I don't really care about my share loss at this point. I'm more concerned with the company survival. It's a great product and if they can get to a place where they can produce the Alaska truck which could be a big seller since trucks are the biggest money makers for OEM s.
Love your videos, always have interesting points to think about although not always agree with them. Keep the great work! See the rational behind Nissan been a potential buyer. They have already conducted some kind of due diligence so they have a good understanding on the company status. Disagree on the price. Should come very cheap and not as a buyout to make a business case. With, say 1 billion, they can redesign and localize Nissan Ariya production to the States and have a very competitive product (also access to tax credits). My bet will be either Magna or a Tier 2 Chinese automaker. Tier 1s already have both the technology and the scale. Could also be attractive to a legacy automaker, particularly those not already having EVs.
I will be praying an offer comes where shareholders survive. A huge cash injection where they now own over 50 percent. It would take share count over 3 billion but it wouldn't impact the float very much.
Here's my bet, but we may never know who they all are/were. Stellantis, Mazda, Honda, Jaguar/Tata, are my 4 picks, and my safety picks, possibly Nissan is back preferring to own it, not share it, or even a Chinese company such as Geely/Volvo or another one needing a foot hold in both Europe and North America. My first 4 picks because we don't how far any of them are in developing EV's and they all know despite the current EV slump they can not be ignored especially with so many countries mandating EV's or percent EV sales. Fisker might even be better to turn themselves into a "Design House" and forget manufacturing and sales, as that's what they are best at.
Fisker Ocean holds the record for EV production in 1st calendar year at over 10,000 Oceans. That makes them a great manufacturer with Zero Recalls and numerous awards. Huge accomplishment.
@@2023gainer I agree absolutely, only issues have been software and warranty repaired (ie vent motors). Definitely not bad for any first year car let alone one with "all" new technology and design. However the Tesla fans seem to like bashing Fisker endlessly. Just remind them all the issues with the Cybertruck especially lately. Gee, had Henrik designed it (Cybertruck), it would have looked a lot different than it does, different than anything else, but a lot better looking! That thing looks like a grade 9 students first attempt at a sheet metal project, good for a grade 9 kid, crap for an actual final product, lol
It's a value proposition. Jaguar is being sold but they already have 2 products with Magna. Could give them a 2nd EV but materials might dilute the brand. Honda was working with GM but now decided to go on their own. Could fit. Could fit for Mazda but they're already aligned with a Chinese EV maker and just showed the first product. How could it benefit Nissan by adding the complexity of dealing with Magna? They cohort definitely use it in their lineup. Intriguing to say the least.
Since we all can make a guess without penalties, my gut tells me it’s Honda. Nissan already tried and sure they’ll want Fisker for less if they have another opportunity. Honda on the other hand is late to the party like Toyota but really wants a slice of the EV market especially in the U.S. and if possible, Europe. With their stopgap measure in the Honda Prologue and then, very recently in the Acura ZDX, you see they’re really itching to get into the BEV market starting with SUVs. Fisker gives them something better than GM is currently offering. Time will tell.
Today Honda announced plans to invest in the construction of a battery plant plant and EV manufacturing facilities in Ontario Canada, price tag $15 billion. Is Fisker a compelling enough a design for Honda or is their design team itching to develop something with Honda/Acura DNA.
Being a former Alaska Reservation holder, I'd love to see Toyota. Their EPU EV truck has similar dimensions, a folding midgate and targeting the same customers. If not Toyota, then that Vietnamese company Vinfast. They too could benefit from Fiskers' patents for their VF Wild EV truck. See the theme here? I want anyone who has a small-midsized pickup truck cooking to scoop up Fisker😅.
Hmmm, not sure about Toyota, possible but I think they are pretty advance in electric motor and battery tech even though they aren't pushing EV's themselves. However they could be interested in some design capabilities of Fisker and mesh the best of the 2 technologies and fast track into EV's. Possible. Vinfast didn't even cross my mind. I haven't seen them as a serious EV contender, "yet", also not sure if they would have the cash or not, maybe. Then again Fisker could balance out some of their design inadequacies and of course merge the internal tech as to where each company has the better tech. Plus now you mentioned them, Vinfast may be able to build fast and cheap. I always wondered if going with Magna Europe was an expensive proposition to build cars (too BMW if you will). They really could use someone who can build those Pear's cheap but decent quality, Alaska's too.
Vinfast is in equal trouble as Fisker. An investigation revealed that 90% of the cars they claimed they sold....were actually artificially bought by companies owned by Vinfast CEO to inflate sales... And investigation revealed large graveyards of those sold cars just sittinflf, rotting on lots. It was yesterdays automotive headlines. Look it up. Sad situation with Vinfast as well.
