The filing of the 10-K made the OTC Markets remove the "Yield" status with delinquent SEC filing, it is now back to Pink Sheet "Current Information" thanks to it having been filed. That's a very important thing if Fisker can avoid bankruptcy and these shares continue to have *some* value. Thanks for the more in-depth dissemination of the deal with the 2026 noteholder they're delinquent on.
I think filing the 10K itself is meaningful. Once delisted, filing the 10K (and kind of exposing the very inners of the company) was no longer necessary from the SEC and NYSE standpoint, correct? So, why bother? The only reason I find for the filing is complying with the request that we know was present in the financing commitment of $150M reported on March 18th. I think that financing is back on to the table. If you accuse me of wishful thinking, well, I plead guilty!
@ricardocrypto4298 if the $150 million still on the table why the time line to accept an offer to buy the note holder, with all my respect I don’t think that adds up,right?
Any funding and partnership would require the 10- K for potential investors to examine the books of a company. This is basically the beginning of what's to come. Billionaires around the world are reading it, or their financial consultants to be more accurate.
@@pa4x_kronos229 My advice is to never listen to other people's opinion. I remember buying ALPP under 1 cents and watching it go to over $ 7. Do your own Due Diligence and know what you Own.
@@pa4x_kronos229 I'm holding, all I see is a lot of news outlets dumping on Fisker at exactly the right time, like 1 hour before stock market opening. My one piece of advice would be watch what's happening with MAGNA STEYR stock they are heavily influenced by Fisker and need this to work out.
I have decided not to sell any single share until we have the Miracle that can save Fisker; I have adapted myself for the loss in case of Bankruptcy. I kindly request you to explain our Financial loss in the case you describe in this video:- Case 1. Complete Bankruptcy, Case 2. Partial Bankruptcy, Case 3. FISKER Buyout. I would be immensely grateful if you could make a short video about the impact of these three scenarios on the value of our shares. Thank you a million.
@@abaza.ibrahim there's still hope. Fisker buyout = no financial loss ; Partial Bankruptcy = they freeze your money for some period of time Complete bankruptcy = you lose all money
The 10- K is only useful for Fisker...FSRN .to uplist to a higher OTC tier....OTC QB or OTC QX....and also financials needed for any partnership or financing fundraising. I see Out of Court restructuring as the next step if no agreement on Wed. Loaded the Dip this morning..Thumbs Up video/ comments.. Thanks.
This is what I warned people about on reddit prior. They still have no cash. The only reason they aren't already broke is due to the delays on note collections. Even with the delay, Fisker is still going cash negative very soon. They aren't even producing cars right now, just selling pre-existing inventory, and they're getting killed on their margins. Unless someone is dumb enough to throw them another billion+ dollars it's bankruptcy for Fisker. That 1b is just 1 hit of oxygen to a nearly suffocated company.. That 1b will cover the notes alone. Then you have to operate under the assumption Fisker will somehow start making money revamp production somehow and not keep losing on every car they sell.
If the best case senario happens and they do manage to survive by restructure under ch.11 or gets bought out by lets say magna,, those equal Goodbye all current shareholders. :/ ch. 7 is most likely though.
Index to financial statements part 1, I just copy and paste here one small part of the 10k "Our first model, the all-electric Fisker Ocean, has already garnered numerous awards for its design. As of April 16, 2024, the Company has delivered over 6,400 Oceans." So this is updated and that is it bad news since they only sold that amount? Correct me if I'm wrong, thank you for all the information you have gave us!
That is 2023 Ocean sales of 4,900 plus Jan / Feb 2024 sales of 1,300 that was reported on earnings call and maybe March. April not yet reported for 2024.
True. Not a good number, at all. However, the deep discounts were not applied to a meaningful part of the inventory, correct? So, I am not sure Fisker was truly expecting to sell all the inventory during the fire sale.
I highly doubt anyone would buy the company right now, but if they do, a quarter per share sounds good. I have a lot of shares, but I'm not sure if it's worth it to hold onto them until the end. What do you think?
If the Company does not receive adequate relief from its debt holders and additional sufficient liquidity from potential liquidity providers to meet its current obligations, it expects to seek protection under applicable bankruptcy laws in multiple jurisdictions within 30 days from the issuance of these financial statements (see further discussion of, among other items, waivers, forbearance of the 2025 Notes and delisting considerations within Note 20, Subsequent Events). START THE CLOCK - 30 DAYS FROM 04/23/24 - BANKRUPTCY LOOMS. 13 weeks, or 28 days a month, equals 364 days…some use 13 weeks to even out planning.
