Man, so many people living on a prayer here. I took a major hit and traded mine away. Hope you all still have the option to do so. Anyone waiting for HF to do the right thing at this point (or thinking he even has a clue as to the right thing to do) is wishing for a miracle at best. I’ll see you all in line at 7-11 buying lotto tix. Best of luck.
I think something is cooking.... we don't see the so waited bad news and instead, HF keeps on adding dealerships. I mean if you are a dealership owner, would you buy from a company that is about to die? I DONT THINK SO.
I mean, with their program, Titan discontinued and with the platform, approvals, etc. I think that Apple could enhance the software, appropriate the name and styles, I mean, the Roning, Alaska, etc. Plus we have presence in Europe and Europeans have a better perspective of the planet and of Henrik than we have here.
Can you blame the note holder? Given Fisker's history, they would want to get more of their money back if Fisker went bankrupt. Fisker, hungry for money, agreed to the terms. It would be the same for us if we wanted to get a loan and there was a foreclosure or bankruptcy on our credit report. The lender would want more guarantee of getting their money back. What was the reason for missing the SEC filings? There should be no reason. It's the CFO's job to manage the accounting duties, whether accounting dept in the company or hiring outside accountants.
I think it's a very good idea.. and then JLR should get it in a way it is eligible for Tax credit. BTW, I would buy it as a "Fisker" more than I would buy it as JLR.
Waiting for BK is unwise for a buyer. They will be outbid from the start. Why/how? The first lien (i.e., priority) note-holder will probably put in a stalking horse bid for the assets, through prior arrangement with CRO. This stalking horse bid will reflect massive debt already owed to the note-holder, and set the low-end bid, meaning other bidders have to bid higher!!!! They won't bid higher, unless Fisker has some highly valuable assert we don't know about.
Disagree. Chapter 11 is, IMO, the only way a serious investor will get involved. It isolates the buyer form the liabilities/risks of the bankrupt company. Automotive companies operations are so complex and Fisker has been so badly mismanaged that the real exposure of the company is difficult to quantify. Debt is not the only liability. A stalking horse offer wouldn´t be a bad thing, it will maximize the value of Fisker assets. Don´t see a buyer turning away if the assets price is reasonable. I also don´t see the noteholder putting an unreasonable high stalking horse bid if they put an offer at all. They are a financial company, if their offer stand they will end with a bunch of assets they don´t need/want to manage
Assuming the narrative of the noteholder been a vulture milking Fisker out of money to be true. It will be ironic if they end overpaying for the assets of the company. Really poetic. They have been really smart so I don´t see it happening.
The 10k is also old and if we owe about $620 on the 2026 notes and $180 mill to the 2025 noteholder that should take convertible noteholder debt down to $800 million from $1.2 billion reported on 10k. Accrued expenses is also where a lot of the debt is but that very difficult to tell if it's come down or not. I believe debt is closer to $1.5 billion now.
Most valuable asset Fisker has is access to US Market. Maybe a Chinese or Foreign company would buy them at a premium for this reason. If they go bankrupt, would foreign companes be able to bid on them? Even if they can bid there is no guarantee they will win the bid against others. So paying a premium before BK to get access to the US would be a factor.
I wonder - If Other Note holders will come to the rescue and paid down first note holders debt. Also Banks Can give some money to restart the production. Also Magna can come to the rescue. And Once we are at some 50 cents or 1 dollar, we can raise more money and pay down Note holders. All these things are possible, but Management was lazy not to do it.
For anyone to come to the rescue there needs to be a high level of confidence in that they are not throwing money in a bottomless pit. To build consumer confidence in the brand will be exponentially harder today than in December 2023. Restarting the brand will be an uphill challenge that would require the kind of dedication and risk tolerance that financial institutions aren’t known for.
I believe you have it wrong on how this was diluted. My understanding is they were “issued” shares for debt at a 20% discount from the previous day’s trading. I don’t think the note holder had to buy a single share.
