If FISKER somehow survives, they should hire you to be on the social media team. You have a lot of heart and are a fighter for this company. Kudos to you, Ocean1, for all your efforts.
No matter what happens, I''ll be glad when this is all over. Worrying about whether or not Fisker will go bankrupt has been a source of anxiety in my life. Still waiting on 2.0. If I can get that and my title/tag, I'll be happy enough
Thanks for the Videos Ocean1 Im from Austria, newspaper says Fisker Austria announced biggest Bankruptcy in Steiermarks History 1.34 Billion. Creditors gets 30% if Accepted Chapter 11
I agree with your conclusion. Many posters on Reddit agree with you. So sad! I would like to thank you for all you have done with your videos and hope you’ll be able to enjoy your Ocean for years to come. Thanks
Fisker Austria will be restructured, taking on the debt, this will be offered around 30% to the creditors, payable over two years if accepted allowing Fisker US to continue 🇺🇸💪💵
Dear Matthew, it seems what you said is right 👉 there is a channel called EV GO that just stated that FISKER waived the debt to FISKER Austria 🇦🇹 and they plan to pay 30% of the debt.
Mr. Ocean 1 - Magna is opening a plant in Mesa, AZ. What do you think? Magna can just take over and build Oceans, Pears, and Alaska as they're similar vehicles in most respects.
I am not aware of any such plant for manufacturing. Magna has plants all over the 🌎. But only a handful are for manufacturing cars. But even if true, Fisker needs money 💰
check out my answer above: this is the most important company for your owners. they are the link / hub or bridge from Fisker inc to Magna, the manager of the software developement, the packaging and deployment, also the management to Fisker what to build and when to be delivered and what not. I guess that the cars had not bee sold to this subsidiary cause they are shown directly in the fisker inc. documents where usually only fisker Austria would be visible as an asset and right now with a value of 0 or even below. Magna wanted money from the big one, I bet, so they billed and delivered to Fisker Inc. where Fisker Austria might have had 10employees to check the quality at the delivery or hand over but that could have also done in Bremerhaven as a big overseas shipping port for cars - or maybe in italy if they shipped it that way to the USA.
Yup, I agree with your final assessment. The noteholder is trying to extend the time before filing to recover as much money as they can - which is a totally rational thing to do. The Austrian bankruptcy probably could've triggered a whole domino effect of defaults that would throw the whole thing into BK, so seems smart for them to carve that out. Have you listened to the Magna conference call - they stated that they do not forsee restarting production on the Ocean. It's quite possible that Magna is already retooling the factory for someone else, and once that's done the cost of restarting will jump up making the economics of any partnership/acquisition of Fisker unworkable. This is like watching a train wreck in slow motion. Finally, the silence of Henrik and Geeta during this time is very telling.
@Ocean1_FSR I don't think the noteholder is getting anything from Ocean sales right now. All sales are just covering current expenses. I don't see the benefit in them waiting and then bk. Cash keeps going down.
Your assuming the money from current Ocean sales is being used to pay the 2025 noteholder? I dont think thats the case and the cash is being used for payroll and other necessary costs. I disagree with your final assessment.
@@colayco Bought long when it first appeared selling in the mid 20s. Then shorted below 10 a few times till it hit a dollar. At 4 cents I was hoping for a last pop but it looks dead in the water. As for Tesla, not a chance, not a play.
ok... I get your point about why note holder wanting to give more time to fisker to sell every last Ocean before chap 11 but can you explain why fisker would want to sign new dealers and sell cars to give the money to the note holder when they can just file chap 11 ? are you saying fisker and the dealers are just stupid? sorry you're no making sense to me at least
@@Ocean1_FSR so you're saying the dealers are aware the company will file chapt 11, and still take on the sales challenge for fisker oceans and would be honest with customers about chap 11 and hope customers will take the cars off their lot? sounds like a big gamble to me , for the dealers
@@Ocean1_FSR and how are you gonna make any money if you're selling the cars at loss and also giving incentive to the dealers? wouldnt it be easier to file chap 11 and let the court put the cars up for auction like everyone else?