I hate to say this but nobody will buy right now. No deal will pass due diligence with the failure to file proper financials. Whoever buys Fiskers assets will do so as part of a bankruptcy so that they can get the IP without the legacy costs. The company does not have enough assets to justify a buyout. I do hope someone actually does buy the IP and does something with it. The Ocean and the Panda are such cool designs.
It might be a very basic question but would like to ask, What happens to the stock holders if Fisker declares bankruptcy and then any OEM buys it? Would they get any?
@@upendragupta A company like Fisker with a history of mismanagement is likely to get sold off in pieces. If those pieces are worth more than the debts anything left goes to the shareholders. But the odds of that are pretty low. When a company stops filing complete and proper financials they are hiding something. It’s very sad because good people will be hurt.
Too much debt, too many future service problems, too bad a reputation. Not saying it can't or won't happen, but it needs to happen soon and Henrik has lost all bargaining power. If we hear afterwards that Fisker could have been saved in 2024 if it weren't for Henrik and Geeta's egos, I won't be surprised, but I'll be even more disappointed.
I agree this is a great car. Love, love my ocean one. Got some envious looks today by lucid owners when I drove by in California mode with my music blaring. Lol
Approx, 10,000 oceans produced, 5,000 sold. I would be concerned that Tesla purchased Fisker only to shut it down and kill competition from Fisker, then write the entire thing off as a loss. They could also offer Ocean owners trades into a new Tesla. Picking up the 5000 existing Ocean owners as new Tesla customers.
Technically Fisker is out of time. With insolvency in less than 30days, no company will be able to complete their due diligence in time. Any buyer can easily wait for the complete distruction of Fisker and pick up the pieces/assets for a song and without bearing any debt obligations and buggage. I can't see a buyer wanting to commit good money after bad before filing bankruptcy ch 7 or 11. If the Fiskers have complete control via class B shares any way, then class A shares are a complete scam.
Delorean but honestly i dunno. Thing is I'm not sure what they're really getting other than intellectual property. They went get any factories or equipment. I think maybe land Rover.
In the grand scheme of things, I think having someone buying out Fisker will benefit the car owners, but I am not sure if the shareholders will be winning in this case. Chances are whoever buying will offer a per share price that is not going to be far above what its currently trading at, if they were to offer a premium at all. Unless the valuation of the company is discovered to be much higher than the current traded share price, would someone offer a price that is significantly higher than the traded value. But we all know the company has limited IP, high debt and asset light -- meaning there is not much worth in the company. So I highly doubt any buyer will come and swoop the company for more than what's its currently traded at. Moreover, this is a buyout... meaning 100% the shareholders will be wiped out because the buyer will buyout the outstanding shares by cash.
That’s not how it works with buyout in consideration of outstanding share purchase you need a lot more homework and understanding to makes talks ignoramus
The CEO / family have the majority voting shares because they created Fisker Inc and they will decide what price to accept. We can move the stock price higher 5 days a week. It could be a cash Buyout like Twitter or we could hold and get shares of new co in place of FSRN shares, or both. Could be cash infusion from an investor and Fisker keeps operating as is. Next 3 weeks is work harder as investors and wait and see
What assets does Fisker have? They don’t own the production facility so basically it is intangibles like the design and some other intellectual property. What would the realistic value of that be? I have a feeling that the only folks with any real potential benefits from continuing production are Magna but does a parts manufacturer want to wade into the retail part of the car business?
I would think so, at least at a small scale. They were close to acquiring Opel some time ago and as a mayor parts manufacturer and a niche vehicle manufactures (under contract) it could be attractive for them to showcase their capabilities to other OEM customers.
if Magna does want to continue building any of the cars then they will just wait for Fisker bankruptcy and buy just the patents or other rights needed to continue manufacturing. But they’ll also need to establish sales and service arms which I doubt they will do themselves. They will have to look for a partner for that - maybe a small car company that has a good reputation like Mazda or Subaru. Magna has some captial investment to lose here. I assume my shares are worthless no matter what. I always seem to buy stock at the wrong time.