Understand the bottom line is important to a buyer, but by screwing the current stockholders, they take a huge chance that no one will want to invest into the company if they have already lost so much. If they come out good I will invest more. If I lose my stock shares now I will not be investing anymore
FSRN... Fiskerl...Up 41 % week and 124 % month as per MarketWatch. 18 dealerships with 12 in Europe and 6 in North America. Is Fisker only looking for a Buyout or also financing/ partnership to stay in business.? Thumbs Up video/ comments. Thanks.
So if a buyer comes in and buys cheap and investors get screwed then how popular will the Fisker vehicle be then? There will be a lot of pissed off investors/Families etc out there "talkin" how many people will buy a Fisker knowing how many people got screwed. As for not filing the 10K on time, Geeta screwed everyone
I was thinking that as Apple dropped out of car development when FSR hit the fan. But nothing transpired. Maybe they're waiting for ch 11. I don't know.
My thought, too. They could fit the car with their technology, not have to establish a manufacturing plant given Mr. Fisker´s outsourcing business design, and establish new Apple products and have a new market for their products (among other great synergies).
@@EM.1. Assuming interest, at Apple´s financial level and negotiating ability, I don´t think they would need (or want) to wait for a bankruptcy to make the deal given the potential risk of losing this opportunity to another company.
I am thinking if Apple were to enter the auto manufacturing industry, they would want to do it in a big way. Project Titan would have already pre-planned the logistics and the companies involved. They would definitely use CATL or Panasonic to make their batteries, and probably want their tried and true assembler, FoxConn, as their assembler. They would buy potentially more than one auto company, to allow themselves to immediately become a viable competitor, and they would try to stay within US government mandates related to getting tax rebates and incentives. It has been well-known that the FoxConn Shanghai assembly plant that Apple used for their smart-phones is no longer being used by Apple to assemble their phones, where is Apple making its phones? Assembly has moved southeast non-Chinese countries such as Vietnam, Japan, Korea, and Malaysia. Yes, FoxConn does own the Lordstown, OH auto plant, but it still is not ready for potential use for EV manufacturing (possibly never, or late 2024 to mid-2025). But an auto plant making Apple cars in any of the above countries might still qualify for US tax rebates and governmental incentives, and, if batteries were made and assembled in the US, and Apple owned one or more US companies here in the US with ready to make vehicles, such as Tesla and Fisker, they could start making their Apple-owned cars using FoxConn and/or Tesla here in the US. Tesla and/or Magna, and later FoxConn, would supply the cars for the North American market, Malasia or Vietnam would supply Asia and China, and possibly Magna/Tesla would supply Europe. Of course, Fisker and Tesla would supply the designs, charging, service centers, and the know-how related to the EV models.
You can't blame the noteholder for exercising whatever rights they had per the note that Fisker agreed to. Again the blame here lays squarely with Henrik and Geeta for screwing this up so badly. They are so bad, and so criminal, I wouldn't even rule out collusion amongst them and the noteholder to purposely default and trigger the dilution for a cut of the deal. Seriously, they are that devious. Still doesn't take away from Henrik designing a great looking car, and Magna building a quality vehicle, and the employees who gave it their all. Everyone here should aim their anger at the Fiskers period.
I agree, could have collusion. But I said this and I’m sticking to it. This really comes down to a mix of note-holder greed, management pressures to get the Ocean out prematurely to create cash flow, that spiral into viral social media critiques, then purchaser reluctance. It’s 2024 where greed, fear, manipulation, and media can, lets call it “cancel” a great product. Cancel culture at its best.
When is the next 8k due date? Isn't FSR liable if they let trading goes on without issuing another 8k regarding CRO John DiDonato? Does it even matter any more?
The Noteholder only converted a portion of the principal in order to take control of the common stock, correct? So he's the controlling shareholder and lead creditor at the same time. He did NOT kill the company. The EV market died and management was over it's head.
