AUDENTIS FORTUNA IUVAT
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Great!!!
Good to see you here link. Been a while my friend.
I tried, but got no .0008's.
Set for now. Revisit adding tomorrow if this continues to get silly.
Thank you my friend.
ASII--Finally got my .0009's. Thank you.
In the real world of equity, this happens all of the time. Big boards utilize their stock price to consummate leveraged buy outs, acquisitions and mergers. The stock price of a company usually can be exploited to garner favorable loan terms in traditional finance/banking institutions.
In the OTC, very rarely. Because OTC, "Penny stocks," are viewed in the pejorative, no traditional institution will lend them money. Unfortunately, because of such indifference, the only way to garner proceeds is to issue convertible notes. Many times these notes are tied to a discount percentage associated with 10 days prior, VWAP, (volume weighted average price), just before exercising. Because the note holders do not care about the company, its' prospects or anything else, they can abusively short the price per share, and never have to cover, because they are always going to get discounted shares. The lower the price, the more shares have to be issued to cover the difference. It is called shadow boxing, cellar dwelling, etc.. I am, due to brevity, over simplifying the process, but you get it.
To your direct question, how often do preferred shares get issued in the OTC? Not very often.
Before my recent spate of posting on this board, I have been keenly watching the flip flop of opinions back and forth here. Opinions are like ...holes, everyone has one. Do not put your trust or confidence in anything posted here, that includes myself. If anyone, "TRULY," knew what was about to happen here, they would post it before it happens, point to point. Making shotgun predictions that it will hit .0013 tomorrow, possibly .0015, before it hits trips again, is prattle. I can read a chart like everybody else. What a chart cannot tell you is momentum, social media content and news. As for me, I have traded this equity back and forth, and this is the first time I am posting publicly about it. I added shares at .0011, and .001, tried for .0009's like another great trader, CJ, but got none. That is the truth. I will sell sometime next week likely, but I take things day to day, sometimes hour by hour, but not minute by minute. ASII has a great story currently, anticipated news coming and a corporate vow, currently, not to increase the AS or conduct a RS. That is sufficient fuel to power at least one more run, that is all I need to justify my purchasing of additional shares last week.
Predictions are for seers, tarot card readers or the like, worthless. I simply want to make money. Buy at X and sell at Y or Z. Nothing more, nothing less.
SPORTYNORTY
Not to be rude, but are you really asking this?
Yes, I can.
He does this for a living and has been doing this for the past 30 years.
He is technically adroit and can read charts and patterns as good as the best of us out there.
He does not change his outlook by the minute/hour and never bashes a stock, once he sells.
He is an aggregator of technicals, momentum and social media sentiment.
I could go on and on, but those that already know him and his stock picking prowess, don't need my opinions or chiming defenses. Those that either do not like him or choose to see everything and everybody in the pejorative, cannot be convinced by empirical evidence, thus it is a waste of time. I care not what others think, this is not a popularity contest, it simply is what it is. Just so you all know, BB actually taught me how to trade in the stock market, big boards, ETF's, micro caps and of course the OTCBB. Although we have never met face to face and his tutorials were over a protracted period of time, it was nonetheless effective. So thank you again BB.
So yes, I can prove he is the best trader in all of the OTC.
Remember,
"GREAT TRADERS CAN MAKE MONEY IN ANY MARKET."
SPORTYNORTY
ASII--One additional note to add: Advice on this forum is worth exactly what you paid for it, NOTHING. That includes me as well. Sometimes I feel like I will never make a losing trade. Other times, I feel like I will never make money in the stock market again. Ride the flows and prepare for the ebbs. Consistency, knowledge, chart reading capabilities, knowing how to read 10Q's, Form 4"s and earnings reports assist greatly in trading success. The OTC can give it and then take it all back.
ASII--Pay attention folks, some of the BEST traders in the OTC are congregated around this equity. In particular, the author of the post I am replying to , IS the best trader in the OTC.
Food for thought: Others that post on this board to exhibit their concerns, claim the world is ending, "No one is as smart as them," should be taken with a grain of salt. IF, those that claim to be, "Masters of the charts," and utter incessant condescending, "You were warned," posts, makes you wonder why they would spend so much time on a stock board whereupon they aver that they have no financial interest in. If I was 1/2 as good as these traders claim, I would be hunting for the next one and the next one, ad infinitum. Why waste this time? Makes no sense.
Hope everyone is having a great LONG weekend.
SPORTYNORTY
Good to see you here as well Profit. This will make us a lot of money over the coming weeks.
Doing great BB, hoping same on your end. You are still, and always will be one of the greatest traders I have ever known.
Have a great long weekend my friend.
Always a pleasure to see the queen of the OTC. Next week will be great.
Have a great long weekend.
Reversal starts today.
Cover.