Thanks for the content and your insights. I personally don't think Nissan is at the table. I think I heard they signed a development deal on a new pickup with someone else and they have the Ariya. I'd guess Tata group since they have only the aging Jag electric (which I think is also made at Magna) Possibly someone else with excess US capacity so they could make Oceans and Alaskas that are eligible for tax credits under the IRA. Subaru only makes the crappy Solterra based on Toyotas half a$$ attempt at a battery electric, so maybe them. Stellantis maybe since Dodge is years behind and Fiats are too small for most Americans. They have US plants and maybe cash or stock to swap. I wonder why tech companies are not interested. The car part is great, just needs software and someone who knows how to run a company... Hello Alphabet (maybe we'd get Android auto!)
Buying companies want the cheapest price and that probably means let it go bust and buy it at knock down price unless there is a real competition for it. Honda, Nissan, Tata don’t have a good EV platform yet. I think if bought the question is will they support existing vehicles?
HENRY has already said goodbye to his company. He knows they will go bankrupt. Why everything at the last minute? Why do buyers come out together a few days before the bankruptcy? Why didn't they come out sooner? When Henry created his company, he did not think about the long term, about having a car for generations. It only seems that he thought in the short term. in obtaining profits from the sale of shares when they reached almost 30 dollars.
I am a little confused about Chapters 7 and 11 “ please correct me if I am wrong “. Bankruptcy protection is different than Chapter 7, 11? Please explain 🙏 Please explain it, in addition, if HF apply for bankruptcy protection my shares will still have a value according to the current mark prices. Please explain it. 🙏🙏🙏
Chapter 7 shares will be worthless. Chapter 11 shares will trade for awhile (most likely) but will eventually rise or fall based on the events that unfold during chapter 11. In chapter 11, shares usually don't survive, but they can.
Chapter 11 is sometimes called a reorganization bankruptcy. A business uses this when the business believes it can succeed but needs to restructure its debt (for example). It is overseen by a court. I believe a judge approves the business plan and makes decisions regarding how the company can proceed, how debt is reorganized, etc. Chapter 7 is used when a company truly goes out of business. Its sells whatever it can to pay whatever debtors it can. The company ceases to exist in a legal sense.
@@gstead11 Exactly. The whole idea and why Chapter 11 even exists is so a "viable" company can continue. As you said shareholders may or may not survive reorganization either voluntary, or within chapter 11. In fact if a company is bought out during Chapter 11 shareholders may or may not receive something.
I will say this. If this article is true about 4 OEMs interested then Henrik better be stating the facts and being honest about this because if these all fall through there should be an investigation to make sure it was factual because if not it could be considered manipulation. So, assuming he realizes this then if the article is correct then this is good news and we all hope something comes of this.
Wealth comes to many investors if funding offers come in to and Fisker is not bought out. A Buyout is less of a win unless you are holding maybe 250,000 shares under 10 cents avg. This Buyout is Great for Fisker Ocean owners and hopefully most employees.
I'll point to the statement in the meeting where HF said one of the offers was "inadaquate". Companies out of money or options do not receive "inadaquate" offers. I will also point out there was no press release. This was an employee secretly taping the meeting. It's over.
@@2023gainer Great point if Fisker had 30 days to live. It's a buyers market for a company with zero assets. There is not nearly enough lipstick for this pig.
How is it possible that a man with many years in the car market, with experience, who worked for BMW, among other companies, and knows many tycoons, has brought his own company here, on the verge of bankruptcy. It seems to me that I only created the car thinking about short-term benefits and not long-term benefits. The profits obtained from their actions reaching almost 30 dollars are large profits obtained at the time.
Friends, be careful, what Henry Fisker does sounds like a trap. Law of contrary sentiment. Stocks will always seek to rise when we are not incorporated. Here, if the shares were going to go up, he shouldn't have said what Henry announced today. This is over.
How is it possible that a man who has had the opportunity to meet many multi-millionaire people, great businessmen for years, gives the impression of begging. When you started the company, didn't you think about a buyer in the future? This all seems very strange to me.
No matter what the eventual outcome of 1000 ways this could end, the shareholders will be screwed from SP point of view, guaranteed. HF and GF are only looking out for themselves and not anyone else
That is the opposite of the EV industry purpose of improving the Global Air Quality and Saving Lives and improving health. They could of started a much easier and profitable business. Plus they lowered outstanding shares from 589 million to 343 million shares recently.
In the stock market when there is negative news it is because something positive is coming. and when we hear positive news it is because something negative is coming.
Every mayor legacy automaker has EVs now and they are loosing tons of money on each one. There are also several startups trying to gain some share of the market (e.g.: Rivian, Lucid, Canoo, etc.), also loosing money at this stage. There are also at least 5 very competitive Chinese manufactures putting out very attractive EVs, deep pockets from the Chinese government. Market is very different now than it was just a couple years ago. The idea of Fisker been 2nd just after Tesla is just not true. It is an extremely competitive market. There are lots of things Google can do with 2 billions that will have better potential returns than EVs.