Have the same question. For doing that, buying shares at a discount and selling at market value, the noteholder had to first convert the notes to shares. Could have been done partially. Question is, how many notes the noteholder still have?
We got played, shareholders get to suck on it. The Fiskers parachute out as does the bond holder. If they knew the software was so bad why put it out there? You think, ran out of time and money. Not sure if I agree. Thank god I bought on the run up ams sold off most shave over $20. As for the ev, it should have worked under the right circumstances. Boo hoo Henrik!
Man, so many people living on a prayer here. I took a major hit and traded mine away. Hope you all still have the option to do so. Anyone waiting for HF to do the right thing at this point (or thinking he even has a clue as to the right thing to do) is wishing for a miracle at best. I’ll see you all in line at 7-11 buying lotto tix. Best of luck.
I think something is cooking.... we don't see the so waited bad news and instead, HF keeps on adding dealerships. I mean if you are a dealership owner, would you buy from a company that is about to die? I DONT THINK SO.
Business Wire
Fisker Adds Six New Locations: Three New Dealer Partner Locations in California, and New Locations in Missouri, Pennsylvania, and Guam
According to some financial news outlets noteholder is Susquehanna International Group.
I mean, with their program, Titan discontinued and with the platform, approvals, etc. I think that Apple could enhance the software, appropriate the name and styles, I mean, the Roning, Alaska, etc. Plus we have presence in Europe and Europeans have a better perspective of the planet and of Henrik than we have here.
Can you blame the note holder? Given Fisker's history, they would want to get more of their money back if Fisker went bankrupt. Fisker, hungry for money, agreed to the terms. It would be the same for us if we wanted to get a loan and there was a foreclosure or bankruptcy on our credit report. The lender would want more guarantee of getting their money back. What was the reason for missing the SEC filings? There should be no reason. It's the CFO's job to manage the accounting duties, whether accounting dept in the company or hiring outside accountants.
I think it's a very good idea.. and then JLR should get it in a way it is eligible for Tax credit. BTW, I would buy it as a "Fisker" more than I would buy it as JLR.
Waiting for BK is unwise for a buyer. They will be outbid from the start. Why/how? The first lien (i.e., priority) note-holder will probably put in a stalking horse bid for the assets, through prior arrangement with CRO. This stalking horse bid will reflect massive debt already owed to the note-holder, and set the low-end bid, meaning other bidders have to bid higher!!!! They won't bid higher, unless Fisker has some highly valuable assert we don't know about.
Disagree. Chapter 11 is, IMO, the only way a serious investor will get involved. It isolates the buyer form the liabilities/risks of the bankrupt company. Automotive companies operations are so complex and Fisker has been so badly mismanaged that the real exposure of the company is difficult to quantify. Debt is not the only liability.
A stalking horse offer wouldn´t be a bad thing, it will maximize the value of Fisker assets. Don´t see a buyer turning away if the assets price is reasonable. I also don´t see the noteholder putting an unreasonable high stalking horse bid if they put an offer at all. They are a financial company, if their offer stand they will end with a bunch of assets they don´t need/want to manage
Assuming the narrative of the noteholder been a vulture milking Fisker out of money to be true. It will be ironic if they end overpaying for the assets of the company. Really poetic. They have been really smart so I don´t see it happening.
The 10k is also old and if we owe about $620 on the 2026 notes and $180 mill to the 2025 noteholder that should take convertible noteholder debt down to $800 million from $1.2 billion reported on 10k. Accrued expenses is also where a lot of the debt is but that very difficult to tell if it's come down or not. I believe debt is closer to $1.5 billion now.
