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hmmm, so i wasnt wrong.....
go to the link and scroll down to the ticker and read the article
Here's the link with real news:
https://finance.yahoo.com/news/faraday-future-announces-appointment-jonathan-214200815.html
Your link has one side agenda in mind.
Your reputation downgraded to "untrustworthy".
So where does it say "faces cash issues and disputes"? Sounds like you added these stuff yourself.
Faraday Future (NASDAQ:FFIE) – Faraday Future announced the resignation of its interim chief finance officer and disclosed errors in its financial statements for 2022 and the quarter ended March 2023. The company has appointed a new interim chief financial officer and will provide updated statements. Faraday Future faces cash issues and governance disputes.
According to the PR there was a non cash error in the financial report. Someone is buying into the rumor that the numbers can significantly improve the current state of the pps.
something is happening....
I'm happy to see what's going on here...
Looks fine to me bought the dip an glad I did
This company sucs! Agree stay away from the scum running it, they should be jailed!
"RSS will not reduce the total number of authorized ordinary shares that the company is authorized to issue, meaning that after the split, an additional ~1.7 billion shares can still be issued."
Say it with me now: "DILUTION SPIRAL"
$100 Million dilution 5/9/2023, and they already need another $300 Million barely a month later, plus announcing a R/S that will probably be 1:90. I'll also point out that they hid delays to their phased delivery plan (which I've been saying for weeks they won't deliver) in this horrendously bad news.
FFIE is using common shareholders to line their own pockets with no real possibility of future profits anywhere in sight. Stay away.
Item 7.01 Regulation FD Disclosure.
On June 19, 2023, Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), posted to its website (www.ff.com) an investor question and answer sheet (“Q&A”) regarding its recently announced plans for a reverse stock split, update on the timing of the Company’s Phase 2 deliveries and the filing of a Form S-3 shelf registration statement. The Q&A is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
https://ih.advfn.com/stock-market/NASDAQ/faraday-future-intellige-FFIE/stock-news/91376891/additional-proxy-soliciting-materials-definitive-d
Junk here absolutely junk! Sold out last week thank god
0 chance of this bouncing back to last week's high (let alone above it) on Monday, or until the r/s happens for that matter. This is a sinking pig.
R/S can't happen until stockholders have had a chance to vote on it was my understanding (though I skimmed the PR & could be wrong). If that's the case we're looking at weeks of decline before a crappy R/S to get us above $1.
Dilution & R/S is their plan to prop up this POS company.
Dear Chen, CEO of Faraday Future,
there is no reason to make reverse split too early and kill momentum except you assassinated the Company for your private profit. Chen be smart and wise, your PR can cause 500 millions sell volume with difference maximal 17 cents down with price, it makes for your short positions gain USD 85 million only, but if you terminate the proposal the growth about plus 1 USD brings in your pocket 500 million USD, another 1 USD by price 2,48 USD per share or from 1.28 to 2.28 USD another plus 500 million USD to your account. I think its enough to bail out your friend with 2,4 billion Remhinbi blocked in China.
Otherwise i have to in the name of Chinese Heritage, in the name of Confucius, hammer out you and Chinese from USA and return you into your homeland with biggest blame of the World. No american investment in China will follow!
Apparently they have too many fortune cookies between their ears, interfering with common sense decisions.
The RS is not just for compliance it is at the behest of Major investors.
Yeah right, arab money coming in on Monday before the market opens, $FFIE will be compliant in less than a week, cover your shorts homie,
I agree but the RS could happen Tuesday. I may jump back in after earnings. Lots of better plays out there right now
This'll drop below $.10 before the r/s. Stay away.
Still on my Watch. Will wait till the dust settles after RS. The 91 is a bad ass machine.
They literally just announced the only way they can hit dollar land is with an r/s, but nice try.
Bwahahahahahah
Been saying for weeks $FFIE is propped up by dilution and y'all are acting all surprised at a R/S the second it starts to gain traction.
FFIE is junk. Never going to make a profit, never going to have a product they can produce more than 500 in a year. They're playing at making expensive toys with borrowed money they never intend to repay.
Dear Xuefeng Chen, CEO of Faraday Future,
how do you find out to kill the share price momentum "HONEY", and why this silly and desperate move after market closing? No letter from Nasdaq was send to you, nobody has pressed you to make "SEPPUKU" and put the knife into the neck of shareholders. On October 2023 is daedline, not the 16.6.2023, terminate this proposal quickly or I will terminate the FFIE (FFAI) and smash this scamride from the US market. I invested maybe millions into FFIE, but with the billions I force it to short to ground zero, I swear, I´ll make it happen! This fishy chinese money outburst and chinese practising will be in the USA no more. Do you shorting your own firm Chen?
Terminate this proposal Chen or I hammer out you and Chinese from the market forever.
It could in 7 trading days reach 1.65 USD per share and get all Nasdaq rules just without your PR.
1:2 RS is not bad to propel the sp to over $1. But a 1:90 is terrible.
(Reuters) -Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq's minimum bid price requirements.
Nasdaq requires shares trade above $1 and sends a notice when a company trades below that mark for 30 consecutive business days.
Companies then have a 180-day period within which the stock has to trade above $1 for at least 10 consecutive days to comply with the rules, although a second 180-day period can be granted if they meet other requirements.
Got out with a nice profit thank God I was watching AH.
Yea green turned to big red in a matter of minutes.
Good luck with that...look at AHs market....crash.
We need one more green strong trading day on Monday with volume above 130 Mil and the MOASS will rock the Hedge Funds, HODL.
wow would ya look at that
In production with plenty of Cash see you in dollarland shorty
Holding until $$$.
Better flip for profits while you can, because once the momo leaves and the technicals take back over it's back to the $.20's.
This stock is about to blow the technicals out of the water. Forget about the RSI especially if you're thinking of flipping in the .50 to .65 range. HOLD
lolol, yep.....
I never pay attention to they
but but they said its not supposed to do this.......
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