Nissan is a bit of a joker as a partner, or as a buyer goes, do to their French connection, that it's a little complicated around IP -intellectual property, it comes down to licensing/IP/patents, all of Nissan EV has a share platform with french Renault, so with a partnership with Fisker Inc. Renault would also need to use the Fisker Ocean platform and pay for licensing to Fisker?, or should Fisker Inc. be part of Nissan and Renault supply and use Renault part and pay for licensing?, well Fisker Inc. is only using outsource suppliers, but French Renault is known to be hardball on business side, special if they should pay to outsource licensing. The Catch22 is Nissan and Renault already have developed the next EV platform/ "the skateboard" over the next couple of years to roll out 35 electric car models by 2030 using platforms they plan to develop together. Our Fisker Ocean and the coming Alaska could be just built in the US on the Nissan plant, but there are no space to share the Fisker Ocean platform with Renault, and they would also have to be involved in some levels in the talks, so my suspicion tell Renault have been a play who overcomplicated the deal. Here is a link to Nissan Ariya Renault sister with the CMF-EV platform:ruclips.net/video/Oh1JaxenQM4/видео.html&app=desktop
I have a funny scenario...Hinrick sold his house for 25mil then bought shares at .017 then sold at .09 then bought the float ar .024 he owns all the shares😂
Nissan has billions and didn't have a 10-K from Fisker before to reach a partnership. We have 3 weeks for more potential Buyout offers, funds or partnerships. A wealthy individual could also buy Fisker.
Nissan is struggling themselves so that ain't gonna happen. I know reality is hard. The reality is, Fisker is a horrible business guy. This is the 3rd one he has run into the ground. Electric vehicles are proven to be failures. So I am sorry for you, but you really are giving false hope to people who need to wake up, adjust, get used to admitting you all made a horrible mistake, pick yourselves up, dust yourselves off and move on and come back to sensibility and get away from the electric nonsense. i wish you well.
Electric vehicles in North America are Very Profitable for the last four years. The government put out Billions of incentives to build these cars? You take 20 million out of 2 Billion large, build the vehicle, sell a few , and then Golden Parachute to your next adventure before the Next Election. Now- do you taxpayers and poor Rubes who bought this Stuff........Understand The Game.....????
Lol😂? Electric vehicles as a whole? You must be one of those nuts getting arrested for keying and damaging EVs. Porche is about to sell more EV Macans than they ever sold in petrol Macans. Model Y has been the best-selling vehicle in the world, period.
@@BremboT I have never and will never key anyone's car. Electric car sales are falling through the floor. The trade-in value after they have 500 miles drops by about 60%. If you are ok with that, then that's on you, but to lie about the situation shows the bias you have.
Was following you until you got to your last statement about the “electric nonsense”. Electric is the future. You deniers are reading too much into the slow down. With the advances being made with electrification, it’s only a matter of time. Now, perfectly understand you would stick with your gas vehicles but the generation behind you aren’t so prejudiced.
Fisker has the BEST LOOKING EV design in the market.
Keep em’ coming…. As a shareholder and Ocean Ultra owner your my favorite source for the latest in Fisker! Truly appreciate what you do….
I don't really care about my share loss at this point. I'm more concerned with the company survival. It's a great product and if they can get to a place where they can produce the Alaska truck which could be a big seller since trucks are the biggest money makers for OEM s.
How are you in loss Fisker was up nearly 80% yesterday alone, if your not DCA then get on it
Serenity, Courage, and Wisdom...let's see what happens.
2020 was the initial design stage from FISKER and MAGNA. 4 years work will not be thrown out easily
I was told at the Fisker center here in California that they at least did have a contract with a service partner 🤷🏻♀️
Love your videos, always have interesting points to think about although not always agree with them. Keep the great work!
See the rational behind Nissan been a potential buyer. They have already conducted some kind of due diligence so they have a good understanding on the company status. Disagree on the price. Should come very cheap and not as a buyout to make a business case. With, say 1 billion, they can redesign and localize Nissan Ariya production to the States and have a very competitive product (also access to tax credits).
My bet will be either Magna or a Tier 2 Chinese automaker. Tier 1s already have both the technology and the scale. Could also be attractive to a legacy automaker, particularly those not already having EVs.
I will be praying an offer comes where shareholders survive. A huge cash injection where they now own over 50 percent. It would take share count over 3 billion but it wouldn't impact the float very much.
