Deep value investor using AI and forensic accounting tools to identify over/undervalued companies. DD shared publicly. All posts my opinions, not fin'l advisor
๐งตOne of many jury trials set to hit this year. Causing a lot of panic in the permabull side of the house it appears. $MULN is not $F or $GM and never will be. Mullen Automotive is a financially complicated self-enrichment ponzi scheme running out sources of cash to keep it going. A thread:
@PhilWMagness I believe Canadians accept that America will deal with this through their own systems to reverse it. The larger issue is that since 2016 the US has shown the world just how vulnerable it's executive is to corruption and consolidating power. That's the major point causing action.
@mbohnert@Ukrainene I think it's pretty reckless and if not already present will prompt Iran/Russia to include a command-detonation ability to frag any plane that attempts this again in the future. Taking out a MiG + pilot with a drone is a significant outcome.
@PuzzledRaccoon This would be the second cancer vaccine after HPV.
Now, it raises an interesting conundrum - for the anti-vaxxers, does that mean they'll now accept melanoma as "natural" and not get the coming skin cancer vaccine or pre-treatment?
@neil_on_sea@MenchOsint US ammo storage facilities are regularly seperated by several dozen feet of earthworks that extend higher than the height of the building to ensure the detonation is directed upwards and to prevent sympathetic detonation. This is not what's happening in the imagery.
So $TSLA had earnings yesterday, and the report just got worse and worse the deeper you read into the report.
Margins once again shrank, from 19% to 16%. They missed on EPS by 50% and 800 million on EBITDA. But that's not the funny part.
The funniest part? When you dig into the report...they claimed 1.11 billion in GAAP income, but 1.005 billion of that was on-paper gains from $SPCX equity! Pretty much ALLLLL of their income was fake paper. Take that out and their net income was a paltry 105 million. That gives them a 1.4% operating margin at 350x forward earnings.
But it gets better! They got 146 million in regulatory credit revenue (you know, the things Elmo keeps saying he doesn't need). Take that out and they had negative earnings.
What's all this mean? A couple of things:
1, it means that the company is failing in every regard - especially in execution and
2, it means that Elmo is 100% trying to create an environment to ram through an acquisition of $TSLA by $SPCX so that he can assume full control of the company again, in spite of his stunningly bad stewardship at the helm.
Bonus: 25 billion in capex for AI, which doesn't even make them a serious player in the space, as the real leaders in the AI battle are spending 8 times that. So that's just wasted money.
Cue the Elmo Cult with their claws out in 3, 2....
The video shows drone footage of a strike on a gas station in Belgorod with cars queuing. Itโs attributed to Ukraineโs Strix unit, but its authenticity is heavily disputed.
The HUD (low battery, transmitter disconnect, stylized explosion ending) looks off compared to verified Ukrainian drone releases. No matching official confirmation, aftermath footage, or widespread reports for this exact incidentโsimilar but different strikes occurred on other dates.
Likely edited or fabricated for effect. Real cross-border strikes happen; this clipโs legitimacy is questionable.
@MarioNawfal A 7 second and 5 second burst of M940 20 mm rounds at 75 rounds per second costing $168/round is approx $152k USD to down a $35k USD Iranian Shahed-136.
Three years ago. Where are they now? $MULN & $MMAT gone. $GNS down 97%. $NWBO is the real winner, only down about 68%. Itโs also the one business of the four with any chance at all of success. Clearly none of these shitcos was being suppressed.
@secretsqrl123@Maga4liberty The other thing to note is that the vocal minority that do want to seperate are mostly from outside the cities and that when looking at the local politics, the two major cities Calgary and Edmonton are more progressive/liberal every election both provincially and federally
Now that SpaceX is preparing for its IPO, it's a good time to remind people who Elon Musk is. In addition to becoming the world's first trillionaire, he has publicly defended sex traffickers and pedophiles, even asking Epstein to be invited to his "wildest parties."
This tweet has since been deleted - let's not let people forget:
@Michael_10_Four@UnotheInvestor Can't say people weren't warned about $BINI / $MULN. We called it a scam since February 2022. Just read some of the posts in > #MULNSCAM < back in time.