MULN - Mullen Automotive CEO Responds to Fox Business Question | Benzinga
David Michery, CEO and chairman of Mullen Automotive, appeared on ‘Making Money with Charles Payne' on Fox Business on Thursday, Aug. 31, to discuss lawsuit against large brokerage firms for unlawful trading practices of the Company's stock and other matters.
BREA, Calif., Sept. 01, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today its response to a question asked during Mullen CEO David Michery's appearance on Making Money with Charles Payne, which aired on Fox Business at 2:55 p.m. EST on Aug. 31, 2023.
Michery and Wes Christian of the law firm of Christian Attar were interviewed by host Charles Payne to discuss various matters and, notably, Mullen's recent lawsuit against large brokerage firms including TD Ameritrade, Charles Schwab, National Finance Services and others alleging that these broker-dealers engaged in a scheme to manipulate the share price of the Company's securities. Mullen hired the services of Christian Attar in partnership with Warshaw Burstein, LLP to file this lawsuit and has taken a number of measures to combat illegal short-selling activities to protect retail investors.
"During the broadcast yesterday, the feed provided by Fox lost its audio connection with us and as a result we did not have a chance to respond at the end of the segment," said David Michery, CEO and chairman of Mullen Automotive. "Below is our response to Charles' last question."
Charles Payne Question:
Can you explain $31 million in G&A per the Condensed Consolidated Statements of Operations?
Mullen Response:
The Condensed Consolidated Statements of Operations contains both cash and non-cash expenditures in total operating expenses. For the three months ended June 30, 2023, we incurred $7.8 million of non-cash expenses including:
- $6.6 million ...