Here's my bet, but we may never know who they all are/were. Stellantis, Mazda, Honda, Jaguar/Tata, are my 4 picks, and my safety picks, possibly Nissan is back preferring to own it, not share it, or even a Chinese company such as Geely/Volvo or another one needing a foot hold in both Europe and North America. My first 4 picks because we don't how far any of them are in developing EV's and they all know despite the current EV slump they can not be ignored especially with so many countries mandating EV's or percent EV sales. Fisker might even be better to turn themselves into a "Design House" and forget manufacturing and sales, as that's what they are best at.
Fisker Ocean holds the record for EV production in 1st calendar year at over 10,000 Oceans. That makes them a great manufacturer with Zero Recalls and numerous awards. Huge accomplishment.
@@2023gainer I agree absolutely, only issues have been software and warranty repaired (ie vent motors). Definitely not bad for any first year car let alone one with "all" new technology and design. However the Tesla fans seem to like bashing Fisker endlessly. Just remind them all the issues with the Cybertruck especially lately. Gee, had Henrik designed it (Cybertruck), it would have looked a lot different than it does, different than anything else, but a lot better looking! That thing looks like a grade 9 students first attempt at a sheet metal project, good for a grade 9 kid, crap for an actual final product, lol
It's a value proposition. Jaguar is being sold but they already have 2 products with Magna. Could give them a 2nd EV but materials might dilute the brand.
Honda was working with GM but now decided to go on their own. Could fit.
Could fit for Mazda but they're already aligned with a Chinese EV maker and just showed the first product.
How could it benefit Nissan by adding the complexity of dealing with Magna? They cohort definitely use it in their lineup.
Intriguing to say the least.
Very nice thoughts.
Since we all can make a guess without penalties, my gut tells me it’s Honda. Nissan already tried and sure they’ll want Fisker for less if they have another opportunity. Honda on the other hand is late to the party like Toyota but really wants a slice of the EV market especially in the U.S. and if possible, Europe. With their stopgap measure in the Honda Prologue and then, very recently in the Acura ZDX, you see they’re really itching to get into the BEV market starting with SUVs. Fisker gives them something better than GM is currently offering. Time will tell.
Today Honda announced plans to invest in the construction of a battery plant plant and EV manufacturing facilities in Ontario Canada, price tag $15 billion. Is Fisker a compelling enough a design for Honda or is their design team itching to develop something with Honda/Acura DNA.
I like your thinking!!
Being a former Alaska Reservation holder, I'd love to see Toyota. Their EPU EV truck has similar dimensions, a folding midgate and targeting the same customers. If not Toyota, then that Vietnamese company Vinfast. They too could benefit from Fiskers' patents for their VF Wild EV truck. See the theme here? I want anyone who has a small-midsized pickup truck cooking to scoop up Fisker😅.
Hmmm, not sure about Toyota, possible but I think they are pretty advance in electric motor and battery tech even though they aren't pushing EV's themselves. However they could be interested in some design capabilities of Fisker and mesh the best of the 2 technologies and fast track into EV's. Possible. Vinfast didn't even cross my mind. I haven't seen them as a serious EV contender, "yet", also not sure if they would have the cash or not, maybe. Then again Fisker could balance out some of their design inadequacies and of course merge the internal tech as to where each company has the better tech. Plus now you mentioned them, Vinfast may be able to build fast and cheap. I always wondered if going with Magna Europe was an expensive proposition to build cars (too BMW if you will). They really could use someone who can build those Pear's cheap but decent quality, Alaska's too.
Vinfast is in equal trouble as Fisker. An investigation revealed that 90% of the cars they claimed they sold....were actually artificially bought by companies owned by Vinfast CEO to inflate sales... And investigation revealed large graveyards of those sold cars just sittinflf, rotting on lots. It was yesterdays automotive headlines. Look it up. Sad situation with Vinfast as well.
Toyota doesn’t know how to build EV’s. At least Nissan does.
I hate to say this but nobody will buy right now. No deal will pass due diligence with the failure to file proper financials. Whoever buys Fiskers assets will do so as part of a bankruptcy so that they can get the IP without the legacy costs. The company does not have enough assets to justify a buyout.
I do hope someone actually does buy the IP and does something with it. The Ocean and the Panda are such cool designs.
It might be a very basic question but would like to ask, What happens to the stock holders if Fisker declares bankruptcy and then any OEM buys it? Would they get any?
@@upendragupta A company like Fisker with a history of mismanagement is likely to get sold off in pieces. If those pieces are worth more than the debts anything left goes to the shareholders. But the odds of that are pretty low. When a company stops filing complete and proper financials they are hiding something. It’s very sad because good people will be hurt.