Very fair. People will be making bank again, very soon. VERY soon.
FSRNQ-/ Round #2 coming.
This is the bottom, it will get more expensive every day from here on in.
Welcome back. I see the chocolate cake with a nail file has sprung you from cyber JAIL.
Along those same lines: I heard Boeing was possibly thinking of having Fisker himself, ride into space with his OCEAN model to pickup the two astronauts stuck at the international space station.
Imagine the, “Orbit,”level FSRNQ could attain on such news.
FSRNQ will be the story stock of the next few weeks. Any rumor of preserving equity for shareholders will send this way up. Notice I didn’t say accurate rumor. Trade the ebbs and flows of this equity until it becomes un-tradeable.
I do as well. They should worry less about saving everyone and more about making money.
A great trader can make money in any market in any fashion.
Always my pleasure to defend the QUEEN of I-HUB.
Chartmaster--Not trying to pick a fight, but I will defend CJ every single day of the week and twice on Sundays. She has forgotten more about trading in the OTC than you could ever hope to know. I mean that both emphatically and respectively. I taught myself technical analysis, candle sticking, DOJI, bullish harambi, bearish harambi, morning star, Eliott Waves etc...
Technical analysis is one of the most crucial tools a trader can master for sure. But, the most important skill a trader can master is pure gut instinct. The aforementioned skill is developed over time through experience. No more apparent than here in the OTC. CJ is one of the best traders on all of I-HUB. You would be wise to follow her, as she knows exactly what she is doing.
Did your technical analysis indicate that the bottom of this trade was established on Thursday afternoon? I publicly posted that fact Thursday night. As for your disparaging, uniformed dismissal of trading BK stocks, that is also close minded. I have made tens of thousands of dollars trading BK stocks. Some examples:
WAMUQ, Chemtura, Lehman Brothers, Bear Stearns, AA, etc.. Reconsider your thoughts on that matter, and you will make even more money.
The best trader can make money in any market, in any fashion.
Good luck,
SPORTYNORTY
Thank you CJ.
I am blushing.
Regards Tom. The bounce will come later today and/or next week. They always do.
FSRNQ--
Delaware chapter 11 filing revealed that Fisker had approximately $100,000,000 - $500,000,000 in debt
BUT
$500,000,000 - $1,000,000,000 in assets.
There is money to be made here. The worst of the selling was today. It will get better later tomorrow and the bounce will be commencing soon thereafter.
Rounding out my last few purchase of shares. Let the covering commence.
I concur. In close to twenty plus years of investing and I-HUB since 2006, I have NEVER, and would NEVER post on a message board where I did not have a financial interest/angle.
As for FSRN, on the cusp of a CEO in person presentation on Thursday, I anticipate some clarity as to FSRN's business model and future.
Fisker should offer a 25% discount to us loyal shareholders
Good morning everyone
Total clown show you are. You spent 92.3% of all of your posts about GVSI. Tell us Rockefeller, did you make a fortune shorting a .000 stock? Or did you make your fortune shorting BIAQ?
They will let anybody on these boards these days.
Very astute of you to point out. I concur.
Over the next two weeks, all shall be revealed.
The lower it goes, the more I buy.
FREE MONEY
Very wise.
My thoughts on the 8K.
Non-event. This is the proverbial game of chicken between a company and debt/note holders.
People will overreact tomorrow morning. It will be their mistake. We are currently just under 5cents. If nothing else, the necessary inevitable short covering to close out the trade transaction will get us back over .10 cents alone. Something to keep in mind going forward.
I plan to capitalize on such short minded, irrational reactions.
FSRN--Proves yet again, that they are not preparing for BK, far from it.
My pleasure.
FSRN-- As promised:
Position: 1,000,000 shares, cost basis .041.
What I am about to endeavor to convey through this post is predicated upon over twenty-five years of investing, experience related to debt covenants, lines of credit, subordinated notes and SEC filings to include quarterly reports, Form 4's, etc...All materials included within this post have been derived from publicly available reports, investor acumen, and a whole lot of gut instinct.
Now that you know my investment position and experience, let's get to the heart of it.
Henrik Fisker was a TESLA executive vice president in charge of car design. At some point, Fisker's ideology on future designs was panned by Musk and Fisker decided to take his talents and visions to his newly formed EV competitor line. Fisker had no trouble garnering venture capital to finance this upstart company. In fact it was so easy, that Fisker spent felonious amounts of money attempting to design the perfect EV car to compete with TESLA. Problem was that all of that time and energy was wasted in trying to perfect the car design, holding up production which resulted in bankruptcy filing in 2013. Subsequently, Fisker acknowledged his mistakes and waited for another opportunity to make good on his company and vision. That opportunity came through a few years ago, and Fisker promised his investors that he would not make the same mistakes again. He was partially true to his word.