Fisker is talking about POSSIBLY laying people off AFTER TWO MONTHS. They have more time than we realize
There will be a dealership in Guam. We finally got our miracle! 😜🤪😉
Yeah, that was a head scratcher 😆
Most valuable asset Fisker has is access to US Market. Maybe a Chinese or Foreign company would buy them at a premium for this reason. If they go bankrupt, would foreign companes be able to bid on them? Even if they can bid there is no guarantee they will win the bid against others. So paying a premium before BK to get access to the US would be a factor.
BYD and GWM can. GWM owns Changli. If you watch Donut you see it. BYD owns Opal. They have 4 Beatle clones.
I wonder - If Other Note holders will come to the rescue and paid down first note holders debt.
Also Banks Can give some money to restart the production.
Also Magna can come to the rescue.
And Once we are at some 50 cents or 1 dollar, we can raise more money and pay down Note holders. All these things are possible, but Management was lazy not to do it.
If they are smart and like money they will
For anyone to come to the rescue there needs to be a high level of confidence in that they are not throwing money in a bottomless pit. To build consumer confidence in the brand will be exponentially harder today than in December 2023. Restarting the brand will be an uphill challenge that would require the kind of dedication and risk tolerance that financial institutions aren’t known for.
I see what your saying but multiple potential buyers makes it different.
Possibly
I believe you have it wrong on how this was diluted. My understanding is they were “issued” shares for debt at a 20% discount from the previous day’s trading. I don’t think the note holder had to buy a single share.
Agree. The Note is converted into Shares, hence the term "convertible notes"
@@vladimirgarcia9486 Ya, that’s my understanding too. He keeps saying they bought shares at a discount and dumped them. Didn’t happen
Will my warranty holds if fisker goes under?
In chapter 11, it's possible the warranty will continue. In chapter 7, zero chance.
Understand the bottom line is important to a buyer, but by screwing the current stockholders, they take a huge chance that no one will want to invest into the company if they have already lost so much. If they come out good I will invest more. If I lose my stock shares now I will not be investing anymore
You right 💯
FSRN... Fiskerl...Up 41 % week and 124 % month as per MarketWatch. 18 dealerships with 12 in Europe and 6 in North America. Is Fisker only looking for a Buyout or also financing/ partnership to stay in business.? Thumbs Up video/ comments. Thanks.
Do we know who the note holder is?
Yes
Mobile service is contracted out and the warranty claims are owned by MAGNA
Why should the warranty claims be of any interest to Magna?
So if a buyer comes in and buys cheap and investors get screwed then how popular will the Fisker vehicle be then? There will be a lot of pissed off investors/Families etc out there "talkin" how many people will buy a Fisker knowing how many people got screwed. As for not filing the 10K on time, Geeta screwed everyone
With all due respect, do you care of the company shareholder structure / history of evey single product/service you buy on a regular basis?
Look at the EV1. GM IS still loved
You don't think Apple could buy Fisker??
I was thinking that as Apple dropped out of car development when FSR hit the fan. But nothing transpired. Maybe they're waiting for ch 11. I don't know.
My thought, too. They could fit the car with their technology, not have to establish a manufacturing plant given Mr. Fisker´s outsourcing business design, and establish new Apple products and have a new market for their products (among other great synergies).
@@EM.1. Assuming interest, at Apple´s financial level and negotiating ability, I don´t think they would need (or want) to wait for a bankruptcy to make the deal given the potential risk of losing this opportunity to another company.
@@dennismorris7573 And they both use Foxcon for their builder
I am thinking if Apple were to enter the auto manufacturing industry, they would want to do it in a big way. Project Titan would have already pre-planned the logistics and the companies involved. They would definitely use CATL or Panasonic to make their batteries, and probably want their tried and true assembler, FoxConn, as their assembler. They would buy potentially more than one auto company, to allow themselves to immediately become a viable competitor, and they would try to stay within US government mandates related to getting tax rebates and incentives. It has been well-known that the FoxConn Shanghai assembly plant that Apple used for their smart-phones is no longer being used by Apple to assemble their phones, where is Apple making its phones? Assembly has moved southeast non-Chinese countries such as Vietnam, Japan, Korea, and Malaysia.