Too much debt, too many future service problems, too bad a reputation. Not saying it can't or won't happen, but it needs to happen soon and Henrik has lost all bargaining power. If we hear afterwards that Fisker could have been saved in 2024 if it weren't for Henrik and Geeta's egos, I won't be surprised, but I'll be even more disappointed.
I agree this is a great car. Love, love my ocean one. Got some envious looks today by lucid owners when I drove by in California mode with my music blaring. Lol
Approx, 10,000 oceans produced, 5,000 sold. I would be concerned that Tesla purchased Fisker only to shut it down and kill competition from Fisker, then write the entire thing off as a loss. They could also offer Ocean owners trades into a new Tesla. Picking up the 5000 existing Ocean owners as new Tesla customers.
I want to buy a Fisker,what you think 44k for the top modell is ok?
If the the sp rebounds to $1, that’s all I need
If WE move it to $ 1....??
Technically Fisker is out of time. With insolvency in less than 30days, no company will be able to complete their due diligence in time. Any buyer can easily wait for the complete distruction of Fisker and pick up the pieces/assets for a song and without bearing any debt obligations and buggage. I can't see a buyer wanting to commit good money after bad before filing bankruptcy ch 7 or 11. If the Fiskers have complete control via class B shares any way, then class A shares are a complete scam.
Foxconn or Apple 🍏
Apple has already said they sre not building cars...
Delorean but honestly i dunno. Thing is I'm not sure what they're really getting other than intellectual property. They went get any factories or equipment. I think maybe land Rover.
Renault, Stellanis, Nissan…. I’m not sure a buyer will want the debt associated tho. Which, will hurt investors.
Foxconn ?
Thank you for your time
In the grand scheme of things, I think having someone buying out Fisker will benefit the car owners, but I am not sure if the shareholders will be winning in this case. Chances are whoever buying will offer a per share price that is not going to be far above what its currently trading at, if they were to offer a premium at all. Unless the valuation of the company is discovered to be much higher than the current traded share price, would someone offer a price that is significantly higher than the traded value. But we all know the company has limited IP, high debt and asset light -- meaning there is not much worth in the company. So I highly doubt any buyer will come and swoop the company for more than what's its currently traded at. Moreover, this is a buyout... meaning 100% the shareholders will be wiped out because the buyer will buyout the outstanding shares by cash.
That’s not how it works with buyout in consideration of outstanding share purchase you need a lot more homework and understanding to makes talks ignoramus
The CEO / family have the majority voting shares because they created Fisker Inc and they will decide what price to accept. We can move the stock price higher 5 days a week. It could be a cash Buyout like Twitter or we could hold and get shares of new co in place of FSRN shares, or both. Could be cash infusion from an investor and Fisker keeps operating as is. Next 3 weeks is work harder as investors and wait and see
What assets does Fisker have? They don’t own the production facility so basically it is intangibles like the design and some other intellectual property. What would the realistic value of that be? I have a feeling that the only folks with any real potential benefits from continuing production are Magna but does a parts manufacturer want to wade into the retail part of the car business?
I would think so, at least at a small scale. They were close to acquiring Opel some time ago and as a mayor parts manufacturer and a niche vehicle manufactures (under contract) it could be attractive for them to showcase their capabilities to other OEM customers.
@@vladimirgarcia9486 I like that thinking.
Exactly
if Magna does want to continue building any of the cars then they will just wait for Fisker bankruptcy and buy just the patents or other rights needed to continue manufacturing. But they’ll also need to establish sales and service arms which I doubt they will do themselves. They will have to look for a partner for that - maybe a small car company that has a good reputation like Mazda or Subaru. Magna has some captial investment to lose here. I assume my shares are worthless no matter what. I always seem to buy stock at the wrong time.
Thanks for the content and your insights. I personally don't think Nissan is at the table. I think I heard they signed a development deal on a new pickup with someone else and they have the Ariya. I'd guess Tata group since they have only the aging Jag electric (which I think is also made at Magna) Possibly someone else with excess US capacity so they could make Oceans and Alaskas that are eligible for tax credits under the IRA. Subaru only makes the crappy Solterra based on Toyotas half a$$ attempt at a battery electric, so maybe them. Stellantis maybe since Dodge is years behind and Fiats are too small for most Americans. They have US plants and maybe cash or stock to swap. I wonder why tech companies are not interested. The car part is great, just needs software and someone who knows how to run a company... Hello Alphabet (maybe we'd get Android auto!)
