I have been reporting on the $MULN stock for 40 days between my YouTube, Twitter and reddit pages.
We are in a classic dilution war experienced many times in 2021.
You can check the data to compare on $AMC $BBIG $PROG $IRNT $WKRS and many others.
Basically it works like this, all the data companies only report on outstanding shares. If you look at the the 10-Q filings in the first few pages you will see mention of authorized shares versus outstanding shares versus preferred shares. Consider the outstanding shares outside of the preferred and net remaining authorized shares to be the public float.
Now $AMC had 524M authorized shares and before the June squeeze of $12-$72 they diluted 450M shares. But before that they only diluted 120M shares at sub $5 the remaining 300M shares they diluted between $8-$20 with several smaller squeezes until the June $72 run up.
Currently MULN started 2 months ago with 30M public float shares and 4 weeks ago ortex told us the outstanding shares grew to 188M with 150M shares owned by retail for 82% ownership. 2 weeks ago a muln sec filings stated the oustanding shares has grown to 240M shares and that they have 60M more shares to dilute at any price and they also introduced an offering that will give them 190M more shares to dilute when they exercise warrants at $8.84 or above stock price. I personally believe they will let this go much higher than $9 before diluting the fomo retail that chases the $MULN run up from $2.20 to $9 which is imminent.
Good luck everyone and I hope you make all the life changing money you need!
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