@@Ocean1_FSRyes, perhaps. If reading the language in the note above, from the 10-K, please note that “relief from its debt holders and additional sufficient liquidity from POTENTIAL LIQUIDITY PROVIDERS, to meet its current obligations “, prods me to ask, what is a “Potential Liquidity Provider”, or should I ask “who is a potential liquidity provider”?
Thanks as always for your calm and rational perspective. What’s your first name anyway? Always want to reference you when I share your vids but don’t know your name 😂 #GeetaGottaGo
The news about more layoffs looming is the real sign for me. Yes it's possible that the layoffs are a strategy a part of the reorganization to balance the books, but if they were getting the cash infusion they needed, and/or were in solid talks on the rumored Stellantis/Maserati deal, I don't think we'd be hearing about layoffs right now. After hearing that, I'm more sure now that they're preparing for the bankruptcy filing and there's no chance of saving the company. Henrik has ruined any options he had to save this sinking ship. It takes a great deal of ego to launch a project like this, so I don't believe he will take anything from it personally and will look to blame everyone else but himself. Well we need to let him know clearly that we blame Henrik and no one else.
I do not get this... It costs from $1.5 to $2billion to build a car, pre-production! Fisker Ocean is there, finalized and already being built. The car is great and, after software version 4.0, some will call it fenomenal! There are two other projects that seem to be in advanced phase of development. There is a lot of value in the company, from my standpoint. However, the stock price tells me I am delusional. I just do not get where I am sooooo wrong.
The 10-K is the necessary tool to begin partnership offers or needed financing...Offers could come from anywhere in North America, Europe, Middle East or possibly Asia.
magna employees assigned to the fisker pryoject got released yesterday.... so not sure where this leaves us - Source: I know of an employee for Magna that was released
also why would anyone buy fisker pre-bankruptcy? wouldn't it be smarter for a potential buyer to wait til BK and then scoop up fisker assets at pennies on the dollar?
@@Ocean1_FSR Yes, All of them, and the fisker employees still at Magna, are going to be released once they are done updating all built cars on magna property to is 2.0 - source - a fisker engineer at magna, who is actively looking for another job now
Yep, a buyer would want as much of the debt as possible to be discharged before buying. Otherwise, they'd have to assume the debt. Ask Stellantis. They picked up Chrysler after bankruptcy so they didn't have to deal with the existing liabilities, especially the underfunded pensions.
dude company gets bought out here means class A shareholders are wiped out , unless you are shorting the stock you shouldn't be hoping for buy out , best option is cash infusion and I believe that is what we are about to get
There was no statement of "divorce". It was simply a long list of risk factors that could at any point affect the company based on its current business model and leadership structure. Just like a list of potential side effects on a bottle of meds.
@@Ocean1_FSR how is that relevant? you could be a long yesterday and short today lol i'm saying you should say if you a long or short at the time of making this video and presenting your opinions
The filing of the 10-K made the OTC Markets remove the "Yield" status with delinquent SEC filing, it is now back to Pink Sheet "Current Information" thanks to it having been filed.
That's a very important thing if Fisker can avoid bankruptcy and these shares continue to have *some* value.
Thanks for the more in-depth dissemination of the deal with the 2026 noteholder they're delinquent on.
13 week budget is to control expenditures during bankruptcy proceedings
I think filing the 10K itself is meaningful. Once delisted, filing the 10K (and kind of exposing the very inners of the company) was no longer necessary from the SEC and NYSE standpoint, correct? So, why bother?
The only reason I find for the filing is complying with the request that we know was present in the financing commitment of $150M reported on March 18th. I think that financing is back on to the table.
If you accuse me of wishful thinking, well, I plead guilty!
I think a buy out is on the table 😁
I hope so
@ricardocrypto4298 if the $150 million still on the table why the time line to accept an offer to buy the note holder, with all my respect I don’t think that adds up,right?
@@Ocean1_FSR did you see Reuters dropped bank protection news article, just as the Market opened. Not by coincidence 😡
Any funding and partnership would require the 10- K for potential investors to examine the books of a company. This is basically the beginning of what's to come. Billionaires around the world are reading it, or their financial consultants to be more accurate.