I think what is happening here is the dealers (who are under no obligation to provide any warranties or services) are making bank by selling the Oceans at steeply discounted prices. Are they for sure Fisker will file Chapter 11? No, not at all. But they probably expect it. If the cars go to auction AFTER BK to be liquidated, they probably bring a lot less than they would now.
@@Ocean1_FSR well they better be a hell of a salesman , the moment you tell the customer the company is going BK they will just wait for to buy it at an auction, and if you dont tell them you risk getting sued lol so if you are right then the dealers are gambling big time on this one , worth the money? who knows
a guy named Daniel Flockinger wrote the following: "They have shifted the entire Debt of 1.3 Billion to the Austrian subsidary. The Inc. will continue to exist without debt. The Debt is parked in the Austrian Fisker GmbH and this company will be the one to restructure."... seems too easy and too good to be true, no?
@@Ocean1_FSR Daniel Flockinger goes on and says: "It’s a fact. They show a debt of 1.36 Billion in the first issue of the insolvency proceedings." "Unfortunately, this information is not openly available. So, i can not share a link. But it is confirmed that the company has a debt of 1,34 Billion EUR in their books. And thats more or less the full fisker debt."
If I were a betting man and I'm not, I would bet the farm that they go for 7 vs 11. Just my "gut" feel but now that I'm a FOE owner, I hope to hell that I'm wrong. 🙄
We know is a Longshot. Chances are the ot goes bk. But if it doesn't and fisker still around in 2 months. The chances improve alot. I also see on RUclips all of the evs fisker channels dump on the company is much as they can because people only like to see the bad staff. Let's no see dose channels and help fisker get better reviews. Thank you and good luck to all of us
read my comment from a minute ago: the key unit for you as owner is the austrian Fisker GmbH which means limited. This unit of 50 employees is the center of the software developement and deployment and also the hub or bridge or link between Fisker inc and the car manufacturer Magna. They filed on 7th may for bankrupcy in self management which means in short they are working on the goal to deliver as much cars as possible and provide updates based on the documents. Selfmanagement means, they are allowed ot continue to operate for 3 months without the debts and obligations of the past - the employees also get paid fully by the unemployment insurance which means no employee can stand up and leave cause all contracts are still valid. Therefore the staff is still there working and maybe preparing another software version beyond that 2.1 which they are rolling out This is the most important asset for the fisker owner group, it is the heart of their cars and the updates that might be rolled out. And it is an important achievement that they seem to have filed for bankruptcy in time cause if they were too late then the assets would be sold and the employees would get fired but the insurance would pay for them. But then you would loose all hopes for anything more.
FISKER should get some very rich Saudis, Qataris or Arabs to invest big in Fisker! Lucid also can do it. Why not Fisker!? Qatar, Emirates, Etihad Airlines... They have money for Fisker car production!
Rising 80 % month. FSRN... Fisker. Nearly 7,000 Ocean Suv EVs delivered globally. Now 24 increasing dealerships as the EV sector delivers more vehicles and charging infrastructure in 2024 over 2023. Thumbs Up Fisker/ Ocean videos/ comments to keep growing your investments. Thanks
If I was a multi-Billionaire I'll buy Fisker then change the name, discontinue the Ocean but bring it back years later under a new name that has fixed issues people had with the old one. Make the Alaska and Pear then hire new designers because Fisker and his wife won't be there no more. Make a few hybrids and spend lots money on ads to get our name out there like blockbuster movie.
Hallo fisker Show from AGK DTS Hypo Economist Konzept Institut maison des associations Thüringen united Germany evangelische Union weaponsmith Faktory.
