Good points my friend. Nice Glasses! I still want to see you drinking out of a Fisker mug! Come'on Fisker 5 minute to ship the guy a mug and travel cup, maybe throw in a T-shirt. Anyway - Chapter 7 Liquidation, Chapter 11 - Typically when there are too many stakeholders to get any agreement, so basically the Judge calls the shots. Expensive for everyone. Restructuring out of court, if all shareholders, debt holders (not just the noteholder, all who are owed by the company) can agree on a plan moving forward. Which happens will hugely depend on what the 13 Week forecast looks like, if company is viable or not. Note holders could agree to be bought out for less than par if they want to walk away and company can make an offer and pay it. They can otherwise force Chapter 11, but it's not a great option if they have a choice. Again, what happens depends on what the 13 week rolling forecast looks like, and of course if it's viable in the short term, how things progress moving forward, that is can the company continue to sell cars etc. etc. That's why sometimes viable companies can come out of Chapter 11 and do ok or better. The question here is if they are viable or, if it's just a matter of when not if they go under. Keep in mind the entire reason Chapter 11 even exists is so that 'viable' companies don't go out of business due to short term financial issues. Biggest question is, are they viable. Great looking cars, but lots of bashers out there. Not sure why, just because people can? ....
Looking forward to Out of Court restructuring with new CRO if Deal not completed by one minute after midnight Wed tonight. Expecting financing offers, line of credit the best, any others would probably offer shares for funds and create dilution. Thumbs Up video/ comments... Thanks.
I feel none of the three issues mentioned here will be the resolution..the only strategy and continuing saga for Fisker is a partnership of sorts..this way there new line of vehicles production takes effect and Fisker bows but not kneel IMO
I saw someone mention (I'm assuming this was in the recent filing?) that Fisker has extended the pause on Ocean SUV production, till end of June now. Not sure if this is true or not. But if it is true, why would they even bother with making that announcement about production not starting up again until July if they are going bankrupt or out of business? I don't think we have all the facts. Hopefully they are working on an agreement with another OEM or investor to keep them afloat and survive through this. I bought more shares yesterday. I would really love to buy an Ocean SUV. Beautiful car. If Fisker can survive and we get back into dollar land. My wife and I want to buy a Fisker Ocean.
We do not want another "Celbrius" that happened after Damilar threw up Chrysler. They were basically a cheap bank with no love for cars. A respectful OEM take over is the only way.
Plenty of videos attacking the Ocean to hurt sales and keep Fisker from paying the noteholder and to force CHPT 11 but funding could come from any liquidity source globally since 10-K now filed.
With pending litigation, lack of assets, low sales, and growing debt, it’s very unlikely we’re going to see any buyout or partnership. I’ve been rooting for survival but latest 10k paints a dim future.
**Not Carvana-Hertz**
Good points my friend. Nice Glasses! I still want to see you drinking out of a Fisker mug! Come'on Fisker 5 minute to ship the guy a mug and travel cup, maybe throw in a T-shirt.
Anyway - Chapter 7 Liquidation, Chapter 11 - Typically when there are too many stakeholders to get any agreement, so basically the Judge calls the shots. Expensive for everyone. Restructuring out of court, if all shareholders, debt holders (not just the noteholder, all who are owed by the company) can agree on a plan moving forward. Which happens will hugely depend on what the 13 Week forecast looks like, if company is viable or not. Note holders could agree to be bought out for less than par if they want to walk away and company can make an offer and pay it. They can otherwise force Chapter 11, but it's not a great option if they have a choice. Again, what happens depends on what the 13 week rolling forecast looks like, and of course if it's viable in the short term, how things progress moving forward, that is can the company continue to sell cars etc. etc. That's why sometimes viable companies can come out of Chapter 11 and do ok or better. The question here is if they are viable or, if it's just a matter of when not if they go under. Keep in mind the entire reason Chapter 11 even exists is so that 'viable' companies don't go out of business due to short term financial issues. Biggest question is, are they viable. Great looking cars, but lots of bashers out there. Not sure why, just because people can? ....
Looking forward to Out of Court restructuring with new CRO if Deal not completed by one minute after midnight Wed tonight. Expecting financing offers, line of credit the best, any others would probably offer shares for funds and create dilution. Thumbs Up video/ comments... Thanks.
Your video was very helpful and explained a lot to me.
Thanks for the tour of the park. Very nice.
So nice of you
I think people are also curious about their warranties, support, services, part availability, within all 3 potentials.
Magna needs production to restart as do the suppliers.
A failure to save fisker would mean another 3 to 5 years development with another company
I feel none of the three issues mentioned here will be the resolution..the only strategy and continuing saga for Fisker is a partnership of sorts..this way there new line of vehicles production takes effect and Fisker bows but not kneel IMO
I saw someone mention (I'm assuming this was in the recent filing?) that Fisker has extended the pause on Ocean SUV production, till end of June now. Not sure if this is true or not. But if it is true, why would they even bother with making that announcement about production not starting up again until July if they are going bankrupt or out of business? I don't think we have all the facts. Hopefully they are working on an agreement with another OEM or investor to keep them afloat and survive through this. I bought more shares yesterday. I would really love to buy an Ocean SUV. Beautiful car. If Fisker can survive and we get back into dollar land. My wife and I want to buy a Fisker Ocean.
Nice dream :D I am big dreamer too, watching every news.
given how Magna just laid off 500 people due to Fisker Ocean production stopping, I'm not too hopeful.
Are there any scenarios where the ocean owners will still get service and warranties honored?
Yes, Chapter 11 would most likely provide that. Also, a Buyout or Merger or Investor would most likely provide that.
👍
They should go hybrid
Nice start to the video…..
Glad you liked it
Ils over , why buy out ? You will lose all .
Carvana did not do cpt 11
Hertz, I was trying to think of
@@Ocean1_FSR ahhh ok that makes sense.
@@Ocean1_FSR I really hope fisker class a share holders don’t get shafted tn but who knows man
We do not want another "Celbrius" that happened after Damilar threw up Chrysler. They were basically a cheap bank with no love for cars. A respectful OEM take over is the only way.
It's a buy out
Let's hope
@@Ocean1_FSR2020 was the initial design of the ocean 4 years work will not be thrown away. Watch MAGNA STEYR stock for indications
I would accept buyout
new shares were issued maybe we have a deal with the note holder
This whole thing screams chapter 11 to me.
The word restructure is everywhere.
Very possible
Plenty of videos attacking the Ocean to hurt sales and keep Fisker from paying the noteholder and to force CHPT 11 but funding could come from any liquidity source globally since 10-K now filed.
30 days to doomsday.
Possibly
Bankruptcy
It's possible
With pending litigation, lack of assets, low sales, and growing debt, it’s very unlikely we’re going to see any buyout or partnership. I’ve been rooting for survival but latest 10k paints a dim future.
@@ajstl9556 hoping and praying for a miracle