Thanks for the video
@@pa4x_kronos229 My advice is to never listen to other people's opinion. I remember buying ALPP under 1 cents and watching it go to over $ 7. Do your own Due Diligence and know what you Own.
@@pa4x_kronos229 I'm holding, all I see is a lot of news outlets dumping on Fisker at exactly the right time, like 1 hour before stock market opening. My one piece of advice would be watch what's happening with MAGNA STEYR stock they are heavily influenced by Fisker and need this to work out.
@@pa4x_kronos229 I am holding. To much convenient bad news at critical points. Watch MAGNA STEYR stock they are closely related
I have decided not to sell any single share until we have the Miracle that can save Fisker; I have adapted myself for the loss in case of Bankruptcy. I kindly request you to explain our Financial loss in the case you describe in this video:-
Case 1. Complete Bankruptcy,
Case 2. Partial Bankruptcy,
Case 3. FISKER Buyout.
I would be immensely grateful if you could make a short video about the impact of these three scenarios on the value of our shares. Thank you a million.
Will consider doing that tomorrow if I can find the time. 🤝👍
@@Ocean1_FSR I am immensely grateful 🙏👍🙏
You have 33% chance that you earn from Fisker shares
@@lbks16 I am sorry, I do not get you! Could you please explain it 🙏🏻
@@abaza.ibrahim there's still hope. Fisker buyout = no financial loss ; Partial Bankruptcy = they freeze your money for some period of time
Complete bankruptcy = you lose all money
Agreed.
The 10- K is only useful for Fisker...FSRN .to uplist to a higher OTC tier....OTC QB or OTC QX....and also financials needed for any partnership or financing fundraising. I see Out of Court restructuring as the next step if no agreement on Wed. Loaded the Dip this morning..Thumbs Up video/ comments.. Thanks.
This is what I warned people about on reddit prior. They still have no cash. The only reason they aren't already broke is due to the delays on note collections. Even with the delay, Fisker is still going cash negative very soon. They aren't even producing cars right now, just selling pre-existing inventory, and they're getting killed on their margins. Unless someone is dumb enough to throw them another billion+ dollars it's bankruptcy for Fisker. That 1b is just 1 hit of oxygen to a nearly suffocated company.. That 1b will cover the notes alone. Then you have to operate under the assumption Fisker will somehow start making money revamp production somehow and not keep losing on every car they sell.
If the best case senario happens and they do manage to survive by restructure under ch.11 or gets bought out by lets say magna,, those equal Goodbye all current shareholders. :/ ch. 7 is most likely though.
Index to financial statements part 1, I just copy and paste here one small part of the 10k
"Our first model, the all-electric Fisker Ocean, has already garnered numerous awards for its design. As of April 16, 2024, the Company has delivered over 6,400
Oceans."
So this is updated and that is it bad news since they only sold that amount? Correct me if I'm wrong, thank you for all the information you have gave us!
That is 2023 Ocean sales of 4,900 plus Jan / Feb 2024 sales of 1,300 that was reported on earnings call and maybe March. April not yet reported for 2024.
True. Not a good number, at all. However, the deep discounts were not applied to a meaningful part of the inventory, correct?
So, I am not sure Fisker was truly expecting to sell all the inventory during the fire sale.
OMG ,10k is over 500 pages to read thru.
TLDR 😅😅
Accountants have all the Fun .
I wonder what the company would be worth on a buyout. Does anyone think we could get a quarter per share?
I highly doubt anyone would buy the company right now, but if they do, a quarter per share sounds good. I have a lot of shares, but I'm not sure if it's worth it to hold onto them until the end. What do you think?
Thursday is the day for me, it will start the process.
The Price usually derived from the avg trading price of the shares for a certain of time .or an offer the company makes...no way of knowing.
If the Company does not receive adequate relief from its debt holders and additional sufficient liquidity from potential liquidity providers to meet its current obligations, it expects to seek protection under applicable bankruptcy laws in multiple jurisdictions within 30 days from the issuance of these financial statements (see further discussion of, among other items, waivers, forbearance of the 2025 Notes and delisting considerations within Note 20, Subsequent Events). START THE CLOCK - 30 DAYS FROM 04/23/24 - BANKRUPTCY LOOMS. 13 weeks, or 28 days a month, equals 364 days…some use 13 weeks to even out planning.