Yes, FoxConn does own the Lordstown, OH auto plant, but it still is not ready for potential use for EV manufacturing (possibly never, or late 2024 to mid-2025). But an auto plant making Apple cars in any of the above countries might still qualify for US tax rebates and governmental incentives, and, if batteries were made and assembled in the US, and Apple owned one or more US companies here in the US with ready to make vehicles, such as Tesla and Fisker, they could start making their Apple-owned cars using FoxConn and/or Tesla here in the US. Tesla and/or Magna, and later FoxConn, would supply the cars for the North American market, Malasia or Vietnam would supply Asia and China, and possibly Magna/Tesla would supply Europe. Of course, Fisker and Tesla would supply the designs, charging, service centers, and the know-how related to the EV models.
You can't blame the noteholder for exercising whatever rights they had per the note that Fisker agreed to. Again the blame here lays squarely with Henrik and Geeta for screwing this up so badly. They are so bad, and so criminal, I wouldn't even rule out collusion amongst them and the noteholder to purposely default and trigger the dilution for a cut of the deal. Seriously, they are that devious. Still doesn't take away from Henrik designing a great looking car, and Magna building a quality vehicle, and the employees who gave it their all. Everyone here should aim their anger at the Fiskers period.
Agreed. Henrick and Geeta suck balls.
Conspiracy theories can be found everywhere but that doesn’t make them fact.
I agree, could have collusion. But I said this and I’m sticking to it. This really comes down to a mix of note-holder greed, management pressures to get the Ocean out prematurely to create cash flow, that spiral into viral social media critiques, then purchaser reluctance. It’s 2024 where greed, fear, manipulation, and media can, lets call it “cancel” a great product. Cancel culture at its best.
@@gerhardk98 Agreed. Doesn't make them untrue either.
When is the next 8k due date? Isn't FSR liable if they let trading goes on without issuing another 8k regarding CRO John DiDonato? Does it even matter any more?
I don't think an 8k is needed there as it's public information the date has passed and he is the new person
😢
I was believing Fisker and I buy 22 k shares
I got F**k
Many are swing trading FSRN and other EV stocks. Fisker up 126 % month and 22 % week to lead the EV sector.
Annal😂 or oral.
The Noteholder only converted a portion of the principal in order to take control of the common stock, correct? So he's the controlling shareholder and lead creditor at the same time. He did NOT kill the company. The EV market died and management was over it's head.
No, you misunderstood. The note holder could buy at a discount then simply sell at retail.
Have the same question. For doing that, buying shares at a discount and selling at market value, the noteholder had to first convert the notes to shares. Could have been done partially. Question is, how many notes the noteholder still have?
We are having the same conversation, assuming what they can do to survive. It's the current presidency that bombed the EV market/economy.
Whatever went down can be reversed
There’s no incentive to buy now, as they’re just assuming debt. Anyone serious about buying he properties will wait until after BK.
And they won't have to deal with the hassles (& costs) that are usually associated with asset stripping after buyouts.
We got played, shareholders get to suck on it. The Fiskers parachute out as does the bond holder. If they knew the software was so bad why put it out there? You think, ran out of time and money. Not sure if I agree. Thank god I bought on the run up ams sold off most shave over $20. As for the ev, it should have worked under the right circumstances. Boo hoo Henrik!
No one is going to buy Fisker... $2 billion for WHAT? What would they get?
For Chinese automakers, access to North America market. Which possibility spells big trouble for GM and Ford
...they can avoid the chicken tax. The thing that prevents cars from being imported for 25 years.
@@TheOnlyGreatGuy😂I smell blood.
To buy what? Fisker don't own anything except the emblem maybe😂 it's build with Chinese parts.
...to go around Bidden. BYD could claim its American by buying Fisker. Team up with Canoo or Aptara...GM is dead in 6 years.