Buying companies want the cheapest price and that probably means let it go bust and buy it at knock down price unless there is a real competition for it. Honda, Nissan, Tata don’t have a good EV platform yet. I think if bought the question is will they support existing vehicles?
👉Tata 👈
I think the question should be whether FSRN can re-acquire either the 13-week, 34-week or 233-week EMA. The corporate interest is Tata. Nobody else.
I'd like to see Fisker compete with Tesla.💪🧐
not going to happen. Even if somone buys Fisker... noone will buy any Fisker at regular price ever again. It's over. Probably sooner than later.
I highly doubt it’s Nissan but anything is possible.
NIO EXPENG Li GWM? Its nice to see no one on here thinking outside the American box 😅
Foxconn
The meeting was private. Henrik was pumping you up! If you want swampland just get Henrik to design the pitch for you.
HENRY has already said goodbye to his company. He knows they will go bankrupt. Why everything at the last minute? Why do buyers come out together a few days before the bankruptcy? Why didn't they come out sooner? When Henry created his company, he did not think about the long term, about having a car for generations. It only seems that he thought in the short term. in obtaining profits from the sale of shares when they reached almost 30 dollars.
I am a little confused about Chapters 7 and 11 “ please correct me if I am wrong “.
Bankruptcy protection is different than Chapter 7, 11? Please explain 🙏
Please explain it, in addition, if HF apply for bankruptcy protection my shares will still have a value according to the current mark prices.
Please explain it. 🙏🙏🙏
Chapter 7 shares will be worthless. Chapter 11 shares will trade for awhile (most likely) but will eventually rise or fall based on the events that unfold during chapter 11. In chapter 11, shares usually don't survive, but they can.
Chapter 11 is sometimes called a reorganization bankruptcy. A business uses this when the business believes it can succeed but needs to restructure its debt (for example). It is overseen by a court. I believe a judge approves the business plan and makes decisions regarding how the company can proceed, how debt is reorganized, etc.
Chapter 7 is used when a company truly goes out of business. Its sells whatever it can to pay whatever debtors it can. The company ceases to exist in a legal sense.
@@gstead11 Exactly. The whole idea and why Chapter 11 even exists is so a "viable" company can continue. As you said shareholders may or may not survive reorganization either voluntary, or within chapter 11. In fact if a company is bought out during Chapter 11 shareholders may or may not receive something.
I will say this. If this article is true about 4 OEMs interested then Henrik better be stating the facts and being honest about this because if these all fall through there should be an investigation to make sure it was factual because if not it could be considered manipulation. So, assuming he realizes this then if the article is correct then this is good news and we all hope something comes of this.
Wealth comes to many investors if funding offers come in to and Fisker is not bought out. A Buyout is less of a win unless you are holding maybe 250,000 shares under 10 cents avg. This Buyout is Great for Fisker Ocean owners and hopefully most employees.
I'll point to the statement in the meeting where HF said one of the offers was "inadaquate".
Companies out of money or options do not receive "inadaquate" offers.
I will also point out there was no press release. This was an employee secretly taping the meeting.
It's over.
@@ocsteve3 It's the company he built...he knows it's worth in the EV sector. The Gains and EV models coming just beginning.
@@2023gainer Great point if Fisker had 30 days to live. It's a buyers market for a company with zero assets. There is not nearly enough lipstick for this pig.
@@ocsteve3
Anybody that believes Fisker is just crazy.
Let's be realistic, it's nothing more than a rumor. Bankruptcy is eminent for Fisker, the only thing is if it is chapter 11 or 7.
How is it possible that a man with many years in the car market, with experience, who worked for BMW, among other companies, and knows many tycoons, has brought his own company here, on the verge of bankruptcy. It seems to me that I only created the car thinking about short-term benefits and not long-term benefits. The profits obtained from their actions reaching almost 30 dollars are large profits obtained at the time.
Unfortunately, from the beginning this EV was created thinking about short-term profits. They didn't think long term
I would bet on Karma automotive or whoever owns karma.
Which OEM wants to be associated with such damaged brand?
Friends, be careful, what Henry Fisker does sounds like a trap. Law of contrary sentiment. Stocks will always seek to rise when we are not incorporated. Here, if the shares were going to go up, he shouldn't have said what Henry announced today. This is over.
How is it possible that a man who has had the opportunity to meet many multi-millionaire people, great businessmen for years, gives the impression of begging. When you started the company, didn't you think about a buyer in the future? This all seems very strange to me.
Any videos today?