@@Ocean1_FSR that number could determine the fate of Fisker . And given its not Fisker’s first rodeo, it might have structured itself in a way to offload the debt on its subsidiary while protecting the US mothership and to continue to operate “business as usual” … I’m speculating obviously but we shall see how that plays out for the company
Over the last three years you were predicting $100+ stock prices for FSR on ST and I tried to tell you that you were wrong. You told me I was flat out wrong and you blocked me. Now you are predicting doom and gloom and the bankruptcy of FSRN. I am going to again tell you that you are wrong. A FSRN investor today, has a far higher chance of success in terms of return on current investment $0.07/share than it ever did before. HF and GF were criminally incompetent and with them now puppets of a fully capable DiDonato the company will be turned around. Now is the time to be buying.
If FISKER somehow survives, they should hire you to be on the social media team. You have a lot of heart and are a fighter for this company. Kudos to you, Ocean1, for all your efforts.
I agree totally!
Sincerely appreciate your efforts to help us understanding what is going on with Fisker ⚡️🍀🚙
With a very cooperative noteholder..I see an out of court restructuring as the next possible step if no partnership/ Buyout/ financing happens soon.
No matter what happens, I''ll be glad when this is all over. Worrying about whether or not Fisker will go bankrupt has been a source of anxiety in my life. Still waiting on 2.0. If I can get that and my title/tag, I'll be happy enough
Thanks for the Videos Ocean1
Im from Austria, newspaper says Fisker Austria announced biggest Bankruptcy in Steiermarks History 1.34 Billion. Creditors gets 30% if Accepted Chapter 11
They are clearly trying to get there shit together
?
Some auto company should step in and take it over as it's a really cool car
Great news : Fisker Secures $3.5M in Gross Proceeds, Eyes Further Funding Up To $7.5 Million
I agree with your conclusion. Many posters on Reddit agree with you. So sad! I would like to thank you for all you have done with your videos and hope you’ll be able to enjoy your Ocean for years to come. Thanks
Thank you for the quickness. I thought it was hard to read too
Fisker Austria will be restructured, taking on the debt, this will be offered around 30% to the creditors, payable over two years if accepted allowing Fisker US to continue 🇺🇸💪💵
I hope so! Keep praying 🙏
Dear Matthew, it seems what you said is right 👉 there is a channel called EV GO that just stated that FISKER waived the debt to FISKER Austria 🇦🇹 and they plan to pay 30% of the debt.
If this happened, it meant a kiss of life to FISKER. Isn't it?
Mr. Ocean 1 - Magna is opening a plant in Mesa, AZ. What do you think? Magna can just take over and build Oceans, Pears, and Alaska as they're similar vehicles in most respects.
I am not aware of any such plant for manufacturing. Magna has plants all over the 🌎. But only a handful are for manufacturing cars. But even if true, Fisker needs money 💰
@@Ocean1_FSR - Please google it. It is in the news. My thinking is the Magna will take ownership of the company with perhaps other business partners.
It’s been raining filings today!
so sad for this beautiful car!
We are listening 🎧
If you are a noteholder and a shareholder at the same time, would you let it go bankrupt?
Good video. Would you know if Fisker Austria is the actual subsidiary that buys the vehicles from Magna Steyr?
No idea
check out my answer above: this is the most important company for your owners. they are the link / hub or bridge from Fisker inc to Magna, the manager of the software developement, the packaging and deployment, also the management to Fisker what to build and when to be delivered and what not. I guess that the cars had not bee sold to this subsidiary cause they are shown directly in the fisker inc. documents where usually only fisker Austria would be visible as an asset and right now with a value of 0 or even below.
Magna wanted money from the big one, I bet, so they billed and delivered to Fisker Inc. where Fisker Austria might have had 10employees to check the quality at the delivery or hand over but that could have also done in Bremerhaven as a big overseas shipping port for cars - or maybe in italy if they shipped it that way to the USA.
