching in a matter of days, with Mullen providing little-to-no update. Headlining the press release is a message that deliveries for the order are to commence in the first quarter of 2023. On the other end, Mullen Chief Commercial Officer John Schwegman said the deal symbolized a “real vote of confidence” for the company Unfortunately, though, that confidence may take a devastating blow if Mullen doesn’t pull through. I have many customers looking at me to find product for their companies.” ![]() “We see a tremendous opportunity with the Mullen commercial portfolio, and the launch of the commercial van could not come at a better time There’s significant pent-up customer demand for Mullen to fulfill. Randy Marion, CEO and founder of RMA, had the following to say about the order: At the time, the announcement led to considerable buzz for MULN stock. Per the press release, the firm order agreement is worth approximately $200 million. 14, 2022, Mullen disclosed a purchase order for 6,000 Class 1 electric vehicle (EV) cargo vans from Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group ( RMA). At the same time, management’s lack of focus in general may hinder MULN stock. In regard to the latest drama, the countdown is now on for Mullen to meet its original delivery target for a purchase order from an enterprise-level client. Once a hot commodity in 2022, Mullen Automotive (NASDAQ: MULN) has since struggled to keep its head above water.
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