Fisker designed the Ocean, a car with side by side comparisons to TESLA, including one from Motor Trend, whereupon the Fisker OCEAN model traveled further than the TESLA. To be fair, the disparity between the TESLA model and the OCEAN model was evinced within the cosmetics of the TESLA model which had better quality related to comfort and luxury relative to MSRP between both vehicles. At least Fisker was producing vehicles this time. The Manhattan Beach production facility had all of the bells and whistles and once procured by Fisker, there was an aggressive and highly ambitious production schedule, with eyes to expand to other models. Although cars were being produced, the high price point relative to similar TESLA vehicles, was met with consumer indifference and tepid buying. Believing that his company would press through, he continued to over produce and tinker with modifications. First red flag was when they withdrew yearly guidance, predicated upon less sales than anticipated. This one domino would prove to be the tipping point on a series of events over the next three months, that would once again put Fisker's company on the brink of collapse.
Subsequently, severe price reductions on their Ocean car line did not inspire the consumer confidence they had hoped for. Additionally, the recoupment of capital expenditures from already produced vehicles did not reach levels the company executives had hoped for. Then, Nissan started to poke around Fisker automotive, with an eye to possible merge/acquire Fisker cheaper, was met with indignation by Fisker himself. This indignation manifested through Fisker's own words stating, "That offer was insufficient." Nissan concluded their interest in Fisker at that point. Once again Fisker was on the brink and he made the decision to leverage upcoming 2025 debt covenants against committed cash in the bank. This was probably the only way Fisker could keep the dream alive. This was a strategically brilliant move, because at this point, if the company was going BK again, then so be it. This point is crucial to understanding how we got here, and what likely comes next.
Henrik Fisker is a fantastic car designer, engineer and visionary related to the EV market, but an awful businessman. Although Fisker has not yet fully identified the unnamed institutional investor that provided the company a $3,500,000 lifeline, tied to fully guaranteed notes due 6/24/2024. Additionally, that same institutional investor agreed to provide another $4,000,000 in additional financing. Because these two financial lifelines are tied to end of June maturity, this unnamed institutional investor is ostensibly at the head of the line so to speak if Fisker goes BK. Now ask yourself, why even bother screwing around with this financing if the company's fate is sealed? Exactly, it makes no sense whatsoever. SOMETHING IS INDEED GOING ON.
Right now, the officially unnamed institutional investor, which Fisker transcendentaly identified last Wednesday, is attempting to rally all debt holders with significant investments in this company to renegotiate the terms and conditions of these debt covenants and the impending maturity dates of same. The argument to be made here is that the unnamed institutional investor currently owns the most amount of company debt and does not want to take such a haircut. Buoyed by the terms and conditions of the aforementioned lifelines, against the real prospect of BK so soon, this unnamed institutional investor has almost nothing to lose related to the $7,500,000 it just provided. Henrik Fisker certainly does not want to fail again and it would appear from the recent press release, his ability to autonomously run his company, at least financially, has been wrestled away. This unnamed institutional investor is calling the financial aspects of Fisker automotive for the foreseeable future.
If you buy into the alacrity with which this resolution will be determined, 6/28/24, then you must also consider why the most recent financing is happening at all. Additionally, as CJ previously articulated in public postings, the money manager assigned to this rapid turnaround, just finished up with Carvana and now is assigned to Fisker. All credit for this observation should go to CJ, as she was first to point this fact out. I could go on and on about all of the nuances of this situation, and where we end up. I encourage everyone reading this post to perform their own DD and determine their own level of risk and or risk aversion.
FSRN is currently priced for BK, any alternative to this will be a huge boon to all of us still holding shares, and thus my own risk tolerance at this point is warranted.
Final points to consider: I personally do not care about Fisker automotive, their cars or the future of EV automobiles. I am here to capitalize on an equity being overly punished for fiscal mishaps, relative to my own DD in attempting to discern what is going on here. It all adds up, at least for me.
PRICE TARGETS: No BK/debt maturity dates pushed out to later 2025 or even 2026. This equates to a price per share of .25--.67 cents within the next 30 days.
Longer term, back over $1.00 by September/October. After that, you will have to derive your own price targets because I will be long gone by then.
My attempt to share my thoughts on this situation is exactly that, MY THOUGHTS.
Wishing all great success, health and prosperity.
SPORTYNORTY
Hello CJ. Seeing as I know you live with one lawyer and you know what I do, I will explain what is happening with FSRN. I shall put something out this weekend, on this very board, which will connect all of the dots.
Little Tease: It is very good, but not a buy out, at least not yet.
HINT #1: Think extensions of credit and loan covenants
HINT #2: Henrik Fisker treats this company like his child. He wants the VERY best, and he will fight to keep it, even if that means by humble means and money management inclusions.
That is all for now.
SPORTYNORTY