Yup, I agree with your final assessment. The noteholder is trying to extend the time before filing to recover as much money as they can - which is a totally rational thing to do. The Austrian bankruptcy probably could've triggered a whole domino effect of defaults that would throw the whole thing into BK, so seems smart for them to carve that out. Have you listened to the Magna conference call - they stated that they do not forsee restarting production on the Ocean. It's quite possible that Magna is already retooling the factory for someone else, and once that's done the cost of restarting will jump up making the economics of any partnership/acquisition of Fisker unworkable. This is like watching a train wreck in slow motion. Finally, the silence of Henrik and Geeta during this time is very telling.
I didn't listen to their call but I am aware
@Ocean1_FSR I don't think the noteholder is getting anything from Ocean sales right now. All sales are just covering current expenses. I don't see the benefit in them waiting and then bk. Cash keeps going down.
We are moving inventory
It is possible that what your saying is going to happen. But if fisker still around in 2 months. Fisker has better chance to survive. Good luck
Hey, do you have a link for the article? I don't come across it online,
Your assuming the money from current Ocean sales is being used to pay the 2025 noteholder? I dont think thats the case and the cash is being used for payroll and other necessary costs. I disagree with your final assessment.
Not exactly what I said or am assuming, but I understand.
Any hope left for public shareholders? We are down under 4 cents?
Probably not
Put what’s left of your money on TSLA.😊
@@colayco Bought long when it first appeared selling in the mid 20s. Then shorted below 10 a few times till it hit a dollar. At 4 cents I was hoping for a last pop but it looks dead in the water. As for Tesla, not a chance, not a play.
ok... I get your point about why note holder wanting to give more time to fisker to sell every last Ocean before chap 11 but can you explain why fisker would want to sign new dealers and sell cars to give the money to the note holder when they can just file chap 11 ? are you saying fisker and the dealers are just stupid? sorry you're no making sense to me at least
The way I view that is Fisker is providing the dealers an incentive to become dealers. The dealers feel financially motivated to sell Oceans.
@@Ocean1_FSR so you're saying the dealers are aware the company will file chapt 11, and still take on the sales challenge for fisker oceans and would be honest with customers about chap 11 and hope customers will take the cars off their lot? sounds like a big gamble to me , for the dealers
@@Ocean1_FSR and how are you gonna make any money if you're selling the cars at loss and also giving incentive to the dealers? wouldnt it be easier to file chap 11 and let the court put the cars up for auction like everyone else?
I think what is happening here is the dealers (who are under no obligation to provide any warranties or services) are making bank by selling the Oceans at steeply discounted prices. Are they for sure Fisker will file Chapter 11? No, not at all. But they probably expect it. If the cars go to auction AFTER BK to be liquidated, they probably bring a lot less than they would now.
@@Ocean1_FSR well they better be a hell of a salesman , the moment you tell the customer the company is going BK they will just wait for to buy it at an auction, and if you dont tell them you risk getting sued lol so if you are right then the dealers are gambling big time on this one , worth the money? who knows
Hey can you review the announcement. Please🙏
Will do, but later tonight
@@Ocean1_FSR They just posted a bunch of filings
Didn't we learn in elementary school to not write run on sentences. Hate lawyer reads. Always seems like intentional confusion.
Just read a guy stating that all Euro1.34B debt was transferred to the Austrian subsidiary before Austrian's bankruptcy...
a guy named Daniel Flockinger wrote the following: "They have shifted the entire Debt of 1.3 Billion to the Austrian subsidary. The Inc. will continue to exist without debt. The Debt is parked in the Austrian Fisker GmbH and this company will be the one to restructure."...
seems too easy and too good to be true, no?
I highly doubt this. Seems 100% illegal.
@@Ocean1_FSR Daniel Flockinger goes on and says: "It’s a fact. They show a debt of 1.36 Billion in the first issue of the insolvency proceedings."
"Unfortunately, this information is not openly available. So, i can not share a link. But it is confirmed that the company has a debt of 1,34 Billion EUR in their books. And thats more or less the full fisker debt."
@@ricardocrypto4298he post spam. Don't listen to that garbage. It's not real
A portion of the debt must have gone away because of Austria BK. It is perfectly legal.