No,.not today
@@Ocean1_FSR Enjoy your day off!!
surprised you dont think magna will be the buyer
No matter what the eventual outcome of 1000 ways this could end, the shareholders will be screwed from SP point of view, guaranteed. HF and GF are only looking out for themselves and not anyone else
That is the opposite of the EV industry purpose of improving the Global Air Quality and Saving Lives and improving health. They could of started a much easier and profitable business. Plus they lowered outstanding shares from 589 million to 343 million shares recently.
In the stock market when there is negative news it is because something positive is coming. and when we hear positive news it is because something negative is coming.
Nissan or Kia.
Google has over 100 Billion
If google buy Fisker for 2 billion they might get 2nd EV after Tesla 🎉🎉
Every mayor legacy automaker has EVs now and they are loosing tons of money on each one. There are also several startups trying to gain some share of the market (e.g.: Rivian, Lucid, Canoo, etc.), also loosing money at this stage. There are also at least 5 very competitive Chinese manufactures putting out very attractive EVs, deep pockets from the Chinese government. Market is very different now than it was just a couple years ago.
The idea of Fisker been 2nd just after Tesla is just not true. It is an extremely competitive market.
There are lots of things Google can do with 2 billions that will have better potential returns than EVs.
Nissan is a bit of a joker as a partner, or as a buyer goes, do to their French connection, that it's a little complicated around IP -intellectual property, it comes down to licensing/IP/patents, all of Nissan EV has a share platform with french Renault, so with a partnership with Fisker Inc. Renault would also need to use the Fisker Ocean platform and pay for licensing to Fisker?, or should Fisker Inc. be part of Nissan and Renault supply and use Renault part and pay for licensing?, well Fisker Inc. is only using outsource suppliers, but French Renault is known to be hardball on business side, special if they should pay to outsource licensing. The Catch22 is Nissan and Renault already have developed the next EV platform/ "the skateboard" over the next couple of years to roll out 35 electric car models by 2030 using platforms they plan to develop together. Our Fisker Ocean and the coming Alaska could be just built in the US on the Nissan plant, but there are no space to share the Fisker Ocean platform with Renault, and they would also have to be involved in some levels in the talks, so my suspicion tell Renault have been a play who overcomplicated the deal. Here is a link to Nissan Ariya Renault sister with the CMF-EV platform:ruclips.net/video/Oh1JaxenQM4/видео.html&app=desktop
Henrik is playing with the truth again. This wasn’t a public statement. He’s simply trying to keep employees motivated
I have a funny scenario...Hinrick sold his house for 25mil then bought shares at .017 then sold at .09 then bought the float ar .024 he owns all the shares😂
Nissan ain't coming . Nissan is struggling and
Fisker isn't going to give up his company and they aren't giving up their shares.
If going Chapter 11 the Fiskers won´t have a call. A court-appointed trustee will be put in plase to manage the company.
Nissan has billions and didn't have a 10-K from Fisker before to reach a partnership. We have 3 weeks for more potential Buyout offers, funds or partnerships. A wealthy individual could also buy Fisker.
Nissan is struggling themselves so that ain't gonna happen. I know reality is hard. The reality is, Fisker is a horrible business guy. This is the 3rd one he has run into the ground. Electric vehicles are proven to be failures. So I am sorry for you, but you really are giving false hope to people who need to wake up, adjust, get used to admitting you all made a horrible mistake, pick yourselves up, dust yourselves off and move on and come back to sensibility and get away from the electric nonsense. i wish you well.
Electric vehicles in North America are Very Profitable for the last four years. The government put out Billions of incentives to build these cars? You take 20 million out of 2 Billion large, build the vehicle, sell a few , and then Golden Parachute to your next adventure before the Next Election. Now- do you taxpayers and poor Rubes who bought this Stuff........Understand The Game.....????
Lol😂? Electric vehicles as a whole? You must be one of those nuts getting arrested for keying and damaging EVs. Porche is about to sell more EV Macans than they ever sold in petrol Macans. Model Y has been the best-selling vehicle in the world, period.
@@BremboT I have never and will never key anyone's car. Electric car sales are falling through the floor. The trade-in value after they have 500 miles drops by about 60%. If you are ok with that, then that's on you, but to lie about the situation shows the bias you have.
Was following you until you got to your last statement about the “electric nonsense”. Electric is the future. You deniers are reading too much into the slow down. With the advances being made with electrification, it’s only a matter of time. Now, perfectly understand you would stick with your gas vehicles but the generation behind you aren’t so prejudiced.
He still thinks its the 1960s and the Marsians are coming. LoL