We are on the brink
@@Ocean1_FSRyes, perhaps. If reading the language in the note above, from the 10-K, please note that “relief from its debt holders and additional sufficient liquidity from POTENTIAL LIQUIDITY PROVIDERS, to meet its current obligations “, prods me to ask, what is a “Potential Liquidity Provider”, or should I ask “who is a potential liquidity provider”?
@@DMan-OceanOneBanks, Hedge Funds anyone with millions to loan. Could be an individual like a Saudi Prince.
@@2023gainer Someone from INDIA!!!! lol
Reuters reported today that bankruptcy is likely to happen tomorrow? I hope they are wrong with a last minute buyout.
Isn't 12:01 am just after the 24th at midnight?
Thanks as always for your calm and rational perspective. What’s your first name anyway? Always want to reference you when I share your vids but don’t know your name 😂 #GeetaGottaGo
Good question! Just call me Bob.
Just known as Good citizen 😅
Buyout 🛎️
Fingers crossed for a line of credit loan with no dilution.
The news about more layoffs looming is the real sign for me. Yes it's possible that the layoffs are a strategy a part of the reorganization to balance the books, but if they were getting the cash infusion they needed, and/or were in solid talks on the rumored Stellantis/Maserati deal, I don't think we'd be hearing about layoffs right now.
After hearing that, I'm more sure now that they're preparing for the bankruptcy filing and there's no chance of saving the company. Henrik has ruined any options he had to save this sinking ship. It takes a great deal of ego to launch a project like this, so I don't believe he will take anything from it personally and will look to blame everyone else but himself.
Well we need to let him know clearly that we blame Henrik and no one else.
That concerns me too, it has been a gambling stock and it continues to be, maybe we have a surprise but at this point it feel like you are right
I do not get this...
It costs from $1.5 to $2billion to build a car, pre-production!
Fisker Ocean is there, finalized and already being built. The car is great and, after software version 4.0, some will call it fenomenal!
There are two other projects that seem to be in advanced phase of development.
There is a lot of value in the company, from my standpoint. However, the stock price tells me I am delusional. I just do not get where I am sooooo wrong.
Everyone focused on noteholder 2025, what about the 2026 noteholder with 645m owed. Why are they so quiet
2025 is first in line
The 10k seems very complex but it appears to be warning of potential bankruptcy. 😢
We are, and have been, on the brink
The 10-K is the necessary tool to begin partnership offers or needed financing...Offers could come from anywhere in North America, Europe, Middle East or possibly Asia.
magna employees assigned to the fisker pryoject got released yesterday.... so not sure where this leaves us -
Source: I know of an employee for Magna that was released
also why would anyone buy fisker pre-bankruptcy? wouldn't it be smarter for a potential buyer to wait til BK and then scoop up fisker assets at pennies on the dollar?
All of them?
@@sandniqqa I can't answer that.
@@Ocean1_FSR Yes, All of them, and the fisker employees still at Magna, are going to be released once they are done updating all built cars on magna property to is 2.0 - source - a fisker engineer at magna, who is actively looking for another job now
@@sandniqqa Thanks for sharing
We need a buyer without HF/GF in put. They really sh*t canned the company.
And there employees
And the retail investors
Yep, a buyer would want as much of the debt as possible to be discharged before buying. Otherwise, they'd have to assume the debt. Ask Stellantis. They picked up Chrysler after bankruptcy so they didn't have to deal with the existing liabilities, especially the underfunded pensions.
dude company gets bought out here means class A shareholders are wiped out , unless you are shorting the stock you shouldn't be hoping for buy out , best option is cash infusion and I believe that is what we are about to get
So wrong..When Musk bought Twitter... Investors got paid . Buyout means buying the shares... buying the company.
I wonder how the divorce of Henrik and Geeta is going to complicate things.
Good for Fisker inc, she the worst
Agreed!
There was no statement of "divorce". It was simply a long list of risk factors that could at any point affect the company based on its current business model and leadership structure. Just like a list of potential side effects on a bottle of meds.
@@K9Trixx yeah well she is toxic ☠️
Good point, I stand corrected. I should have stated, “If they were to get a divorce”.
and you need to say if you are holding shares or shorting them before posting these videos so people can make up their mind about what your agenda is
You must not watch many of my videos
@@Ocean1_FSR how is that relevant? you could be a long yesterday and short today lol i'm saying you should say if you a long or short at the time of making this video and presenting your opinions