If I were a betting man and I'm not, I would bet the farm that they go for 7 vs 11. Just my "gut" feel but now that I'm a FOE owner, I hope to hell that I'm wrong. 🙄
I think noteholder didn't get what they want this time, Fisker hired very strong team, I feel still merger/cash infusion.
We know is a Longshot. Chances are the ot goes bk. But if it doesn't and fisker still around in 2 months. The chances improve alot. I also see on RUclips all of the evs fisker channels dump on the company is much as they can because people only like to see the bad staff. Let's no see dose channels and help fisker get better reviews. Thank you and good luck to all of us
Could you elaborate on why you think “chances improve alot” in 2 months if they don’t go BK? I would think, the company will totally run out of money.
read my comment from a minute ago: the key unit for you as owner is the austrian Fisker GmbH which means limited.
This unit of 50 employees is the center of the software developement and deployment and also the hub or bridge or link between Fisker inc and the car manufacturer Magna.
They filed on 7th may for bankrupcy in self management which means in short they are working on the goal to deliver as much cars as possible and provide updates based on the documents. Selfmanagement means, they are allowed ot continue to operate for 3 months without the debts and obligations of the past - the employees also get paid fully by the unemployment insurance which means no employee can stand up and leave cause all contracts are still valid.
Therefore the staff is still there working and maybe preparing another software version beyond that 2.1 which they are rolling out
This is the most important asset for the fisker owner group, it is the heart of their cars and the updates that might be rolled out.
And it is an important achievement that they seem to have filed for bankruptcy in time cause if they were too late then the assets would be sold and the employees would get fired but the insurance would pay for them. But then you would loose all hopes for anything more.
So they just wait for the car to sell out
FISKER should get some very rich Saudis, Qataris or Arabs to invest big in Fisker! Lucid also can do it. Why not Fisker!? Qatar, Emirates, Etihad Airlines... They have money for Fisker car production!
Yes, the PIF Public Investment Fund has invested billions of USD in Lucid, and Lucid is still suffering.
Rising 80 % month. FSRN... Fisker. Nearly 7,000 Ocean Suv EVs delivered globally. Now 24 increasing dealerships as the EV sector delivers more vehicles and charging infrastructure in 2024 over 2023. Thumbs Up Fisker/ Ocean videos/ comments to keep growing your investments. Thanks
Well done. And I think you’re right. Bankruptcy is right around the corner.
If I was a multi-Billionaire I'll buy Fisker then change the name, discontinue the Ocean but bring it back years later under a new name that has fixed issues people had with the old one. Make the Alaska and Pear then hire new designers because Fisker and his wife won't be there no more. Make a few hybrids and spend lots money on ads to get our name out there like blockbuster movie.
Should be Chapter 7. This company has no hope for the future.
Hallo fisker Show from AGK DTS Hypo Economist Konzept Institut maison des associations Thüringen united Germany evangelische Union weaponsmith Faktory.
?
What percentage of the “whole” debt will Fisker end up “taking off of its shoulders” by filling bankruptcy in Austria ?
I have no idea 💡
@@Ocean1_FSR that number could determine the fate of Fisker . And given its not Fisker’s first rodeo, it might have structured itself in a way to offload the debt on its subsidiary while protecting the US mothership and to continue to operate “business as usual” … I’m speculating obviously but we shall see how that plays out for the company
Over the last three years you were predicting $100+ stock prices for FSR on ST and I tried to tell you that you were wrong. You told me I was flat out wrong and you blocked me. Now you are predicting doom and gloom and the bankruptcy of FSRN. I am going to again tell you that you are wrong. A FSRN investor today, has a far higher chance of success in terms of return on current investment $0.07/share than it ever did before. HF and GF were criminally incompetent and with them now puppets of a fully capable DiDonato the company will be turned around. Now is the time to be buying.
So basically you are saying that you read the 8K and have no clue what it means.
Hardly
😵So you haven't seen the video! 🙊